- CEO
- Kenichi Hasegawa
- Full Time Employees
- 2,596
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- 1, Aza Kakihata Inuyama AI Japan 484-8507
- IPO Date
- Sep 4, 2001
- Business
- Imasen Electric Industrial Co., Ltd. manufactures and sells automotive parts, mechanical products, electronic products, wire harnesses, and assistive devices primarily in Japan, North America, and Asia. Founded in 1939 and headquartered in Inuyama, Japan, the company operates through three main segments: Seat and Electrical Equipment Business, offering power seat adjusters, window regulators, reclining and sliding mechanisms, rear combination lamps, electromagnetic swirl horns, and other seat and electrical components; Electronics Business, providing DC converters, power seat and seat heater control ECUs, backup power supplies, rear ESU, dash ESU, inverters, and safety-related electronic control units; and Other Business, including electric wheelchairs, Ropoc prosthesis, non-powered walking support machines, aircraft and machine tool wire harnesses, industrial cameras, image processing boards, molds, and jigs. The company maintains subsidiaries such as Imasen Manufacturing India Private Limited, Imasen Bucyrus Technology Inc. in North America, and facilities in China, Thailand, and the Philippines to support global automotive OEMs and diversification into non-automotive sectors. Recent developments include strengthened collaboration with TS Tech Co., Ltd. for joint production efficiency at plants in India, including leasing land for a new TS India Plant at the IMIP site and utilizing shared space to reduce logistics costs; decision to close the Tennessee plant by end-2024 and consolidate North American seat adjuster production at the Ohio plant; reorganization of domestic factories into the Gifu Plant; voluntary retirement programs in Japan and China to optimize workforce and age distribution; investments in electronics expansion such as new ESU orders, mixed-product lines, and establishment of Mazda Imasen Electric Drive; capacity augmentations in India and China with press lines and coating facilities; sale of cross-shareholdings generating 2.9 billion yen in proceeds during 1Q FY2025 to bolster financial structure; and launch of walking business initiatives through university partnerships and local government agreements.