FY2016 Second Quarter
Financial Result
From April 1, 2016 through September 30, 2016
TACHI-S CO., LTD.
November 10, 2016
Securities Code: 7239 (Tokyo/First Section)
1/38
Contents
FY2016 2Q Financial Result
FY2016 Financial Forecast
Capital Expenditures
Dividend
2/38
Contents
FY2016 2Q Financial Result
FY2016 Financial Forecast
Capital Expenditures
Dividend
3/38
FY2016 2Q
Summary of Financial Result
Financial Result
Overview
Decrease in Revenue / Increase in Profit
●Reflected the steady sales increase in
domestic and overseas markets
●Volume efficiency and impact of currency exchange variation of
emerging markets against US Dollars
Japan
Net sales increased by 5.3%
●Increase in foreign sales
●Promotion of profitability
improvement activities
Latin America
Net sales decreased by 6.3%
(78% of the decrease from FY2015 2Q was
due to the exchange rate variation)
●Steady sales increase
●Affected by exchange variation of
emerging markets
North America
Net sales decreased by 5.3%
●Affected by
significant exchange variation
China
Net sales decreased by 0.9%
(Impact of mixed production for end of model,
new model mass production)
●Steady sales increase
●Increase of end of production models
4/38
FY2016 2Q
Financial Result
FY2016 2Q Financial Result
(consolidated)
(Unit: billion yen)
vs. previous year
(Amounts are rounded down)
16/03 2Q
17/03 2Q
Change
Change(％)
132.7
132.1
-0.6
-0.5
Operating Income
1.5
2.5
＋1.0
66.7
Ordinary Income
2.2
4.3
＋2.1
95.6
-0.2
1.9
＋2.2
－
Net Sales
Net Income*
132.7
4.3
132.1
16/03 2Q
2.5
2.2
17/03 2Q
1.9
1.5
-0.2
Net Sales
Operating Income
* Net income attributable to TACHI-S CO., LTD.
Ordinary Income
Net Income*
5/38
FY2016 2Q
Analysis of Increase / Decrease
Financial Result
(Consolidated)
Net Sales
vs. previous year
132.7
132.1
55.5
16/03 2Q
(Unit: billion yen)
(Amounts are rounded down)
Region
Change
Change(%)
Japan
＋2.7
+5.3％
23.7
North America
-1.3
-5.3％
30.0
Latin America
-2.0
-6.3％
0.8
Europe
+0.5
+270.5％
20.4
China
-0.1
-0.9％
1.3
Southeast Asia
-0.5
-26.4％
17/03 2Q
Exchange
Rate
16/03 2Q
US$=¥121.76 RMB=¥19.30
17/03 2Q
US$=¥107.31 RMB=¥17.51
6/38
FY2016 2Q
Analysis of Increase / Decrease
Financial Result
(Consolidated)
(Unit: billion yen)
vs. previous year
(Amounts are rounded down)
Operating Income
1.5
2.5
Region
Change
0.7
North America
-0.2
2.9
China
Net Income*
-0.0
Japan
-0.7
Latin America
-0.1
-0.3
Europe
-0.1
-0.0 Southeast Asia
17/03 2Q
* Net income attributable to TACHI-S CO., LTD.
Region
Change
1.9
China
+1.1
＋1.2
-0.2
16/03 2Q
1.9
＋0.5
-0.0
16/03 2Q
1.0
Equity method
affiliates
-0.1
Japan
＋0.5
-0.1
-0.2
-0.1 North America
Latin America
＋1.2
-0.3
-0.1
Europe
-0.3
-0.1
Southeast Asia
-0.0
17/03 2Q
7/38
Topics
8/38
Topics
R&D Center in Zhengzhou, China
Started the Operation
Company name: TACHI-S Engineering Zhengzhou Co., Ltd.
Establishment: December 2015 (Start of operation: May 2016)
Location: Zhengzhou city, Henan Province, China
Business description: R&D in China
Challenge for Further
Enhancement of
R&D/Technological
Capability of
TACHI-S Group
This R&D center has been
established aiming to consolidate
all technologies from
R&D to production.
