TACHI-S CO.,LTD.
7239・Prime Market・Transportation Equipment
Japan
Core segment manufacturing and selling automotive seats for domestic automakers
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥108,559 million | ¥115,502 million | ↓ |
| Operating Income | ¥6,153 million | ¥6,797 million | ↓ |
| Segment Assets | ¥123,480 million | ¥123,518 million | — |
| Depreciation and Amortization | ¥1,894 million | ¥2,026 million | ↓ |
| Increase in Property, Plant and Equipment and Intangible Assets | ¥2,553 million | ¥2,240 million | ↑ |
Business Details
TACHI-S's Japan segment is centered on the manufacture and sale of automotive seats and seat components. Major customers are Mitsubishi Motors Corporation and Honda Motor Co., Ltd. Domestic affiliated companies (such as TF-METAL Co., Ltd.) manufacture seat components and supply them to the company, forming a vertically integrated supply chain. In FY2026 (ending March 2026), net sales were ¥108,559 million, accounting for approximately 40% of consolidated net sales of ¥269,009 million, making it the largest segment. During the fiscal year, the company newly launched seat production for the Honda N-ONE e.
Recent Overview
Both net sales and operating income declined year on year, as domestic production volumes continued to decrease
In FY2026 (ending March 2026), the Japan segment recorded net sales of ¥108,559 million (down 6.0% year on year) and operating income of ¥6,153 million (down 9.5% year on year). The main cause was a decline in production volumes at domestic automakers. On the other hand, the company advanced its response to new vehicle models, including newly launching seat production for the Honda N-ONE e. The increase in property, plant and equipment and intangible assets was ¥2,553 million, up year on year, indicating continued investment in preparation for future production needs.
Key Products
Growth Drivers
- Acquisition of new orders through the launch of seat production for new models such as the Honda N-ONE e
- Maintaining and improving profitability and advancing the growth strategy under Phase 2 (FY2025-FY2030) of the medium-term management plan TVE Wave
- Improvement of profit structure through in-house reduction of material and logistics costs and passing on inflationary costs to selling prices
- Business scope and scale expansion effects from integration with the TOYO H&I Group (subsequent event); the impact amount is under review
Risks
- Risk of declining production volumes at domestic automakers (net sales down 6.0% year on year in FY2026, continuing a trend of declining revenue)
- Risk of sales concentration in major customers (Mitsubishi Motors Corporation and Honda Motor Co., Ltd. account for a substantial proportion of net sales)
- Risk of order fluctuations due to delays in the shift to EVs and automakers' reconsideration of vehicle model strategies in response to policy changes in various countries
- Risk of increased fixed costs due to rising domestic labor costs (wage increases from the Shunto spring labor negotiations)
- Risk of indirect impact from changes in trade policy under the US Trump administration on domestic automakers' production and sales plans
Last updated: June 26, 2026