Company Name |
Toyota Boshoku Corporation |
Year Established
|
15 May 1950
|
Chief Officer
|
Shuhei Toyoda (President)
|
Address
|
1-1 Toyoda-cho, Kariya-shi, Aichi 448-0848, Japan
|
URL
|
|
E-Mail
|
This email address is being protected from spambots. You need JavaScript enabled to view it.
|
Phone
|
+81-566-23-6611 begin_of_the_skype_highlighting +81-566-23-6611 end_of_the_skype_highlighting
|
FAX
|
+81-566-26-0400
|
Number of Employees
|
27,613 employees (As of Mar. 31, 2010)
|
Sales
|
953,729m JPY (FY ended Mar. 31, 2010)
|
Location in
Thailand
|
TOYOTA BOSHOKU GATEWAY (THAILAND) CO., LTD.
Address : 182 MOO.7GATEWAY INDUSTRIAL ESTATE TAMBOL HUA-SAMRONG, AMPHUR PLANGYAO, CHACHOENGSAO 24190 THAILAND
Telephone : (038) 575-236-40
Fax : (038) 575-245
Website : http://www.tbgt.co.th/
|
Shareholders (As of Mar. 31, 2010)
|
Listed on the Tokyo Stock Exchange and the Nagoya Stock Exchange
Name or Company name
|
Investment Ratio (%)
|
Toyota Motor Corp.
|
39.36
|
Towa Real Estate Co., Ltd.
|
9.78
|
Denso Corp.
|
5.43
|
Japan Trustee Services Bank, Ltd.
|
4.54
|
Toyota Industry Corp.
|
4.13
|
NHK Spring Co., Ltd.
|
3.85
|
The Master Trust Bank of Japan, Ltd.
|
2.72
|
Toyota Tsusho Corp.
|
2.33
|
Employees Stockholding
|
0.95
|
JP Morgan Chase Bank 385078
|
0.85
|
Total
|
73.94
|
|
*All data in the report are on a consolidated basis, unless otherwise stated.
|
Overview
|
-The only fabric supplier in the Toyota Group. -Leading supplier of air filters in Japan. -Overview of business 1) Development of automotive interior systems; manufacture and sales of automotive interior products 2) Manufacture and sales of automotive filters and power train components 3) Manufacture and sales of other automotive components 4) Production and sales of fabric goods
|
Products
|
Interior Components Dash silencers Floor mats Floor carpets Floor silencers Seats Package trays Door trim Partition nets Luggage nets Tonneau covers Wood panels Molded headliners Electric sunshades Headliner lightings
Filtration & Power Train Components Filtration system products Air filters Air cleaners Plastic cylinder head covers with built-in air cleaner Plastic intake manifold Resonators Hydrocarbon absorption filters Oil filters Automatic transmission fluid filters Air tubes Cabin air filters Engine covers Timing belt covers Rotation sensors ABS coils
Textiles and Exterior Components Seat fabrics Partition nets SRS curtain-shield airbags Strap belts/ Seat belt webbing Bumpers Fender liners Engine undercovers
|
Customers
|
Toyota, Toyota Auto Body, TMEMNA, Daihatsu, Mitsubishi Motors, Mazda, Isuzu, Denso, Honda
Sales percentage of main customers
|
(%)
|
|
Mar. 2010 |
Mar. 2009 |
Mar. 2008 |
Toyota Motor
|
38.4
|
37.3
|
42.7
|
Toyota Auto Body
|
8.9
|
10.6
|
-
|
Toyota Motor Engineering and Manufacturing North America (TMEMNA)
|
N.A.
|
9.0
|
11.4
|
|
Certifications/ Awards
|
Certifications -ISO14001
|
Highlights FY2009 (FY ended Mar. 31, 2010)
|
Financial Overview
|
(in millions of JPY)
|
|
FY2009
|
FY2008
|
Rate of Change (%)
|
Factors
|
Overall
|
Sales
|
953,729
|
979,775
|
(2.7)
|
1)
|
Operating income
|
25,143
|
14,054
|
78.9
|
-
|
Operating income
|
24,067
|
13,292
|
81.1
|
-
|
Current net income
|
6,882
|
(5,064)
|
-
|
-
|
Automotive component business
|
Sales
|
950,262
|
976,116
|
(2.7)
|
-
|
Factors 1) -Sales decreased due to a decline in production of seats and door trims.
