Negative Net Worth at U.S. and Brazilian Subsidiaries
First written in FY2017. 5 of 6 entries say "Worsened", first in FY2018. Latest entry: FY2026.
Tachi-S moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 19 of 47 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「TACHI-S Automotive Seating U.S.A., LLC had net liabilities of ¥10,756 million (US$68 million).」
Net liabilities at the U.S. subsidiary increased from ¥8,152 million in the previous fiscal year to ¥10,756 million. - FY2023WorsenedAnnual report
「TACHI-S Automotive Seating U.S.A., LLC had net liabilities of ¥8,152 million (US$61 million). TACHI-S Brasil Industria de Assentos Automotivos Ltda. had net liabilities of ¥4,092 million (BRL162 million).」
Net liabilities at the U.S. subsidiary increased from ¥5,524 million in the previous disclosure to ¥8,152 million, while those at the Brazilian subsidiary increased from ¥3,154 million to ¥4,092 million. - FY2022WorsenedAnnual report
「TACHI-S Automotive Seating U.S.A., LLC had net liabilities of ¥5,524 million (US$48 million). TACHI-S Brasil Industria de Assentos Automotivos Ltda. had net liabilities of ¥3,154 million (BRL156 million).」
Net liabilities at the U.S. subsidiary increased from ¥3,417 million in the previous disclosure to ¥5,524 million. The Brazilian subsidiary had net liabilities of ¥3,154 million. - FY2020WorsenedAnnual report
「TACHI-S Automotive Seating U.S.A., LLC had net liabilities of ¥3,417 million (US$31 million). TACHI-S Brasil Industria de Assentos Automotivos Ltda. had net liabilities of ¥318 million (BRL11 million). PT.TACHI-S Indonesia had net liabilities of ¥12 million (IDR1,600 million).」
Net liabilities at the U.S. subsidiary increased from the previous fiscal year, while those at the Brazilian subsidiary decreased. Net liabilities at the Indonesian subsidiary were newly disclosed. - FY2018WorsenedAnnual report
「TACHI-S Automotive Seating U.S.A., LLC had net liabilities of ¥2,411 million (US$22 million). TACHI-S Brasil Industria de Assentos Automotivos Ltda. had net liabilities of ¥3,545 million (US$33 million). TACHI-S Engineering Europe S.A.R.L. had net liabilities of ¥796 million (€6 million).」
Net liabilities at the U.S. and Brazilian subsidiaries increased from the previous fiscal year, and net liabilities at the European subsidiary were newly disclosed. - FY2017First statedAnnual report
「TACHI-S Automotive Seating U.S.A. LLC had net liabilities of ¥2,134 million (US$19 million). TACHI-S Brasil Industria de Assentos Automotivos Ltda. had net liabilities of ¥3,346 million (US$29 million).」
The actual financial position is disclosed: the U.S. and Brazilian subsidiaries had net liabilities of ¥2,134 million and ¥3,346 million, respectively.