We will develop it to be
a global Monozukuri center
for the group in the future.
9/38
Topics
Commemorative Dividend for the 30 th
Anniversary of Overseas Expansion
This year we are celebrating the 30 th
anniversary of the establishment of our
first overseas business site,
TACHI-S Engineering U.S.A. Thank you
for your continuous support over the 30 years.
As an expression of gratitude to shareholders,
we are planning a commemorative dividend of 1 yen
per share, which when added to an ordinary dividend
of 8 yen per share amounts to a total interim share of
9 yen per share.
10/38
Manufactured Seats for the
Rio Olympics Official Car
Topics
NISSAN
KICKS
Our production site in Mexico,
Industria de Asiento Superior, S.A.de C.V. (TACHI-S Mexico: “TSM”)
manufactured seats for the official car of Rio 2016 Olympics,
NISSAN KICKS.
TSM will continue devoting itself to its
business operation taking on a role of driving force of
TACHI-S Group while making the most of its know-hows
KICKS front seat
in the business in Brazil.
11/38
Topics
Donated Players Bench to a
Football Stadium in Mexico
We have installed our original players bench manufactured by TSM at
“ESTADIO VICTORIA”, the home stadium of “CLUB NECAXA” which belongs to
the top league of the Mexican football league system. We are very happy to hear
NISSAN KICKS
that the team members are very satisfied with the seats. We would like to
continue supporting and to establish ourselves in the regional communities
(around the world).
12/38
Contents
FY2016 2Q Financial Result
FY2016 Financial Forecast
Capital Expenditures
Dividend
13/38
New Model Launch
FY2016
Financial Forecast
New Model Launched during FY2016
China
● CIVIC
FREED
Japan
● GIENIA
● T90
● Ｑ60(US)
● CowinV3
● NOTE e-POWER
● (FY2016)
● FREED
Latin America
● KICKS
● FREED+(plus)
CIVIC
● (FY2016)
● NISSAN / INFINITI / VENUCIA
● TOYOTA
KICKS
● HONDA / ACURA
● Chinese National Brand
*New models that start production (including scheduled productions) within the fiscal year of
consolidated companies of the TACHI-S group
14/38
FY2016
Financial Forecast
FY2016 Financial Forecast
(Consolidated)
(Unit: billion yen)
vs. previous year
(Amounts are rounded down)
16/03
17/03(forecast)
Change
Change(%)
283.6
270.0
-13.6
-4.8
Operating Income
6.8
7.5
+0.７
8.9
Ordinary Income
7.7
10.4
+2.7
34.2
Net Income*
1.6
5.0
+3.4
196.7
Net Sales
283.6
10.4
270.0
7.5
7.7
16/03
6.8
17/03
(forecast)
5.0
1.6
Net Sales
Operating Income
* Net income attributable to TACHI-S CO., LTD.
Ordinary Income
Net Income*
15/38
FY2016
Financial Forecast
Analysis of Increase / Decrease
(Consolidated)
(Unit: billion yen)
Net Sales
vs. previous year
(Amounts are rounded down)
283.6
16/03
270.0
Region
Change
122.9
Japan
＋6.7
＋5.8％
46.1
North America
-5.6
-10.8％
54.8
Latin America
-11.0
-16.8％
1.7
Europe
＋0.8
＋93.9％
41.7
China
-3.7
-8.2％
2.5
Southeast Asia
-0.８
-25.5％
17/03
(forecast)
Change(%)
Exchange
16/03
US$=¥120.78
RMB=¥19.28
Rate
17/03
US$=¥105.00
RMB=¥16.00
16/38
FY2016
Financial Forecast
Analysis of Increase / Decrease
(Consolidated)
(Unit: billion yen)
vs. previous year
(Amounts are rounded down)
Operating Income
7.5
6.8
Net Income*
Region
Change
1.5
Japan
＋0.8
0.9
North America
0.6
Latin America
5.0
Region
Change
0.4
Japan
＋0.2
0.0
Latin America
＋2.4
3.0
China
＋0.０
-0.2
＋0.1
1.6
4.9
China
-0.5
-0.1
16/03
Europe
Southeast Asia
17/03(forecast)
* Net income attributable to TACHI-S CO., LTD.
