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Maker of automotive seating systems, a core supplier to Honda's global vehicle production.
Maker of automotive seating systems, a core supplier to Honda's global vehicle production.
Wins seat contracts one vehicle model at a time and builds seats close to Honda's assembly plants, delivering them in step with production, so revenue follows Honda's output more than any seat-market share. Honda is by far its largest customer. Plants are spread across Japan, North America and Asia.
In one line: A Honda-group Adient/Lear.
Moat: narrow (customer qualification, process know-how, scale). Deep, long-standing Honda-group seating supply relationships built over decades.
Headquarters: Saitama, Japan · Founded: 1960 · Employees: 13,558
Size TS Tech (7313.T) is a Japan Consumer Discretionary company (Automotive Aftermarket) with a market value of $1.25B, the 638th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,661 on 6 Nov 2026.
Performance Over six months the shares fell 3.1%, against -17.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 0.4% over the last twelve months (peer median +8.0%); the operating margin is 2.2% (peer median 7.9%).
Valuation It trades at 23.3× forward earnings against a peer median of 16.6× (5th most expensive of 15).
Capital Return on invested capital runs 4.6 points below its cost of capital (7.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥452B | ¥442B | ¥461B | ¥442B | ¥409B |
| Revenue growth | — | -4% | +4% | +8% | — |
| Gross profit | ¥54.8B | ¥52.5B | ¥61.1B | ¥57.8B | ¥51.5B |
| EBITDA | ¥24.8B | ¥24.7B | ¥30.2B | ¥28.3B | ¥26.8B |
| Net income | ¥8.14B | ¥7.13B | ¥8.63B | ¥10.2B | ¥5.34B |
| Free cash flow | -¥4.12B | ¥3.36B | ¥11.7B | ¥24.6B | ¥17.0B |
| Capital expenditure | ¥20.4B | ¥22.2B | ¥23.4B | ¥16.6B | ¥15.8B |
| Total debt | ¥6.15B | ¥6.32B | ¥5.76B | ¥4.66B | ¥4.82B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| TS Tech 7313.T | $1.25B | -3% | 0% | 2% | 23.3× | n/a |
| Toyota Boshoku 3116.T | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% |
| Adient ADNT | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% |
| Lear LEA | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7313.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.6% | -5.0% | 10th lowest of 21 |
| 6-month return | -3.1% | -17.9% | 6th highest of 21 |
| Distance from 52-week high | -17.7% | -32.5% | 4th highest of 21 |
| Revenue growth (TTM) | +0.4% | +8.0% | 4th lowest of 21 |
| Operating margin | 2.2% | 7.9% | lowest of 21 |
| Forward P/E | 23.3× | 16.6× | 5th most expensive of 15 |
| ROIC minus cost of capital | -4.6 pp | +0.7 pp | 6th lowest of 21 |
| EV / EBITDA | 5.2× | 9.3× | cheapest of 10 |
| Net debt / EBITDA | -3.4× | 2.0× | least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TS Tech 7313.T | Japan | $1.25B | -3% | 0% | 2% | 23.3× | n/a | n/a |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | n/a | 5.9% | +8.2% |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 18.2× | -7.2% | +2.9% |
| Kumhotire 073240.KS | South Korea | $1.12B | -9% | +2% | 12% | 4.2× | n/a | n/a |
| JK Tyre & Industries JKTYRE.NS | India | $1.10B | -12% | +13% | 7% | 20.6× | n/a | n/a |
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | n/a | -2.9% | +1.0% |
| XPEL XPEL | United States | $1.06B | -12% | +13% | 14% | 16.5× | n/a | n/a |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 31.0× | 24.9% | +15.5% |
| Standard Motor Products SMP | United States | $993M | +10% | +6% | 11% | 9.3× | -8.5% | +9.7% |
| Guizhou Tyre 000589.SZ | China | $974M | -18% | +8% | 8% | 8.7× | n/a | n/a |
| Haian Rubber 001233.SZ | China | $1.82B | +9% | -4% | 23% | 25.6× | 1.8% | +13.7% |
| Jiangsu General Science Technology 601500.SS | China | $831M | -25% | +11% | 5% | 14.6× | -3.5% | +19.8% |
| Nokian Renkaat TYRES.HE | Finland | $2.21B | +37% | +5% | 6% | 27.4× | 19.4% | +0.9% |
| Bengal & Assam BENGALASM.NS | India | $688M | -13% | +12% | 13% | n/a | 19.9% | -25.6% |
| Shandong Linglong Tyre 601966.SS | China | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% | +6.0% |
| Nankang Rubber Tire 2101.TW | Taiwan | $607M | -18% | +10% | 26% | n/a | -15.5% | -2.8% |
| Qingdao Sentury Tire 002984.SZ | China | $2.62B | -25% | +2% | 8% | 16.7× | 3.4% | +12.8% |
| Aeolus Tire 600469.SS | China | $598M | -30% | +2% | 4% | n/a | n/a | n/a |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | China | $2.70B | -19% | +14% | 8% | 9.7× | n/a | n/a |
| Giti Tire 600182.SS | China | $578M | -22% | -1% | 10% | n/a | -5.6% | +11.6% |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 16.6× | 15.6% | +10.7% |