Imasen Electric Industrial Co., Ltd.
Basic Information
- Stock Code
- 7266
- Industry
- Transportation Equipment
- Category Detail
- Auto Parts
- Prefecture
- Aichi Prefecture
- Establishment Year
- February 1939
- Listing Year
- December 1996
- Official Website
- https://www.imasen.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
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Overview
Imasen Electric Industrial Co., Ltd. is an independent automotive parts manufacturer founded in 1939, primarily supplying products centered on seat components to Honda and Mitsubishi Motors, and also expanding into medical equipment and aircraft parts as a global company.
Current Situation
Imasen Electric Industrial Co., Ltd. is a company centered on manufacturing and sales of automotive parts, with consolidated sales of approximately 112 billion yen and about 4,580 employees for the fiscal year ended March 2020. Its flagship product, seat adjusters, is mainly supplied to Honda and Mitsubishi Motors, maintaining stable orders backed by high technological capabilities. For product diversification, it is developing the motor-free walking aid 'aLQ,' medical devices and equipment, and aircraft parts. Recently, in 2020, it formed a capital and business alliance with major automotive seat manufacturer T.S. Tech, with expectations for accelerated next-generation seat development. Quality management based on ISO certifications and environmental standards compliance is advancing, and it is also working to contribute to local society. In 2023, it shifted its market segment from Prime Market to Standard Market to promote management efficiency. Moving forward, it aims for sustainable growth with a focus on strengthening global expansion and new technology development.
Trivia
Interesting Facts
- Successfully achieved domestic production of Japan's first electric horn in its early founding days.
- The motor-free walking aid 'aLQ' is the world's first product targeted at healthy individuals.
- Long-term major supplier of seat parts to Honda.
- Possesses multiple domestic production bases in Inuyama City, Aichi Prefecture.
- Holds numerous certifications including ISO9001, QS-9000, and ISO14001.
- Deploys production and sales bases in Asia, North America, and Europe.
- Established manufacturing base in Tennessee, USA in 2010 to strengthen North American presence.
- Entered medical equipment parts manufacturing to pursue business diversification.
- Established German branch in Frankfurt, Germany.
- Strengthened collaboration with seat giant T.S. Tech through capital alliance.
Hidden Connections
- Honda Motor Co., Ltd. is one of the major shareholders with a strategic partnership.
- Key core parts supplier within Japan's automotive industry cluster.
- Tight collaboration with major automakers despite being independent without a parent company.
- Entry into medical equipment business forms revenue base distinct from automotive operations.
- Deepened relationships with local vehicle manufacturers through overseas factory establishments.
- Pursues diversified management through numerous affiliates like Toyo Aviation Electronics.
- Owns dedicated R&D and training center in Inuyama City, Aichi Prefecture, focusing on technical education.
- Applies semiconductor and electronic component manufacturing technology to industries beyond automotive.
Future Outlook
Growth Drivers
- Recovery and expansion of global automotive production.
- Increasing demand for seat technology compatible with electric vehicles and autonomous driving.
- Market expansion of welfare equipment due to aging society.
- Business diversification into medical and aviation fields.
- Strengthening of environmentally friendly products and energy-saving manufacturing technology.
Strategic Goals
- Maintain seat-related business sales ratio above 50%.
- Expand sales and diversify medical and aviation parts business.
- Thorough sustainability management including environmental impact reduction.
- Improve production efficiency at overseas bases and strengthen local needs response.
- Enhance investments in new products and technologies to bolster competitiveness.
Business Segments
Automotive Seat Parts Manufacturing
- Overview
- Mainly designs and manufactures automotive seat-related parts.
- Competitiveness
- High-precision seat adjustment parts development capabilities
- Customers
-
- Honda
- Mitsubishi Motors Corporation
- Nissan Motor Corporation
- Suzuki
- Mazda
- Toyota Motor Corporation
- Products
-
- Seat Adjusters
- Reclining Adjusters
- Slide Adjusters
- Seat Belt Parts
Electronic Control Devices
- Overview
- Handles manufacturing of electronic components for automotive, medical, and aviation fields.