2.6
Equity method
affiliates
-0.1
-0.6
North America
＋0.6
＋0.0
-0.5
Europe
＋0.1
-0.1
-0.1
Southeast Asia
-0.1
-0.0
16/03
17/03(forecast)
17/38
Contents
FY2016 2Q Financial Result
FY2016 Financial Forecast
Capital Expenditures
Dividend
18/38
Capital Expenditures / Depreciation
Capital
Expenditures
(Consolidated)
(Unit: billion yen）
12
Capital Expenditures
Depreciation
10
9.0
7.5 (forecast)
8
6.0
6
5.1
4.5
4
2
0
4.3
3.0
13/03
(forecast)
4.1
3.5
14/03
4.9
1.9
15/03
16/03
17/03 2Q 17/03
18/03
19/38
Contents
FY2016 2Q Financial Result
FY2016 Financial Forecast
Capital Expenditures
Dividend
20/38
Cash Dividend
Dividend
Basic policy : Stable dividends on a long term basis
2 yen of annual
（Yen per share）
commemorative dividends
20
commemorative dividend
18
18
16
16
14
14
12
11
Year-end
９
12
(forecast)
10
Commemorative
dividend 1
8
6
Interim
９
Ordinary
dividend 8
4
2
10/03
11/03
12/03
13/03
14/03
15/03
16/03
17/03
21/38
Appendix
22/38
Scope of Consolidation
Appendix
As of the end of September, 2016
Consolidated (30 Companies)
Japan 5 Companies
Subsidiaries
Affiliates
Overseas
●Nui Tec
●TACHI-S Parts
●Fuji Kiko
●Kinryo Kogyo
25 Companies
USA
Subsidiaries
●Tachikawa Hatsujou
●TACHI-S Engineering U.S.A.
●SETEX
●TACHI-S Automotive Seating
U.S.A.
Canada
●TACHI-S Canada
Mexico
●TACHI-S Engineering
Latin America
●TACHI-S Mexico
●SETEX Automotive Mexico
Brazil
USA
●TACHI-S Brasil
●Techno Trim
●Fuji Autotech U.S.A.
France
China
●TACHI-S Engineering Europe
●TACHI-S China
●Wuhan TACHI-S
●TACLE Guangzhou
●TACHI-S Lear DFM
(Xiangyang)
●TACHI-S Trim
Guangzhou
●TACHI-S Trim
Wuhan
●Zhejiang TACHI-S
Thailand
●TACHI-S (Thailand)
●TACHI-S Automotive Seating (Thailand)
Indonesia
●TACHI-S Indonesia
China
Affiliates
Mexico
●Fuji Autotech Guangzhou
●Lear DFM TACHI-S (Dalian)
●Zhengzhou Taixin Interior
●Fuji Kiko TACHI-S Mexico
23/38
Scope of Consolidation
Appendix
As of the end of September, 2016
Non consolidated (8 Companies)
Japan 2 Companies
Subsidiaries
Overseas
Subsidiaries
Affiliates
●TACHI-S Service
●TS Design
6 Companies
China
●TACHI-S Engineering Zhengzhou
●TACHI-S Engineering China
Vietnam
●TACHI-S Engineering Vietnam
●TACHI-S Vietnam
China
●Zhejiang Gee Ju Tai
Malaysia
●APM TACHI-S
24/38
Exchange Rate
Appendix
(Unit: yen）
13/03
US ＄
Mex ＄
14/03
83.32
99.75
6.14
7.52
107.39 133.38
EUR
RMB ¥
12.59
15.68
15/03
16/03
17/03(forecast)
109.19 120.78
7.96
105.00
7.69
6.00
139.38 132.75
116.50
17.09
19.28
16.00
Foreign exchange sensitivity
A one yen change in the value of the dollar translates into the
following gain (based on FY2016 forecast)
Net sales
Net income attributable
to TACHI-S Co., Ltd.
