TACHI-S Co., Ltd.

Company Profile

■URL

https://www.tachi-s.co.jp/en.html

■Address

1-3-1 Suehirocho, Ome-shi, Tokyo-to 198-0025 Japan

Business Overview

-A major, but still independent, automotive-seat manufacturer, designing, developing, manufacturing, and delivering automotive seats.

-Has operations in 66 locations in 11 countries such as in its main business divisions in Japan, China, North America, and Central and South America.

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange

(As of Mar. 31, 2024)

Name or company name	Investment ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)	15.05
The Custody Bank of Japan, Ltd. (Trust Account)	4.86
Individual shareholder	2.48
STATE STREET BANK AND TRUST COMPANY 505223 (Standing proxy Mizuho Bank, Ltd. Sales of Yen Settlements Department)	2.33
Sumitomo Mitsui Banking Corporation	2.17
Tachi-S Customer Stock Ownership Plan	2.05
STATE STREET BANK AND TRUST COMPANY 505103 (Standing proxy Mizuho Bank, Ltd. Sales of Yen Settlements Department)	1.55
SSBTC CLIENT OMNIBUS ACCOUNT (Standing proxy HSBC Bank Tokyo Branch Custody Department)	1.51
Kabushiki Gaisya Saito	1.49
Individual shareholder	1.48
Total	34.96

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Products

Seats
-Driver seat
-Rear seat
-Passenger seat
-Second seat
-Third seat
-Commercial vehicle seat

Mechanical Parts
-Manual recliner
-Thinner manual recliner
-Power recliner
-Thinner power recliner
-Round recliner
-Manual Track
-Manual Seat Track With Internal Lever
-Front-Mounted Motor Power Seat Track
-Manual lifter brake
-Power Lifter Motor
-Seat Back Latch
-Seat Cushion Latch
-Side frame

