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

-The company is a seat manufacturer. It is a member of the Honda Motor Group.
-The company manufactures seats and seat products for automobiles and motorcycles.

Recent Business Developments

-Sales for the fiscal year that ended in March 2017 were JPY 425,794 million, an 7.2% y/y increase. Honda accounted for 90.6% of sales.
-The Company forecasts that sales in the fiscal year ending in March 2018 will be JPY 435,000 million, which will be a 2.2% increase.

Shareholders

-Listed on the First Section of the Tokyo Stock Exchange. (As of Mar. 31, 2017)
Name or Company Name Investment Ratio (%)
Honda Motor Co., Ltd. 22.59
Japan Trustee Services Bank, Ltd. (Trust Account) 4.74
Mitsui Sumitomo Insurance Co., Ltd. 3.61
Japan Trustee Services Bank Ltd.
(Mitsui Asset Trust and Banking Company, Limited's retrust portion, Sumitomo Mitsui Banking Corporation retirement benefit trust account)
3.23
Sumitomo Life Insurance Company 2.85
Saitama Resona Bank, Ltd. 2.53
The Master Trust Bank of Japan, Ltd. (Trust Account) 2.52
Bridgestone Corporation 2.26
Taiyo Life Insurance Company Ltd. 2.06
Mitsubishi UFJ Trust and Banking Corporation 2.00
Total 48.39

Products

Automotive products
Front seats
Middle seats
Rear seats
Door trims
Roof trims
Trim covers

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.

Supplemental Information 1