+439 million yen
+5 million yen
US ＄ １円の為替変動による影響額（17年３月期予想）25/38
Net Sales by Customer
Appendix
Honda
Second Quarter
57.5
16/09
52.4
15/09
0
Nissan
Mitsubishi
43.6
44%
12.7 12.7 5.4
10%
10%
132.1
4%
13.4 12.0 7.0
36%
10%
9%
90
60
(Unit: billion yen）
Other
33%
47.8
39%
30
Toyota
(Consolidated)
132.7
5%
150
120
Full Year
17/03
(forecast)
16/03
116.3
43%
115.5
41%
99.0
15/03
74.6
14/03
0
50
88.6
92.6
84.2
34％
100
10%
99.9
39％
26.5
33%
37％
26.9
35%
9%
10%
8％
4%
27.2 13.9
10%
11.8
27.2 20.1
11％
270.0
27.6 10.7
5%
283.6
250.9
5％
10.6
38％
150
31.5 18.5
14％
８％
200
219.6
5％
250
300
26/38
Net Sales by Region
Appendix
Japan
Second Quarter
North America
China
Europe
Southeast Asia
42％
23.7
18％
30.0
20.4
23％
15％
132.1
Southeast Asia 1.8
Europe 0.２
52.8
15/09
0
40％
25.1
32.1
19％
24％
50
20.6
100
150
Southeast Asia 2.5
Europe 1.7
122.9
46%
(forecast)
132.7
16％
Full Year
17/03
(Unit: billion yen）
Southeast Asia 1.3
Europe 0.8
55.5
16/09
Latin America
(Consolidated)
46.1
54.8
17%
20%
41.7
Europe 0.9
116.2
16/03
117.4
15/03
123.3
14/03
0
50
41%
47%
56%
100
51.7
65.8
45.4
18%
23%
16%
51.3
53.5
20%
38.5
18%
150
21%
37.1
19.3
17%
9%
200
270.0
15%
25.1
Southeast Asia 3.4
283.6
Europe 0.4
Southeast Asia 2.9
10%
250.9
Europe 0.９
Southeast Asia 0.2
250
219.6
300
27/38
Operating Income by Region
Appendix
(Consolidated)
(Unit: million yen）
Japan
Second Quarter
16/09
-27 -365
15/09
-178 -516
-1,500
North America
-700
-70
China
794
0
Europe
Southeast Asia
2,949
1,020
-580
-500
Latin America
2,580
63
1,739
500
1,500
2,500
1,548
3,500
Full Year
17/03
-167 -540
(forecast)
1,593
4,981
939 694
7,500
Southeast Asia -0
16/03
-603 776 1,150 542
Southeast Asia -88
15/03
14/03
-3,000
5,018
6,884
Europe -264
1,528
-2,357
-537
-664
-204
0
958
142
2,163
1,672
691
1,643
1,337
3,000
6,000
9,000
28/38
Ordinary Income by Region
Appendix
(Consolidated)
(Unit: million yen）
Second Quarter
Japan
North America
-340
16/09
-23
15/09
-198
-64
-2,000
Full Year
Europe
Southeast Asia
3,454
1,675
2,047
0
Southeast Asia -133
China
1,317
-342253
-1,367
Latin America
4,318
115
2,000
2,207
4,000
Europe -519
17/03
2,643
(forecast)
2,159 421
10,400
5,829
Southeast Asia 61
16/03
-662
Southeast Asia -61
15/03
14/03
2,034
-2,103
5,785
7,752
Europe -126
3,105
-2,896
Southeast Asia -94
-4,000
2,637
-2,000
-659 2,466
0
2,000
3,616
1,462 1,455
4,000
4,615
977
Europe ５
6,000
4,635
8,000
10,000
12,000
29/38
Capital Expenditures, R&D and
Depreciation cost (consolidated)
Appendix
Capital Expenditure
R&D
Depreciation
(Unit: million yen）
10,000
9,075
7,543
8,000
6,067
6,000
4,535
5,180
4,716
4,026
4,000
2,000
3,057
4,252
4,979
4,138
4,370
4,274
15/03
16/03
4,211
3,529
0
13/03
14/03
17/03(forecast)
30/38
Appendix
Business site
TACHI-S Group Companies
(Japan-1)
Established
Location
Head Office
April, 1954
Akishima-shi, Tokyo
Administration
Technical
Monozukuri
Center
March, 2012
Ome-shi, Tokyo
Sales, Purchasing, R&D, Production,
Testing, Quality assurance etc..
