TACHI-S CO.,LTD. (7239) Stock Price

Tachi-S is primarily engaged in the manufacturing and sales of automotive seats and seat components. The company operates through 29 subsidiaries (including 3 non-consolidated subsidiaries) and 6 affiliated companies (including 3 affiliated companies not accounted for using the equity method). These entities support Tachi-S's global business operations by handling regional manufacturing and sales.

In Japan, Tachi-S manufactures automotive seats and seat components, primarily supplying domestic customers. The company also engages in commercial facility leasing. A key affiliated company is TF-METAL Co., Ltd., which strengthens the company's position in the domestic market.

In North America, TACHI-S Engineering U.S.A., Inc. serves as a sales and development hub, with its subsidiaries and affiliated companies manufacturing automotive seats and seat components. These products are primarily supplied to customers in the United States. A key affiliated company is TACHI-S Automotive Seating U.S.A., LLC.

In Central and South America, TACHI-S Engineering Latin America, S.A. de C.V. functions as a development center, while other subsidiaries manufacture automotive seats and seat components. These products are primarily supplied to customers in Central and South America. Key affiliated companies include Industria de Asiento Superior, S.A. de C.V.

In Europe, TACHI-S Engineering Europe S.A.R.L., based in France, previously operated as a sales hub but completed liquidation in December 2024. As a result, the company's business operations in the European market have temporarily contracted.

In China, Tachi-S (China) Investment Co., Ltd. functions as a sales and development hub, while Tachi-S (Zhengzhou) Automotive Seat R&D Co., Ltd. handles development activities. Other subsidiaries and affiliated companies manufacture automotive seats and seat components, primarily supplying domestic Chinese customers.

In Southeast Asia, TACHI-S (Thailand) Co., Ltd. provides overall management and coordination, with other subsidiaries and affiliated companies manufacturing automotive seats and seat components. These products are primarily supplied to customers throughout Southeast Asia, strengthening the company's presence in the region.

TachiEs aims to contribute to the realization of a sustainable society. The company's corporate vision is to "bring smiles to people's faces by continuously creating comfortable and enriched living spaces in coexistence with people and society." The company seeks to meet the needs and expectations of its stakeholders through the realization of this vision.

TachiEs is advancing a new medium-term management plan called "Transformative Value Evolution (TVE) Wave2 2027." This plan prioritizes increasing operating profit and improving capital efficiency, with targets of 4.5–5% operating profit margin, 8% ROIC, and 10% ROE by fiscal year 2027. Regarding shareholder returns, the company is considering a minimum dividend of 103.8 yen per share and flexible share buybacks, aiming for a total payout ratio of 50% or higher.

TachiEs has formulated a roadmap for enhancing corporate value through 2030, positioning 2021–2024 as a period of regeneration and strengthening. During this period, the company is improving its revenue structure and asset efficiency, and transforming its business operations outside North America and China to generate sustainable operating profit.

In Wave2 from fiscal year 2025 to 2030, the company aims to achieve growth through continuous revenue improvement and three forms of "evolution": deepening, advancing, and innovating. The company has analyzed the business environment, risks, and opportunities, identified material issues from stakeholder perspectives, and formulated its 2030 vision.

The 2030 vision is based on the company principle of "mutual respect and cooperation." The company aims to transform the value it provides through innovation, enhance competitiveness and profitability, and simultaneously contribute to the realization of a sustainable society by addressing social challenges. Through this approach, TachiEs aims to become a company that continues to be chosen by stakeholders.