Toyota Boshoku wants to make your car ride more comfortable. The company develops auto interior components, including seats, fabric goods, air bags, and seat belt webbing. Toyota Boshoku also makes air, oil, and gas filters, power train components, and bumpers and fender liners. The company uses recycled materials in its products to reduce the impact on the environment. Founded in 1918 by Toyoda Boshoku Sieto, the company makes seats for Toyo Motor's Yaris model. Toyota Boshoku has about 70 locations around the globe. Toyota Motor is a leading shareholder.
The company has its head office in Kariya-shi. The group operates 86 companies in North and South America, Asia and Oceania, China, Europe and Africa, and in Japan.
Toyota Boshoku is a manufacturing company, producing interior components, filtration and powertrain, textiles and exterior components.
It develops the entire interior space of vehicles followed by development, design, procurement and production, as an interior system supplier for automobile manufacturers. It provides integrated and effectively coordinated systems of interior space with seats, door trims, headliners, floor carpets and other components.
Using world-leading filtration technology, Toyota Boshoku produces air induction system products, lubricating system products for engines such as oil filters with replaceable elements, vehicle air conditioning filtration system products and other products.
In the textile business, Toyota Boshoku develops materials in such fields as seat fabrics, fabrics for airbags, and cabin headliner materials while undertaking concerted efforts that give full consideration to creating environmentally friendly products.
The company produces seats for the new E7 Hokuriku Bullet Train "Gran class" train car.
In fiscal 2015 (March year end), net sales increased by 7%.
Net income decreased by ¥7.4 billion that year due to increased impairment loss and loss on business liquidation, partially offset by increased sales.
In fiscal 2015 Toyota Boshoku's net cash provided by the operating activities increased by 32% due to a change in trade notes and accounts receivable.
Toyota Boshoku instituted its long-term management vision "2020 Vision" and "Mid-term Management Plan until 2015" with the aim to achieving its major goals by 2020.It continues to expand its business around the world.
Mergers and Acquisitions
To enhance the competitiveness of its automotive seats, in 2014 Toyota Boshoku agreed to acquire the mechanical seat frame component business operated by Aisin Seiki and Shiroki. Toyota Boshoku considered that the integration of its seat frame business with the mechanical seat frame component business operated by Aisin Seiki and Shiroki would enable Toyota Boshoku to further increase its technology development capabilities and to deliver ever-better seats with higher added value that meet the various needs of automakers.
The company ramped up its interior operation in mid-2011 with the acquisition of Austria-based POLYTEC Holding's interior business. The deal will give Toyota Boshoku manufacturing and research facilities in Germany, Poland, and South Africa. Toyota Boshoku agreed in 2009 to merge its automotive fabric business with Kawashima Selkon Textiles and Toyota Tsusho Corporation. The new company, which is named TB Kawashima, will produce fabrics for seats and doors, headliners, as well as other interior fabrics for automobiles, trains, and aircraft. Toyota Boshoku holds a 35% stake in the joint venture. The company is also partnered with Japan-based automotive parts maker Aisin Seiki to produce car interior parts in Poland. The joint venture, which is 70% controlled by Toyota Boshoku, is called TBAI Poland. Production, scheduled to begin in 2011, will supply the company's seat plants in Russia and Turkey.