Imasen Electric Industrial Co., Ltd.

Company Profile

■URL

https://www.imasen.co.jp/en/

■Address

1 Kakihata, Inuyama-shi, Aichi-ken, 484-8507, Japan

Business Overview

-An independent automotive parts manufacturer.

-Manufactures and sells automotive seats, electrical equipment, and electronic products.

-Major manufacture of mostly seats, electric products, which accounted for 81.1% of total sales. (As of the fiscal year that ended in March 2024)

-The Company has a 16% share of the seat-adjuster market and a 17% share of the seat-recliner market in Japan, according to its own research.

-In order to strengthen the seat business, the Company invested in TS Tech.

Shareholders

-Listed on the Standard Market of the Tokyo Stock Exchange and the Premium Market of the Nagoya Stock Exchange.

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
TS TECH Co., Ltd.	36.46
Business partner share holding association	4.29
The Master Trust Bank of Japan, Ltd. (Trust Account)	3.50
Employee stock holdings	2.84
Custody Bank of Japan, Ltd. (Trust Account)	2.73
INTERACTIVE BROKERS LLC (Standing proxy: Interactive Brokers Securities Japan Inc. Representative Director)	2.34
San Ju San Bank, Ltd.	2.31
NHK Spring Co., Ltd.	1.42
Honda Motor Co., Ltd.	1.33
MSIP CLIENT SECURITIES (Standing proxy: Morgan Stanley MUFG Securities Co., Ltd. Securities Management Chief)	0.95
Total	58.17

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Products

Mechanical products
Seat adjusters
-Power seat adjusters

- Lightweight power seat devices
- High strength power seat devices
Lift-up and rotation device for vehicles designed to carry physically challenged passengers

-Round units
-Slide adjusters

Standard rails
Long rails

-Height adjusters
-Brake units
-Recliner devices with automatic restoration function

Window regulators
-Wire type window regulators
-X-ray type power window regulators

X-ray type power window regulators
Mono-arm type power window regulators

Electric products
-Electric products and relays

Electronic units
Micro ISO relays

-Lamps

Over head consoles
Interior lamps
High-mounted stop lamps
Rear combination lamps
LED lamps for illumination lighting

-Horns

Flat horns
Spiral horns
Air horns

-Power electronics products

DC-DC converters
Control ECUs for air conditioning blower motors

-Body controlling products

Control ECUs for power seats and seat heaters
Body control modules
Slide door control ECUs

-Safety products

Back-up batteries
Image switchable ECUs

Others
-Speed sensors
-Damper actuators for car air conditioning systems
-Magnetic valves
-Ashtrays

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History

Feb. 1939	Established Imasen Electric Industrial Co., Ltd.
Feb. 1947	Established Inuyama Plant.
June 1954	Started the production of lamps.
Mar. 1955	Started the production of relays.
Jun. 1958	Started the production of window regulators.
Nov. 1960	Established Mizushima Plant.
Sep. 1962	Established Knight Beam Co., Ltd.
Nov. 1962	Established Knight Denso Co., Ltd.
Dec. 1963	The Company built a plant in Nagoya.
Nov. 1965	The Company started manufacturing automotive seat-reclining adjusters.
Nov. 1966	The Company started manufacturing automotive slide adjusters for seats.
Jun. 1967	Established a subsidiary, Toyo Koku Denshi Co., Ltd., which is (currently a consolidated subsidiary).
Sep. 1968	The Company established Imasen Electric & Machinery Co., Ltd., which is (currently a consolidated subsidiary).
Aug. 1971	The Company built a plant in Hiroshima.
Jun. 1973	The Company built a plant in Shirakawa.
Feb. 1979	The Company moved its headquarters to Inuyama City, Aichi Prefecture.
Jan. 1982	The Company merged Night Seiki Co., Ltd., into its operations (This is currently the Kani Plant).
Apr. 1982	Established a subsidiary, Imasen Engineering Corporation, which is (currently a consolidated subsidiary).
Nov. 1985	The Company began manufacturing automotive power adjusters for seats.
Oct. 1993	The Company merged Knight Denso Co., Ltd. into its operations. It was formerly called the Okayama Plant.
Apr. 1995	The Company established a plant in Yaotsu Cho, Gifu Prefecture.
Jul. 1996	The Company established Imasen Philippine Manufacturing Corporation, which is (currently a consolidated subsidiary).
Dec. 1996	The Company's stock was registered as over-the-counter issues by Japan Securities Dealers Association.
Apr. 1997	The Company established Imasen Bucyrus Technology Inc., which is (currently a consolidated subsidiary).
May 1999	The Company built a new plant in Okayama.
Sep. 2001	Listed on the Second Section of Nagoya Stock Exchange.
Dec. 2001	Established an overseas subsidiary, Guangzhou Imasen Electric Industrial Co., Ltd., which is currently a consolidated subsidiary.
Sep. 2002	Designated in the first section of Nagoya Stock Exchange.
Dec. 2002	Obtained ISO 14001, the international standard for environmental management.
Jan. 2003	Established an overseas subsidiary Imasen Manufacturing (Thailand) Co., Ltd. (currently a consolidated subsidiary)
Feb. 2003	Listed on the first section of Tokyo Stock Exchange.
Feb. 2004	Obtained ISO/TS16949: 2002
Apr. 2004	Absorbed a subsidiary, Knight Beam Co., Ltd. (This is currently the Harusato Plant.)
Apr. 2007	Established a subsidiary, Kyushu Imasen Co., Ltd. (currently a consolidated subsidiary).
Nov. 2007	Established a subsidiary in Indonesia, Imasen Manufacturing India Private Limited (currently a consolidated subsidiary).
Mar. 2011	Established Wuhan Imasen Electric Industrial Co., Ltd. in Whuhan, Hubei Province, China.
Jul. 2012	Established a subsidiary, Imasen Mexico Technology S.A. de C.V., in Mexico.
Aug. 2014	Established a subsidiary, PT Imasen Parts Indonesia, in Indonesia (currently a consolidated subsidiary).
Apr. 2015	Established Imasen Global Development and Training Center.
Jun. 2015	Established German Branch office.
Nov. 2020	Signed an agreement with TS Tech Co., Ltd. to form a capital-based business alliance.
Aug. 2022	Established Mazda Imasen Electric Drive Co., Ltd.
Oct. 2023	Moved from the Prime Market of the Tokyo Stock Exchange to the Standard Market.