TS Tech

Basic Information

Stock Code
7313
Industry
Transportation Equipment
Category Detail
Auto Parts
Prefecture
Saitama Prefecture
Establishment Year
December 1960
Listing Year
February 2007
Official Website
https://www.tstech.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Toyota Boshoku, Seiren, Nishikawa Rubber, Unipres, JTEKT, ToPre, Nippa, Tachies, Taiheiyo Industrial, Exedy, Toyoda Gosei, Murakami Kaimeido

Overview

TS Tech is a major manufacturer of automotive seats and interior parts founded in 1960, serving as a leading company supplying interior and exterior components backed by an extensive global network and advanced technological capabilities.

Current Situation

TS Tech recorded consolidated sales of approximately 350 billion yen and operating profit of approximately 23 billion yen for the fiscal year ended March 2022, maintaining a stable business foundation. In its core automotive seat parts business, it supplies multiple automakers including Honda Motor Co., Ltd., with production bases in more than 14 countries domestically and internationally to ensure competitiveness. In recent years, it has also been developing new fields such as medical chairs, pursuing improved profitability through technological innovation and product diversification. While promoting reduced environmental impact, it maintains an efficient global production system, aiming for market share expansion and growth in emerging markets. In 2020, it expanded its business scope through the acquisition of a subsidiary, strengthening diversification. Moving forward, it will continue developing high-functionality and lightweight products, contributing to improved environmental performance of automobiles while aiming for sustainable growth. Intensifying competition and fluctuations in international conditions pose risks, but it enhances its response capabilities through years of technological accumulation and networks.

Trivia

Interesting Facts

  • Formerly known as Tokyo Seat Co., Ltd.
  • Equity-method affiliate of Honda Motor
  • Global company with production bases in 14 countries worldwide
  • Rare interior parts manufacturer also handling motorcycle seats
  • Established a hardball baseball team in 2020 for social contribution activities
  • Leading the industry in adopting environmentally friendly materials
  • 6 domestic factories and over 8 overseas
  • Pursuing business diversification through subsidiary acquisitions
  • Traditionally strong trading relationship with Honda Motor
  • High technological capability to design seats for diverse vehicle types
  • Actively advancing development of medical and welfare chairs
  • Developing electronic components for high-performance seats
  • Among Japan's automotive seat manufacturers, it is top-class in scale
  • Products adopted from kei cars to luxury vehicles
  • Maintains high customer satisfaction with robust quality management

Hidden Connections

  • Deep management collaboration as an equity-method affiliate of Honda Motor
  • Strengthening ties with Yamaha Motor and Kawasaki Heavy Industries through motorcycle seat parts supply
  • Technical exchanges with Paramount Bed in medical chair business
  • Joint research with materials manufacturers on eco-friendly material development
  • Built logistics collaboration with Hitachi Astemo group suppliers
  • Actively collaborating in the industry with partners JTEKT and Unipres
  • Patent-protected proprietary manufacturing technology licensed to multiple partners
  • Japan's technical center also contributing to in-vehicle ECU development

Future Outlook

Growth Drivers

  • Increasing demand for seat technology in EVs and autonomous vehicles
  • Growth in lightweight technology due to stricter environmental regulations
  • Rising auto sales in overseas emerging markets
  • Introduction of new materials enhancing comfort and safety
  • Further efficiency in global production system
  • Expansion in medical and welfare products
  • Growing demand for in-vehicle IoT-integrated products
  • Advances in multi-function seat development technology
  • Active adoption of resource-saving and circular materials
  • Production system flexible to customer needs

Strategic Goals

  • Achieve global sales of 500 billion yen
  • Environmentally friendly products to account for over 70% of sales
  • Carbon neutrality at all production bases
  • Strengthen medical/welfare chair business for new market development
  • Develop smart seats utilizing advanced technology
  • Achieve 20% improvement in domestic and international production efficiency
  • Strengthen risk diversification in supply chain
  • Enhance employee technical and safety education
  • Expand sustainable procurement and environmental protection activities
  • Improve ESG rating for enhanced corporate value

Business Segments

Automotive Interior Parts Manufacturing

Overview
Supplies high-quality seats and interior/exterior parts to major automakers domestically and internationally.
Competitiveness
Responds to customer needs with global production bases and advanced development capabilities
Customers
  • Honda Motor
  • Toyota
  • Suzuki
  • Yamaha Motor
  • Kawasaki Heavy Industries
  • Nissan
  • Mazda
  • Volkswagen
Products
  • Four-Wheel Vehicle Seats
  • Motorcycle Seats
  • Door Trim
  • Dashboard Parts
  • Seat Frames
  • Seat Adjusters
  • Airbag Covers

Medical and Welfare Chair Manufacturing

Overview
Provides chairs emphasizing functionality and safety in the medical and welfare fields.
Competitiveness
High-functionality seat development capabilities applying automotive technology
Customers
  • Hospital Equipment Manufacturers
  • Nursing Homes
  • Rehabilitation Centers
  • Medical Device Distributors
Products
  • Medical Rotating Chairs
  • Rehab Chairs
  • Nursing Assist Seats

Seat-Related Parts Development and Sales

Overview
Performs advanced design and supply of seat structures and safety-related parts.
Competitiveness
Integrated production system as a comprehensive seat manufacturer
Customers
  • Automotive Parts Manufacturers
  • Parts Distributors
  • Car Accessory Manufacturers
Products
  • Seat Rails
  • Seat Heaters
  • Seat Belt Parts
  • Electric Motors

Logistics Services

Overview
Operates an efficient domestic and external parts logistics network.
Competitiveness
Logistics optimization through group collaboration
Customers
  • Group-Related Companies
  • Automakers
  • Parts Distributors
Products
  • Parts Delivery
  • Inventory Management Support
  • Logistics Efficiency Services