Technical Center
Aichi
August, 1999
Anjo-shi, Aichi
Sales, Purchasing, R&D, Prototype,
Testing
April, 1977
Anjo-shi, Aichi
Manufacturing of automotive
seats and parts
TOYOTA, Mitsubishi,
TOYOTA BOSHOKU
Iruma-shi, Saitama
Manufacturing of automotive
seats and parts
HONDA
April, 1969
Ome-shi, Tokyo
Prototype
Manufacturing of automotive
seats and parts
Hino, TOYOTA BOSHOKU,
UD Trucks,
TOYOTA MOTOR EAST JAPAN
February, 1982
Shimotsuke-shi,
Tochigi
Manufacturing of automotive
seats and parts
NISSAN, NHK Spring
Hiratsuka-shi,
Kanagawa
Manufacturing of automotive
seats and parts
NISSAN SHATAI
Suzuka-shi, Mie
Manufacturing of automotive seats
HONDA
Aichi Plant
Musashi Plant
Ome Plant
Tochigi Plant
Hiratsuka Plant
Suzuka Plant
January, 1980
July, 1982
October, 1984
Business Contents
Major Customers
31/38
TACHI-S Group Companies
Appendix
Company
Nui Tec
Corporation
TACHI-S Parts
Co., Ltd.
Tachikawa
Hatsujou
Co., Ltd.
Kinryo Kogyo
Co.,Ltd.
Fuji Kiko
Co.,Ltd.
Equity
participation
Established
Location
July,
1985
Hamura-shi,
Tokyo
Manufacturing of
automotive seats and
trim covers
100.0%
325
million yen
TACHI-S
October,
1971
Hamura-shi,
Tokyo
Manufacturing/sales of
automotive seat parts and
medical beds
100.0%
50
million yen
Medical institutions and
other manufacturers
April,
1961
Akishima-shi,
Tokyo
Manufacturing/sales of
springs and automotive
seat components
100.0%
40
million yen
TACHI-S, Fuji Kiko and
other non automotive
manufacturers
February,
1976
Miyako-gun,
Fukuoka
Manufacturing/sales of
automotive seats and parts
25.0%
100
million yen
TACHI-S, JCKK
Kosai-shi,
Shizuoka
Manufacturing/sales of
automotive parts
24.4%
5,985
million
yen
August,
1999
(capital tie-up)
Business Contents
(Japan-2)
Capital
Major Customers
JTEKT, NISSAN,
SUZUKI and others
TACHI-S
32/38
TACHI-S Group Companies
Appendix
Company
(North America)
Established
TACHI-S
Engineering
U.S.A., Inc.
July,
1986
SETEX, Inc.
Location
Equity
participation
Business Contents
Michigan,
U.S.A
Sales/R&D/business
administration
in North America
September,
1987
Ohio,
U.S.A
TACHI-S
Automotive
Seating
U.S.A., LLC
December,
2005
TechnoTrim,
Inc.
Capital
Major Customers
※Scope of
consolidation
100.0%
43 million
US$
Manufacturing/sales of
automotive seats
*（51.0%）
5 million
US$
HONDA (USA)
○
Tennessee,
USA
Manufacturing/sales of
automotive seats
*（100.0%）
22 million
US$
NISSAN (USA)
○
November,
1986
Michigan,
U.S.A
Manufacturing/sales of
automotive seat trim
parts
*（49.0%）
120 thousand
US$
Major automotive seat
manufacturers in North
America including
TACHI-S group companies
□
Fuji Autotech
U.S.A., LLC
March,
2004
Kentucky,
U.S.A
Manufacturing/sales of
automotive
seat components
*（34.0%）
10 million
US$
Major automotive seat
manufacturers in North
America including
TACHI-S group companies
□
TACHI-S
Canada, Ltd.
