TACHI-S

Basic Information

Stock Code
7239
Industry
Transportation Equipment
Category Detail
Auto Parts
Prefecture
Tokyo
Establishment Year
April 1954
Listing Year
December 1986
Official Website
http://www.tachi-s.co.jp/
TSE Information
TSE Information
Yahoo! Finance
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Overview

TACHI-S is an independent automotive parts manufacturer founded in 1954, primarily producing automotive seats, leveraging its high technological capabilities both in Japan and overseas to supply products to a diverse range of automakers.

Current Situation

TACHI-S recorded consolidated sales of 292.9 billion yen for the fiscal year ending March 2024, with aggressive expansion into overseas markets such as China, Thailand, and Mexico, in addition to major clients like Honda and Nissan. Centering on automotive seats, the company focuses on developing high-quality products using its proprietary technologies. Since the 2000s, it has established overseas joint ventures to strengthen its global supply system. In 2022, it transitioned to the Tokyo Stock Exchange Prime Market and relocated its headquarters to Ome City, promoting organizational reforms. It holds subsidiary TF-METAL under its umbrella to expand the seat business. The company is also engaged in sustainability efforts, challenging to reduce environmental impact. In recent years, it has strengthened research and development by establishing a technical center and opening an Advanced Technology Center. Moving forward, it plans to respond to the increasingly diverse automotive market by enhancing product development in electrification and safety improvement technologies.

Trivia

Interesting Facts

  • Originally part of the Nissan Motor Group.
  • Large-scale company with over 10,000 employees domestically and overseas.
  • Acquisition of TF-METAL improved seat business production technology.
  • Numerous joint ventures in Hubei Province, China, Mexico, and elsewhere.
  • Leading track record as a specialist automotive seat manufacturer in the transportation equipment industry.
  • Long-term primary supplier of seats to Honda and Nissan.
  • Focuses on R&D of special materials to improve safety and comfort.
  • Accelerated Southeast Asian market entry with 2017 TF-METAL acquisition.
  • Possesses research technical center in Ome City, Japan, advancing technological innovation.
  • Holds proprietary technology in electric adjustment seat field.
  • Competitive and collaborative relationship with peer Adient in some parts supply.
  • Originally founded as Tachikawa Spring Manufacturing in Tachikawa City.
  • High recognition as a Nikkei 225-related stock.
  • Listed on the Tokyo Stock Exchange for over 30 years.
  • Emphasizes employee education and safety and health activities.

Hidden Connections

  • Shares manufacturing blueprints with Adient through joint production in China and U.S. markets.
  • Deep cooperative relationship maintained with Nissan as primary client even after separation.
  • Seat business strengthened through acquisition of Fuji Kiko's seat operations.
  • Factory geographical distribution efficiently considers automotive parts supply chain.
  • Reliability as automotive parts supplier recognized domestically and overseas.
  • Collaborates with domestic and overseas organizations on product safety standard compliance.
  • Emphasizes user experience-focused design methods in product development process.
  • Contributes to regional revitalization through close cooperation with local governments.

Future Outlook

Growth Drivers

  • Recovery and stable growth of global automotive market
  • Expanding demand for new technologies with EV and hybrid vehicle普及
  • Increasing needs for safety performance-enhanced product development
  • Growing demand in emerging markets like ASEAN and China
  • Expanded market introduction of environmentally regulation-compliant products
  • Trend toward improved comfort in automotive interiors
  • Expanded adoption of electric and smart seat technologies
  • Increasing demand for high-durability and high-function seat materials
  • Cost reduction effects from supply chain optimization
  • Manufacturing efficiency improvements through digitalization

Strategic Goals

  • Achieve environmental consideration standards across all product lines
  • Maintain and further expand overseas sales ratio above 40%
  • Establish industry leadership in safety performance field
  • Expand market introduction of electric and smart seat technologies
  • Increase R&D investment to over 10% of annual sales
  • Realize sustainable production system and strengthen supply chain
  • Expand product lineup for diverse markets
  • Enhance technology and management capabilities through employee development
  • Strengthen collaboration with overseas joint venture companies
  • Promote standard equipping of advanced safety technologies