R&D Support Services

Overview
Provides cutting-edge technology research and evaluation to support new product creation.
Competitiveness
Enhanced development capabilities through fusion of in-house technology and customer collaboration
Customers
  • Automakers
  • Parts Manufacturers
  • Technical Research Institutions
Products
  • Seat Technology Development Support
  • Safety Evaluation
  • Materials Research

Environmentally Friendly Product Manufacturing

Overview
Designs and provides parts with a focus on reducing environmental impact.
Competitiveness
Integration of materials technology and eco-friendly design
Customers
  • Automakers
  • Environmental Technology Manufacturers
Products
  • Recycled Material Parts
  • Lightweight Seat Structures
  • Energy-Saving Products

Overseas Local Production and Sales Support

Overview
Strengthens production and sales networks in overseas markets for quick response.
Competitiveness
Market adaptability leveraging production bases in over 14 countries
Customers
  • Global Automakers
  • Overseas Subsidiaries
  • Partner Companies
Products
  • Local Seats
  • Local Logistics Management
  • Market Research Support

Quality Control and Safety Inspection

Overview
Provides a series of inspection services to meet stringent quality standards.
Competitiveness
Industry-leading technical inspection equipment
Customers
  • Automakers
  • Related Parts Manufacturers
Products
  • Durability Testing
  • Safety Testing
  • Quality Management Solutions

Seat Value-Added Services

Overview
Provides advanced value-added services tailored to customer needs.
Competitiveness
Versatile customization capabilities
Customers
  • Automakers
  • After-Services Providers
Products
  • Personalized Seats
  • Comfort Feature Additions
  • Maintenance Services

Parts Center Operations

Overview
Builds and operates efficient parts supply chains.
Competitiveness
High-efficiency operations through automation and IT management
Customers
  • Group Outsourcing Partners
  • Secondary Traders
  • Sales Agents
Products
  • Parts Storage Services
  • Supply Management Services

Technical Education and Talent Development

Overview
Focuses on talent development to cultivate next-generation engineers.
Competitiveness
Proven educational expertise and systematic training
Customers
  • Group Employees
  • Related Companies
Products
  • Technical Training Programs
  • Safety Education
  • Leadership Development

Environmental and Safety Support Services

Overview
Performs evaluation and support for environmental and safety management.
Competitiveness
Compliance system exceeding industry standards
Customers
  • Related Companies
  • Local Communities
Products
  • Environmental Audits
  • Safety Management
  • Compliance Support

Competitive Advantage

Strengths

  • Advanced seat development technology
  • Global production network
  • Strong relationship with Honda Motor
  • Diverse product lineup
  • Efficient manufacturing processes
  • Abundant overseas production bases
  • Medical seat development technology
  • Years of industry experience
  • Sustainable production system
  • Advanced quality management system
  • Strong customer base
  • Leadership in adopting latest technologies
  • Broad response to customer needs
  • Continuous technological innovation
  • High production efficiency

Competitive Advantages

  • High development capabilities and expertise specialized in automotive seats
  • Supply stability from manufacturing bases in over 14 countries globally
  • Strong trust relationship as an equity-method affiliate of Honda Motor
  • Diversified product range from motorcycle seats to medical chairs
  • Utilization of energy-saving and lightweight technologies with environmental consideration
  • Rapid development of products compliant with latest automotive safety standards
  • Reduced environmental impact through adoption of sustainable materials
  • Organizational structure flexible to global market needs
  • High-quality production lines with cost competitiveness
  • Strong brand power and customer loyalty
  • Improved manufacturing efficiency through advanced automation and IT utilization
  • Extensive sales channels to multinational customers
  • Stable investment capacity backed by solid financial foundation
  • Technology balancing product safety and comfort
  • Rapid product improvements through global technology information sharing

Threats

  • Impact on parts exports from international trade friction
  • Fluctuations in parts demand due to rapid EV shift
  • Intensifying global parts price competition
  • Risk of rising raw material costs
  • Increased manufacturing costs from labor cost hikes
  • Political risks in overseas local production systems
  • Intensified competition from new entrants
  • Supply chain disruptions from geopolitical risks
  • Increased burden of technology compliance from stricter environmental regulations
  • Profit impact from exchange rate fluctuations
  • Risk of production cuts by customer automakers
  • Delays in responding to pace of technological innovation

Innovations

2024: Next-Generation Lightweight Seat Technology Development

Overview
Successfully developed seats using high-strength, lightweight new materials.
Impact
Contributes to improved vehicle fuel efficiency

2023: In-Vehicle IoT-Compatible Smart Seat Introduction

Overview
Optimizes seating comfort and safety using sensors.
Impact
Enhanced user experience and safety

2022: Automation Equipment Enhancement at Overseas Bases

Overview
Introduced latest robots at factories in North America, China, etc.
Impact
20% improvement in production efficiency

2021: New Medical Chair Model Launch

Overview
Developed new design chair further enhancing patient comfort.
Impact
High evaluation from medical institutions

2020: Introduction of Eco-Friendly Recycled Materials

Overview
Significantly increased use of recycled materials in seats and interior parts.
Impact
Contributes to CO2 emission reductions

Sustainability

  • グリーン調達率向上（2030年目標80%）
  • 製造工程のCO2排出削減
  • 廃棄物リサイクル率90%以上の維持
  • 環境教育プログラムの展開
  • 地域環境保全活動への参画
  • 電力自給率向上のため再生可能エネルギー導入
  • エコ素材・軽量化技術の継続開発
  • グリーン物流体制の構築
  • ISO14001認証維持・更新
  • サプライヤーの環境基準遵守支援
  • ペーパーレス化推進による資源節約
  • 安全衛生管理の強化