toyoda gosei

Toyoda Gosei Sees Operating Profit Halve for FY2019 Due to Coronavirus

Toyoda Gosei Co. Ltd. (TYO:7282) recently posted its business results for fiscal 2019, revealing year-on-year decreases in a number of performance metrics. This included sales revenue of 812.94 billion yen ($7.6 billion), down 3.3 percent year-on-year; operating profit of 17.89 billion yen, down 51 percent; and net profit of 11.23 billion yen, down 51.8 percent. In Japan specifically, Toyoda Gosei’s...

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Toyoda Gosei to Restructure Indian Production Subsidiaries in Effort to Construct Flexible Supply System

Toyoda Gosei Co. Ltd. (TYO:7282) is planning to restructure its Indian production subsidiaries in an effort to build a more optimal production network in the country. By the end of 2020, the company intends to transfer its entire stake in subsidiary Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). At present, Toyoda Gosei’s...

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Toyoda Gosei Names Toru Koyama as Next President

Toyoda Gosei Co. Ltd. (TYO:7282) named Executive Vice President Toru Koyama as its next president at a board meeting held on March 20. The company also appointed current president Naoki Miyazaki as its next chairman at the same meeting. Both of these appointments will be officially made at Toyoda Gosei’s general shareholders’ meeting scheduled to be held in June and...

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Interview: Toyoda Gosei President Naoki Miyazaki Explains Plans to Boost Revenue in 2020

Facing a tough market and a need for innovation, Toyoda Gosei Co. Ltd. (TYO:7282) has been making a range of moves to solidify its business foundations and pave the path for future growth. Company president Naoki Miyazaki recently sat down with Japan Rubber Weekly to give some insight into these plans. To begin with, Miyazaki noted that 2019 saw Toyoda...

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Toyoda Gosei Becomes First Domestic Manufacturer With Sustainability-Linked Loan

Toyoda Gosei Co. Ltd. (TYO:7282) has contracted with MUFG Bank Ltd. for a sustainability-linked loan, making it Japan’s first domestic manufacturing company to take out this type of loan. Sustainability-linked loans are financial products that offer advantages such as preferential interest rates to incentivize the achievement of sustainability goals. They are also characterized by having less restrictions on use of...

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Toyoda Gosei Set to Exhibit e-Rubber at CES 2020

Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it plans to exhibit its e-Rubber material at CES 2020, a four-day trade show in Las Vegas, Nevada. This will be the company’s first appearance at CES, which for 2020 is slated to be held over Jan. 7–10. CES 2020 is set to see a focus on augmented reality (AR), which is...

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