September,
2004
Nova
Scotia,
Canada
Business administration
in Canada
*（100.0%）
12 million
CAN$
* （including subsidiaries’ equity）
※
○
○
□ Consolidated affiliate
○ Consolidated subsidiary
● Unconsolidated subsidiary ■ Unconsolidated affiliate
33/38
TACHI-S Group Companies
Appendix
Company
TACHI-S
Engineering
Latin America,
S. A. de C. V.
Industria de
Asiento Superior,
S.A. de C.V.
(Latin America / Europe)
Established
Location
Business Contents
Equity
participation
Capital
※Scope of
consolidation
May,
2012
Aguascalientes,
Mexico
R&D/business
administration
in Latin America
*（100.0%）
61 million
US$
April,
1991
Aguascalientes,
Mexico
Manufacturing/sales of
automotive seats and
seat parts
*（100.0%）
26 million
US$
NISSAN (Mexico),
HONDA (Mexico),
JCI
○
Guanajuato,
Mexico
Manufacturing/sales of
automotive seats
*（95.0%）
24 million
US$
HONDA (Mexico)
○
TACHI-S Mexico
Fuji Autotech U.S.A.
TQ1
□
(TACHI-S Mexico)
SETEX
Automotive
Mexico, S. A.
de C. V.
Major Customers
September,
2012
○
Fuji Kiko TACHI-S
Mexico, S. A.
de C. V.
August,
2012
Aguascalientes,
Mexico
Manufacturing/sales of
automotive
seat components
*（34.0%）
371 million
MXN
TACHI-S Brasil
Industria de
Assentos
Automotivos
Ltda
August,
2012
Rio de Janeiro,
Brazil
Manufacturing/sales of
automotive seats
*（100.0%）
10 million
US$
NISSAN (Brazil)
○
TACHI-S
Engineering
Europe S.A.R.L.
October,
2004
Meudon-La-Forêt,
France
Sales/R&D in Europe,
manufacturing/sales of
automotive seat parts
100.0%
16 million
EUR
NISSAN (UK, Spain)
○
* （including subsidiaries’ equity）
※
□ Consolidated affiliate
○ Consolidated subsidiary
● Unconsolidated subsidiary ■ Unconsolidated affiliate
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Appendix
Company
TACHI-S China
Co., Ltd.
TACHI-S Group Companies
Established
Location
Business Contents
October,
2011
Guangdong,
China
Sales/R&D/business
administration in China
Equity
participation
(China-1)
Capital
Major Customers
※Scope of
consolidation
100.0%
204 million
RMB
○
TACHI-S Engineering
Zhengzhou Co., Ltd.
December,
2015
Henan,
China
R&D in China
*（100.0%）
25 million
RMB
●
TACHI-S Engineering
China Co., Ltd.
August,
2008
Fuzhou,
China
R&D in China
70.0%
31 million
RMB
●
Hubei,
China
Manufacturing/sales of
automotive seats
70.0%
43 million
RMB
Dongfeng HONDA
○
Guangdong,
China
Manufacturing/sales of
automotive seats
51.0%
66 million
RMB
Dongfeng NISSAN
○
Wuhan TACHI-S
Johnson Controls
Automotive Seat
Co., Ltd.
TACLE Guangzhou
Automotive Seat
Co., Ltd.
June,
2008
November,
2004
TACHI-S Lear DFM
Automotive Seating
(Xiangyang) Co., Ltd.
July,
2013
Hubei,
China
Manufacturing/sales of
automotive seats
*（51.0%）
30 million
RMB
Dongfeng NISSAN
○
Zhengzhou Taixin
Interior Co., Ltd.
July,
2001
Henan,
China
Manufacturing/sales of
automotive seats
50.0%
11 million
RMB
Zhengzhou NISSAN
□
* （including subsidiaries’ equity）
※
□ Consolidated affiliate
○ Consolidated subsidiary
● Unconsolidated subsidiary ■ Unconsolidated affiliate
35/38
Appendix
Company
TACHI-S Group Companies
Established
Location
Business Contents
Equity
participation
(China-2)
Capital
Major Customers
※ Scope of
consolidation
Lear DFM TACHI-S
Automotive Seating
(Dalian) Co., Ltd.