- Competitiveness
- Multi-purpose relay design technology
- Customers
-
- Automotive manufacturers
- Medical equipment manufacturers
- Aircraft manufacturers
- Electronic parts trading companies
- Products
-
- Relays
- Connectors
- Electronic control units
- Horns
Medical Equipment Parts Supply
- Overview
- Provides high-performance parts and products for medical and care equipment.
- Competitiveness
- Motor-free walking support technology
- Customers
-
- Medical equipment manufacturers
- Care equipment manufacturers
- Hospitals and welfare facilities
- Products
-
- Medical electronic components
- Walking support devices
- Wheelchair parts
Aircraft Parts Manufacturing
- Overview
- Stably supplies highly reliable electrical components for aircraft.
- Competitiveness
- Superior environmentally durable parts design
- Customers
-
- Aircraft manufacturers
- Defense-related companies
- Products
-
- Aircraft electrical relays
- Control parts
Overseas Production and Sales
- Overview
- Local supply services via global production bases.
- Competitiveness
- Multinational production management system
- Customers
-
- Overseas automakers
- Local parts trading companies
- Products
-
- Local seat parts
- Electronic parts
Competitive Advantage
Strengths
- High technological capabilities as an independent automotive parts manufacturer
- Stable supply of high-quality parts to Honda and Mitsubishi Motors
- Broad product lineup and diversified business expansion
- International manufacturing bases and established supply chain
- Strength in quality management system with ISO certifications
- Business expansion into medical and aviation fields for diversification
- Strengthened collaboration with industry giants through capital alliances
- Innovative product development such as motor-free walking aids
- Comprehensive network of factories in Japan and overseas
- Initiatives for sustainable production and environmental consideration
Competitive Advantages
- Design and development capabilities for high-precision seat adjustment parts
- Long-term supply track record to major industry customers
- Risk diversification through diverse product range
- Enhanced overseas production infrastructure and local responsiveness
- Advanced technology in electrical components for medical and aviation fields
- Promotion of technological innovation leveraging capital and business alliances
- Reliability from ISO9001 and 14001 certifications
- Custom manufacturing tailored to industry needs
- High evaluation for product durability and safety
- Global sales channel development
Threats
- Changes in parts demand due to electrification of automotive industry and EV shift
- Risk of prolonged global semiconductor shortages
- Potential profit deterioration from exchange rate fluctuations
- Risk of transaction fluctuations with major automakers
- Political instability and regulatory risks at overseas production bases
- Intensified competition from new entrants and alternative technologies
- Risk of rising prices for natural resources and materials
- Cost increases from strengthened environmental regulations
- Impact of infectious disease outbreaks such as COVID-19
- Dependence on major customers with credit risk aspects
Innovations
2023: Launch of Motor-Free Walking Aid 'aLQ (Aruku)'
- Overview
- Developed and market-launched a motor-free walking aid that reduces physical burden.
- Impact
- Addresses needs of aging society and opens new markets.
2020: Capital and Business Alliance with T.S. Tech
- Overview
- Strengthened collaboration in automotive seat field to advance next-generation seat development.
- Impact
- Achieves advancement in seat technology and improved market competitiveness.
2022: Development of New Electric Wheelchair Model
- Overview
- Developed lightweight, easy-to-handle electric wheelchair model and expanded into welfare market.
- Impact
- Contributes to increased sales in welfare equipment business.
2021: Advancement of Digitalization in Manufacturing Processes
- Overview
- Promoted smart factory initiatives to improve production efficiency and quality management.
- Impact
- Achieved shortened production lead times and stabilized quality.
2024: Expansion of Environmentally Friendly Material Adoption
- Overview
- Actively introduced recyclable materials in products to reduce environmental impact.
- Impact
- Gains customer trust through sustainable product development.
Sustainability
- Thorough environmental management based on ISO14001
- Improvement of energy efficiency in manufacturing processes
- Setting targets to improve waste recycling rate
- Support activities for environmental education in local communities
- Product design aimed at reducing environmental impact