TS TECH Co., Ltd.

Company Profile

■URL

http://www.tstech.co.jp/english/

■Address

3-7-27 Sakae-cho, Asaka-shi, Saitama 351-0012, Japan

Business Overview

-A seat manufacturer under the umbrella of Honda Motor Co. Ltd.

-The Company develops and manufactures seats, door trims, roof trims and other interior parts for automobiles as well as seats, fenders and other resin parts for motorcycles.

ｰAccording to the Company, it delivered 2.30 million seats to Honda’s passenger vehicles in the fiscal year that ended in March 2023. This amounts to 60% of Honda’s seat requirements.

Shareholders

-From April 2022, moved to the Prime Market of the Tokyo Stock Exchange.

(As of Mar. 31, 2023)

Name or Company Name	Investment Ratio (%)
Honda Motor Co., Ltd.	24.05
The Master Trust Bank of Japan, Ltd. (Trust Account)	12.02
Custody Bank of Japan, Ltd. (Trust Account)	5.06
SMBC Trust Bank Ltd.	3.44
Sumitomo Life Insurance Company	3.04
Taiyo Life Insurance Company Ltd.	2.19
OKAMOTO INDUSTRIES,INC.	2.15
Mitsubishi UFJ Trust and Banking	2.13
MUFG Bank	2.07
Nippon Life Insurance Company	2.02
Total	58.18

