About TS TECHTS TECH has been developing and producing automotive interior components for over 60 years since thecompany was established in 1960.
We have continued to grow by leveraging the strength of our technologies and know-how cultivated overmany years and our global network spanning 13 countries, supplying a variety of products, mainly automobile
seats and door trims.

409.2 billion yenRevenue(Consolidated)(Fiscal 2023)

1.9%
Other businesses 4.6%
Motorcycles

Major
productlines

Asia andEurope

Interiorcomponents

9.2%

9.2%
Automobile seats

27.0% By segment

84.3%The Americas

Automobiles

44.4 %

93.5%

Number ofEmployees

Chairs for medical use(Consolidated)

15,172Motorcycle seats

19.4 %China

By businessSeats

Japan

Number ofSites

Door trims

74 sites operated by
45 companies in 13 countries

1996

Expanded operations to South America

1997

1960

Established Tokyo Seat Co., Ltd.
1963
Took over the motorcycle seat
Began producing
business from predecessor
Teito Fuhaku Kogyo Corporation automobile seats

1960

41994

1977

1970

Expanded operations
to North America

1980

Assuring Quality

Pursuing Comfort

The seats for the original Honda Civic could
be considered the starting point for TS TECH’s
manufacture of automobile seats. There werefrequent issues such as tearing of seams in
the outer upholstery and deformation of seatframes when sat on by people with very large
physiques, as they were designed withJapanese people only in mind at the time. The
system we established at that time to facilitate
the immediate sharing of quality issues
among departments and quick improvements
is still in place today. We have turned thisrough start into a legacy of a strong
commitment to the perfection of quality.

TS TECH continues to pursue comfortableseats that prevent fatigue by translating
subjective judgments of comfort and fatigue,
which vary by person, into quantifiable figuresand conducting repeated research based onergonomics. This approach is reflected in ourunique theory of a comfortable posture.

TS TECH Integrated Report 2023

Seat for the original
Honda Civic
Launched 1972

Honda Odyssey Seat
Launched 2013
The seat bottom tilts upward as thebackrest is lowered to close in on theperfect posture for maximum comfort.

1990
Honda Civic Seat
Launched 1995
The first use of amechanism seat made it
possible for smaller drivers
to adjust to a more
comfortable driving
position.

Changed company name to TS TECH Co., Ltd.

Expandedoperations
to Asia

1999

Expandedoperations to Europe

2001

Expanded operations
to China

2000

2007

Stock listed on theFirst Section* of theTokyo Stock Exchange

Establishing a Strong
Profit Structure

2010

2010

TS TECH’s 50th anniversary

2020* Shifted to the Prime Market in April 2022

Creating New ValueAs the automotive industry enters a periodof major transformation, the functions andvalue demanded of automobiles are also
undergoing great change. Against thisbackdrop, TS TECH will not simply focus
on developing seats and doors as single
components but also aim to become aninterior system supplier that can coordinate
an entire automobile cabin space. We will
work to create new value by leveraging
corporate partnerships and joint
development projects.

As business has expanded, we have been
severely impacted by changes in the external
environment, including a global financial crisisand natural disasters in different countries.
TS TECH has streamlined development
and manufacturing through production line
automation and other technologies. This has
enabled our company to withstand externalchanges, laying the foundation for the current
highly profitable structure of the TS TECH Group.
Automated welding equipment

Health Care Seat
The seat senses the posture of
the occupant and detects theoptimal position for eachindividual.
The built-in air device relaxes
the muscles and provides
postural support from the pelvis.

TS TECH Integrated Report 20235