<Japan> -Despite some positive impact by incentive programs by the government for environmentally friendly vehicles, sales decreased 5.0% from the previous year to 553.6 billion yen largely due to a decline in exports, mainly to North America.
<North, Central and South America> -Sales increased 7.0% over a year ago to 164,349 million yen buoyed by increased production of the RAV4 in Canada, new models of the Highlander and Sienna in the U.S. and the Cadillac SRX in Mexico.
<Asia> -New models like the RAV4 in Tianjin and the Highlander in Guangzhou, China contributed to boost sales by 1.3% to 196,303 million yen over the previous year.
<Others> -By impact of a dramatic reduction in production due to the sluggish market, sales decreased 20.8% from a year ago to 39,475 million yen.
Contracts -Followings are major contracts from press releases in 2009.
Maker/ Model |
Products |
Toyota Wish
|
New-generation light-weight seat structure
|
Toyota Crown Majesta
|
Speaker-embedded headrest
|
Fuji Heavy Industries Legacy
|
Plastic intake manifolds for four cylinder engines (2.5-liter 4-cylinder horizontally opposed engine)
|
Toyota i-REAL?Ann
|
Ecological plastic technology
|
Toyota i-REAL?kei
|
Ecological plastic technology
|
Lexus HS250h
|
Ecological plastic technology (Trunk liner, Scuff plate, Tool box, Cowl side trim, Finish plate)
|
Toyota Land Cruiser Prado
|
Seat
|
Toyota SAI
|
Eco-plastic fabrics
|
|
Employees
|
Business Segment
|
Mar. 2009
|
Mar. 2008
|
Mar. 2007
|
Automotive Components
|
26,112
|
25,629
|
25,613
|
Fabrics
|
38
|
49
|
10
|
Others
|
955
|
944
|
785
|
Entire Company
|
508
|
456
|
534
|
Total
|
27,613
|
27,078
|
26,942
|
|
Facilities
|
Major Manufacturing Facilities in Japan (Automotive related)
Name |
Location |
Major products |
Sanage Plant
|
Toyota City, Aichi Pref.
|
Seats, door trim and other interior components
|
Kariya Plant
|
Kariya City, Aichi Pref.
|
Air filters, oil filters, cabin air filters, rotating sensors, ABS coils, etc.
|
Toyohashi-Kita Plant
|
Toyohashi City, Aichi Pref.
|
Seats
|
Gifu Plant
|
Gifu City, Gifu Pref.
|
Bumpers
|
Toyohashi-Minami Plant
|
Toyohashi City, Aichi Pref.
|
Door trim and seat covers
|
Fujisusono Plant
|
Susono City, Shizuoka Pref.
|
Seats and door trims
|
Oguchi Plant
|
Niwa-gun, Aichi Pref.
|
Molded headliners, seat fabric, silencers, blended yarn, airbag ground fabric,?fender liners, etc.
|
Fujioka Plant
|
Toyota City, Aichi Pref.
|
Door trim
|
Takaoka Plant
|
Toyota City, Aichi Pref.
|
Seats and door trim
|
Tsutsumi Plant
|
Toyota City, Aichi Pref.
|
Floor carpets and other interior components
|
Gotemba Plant
|
Gotemba City, Shizuoka Pref.
|
Seats and door trim
|
Tsuchihashi Plant
|
Toyota City, Aichi Pref.
|
Seats and seat covers
|
Kisogawa Plant
|
Ichinomiya City, Aichi Pref.
|
Straps and other interior components
|
Inabe Plant
|
Inabe City, Mie Pref.
|
Interior components
|
Toyohashi-Higashi Plant
|
Toyohashi City, Aichi Pref.
|
Floor carpets
|
Tahara Plant
|
Tahara City, Aichi Pref.
|
Interior components
|
Tokyo Plant
|
Hamura City, Tokyo
|
Door trims and intake manifolds
|
|
Subsidiaries/ Affiliates
|
Major Subsidiaries and Affiliates (Automotive related)
Company
|
Location
|
Business line
|
Voting rights/ ownership ratio (%)
|
Consolidated Subsidiaries
|
Cowerk Co., Ltd.