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Products

Automotive products
Front seats
Middle seats
Rear seats
Door trims

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History

May, 1954	The Company began producing motorcycle seats as Teito Fuhaku Kogyo Corporation's seat division in Nakano Ward, Tokyo.
Jul. 1955	Teito Fuhaku Kogyo Corporation's seat division established a factory in Hamamatsu City, Shizuoka Prefecture.
Feb. 1960	Teito Fuhaku Kogyo Corporation's seat division established a factory in Asaka, Saitama Prefecture.
Dec. 1960	Tokyo Seat Co., Ltd. was established, taking over all operations of Teito Fuhaku Kogyo Corporation's seat division.
Mar. 1962	The Company established its Suzuka Plant in Suzuka City, Mie Prefecture.
Jun. 1963	The Company started producing seats for four-wheel vehicles at the Asaka plant (now called Saitama plant).
Oct. 1965	The Company established its Gyoda plant (now called Saitama plant) in Gyoda City, Saitama Prefecture.
Dec. 1968	The Company established its Hamakita plant (now called Hamamatsu plant) in Hamamatsu City, Shizuoka Prefecture.
Sep. 1971	The company established its Takaoka plant (now called Hamamatsu plant) in Hamamatsu City, Shizuoka Prefecture.
Jan. 1976	The Company established Kyushu TS Co., Ltd. (now a consolidated subsidiary) in Kikuchi City, Kumamoto Prefecture.
Mar. 1976	The Company established its Sayama plant (now called Saitama plant) in Kawagoe City, Saitama Prefecture.
Feb. 1977	The Company established Tri-Con Industries, Ltd. (now a consolidated subsidiary) in Nebraska, U.S.A.
Feb. 1977	The Company acquired a 100 stake in Shinwa Kogyo (now a consolidated subsidiary called TS Logistics).
Jul. 1978	Hamamatsu Sales Office was established (now called Honda Primo TS Co., Ltd.) in Hamamatsu City, Shizuoka Prefecture.
Nov. 1983	The Company established its Saitama Sales Office (now called Honda Primo TS Co., Ltd.) in Konosu City, Saitama Prefecture.
Nov. 1986	The Company established TS Trim Industries, Inc. (now a consolidated subsidiary) in Ohio, U.S.A.
Nov. 1988	The Company established its Konosu plant (now called Saitama plant) in Konosu City, Saitama Prefecture.
Nov. 1988	The Company established a technical center in Takanezawa-machi, Shioya-gun, Tochigi Prefecture.
Feb. 1989	The Company increased its capital to 4.7 billion yen.
Feb. 1990	The Company established its Tochigi plant (now called Saitama plant) in Takanezawa-machi, Shioya-gun, Tochigi prefecture.
Sep. 1994	The Company established Tokyo Seat Philippines, Inc. (now a consolidated subsidiary called TS Tech Trim Philippines, Inc.) in Laguna, the Philippines.
Dec. 1994	The Company called TS Tech USA Corporation (now a consolidated subsidiary) in Ohio, U.S.A.
Mar. 1995	The Company established a joint venture, TS Tech (Thailand) Co., Ltd. (now a consolidated subsidiary) in Ayutthaya, Thailand.
Jun. 1995	The Company established TS Tech North America, Inc. (now a consolidated subsidiary) in Ohio, U.S.A.
Mar. 1996	The Company established TS Tech Canada, Inc. (now a consolidated subsidiary) in Ontario, Canada.
Mar. 1996	The Company established TS Tech Philippines, Inc. (now a consolidated subsidiary) in Laguna, the Philippines.
Oct. 1996	The Company established a joint venture, TS Tech do Brasil, Ltda. (now a consolidated subsidiary), in Brazil.
Feb. 1997	The Company established a joint venture, TS Tech Sun (India) Ltd., in Noida, India.
Oct. 1997	The Company adopted a new name, TS Tech Co., Ltd.
Apr. 1999	The Company established TS Tech UK, Ltd. (now a consolidated subsidiary) in Wiltshire, U.K.
Jun. 2000	The Company established TS Tech Alabama, Llc. (now a consolidated subsidiary) in Alabama, U.S.A.
Jul. 2001	The Company established a joint venture, Guangzhou TS Automotive Interior Systems Co., Ltd. (now a consolidated subsidiary), in Guangdong, China.
Oct. 2001	The Company established Honda Primo TS Saitama Co., Ltd. (now a consolidated subsidiary called Honda Primo TS Co., Ltd.) in Saitama.
Oct. 2001	The Company established Honda Primo TS Chubu Co., Ltd.
Feb. 2003	The Company established a joint venture, PT.TS Tech Indonesia (now a consolidated subsidiary), in Indonesia.
Mar. 2003	The Company established TS Tech (Hong Kong) Co., Ltd. (now a consolidated subsidiary) in Hong Kong.
Feb. 2004	Honda Primo TS Co., Ltd. (now a consolidated subsidiary) absorbed Honda Primo TS Chubu Co., Ltd.
Jun. 2004	The Company established a joint venture, Guangzhou Tech Interior Trim Manufacturing Co., Ltd. (now a consolidated subsidiary) in Guangdong, China.
Sep. 2004	The Company established Ningbo FTZ TS Trimont Automotive Interior Inc. in Zhejiang Province, China.
Sep. 2004	The Company established Ningbo EPZ TS Trimont Automotive Interior Inc. in Zhejiang Province, China.
Apr. 2005	The Company established a joint venture, Wuhan TS-GSK Auto Parts Co., Ltd. in Hubei Province, China.
Oct. 2005	The Company established TriMold LLC. (now a consolidated subsidiary) in Ohio, U.S.A.
Feb. 2007	The Company was listed on the First Section of the Tokyo Stock Exchange.
Apr. 2007	The Company established TS Tech Indiana, LLC (now a consolidated subsidiary) in Indiana, U.S.A.
Jul. 2008	The Company established a joint venture, TS Tech Sun Rajasthan Pvt. Ltd. (now a consolidated subsidiary) in Rajasthan, India.
Jun. 2011	Established TS TECH Deutschland GmbH, a non-consolidated subsidiary, in Land Hessen, Germany.
Jan. 2013	Established TS Tech Asian Co., Ltd. (now a consolidated subsidiary) in Bangkok, Thailand.
Mar. 2013	Established TS TECH Hungary Kft., a non-consolidated subsidiary, in Pest Hungary.
Apr. 2013	Established TST Manufacturing de Mexico, S. de R.L. De C.V. (now a consolidated subsidiary) in Guanajuato, Mexico.
Dec. 2013	Established TS Tech (Kabinburi) Co., Ltd. (now a consolidated subsidiary) in Prachin Buri, Thailand.
Jun. 2014	Established TS Tech (Mandal) Private Limited, a non-consolidated subsidiary, in Gujarat, India.
Jun. 2014	Established TS Trim Brasil S/A (now a consolidated subsidiary) in Minas Gerais, Brazil.
Sep. 2015	Established TS TECH BUSINESS SERVICES PHIPPINES, INC. (now a non-consolidated subsidiary) in Manila Metropolitan Area in the Philippines.
Dec. 2015	Established TS TECH BANGLADESH LIMITED (now a non-consolidated subsidiary) in Narayanganj, Bangladesh.
Jul. 2021	Dissolved TS TECH UK LTS, a consolidated subsidiary in the UK.
Oct. 2021	Established joint-venture company TSML INNOVATIONS, LLC (currently a consolidated subsidiary) in Texas, USA.
Nov. 2021	Established joint-venture company TS DE SAN PEDRO INDUSTRIES, S. DE R.L. DE C.V. (currently a consolidated subsidiary) in Coahuila, Mexico.
Dec. 2021	Established TS TECH Poland sp. z o.o. (currently a consolidated subsidiary) in Silesia, Poland.
Apr. 2022	Moved from the First Section of the Tokyo Stock Exchange to the Prime Market due to the TSE's reorganization.