Trim covers
-Seat covers/Armrest covers
-Headrest covers

Technologies
-SoftShell
-3-D Quilting
-GlueAnchor

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History

Apr. 1954	Established Tachikawa Spring Ltd. in Tachikawa, Tokyo due to an organizational change to strengthen business foundation. This was a move to cope with the business expansion of Tachikawa Spring Works, a manufacturer and seller of precision springs and automotive seat components.
Sep. 1959	Transferred headquarters and plant to Akishimashi, Tokyo, the current location.
Apr. 1961	Spun off the precision spring division and established it as an independent company, Tachikawa Hatsujo (currently a consolidated subsidiary).
Apr. 1969	Established Ome City Plant in Omeshi, Tokyo.
Jun. 1969	Established Nihon Premaflex (currently Tachis Parts, a consolidated subsidiary) in Ome City, Tokyo.
Jan. 1973	Established Kyoritsu Welder (now transferred to Iruma-Shi, Saitama Pref.) in Shinagawa-ku, Tokyo.
Mar. 1973	Nissan Motors, Hino Motors, and Mitsubishi Motors bought into the Company.
Feb. 1976	Established Kinryo Kogyo (merged with Ikeda Bussan; currently a consolidated subsidiary) in Toyotsu-machi, Miyako-gun, Fukuoka Pref.
Jun. 1976	Established Osaka Branch (currently the Osaka sales office) in Nishi Yodogawa Ward, Osaka.
Aug. 1976	Established Tachikawa Kogyo in Omori-machi, Hiraka-gun, Akita Pref.
Oct. 1976	Bought into Fujiko Kogyo in Nagoya, Aichi Pref.
Apr. 1977	Established Aichi Plant in Anjou, Aichi Pref.
Sep. 1978	Acquired Nagoya Interior Ltd.
Jan. 1980	Established Musashi Plant in Iruma, Saitama Pref.
Feb. 1982	Established Tochigi Plant in Tochigi Pref.
Jun. 1982	Established Hiratsuka Plant in Hiratsuka, Kanagawa Pref.
Jun. 1983	Established Suzuka Plant in Mie Pref.
Sep. 1985	Established Hiratsuka No.1 Plant (currently Hiratsuka Plant).
Apr. 1986	Changed Company name to Tachis Co. Ltd.
Jun. 1986	Established Tachis Engineering USA, Inc. in Michigan, USA (currently a consolidated subsidiary).
Nov. 1986	Established Techno Trim Inc. (currently an affiliate) in Michigan, USA as a joint venture with Johnson Controls Inc.
Dec. 1986	Listed on the Second Section of the Tokyo Stock Exchange.
Sep. 1987	Established Seatechs Inc. in Ohio, USA (currently a consolidated subsidiary) as a joint venture with Johnson Controls.
Jan. 1989	Acquired Fujiko Kogyo Ltd.
May 1990	Established Hyperion Inc. (currently Hyperion Seating) in Tennessee, USA as a joint venture with Johnson Controls.
Mar. 1991	Established the Suzuka No. 2 Plant (currently the Suzuka Plant) in Suzuka City, Mie Prefecture.
Apr. 1991	Established Industrialde Asient Superial S. A. de C. V. (currently a consolidated subsidiary) in Aguascalientes, Mexico, as a joint venture with Mexico Nissan.
Mar. 1993	Established and concentrated the R&D division at the Tachis Technology Center in Ome City, Tokyo.
Aug. 1993	Shut down the Hiratsuka No. 2 Plant and integrated it into the No.1 Plant (currently the Hiratsuka Plant).
Mar. 1994	Shut down the Suzuka No.1 Plant and integrated it into the No. 2 Plant (currently the Suzuka plant) and the Aichi Plant.
Apr. 1995	Jointly with Shanghai Vehicle Awning & Cushioned Seat Factory, established Shaihai Taiye Auto Seat Co., Ltd. in Shanghai, China.
Aug. 1998	Opened Tachis Engineering Center Aichi in Anjo City, Aichi Pref.
Aug. 1998	Dissolved the capital tie-up with Nissan Motor, and formed a capital tie-up with Fuji Kiko (currently one of affiliates).
Jan. 2000	Established Thing Tech NC. in North Carolina, U.S.A.
Feb. 2000	Announced that the Company would close its Honsha Plant within a 2-year target period and instead, increase production volume at facilities in the U.S. and Mexico .
Mar. 2000	Tachis and Fuji Kiko, following capital and business tie-up agreements, started to supply jointly-developed seats to domestic car manufacturers, reducing cost and weight by 10% from the level of existing products.
Jun. 2000	Established a new car seat plant in Yokosuka City, responding to Nissan's production transfer to its Oppama Plant. The new plant will supply car seats for 12,000 units monthly.
Aug. 2000	Set up Oppama Plant in Yokosuka City, Kanagawa Pref.
Jan. 2001	Established a new seat cover sewing plant in Aguascalientes in central Mexico. As a result, production volume in Mexico accounted for 75% of the total output of North, Central, and South America.
Feb. 2001	Jointly with Xi'an Qinchuan Auto, established a seat manufacturing company in Xi'an City, China. The two parties invested capital of 47.5% each. Asahi Trading invested the remaining 5%. It was the Company's second production site in China. Expected output is 10,000 units for the first year, and 50,000 units eventually.
Mar. 2001	Opened Shanghai Office in Shanghai, China.