Business Segments

Automotive Seat Manufacturing

Overview
Supplies high-quality seats to automakers and expands production and logistics globally.
Competitiveness
Manufacturing bases spanning Japan and overseas with advanced integrated production system
Customers
  • Honda
  • Nissan Motor
  • Toyota Motor
  • Mitsubishi Motors
  • Hino Motors
  • Suzuki
  • Mazda
  • Local automakers (China, Thailand)
  • Mexico local factories
  • OEM companies
Products
  • Passenger car seats
  • Commercial vehicle seats
  • Electric adjustment seats
  • High-durability seat parts
  • Safety belt systems
  • Airbag-compatible parts
  • Custom seat materials
  • Assembly line solutions
  • Quality control systems
  • Logistics packaging

Overseas Market Development and Local Production

Overview
Builds production and sales systems at overseas bases to supply products adapted to local markets.
Competitiveness
Joint ventures in each country enabling responses tailored to regional characteristics
Customers
  • Chinese joint venture partners
  • Thai joint venture companies
  • Mexico local sales companies
  • North American automakers
  • South American automakers
  • Local logistics providers
  • Regional dealers
  • Local parts suppliers
Products
  • Overseas specification seats
  • Local production support
  • Local parts procurement
  • Quality control support
  • Production line technology
  • Export management
  • Local adjustment services
  • Market-adaptive products

Automotive Interior Parts Supply

Overview
Provides a wide range of interior parts beyond seats to meet automakers' needs.
Competitiveness
High-quality, short-lead-time supply through integrated production system
Customers
  • Automotive parts manufacturers
  • Automotive assembly plants
  • Interior specialist suppliers
  • Safety parts manufacturers
  • Quality inspection agencies
  • Design consultants
Products
  • Seat belt parts
  • Dashboard parts
  • Interior trim
  • Safety cushions
  • Technology development support
  • Standard parts supply

Technology Development and Research Support

Overview
Strength in product development support using latest technologies and advancing safety and environmental technologies.
Competitiveness
Practical research functions linked with in-house technical center
Customers
  • Automaker technology departments
  • New material developers
  • Safety technology labs
  • Environmental technology developers
  • Major parts manufacturers
Products
  • New material seat development
  • Safety performance evaluation
  • Comfort enhancement technology
  • Environmentally responsive design
  • Technology consulting
  • Test equipment provision

Logistics and Procurement Services

Overview
Builds efficient parts supply chain and optimizes delivery and storage.
Competitiveness
Stable supply system through global network
Customers
  • Automaker logistics departments
  • Parts trading companies
  • Overseas logistics providers
  • Warehouse management companies
  • Local procurement staff
Products
  • Parts logistics management
  • Procurement agency
  • Overseas shipping support
  • Quality-controlled logistics
  • Inventory management solutions

Joint Venture Operation Services

Overview
Supports smooth operations of joint ventures to achieve productivity improvements.
Competitiveness
Global management know-how and strong domestic foundation
Customers
  • Domestic and overseas joint venture partners
  • Local management teams
  • Investors
  • Related companies
Products
  • Management support
  • Production management
  • Financial accounting
  • Talent development
  • Quality control

Safety Device Manufacturing and Sales

Overview
Provides product lineup contributing to vehicle safety improvements.
Competitiveness
High-quality products from fusion of safety and manufacturing technologies
Customers
  • Automotive parts manufacturers
  • Safety equipment handlers
  • Automaker safety departments
Products
  • Airbag-related parts
  • Safety cushion products
  • Seat belt linked devices

Special Material Supply

Overview
Provides advanced functional materials contributing to product durability improvements.
Competitiveness
Proprietary high-function material technology
Customers
  • Material manufacturers
  • Manufacturing companies
  • Research institutions
Products
  • Special foam for seats
  • Heat-resistant materials
  • Durability-enhanced materials

Business Consulting

Overview
Leverages industry experience to support company growth.
Competitiveness
Advice backed by extensive industry knowledge and track record
Customers
  • Small and medium auto parts companies
  • Regional industry support organizations
  • Investors
Products
  • Management improvement support
  • Sales channel expansion support
  • Technical guidance

Environmentally Responsive Seat Products

Overview
Strengthens product development and provision for environmental regulations.
Competitiveness
R&D system specialized in reducing environmental impact
Customers
  • Eco-vehicle manufacturers
  • Eco-car specialists
  • Government certification agencies
Products
  • Recycled material seats
  • Low-VOC seats
  • Lightweight materials