|
Aichi Pref., Japan
|
Manufacture and marketing of interior components
|
52.0
|
Kyoei Araco Co., Ltd.
|
Aichi Pref., Japan
|
Manufacture and sales of seats and seat covers
|
59.5
|
Toyota Boshoku Kyushu Corporation
|
Saga Pref., Japan
|
Manufacture of seats, door trim, and other interior components
|
100.0
|
Toyota Boshoku Shiga Corporation
|
Shiga Pref., Japan
|
Manufacture of filters, power train components, auto interior and exterior components
|
N.A.
|
Toyota Boshoku Tohoku
|
Iwate Pref., Japan
|
Manufacture and sales of seats and other interior components
|
N.A.
|
TB Sewtech Kanto Corporation
|
Shizuoka Pref., Japan
|
Manufacture and sales of seat covers and other interior components
|
N.A.
|
TB Sewtech Kyusyu Corporation
|
Saga Pref., Japan
|
Manufacture and sales of seat covers
|
N.A.
|
TB Sewtech Tohoku Corporation
|
Iwate Pref., Japan
|
Manufacture and marketing of interior components
|
N.A.
|
Trim Masters Inc.
|
Kentucky, USA
|
Manufacture and marketing of seats and interior components
|
46.0
|
TBDN Tennessee Company
|
Tennessee, USA
|
Manufacture and marketing of air cleaners, cabin air filters and fuel filters
|
51.0
|
TB Auto Parts Management Co., Ltd.
|
Delaware, USA
|
-
|
100.0
|
Toyota Boshoku America Inc.
|
Kentucky, USA
|
Development, design, manufacture and marketing of interior components
|
100.0
|
ARJ Manufacturing LLC.
|
Tennessee, USA
|
Manufacture and marketing of seats and interior components
|
65.0
|
Toyota Boshoku Manufacturing Kentucky LLC.
|
Kentucky, USA
|
Manufacture and marketing of molded headliners
|
100.0
|
Master Trim de Argentina SRL
|
Buenos Aires, Argentina
|
Manufacture and marketing of seats and interior components
|
49.0
|
Toyota Boshoku Canada
|
Ontario, Canada
|
Manufacture and marketing of seats and interior components
|
100.0
|
Toyota Boshoku Mississippi, LLC.
|
Mississippi, USA
|
Manufacture and marketing of seats and interior components
|
100.0
|
Toyota Boshoku Indiana, LLC.
|
Indiana, USA
|
Manufacture and marketing of seat frames and seat urethane
|
100.0
|
Automotive Technology Systems LLC.
|
Illinois, USA
|
-
|
100.0
|
Total Interior Systems-America, LLC
|
Indiana, USA
|
Manufacture and marketing of seats and door trim
|
N.A.
|
TB de Mexico, S.A. de C.V.
|
Coahuila, Mexico
|
Manufacture and sales of seats and seat covers
|
N.A.
|
Shin San Shing Co., Ltd.
|
Xinzhu, Taiwan
|
Manufacture and marketing of seats and interior components
|
47.0
|
Toyata Boshoku (China) Co., Ltd.
|
Shanghai, China
|
Development and design of seats and interior components
|
100.0
|
Ningbo Araco Co., Ltd.
|
Ningbo, China
|
Manufacture and marketing of seat covers
|
75.0
|
Tianjin Intex Auto Parts Co., Ltd.
|
Tianjin, China
|
Manufacture and marketing of seats and interior components
|
75.0
|
Guangzhou Intex Auto Parts Co., Ltd.
|
Guangzhou, China
|
Manufacture and marketing of seats, door trim and molded headliners
|
75.0
|
Feng'ai (Guangzhou) Automotive Seat Parts Co., Ltd.
|
Guangzhou, China
|
Manufacture and marketing of metal components for automotive seats
|
51.0
|
Toyota Boshoku Foshan Co., Ltd.
|
Foshan, China
|
Manufacture and marketing of oil filters
|
60.0
|
Tianjin Feng'ai Automotive Seat Parts Co., Ltd.
|
Tianjin, China
|
Manufacture and marketing of metal components for automotive seats
|
51.0
|
Shanghai Toyota Boshoku Automotive Parts Co.,Ltd.
|
Shanghai, China
|
Manufacture and sales of seat belt webbings and interior components
|
N.A.
