toyoda gosei

Toyoda Gosei to Increase Production Capacity in North America

Toyoda Gosei will increase the production capacity of its U.S. subsidiaries TG Missouri (TGMO) and TG Kentucky (TGKY) in order to respond to expanding sales of automotive interior and exterior parts in North America. The investment will be approximately 3.1 billion yen ($20.88 million) for TGMO and approximately 5.7 billion yen for TGKY. The expanded capacity is scheduled to start...

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Toyoda Gosei to Dissolve UK Operations as Part of Structural Reforms

Toyoda Gosei has decided to dissolve its subsidiary Toyoda Gosei UK (TGUK) as part of the profit structure reform of its European business. The company will aim to grow its business in Europe with Toyoda Gosei Czech Republic (TGCZ) playing a key role in the future. Amid the drastic changes in the automotive industry, the company is promoting structural reform...

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Toyoda Gosei Develops AI-based System for Truck Loading Capacity

Toyoda Gosei has developed a system that uses AI to automate the calculation of truck loading capacity in order to improve transportation efficiency during product delivery, and has begun operating the system at its Miyoshi Distribution Center in Miyoshi City, Aichi Prefecture. The system is expected to reduce the number of truck trips by approximately 4,400 per year, leading to...

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Toyoda Gosei Announces 2030 Business Plan

Toyoda Gosei announced its mid- to long-term management plan, the 2030 Business Plan. Under the new medium-term plan, the company aims by 2030 for sales revenue of 1.2 trillion yen ($8.23 billion), operating profit of 100 billion yen, an operating profit margin of 8%, and ROE of 10%. President Katsumi Saito said that the biggest challenge for future growth is...

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Toyoda Gosei Strengthens Alliance with Ashimori Industries

Toyoda Gosei has signed a basic agreement with Ashimori Industries and its largest shareholder, Japan Wool Textile, respectively, to strengthen their capital and business alliance in the safety systems business. Safety system products such as airbags, seatbelts, and steering wheels are required to evolve in function and performance with the spread of electric vehicles and automated driving technology. In addition,...

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Toyoda Gosei Achieves Double-digit Growth in Sales and Profit in First Quarter

Toyoda Gosei posted a 23.8% increase in revenue to 259.32 billion yen ($1.8 billion) in the first quarter (April-June 2023) of the fiscal year ending March 31, 2024. The company further increased operating income by 421.4% to 16.38 billion yen, and net income by 344.0% to 11.61 billion yen. By segment, sales revenue in Japan increased 23.7% to 107 billion...

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