Custom Seat Design

Overview
Conducts individual design and manufacturing based on customer requests.
Competitiveness
High design flexibility and quality control technology
Customers
  • Sports car manufacturers
  • Luxury car dealers
  • Custom vehicle manufacturers
Products
  • Made-to-order seats
  • Sporty seats
  • High-performance cushions

Parts Maintenance and Service

Overview
Provides parts supply and maintenance support for long-term use.
Competitiveness
Rapid supply network and technical support
Customers
  • Auto repair shops
  • Maintenance service companies
  • Used car dealers
Products
  • Periodic maintenance parts provision
  • Repair replacement parts
  • Quality assurance services

Competitive Advantage

Strengths

  • High technological capabilities unique to independent manufacturers
  • Abundant domestic and overseas production bases
  • Stable transactions with major automakers
  • Comprehensive integrated production system
  • Diverse product portfolio
  • Global market expansion capabilities
  • Accumulated expertise in automotive seats over many years
  • Regionally rooted management foundation
  • Active investment in environmental technologies
  • Rapid customer response
  • Advanced safety technology development capabilities
  • Brand recognition improvement
  • Robust supply chain
  • Global communication capabilities in multiple languages
  • Development of innovative cushion materials

Competitive Advantages

  • Multiple production bases domestically and overseas ensure high production safety
  • Strong transaction relationships with major clients including Honda and Nissan
  • Production capacity enhancement through synergy with subsidiary TF-METAL
  • Flexible market responses via local joint ventures in Asia and North America
  • Able to provide high-function seat products using proprietary technologies
  • High reliability through stringent quality control and integrated production
  • Advancing R&D of eco-materials compliant with environmental regulations
  • Maintaining market competitiveness with superior safety performance seat development
  • Risk diversification through diverse business portfolio
  • Active deployment and product integration of latest electric and control technologies
  • Meeting diverse customer needs with extensive product lineup
  • Enhanced global quality assurance system
  • Continuous innovation through collaboration with technical center
  • Sustainable management backed by stable financial base
  • Rapid adaptation to market changes and shortened product development periods

Threats

  • Shifts in demand due to global automotive industry's electrification and EV transition
  • Political and economic risks at overseas production bases
  • International fluctuations in parts prices
  • Rising compliance costs from strengthened environmental regulations
  • Intensified competition from new entrants
  • Production and logistics disruptions from pandemics etc.
  • Rising raw material prices and supply instability
  • Profit fluctuations from exchange rate risks
  • Competitiveness decline from delays in new technology development
  • Brand risks from quality issues
  • Market fluctuation impacts due to high customer dependency
  • Supply chain disruption risks from global environmental changes

Innovations

2022: Opening of Advanced Technology Center

Overview
Newly established cutting-edge technology development and testing center in Ome City to strengthen research system.
Impact
Improved new product development speed and enhanced competitiveness

2023: Advanced Electric Power Seat Control Technology

Overview
Improved fine-adjustment technology for electric seats to enhance user comfort.
Impact
Successful market differentiation and expanded adoption

2020: Adoption of New Durable Materials

Overview
Developed and adopted new materials balancing environmental impact reduction and durability enhancement.
Impact
Contributed to product lifespan extension and cost reduction

2021: Improvement of Seat Production Technology at Overseas Joint Ventures

Overview
Introduced latest production lines at joint venture factories in China and Thailand to enhance quality.
Impact
Improved overseas product quality and expanded market share

2024: Development of Vehicle Safety-Linked Seat Technology

Overview
Equipped seat control technology linked with airbags and impact absorption functions.
Impact
Gained high evaluations in safety performance

Sustainability

  • Promotion of active use of recycled materials
  • Implementation of CO2 emission reduction programs at factories
  • Formulation of product design guidelines aimed at reducing environmental impact
  • Strengthened environmental audits of domestic and overseas supply chains
  • Regular environmental education training for employees
  • Promotion of waste reduction and effective resource utilization
  • Introduction of low-environmental-impact logistics systems
  • Ensuring transparency through regular environmental reports
  • Expansion plans for green energy adoption
  • Promotion of sustainable parts procurement
  • Strengthened in-house activities with awareness of corporate environmental responsibility