Mar. 2001	-Thing Tech, TachiS's American subsidiary, announced that it would start commercial production of school bus seats based on the completely synchronized production system" to supply to Thomas Built Buses, Inc, a major school bus manufacturer in the U.S., expecting to become its only supplier by 2001. -Announced that the Company would establish a car seat parts manufacturing plant on a site adjacent to the Hiratsuka Plant, setting up an integrated production system in Hiratsuka.
May, 2002	Transferred the headquarters site.
Jun. 2002	Established Kanazawa office in Matto city, Ishikawa Pref. Closed down the headquarters plant.
Dec. 2002	Dissolved capital alliance with Mitsubishi Motors.
Feb. 2003	Established Tachi-S Taicang Co., Ltd in Taicang, Jiangsu Province, China
Mar. 2003	Listed on the first section of the Tokyo Stock Exchange.
Aug. 2003	Sold its shares in Shanghai Taiye Seat Co., Ltd. to its joint-venture partner.
Mar. 2004	Established Fuji Autotech U.S.A. LLC, which is a joint venture with Fujikiko USA in Kentucky, U.S.A.
Apr. 2004	Established TS Design Co., Ltd. in Ome-city, Tokyo (currently a non-consolidated subsidiary).
Sep. 2004	Established Tachi-S Canada Ltd. in Nova Scotia, Canada (currently a consolidated subsidiary).
Sep. 2004	Established Setex Canada GP (a joint venture with Johnson Controls Inc.) in Ontario, Canada (currently a consolidated subsidiary).
Oct. 2004	Established Tachi-S Engineering Europe S.A.R.L in Velizy-Villacoublay, France (a non-consolidated subsidiary).
Nov. 2004	Established Tacle Guangzhou Automotive Seat Co., Ltd. (a joint venture with Dongfeng Lear Automotive Seat Co. and Hsin Chong International Investment Co.) in Guangzhou, Guangdong, China (currently a non-consolidated subsidiary).
Jan. 2005	Established Fuji Autotech Guangzhou Co., Ltd. (a joint venture with Fuji Kiko Co., Ltd. and Shanghai Min Fang Auto Parts Co., Ltd.) in Guangzhou, Guangdong, China (currently a non-consolidated subsidiary).
Sep. 2005	Established Tacle Seating UK Limited (a joint-venture with Lear Luxembourg S.A.R.L.) in Tyne and Wear, U.K.; which is currently a consolidated subsidiary.
Dec. 2005	Established Tacle Seating U.S.A. LLC (a joint-venture with Lear Operations Corporation) in Tennessee, U.S.A; which is currently a consolidated subsidiary.
Jul. 2006	Established Nui Tec Corporation, a controlling company of the Company's sewing businesses. (Currently it is one of the Company's consolidated subsidiaries.)
Nov. 2006	Formed a business tie-up with Kasai Kogyo Co., Ltd.
May, 2007	Nui Tec Corporation (currently a consolidated subsidiary) merged with Tachikawa Kogyo and Fujiko Kogyo.
Dec. 2008	Closed Oppama plant.
May, 2010	Formed commercial alliance with Johnson Controls Inc.
Jun. 2010	Invested in Johnson Controls Inc., making a capital tie-up.
Sep. 2011	Established TACHI-S (Thailand) Co., Ltd. (current consolidated subsidiary) in Bangkok, Thailand.
Sep. 2011	Established PT.TACHI-S Indonesia (current consolidated subsidiary) in Karawang, Indonesia.
Apr. 2012	Established a Technology and Product-creation Center in Ome City, Japan.
May 2012	Established Tachi-S Engineering Latin America, S.A. de C.V. in Aguascalientes, Mexico; which is currently a consolidated subsidiary
Aug. 2012	Closed the TACHI-S Technical Center.
Sep. 2012	Established Setex Automotive Mexico S.A. de C.V. in Guanajuato, Mexico; which is currently a consolidated subsidiary.
Jul. 2013	Established TACHI-S Lear DFM Automotive Seating (Xiangyang) Co. Ltd. (current consolidated subsidiary) in Xiangyang, Hubei, China.
Oct. 2013	Established TACHI-S Trim Wuhan Co., Ltd. (current consolidated subsidiary) in Wuhan, China.
Apr. 2014	Turned TACLE Seating U.S.A. LLC and TACLE Seating Thailand Co., Ltd. into wholly owned subsidiaries, changing their names to TACHI-S Automotive Seating U.S.A. LLC and TACHI-S Automotive Seating (Thailand) Co., Ltd., respectively.
Mar. 2016	Turned Tachikawa Hatsujou Co., Ltd. into a wholly owned subsidiary.
Mar. 2017	Formed commercial alliance with Toyota Boshoku
Oct. 2017	Acquired all the stock shares in TF-METAL and turned it into a subsidiary, after TF-METAL became the successor company through absorbing and spinning off the seat business of Fuji Kiko.
Jan. 2018	Tachikawa Hatsujou Co., Ltd. merged TACHI-S Parts Co., Ltd. and changed to TACHI-S H&P Co., Ltd.
Apr. 2019	Established Hunan TACHI-S Automotive Seating Co., Ltd. in Changsha, Hunan Province, China, a consolidated subsidiary through the acquisition of shares.
Dec. 2019	Established a subsidiary in Jiashan County, Zhejiang Province.
Apr. 2022	Moved from the First Section of the Tokyo Stock Exchange to the Prime Market due to the TSE's reorganization.
Oct. 2022	Merger of Zhejiang TACHI-S Automotive Parts Co., Ltd and Zhejiang Fu Chong Tai Automotive Parts Co., Ltd. into operations of TF-METAL Zhejiang Co., Ltd.
Dec. 2022	Closed Hiratsuka production plant and transferred operations to the Musashi production plant. Relocated the home office to the Engineering & Product Creation Center.

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