August,
2013
Liaoning,
China
Manufacturing/sales of
automotive seats
*（49.0%）
50 million
RMB
Dongfeng NISSAN
□
Zhejiang Gee Ju Tai
Automotive Interior
Co., Ltd.
October,
2010
Zhejiang,
China
Manufacturing/sales of
automotive seats
40.0%
38 million
RMB
GEELY
■
TACHI-S Trim
Guangzhou Co., Ltd.
September,
2005
Guangdong,
China
Manufacturing/sales of
automotive seat
trim parts
100.0%
38 million
RMB
TACLE Guangzhou,
TACHI-S
○
Hubei,
China
Manufacturing/sales of
automotive seat
trim parts
*（100.0%）
35 million
RMB
Wuhan TACHI-S,
Lear DLT TACHI-S
(Xiangyang)
○
Zhejiang Gee Ju Tai,
Wuhan TACHI-S
Lear DLT TACHI-S
(Xiangyang) ,
TACHI-S
○
TACLE Guangzhou,
JCI Guangzhou
□
TACHI-S Trim Wuhan
Co., Ltd.
October,
2013
Zhejiang TACHI-S
Automotive Parts
Co., Ltd.
January,
2012
Zhejiang,
China
Manufacturing/sales of
automotive seat
frame parts
*（100.0%)
142 million
RMB
Fuji Autotech
Guangzhou Co., Ltd.
January,
2005
Guangdong,
China
Manufacturing/sales of
automotive seat
components
34.0%
40 million
RMB
* （including subsidiaries’ equity）
※
□ Consolidated affiliate
○ Consolidated subsidiary
● Unconsolidated subsidiary ■ Unconsolidated affiliate
36/38
TACHI-S Group Companies
Appendix
(Southeast Asia)
TACHI-S （Thailand）
Co., Ltd.
September,
2011
Bangkok,
Thailand
Business administration
in Southeast Asia
and India
100.0%
771 million
THB
NISSAN
(Thailand)
○
TACHI-S Automotive
Seating （Thailand）
Co., Ltd.
April,
2010
Bangkok,
Thailand
Manufacturing/sales of
automotive seats and
seat parts
100.0%
153 million
THB
NISSAN
(Thailand)
○
September,
2011
Jawa Barat,
Indonesia
Manufacturing/sales of
automotive seats
*(100.0%)
140,602 million
IDR
NISSAN
(Indonesia)
○
TACHI-S
Engineering
Vietnam Co., Ltd.
January,
2013
Ho Chi Minh,
Vietnam
R&D in Vietnam
100.0%
31,026 million
VND
TACHI-S Vietnam
Co., Ltd.
September,
2012
Da Nang,
Vietnam
Manufacturing/sales of
automotive seats
100.0%
22,913 million
VND
Tan Chong
Industrial
Equipment
●
February,
2013
Selangor,
Malaysia
Manufacturing/sales of
automotive seats
*(49.0%)
３ million
MYR
Tan Chong
Motor
■
APM TACHI-S
Seating
Systems Sdn. Bhd.
Business Contents
* （including subsidiaries’ equity）
※
Capital
Major Customers
※Scope of
consolidation
Established
PT.TACHI-S
Indonesia
Location
Equity
participation
Company
●
□ Consolidated affiliate
○ Consolidated subsidiary
● Unconsolidated subsidiary ■ Unconsolidated affiliate
37/38
32
Toward ‘Continuously Selected Company’
Global Seat System Creator
Cautionary Statement
This document contains certain forward-looking
statements based on the information available
and obtained by TACHI-S Co., Ltd.
Such forward-looking statements involve known
and unknown risks and uncertainties that may
cause our actual results, performance or
achievements to be materially different from
any future results, performance or
achievements expressed or implied by such
forward-looking statements.
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