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About TOYOTA BOSHOKU CORPORATION

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, powertrain components, door trims, package trays, and bumpers and fender liners. The company uses recycled materials in its products to reduce the impact on the environment. Founded in 1918 by Sakichi Toyoda, the company makes seats for Toyota Yaris model. Toyota Boshoku has about 100 companies around the globe. The company generates more than half of total sales from its home country, Japan.

Operations

Toyota Boshoku is a manufacturing company, producing interior components, filtration, textiles and exterior components.

The company's Seat business (around 70% of total sales) develops seats that elicit the maximum potential of each car, seats that make the vehicle easier to drive and that ensure the ultimate in comfort and pleasure. Its products include sports seats and seat frames. 

Interior & Exterior business (some 20%) strives to deliver automobile interior spaces in which people from every country and region of the world. Products include interior systems, fender liners, and headliners. 

The remaining sales are from: Unit Components business, which manufactures filters, air induction systems, electric powertrain, and fuel cell products; and others including seat fabrics, webbings, and curtain-shield airbags.

Geographic Reach

Toyota Boshoku has its head office in Kariya-shi, Aichi. The company has business development facilities in more than 25 countries and regions, and  operates nearly 100 companies in the Americas, Asia and Oceania, China, Europe and Africa, and in Japan.

Toyota Boshoku generates about 55% of total sales in Japan, nearly 25% from Asia and Oceania, almost 20% from North, Central, and South America, and the remainder from Europe and Africa. 

Financial Performance

Revenue for the year ended 2020 dipped 3% to ¥1.4 trillion, compared to the previous year.

Net income totaled ¥24.8 billion, a 10% decline from the previous year.

The company's cash for the year ended 2020 was ¥163.4 billion. Operating activities generated ¥79.7 billion, while investing activities used ¥54.2 billion, mainly for capital expenditures. Financing activities used another ¥14 billion, primarily for dividends.

Strategy

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.

Company Background

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.

TOYOTA BOSHOKU CORPORATION

1-1, TOYODACHO
KARIYA, AIC 448-0848
Phone: 81 0566-23-6611

Firm Stats

Employer Type: Publicly Owned
Chairman, CEO: Shigetoshi Miyoshi
EVP: Mitsuyuki Noguchi
President: Shuhei Toyoda

Major Office Locations

KARIYA, AIC

Other Locations

Irvine, CA
Princeton, IN
Bardstown, KY
Harrodsburg, KY
Novi, MI
Atsugi, Japan
Chita-Gun, Japan
Chiyoda-Ku, Japan
Fujinomiya, Japan
Gifu, Japan
Gotemba, Japan
Hamamatsu, Japan
Hamura, Japan
Hiroshima, Japan
Ichinomiya, Japan
Inabe, Japan
Isawa-Gun, Japan
Kariya, Japan
Koka, Japan
Kurokawa-Gun, Japan
Miyawaka, Japan
Nakano-Ku, Japan
Nisshin, Japan
Niwa-Gun, Japan
Osaka, Japan
Susono, Japan
Tahara, Japan
Tajimi, Japan
Toyohashi, Japan
Toyonaka, Japan
Toyota, Japan
Elmira, Canada
München, Germany