|
Chengdu Toyota Boshoku Automotive Parts Co.,Ltd.
|
Chengdu, China
|
Manufacture and marketing of seats and interior components
|
N.A.
|
Guangzhou Intex Auto Parts Co.,Ltd.
|
Guangzhou, China
|
Manufacture and marketing of seats and interior components
|
N.A.
|
Kunshan Toyota Boshoku Automotive Parts Co.,Ltd.
|
Kunshan, China
|
Manufacture and sales of door trims and interior components
|
N.A.
|
Toyota Boshoku Ningbo Co.,Ltd.
|
Ningbo, China
|
Manufacture and sales of seat fabrics and floor mats
|
N.A.
|
Tianjin Kahou Automobile Decoration Co., Ltd.
|
Tianjin, China
|
Manufacture and marketing of seats and interior components
|
N.A.
|
Tianjin Toyota Boshoku Automotive Parts Co.,Ltd.
|
Tianjin, China
|
Manufacture and sales of filters and power train components
|
N.A.
|
PT. Toyota Boshoku Indonesia
|
Jakarta, Indonesia
|
Manufacture and marketing of seats and interior components
|
81.8
|
Toyota Boshoku UMW Sdn. Bhd.
|
Shah Alam, Malaysia
|
Manufacture and marketing of seats and interior components
|
N.A.
|
Toyota Boshoku Philippines Corporation
|
Laguna, Philippines
|
Manufacture and marketing of seats and interior components
|
N.A.
|
Toyota Boshoku Gateway (Thailand) Co., Ltd.
|
Chachoengsao, Thailand
|
Manufacture and marketing of seats and door trim
|
100.0
|
Toyota Boshoku Automotive India Private Limited
|
Karnataka, India
|
Manufacture and marketing of seats, interior components and molded products
|
95.0
|
Toyota Boshoku Asia Co., Ltd.
|
Samutprakarn, Thailand
|
Supply of seats and interior component oil filters
|
100.0
|
Toyota Boshoku Filtration System (Thailand) Co., Ltd.
|
Layong, Thailand
|
Manufacture and marketing of oil filters and other filters, and molded headliners
|
60.0
|
Toyota Boshoku Siam Metal Co., Ltd.
|
Chonburi, Thailand
|
Manufacture and sales of metal components for seats
|
87.1
|
S.K. Auto Interior Co.,Ltd.
|
Chachoengsao, Thailand
|
Manufacture and marketing of interior components
|
N.A.
|
Thai Seat Belt Co., Ltd.
|
Chonburi, Thailand
|
Manufacture and sales of seat belts and webbings
|
N.A.
|
Toyota Boshoku Haiphong Co., Ltd.
|
Haiphong, Vietnam
|
Manufacture and marketing of curtain-shield air bags
|
100.0
|
Toyota Boshoku Hanoi Co., Ltd.
|
Haiphong, Vietnam
|
Manufacture and marketing of seats and interior components
|
N.A.
|
Toyota Boshoku Turkiye Otomotiv Sanayi Ve Ticaret A.S.
|
Adapazari, Turkey
|
Manufacture and marketing of seats and interior components
|
90.0
|
Toyota Boshoku Australia PTY. Ltd.
|
Victoria, Australia
|
Manufacture and marketing of seats and interior components
|
85.0
|
Toyota Boshoku Europe N.V.
|
Zaventem, Belgium
|
Research on European motor vehicles, and manufacture and marketing of interior components
|
100.0
|
Toyota Boshoku South Africa (PTY) Ltd.
|
KwaZulu-Natal, South Africa
|
Manufacture and marketing of seats, door trim and other interior components
|
85.0
|
Toyota Boshoku Somain S.A.S.
|
Nord-Pas-de-Calais, France
|
Manufacture and sales of seats
|
100.0
|
Toyota Boshoku France S.A.S.
|
Nord-Pas-de-Calais, France
|
Manufacture and sales of bumpers
|
N.A.
|
Toyota Boshoku LLC
|
St. petersburg, Rusia
|
Manufacture and marketing of seats
|
N.A.
|
TBAI Poland Sp.z o.o.
|
Dolnoslaskie, Poland
|
Manufacture and sales of seat frames and seat covers
|
N.A.
|
TBMECA Poland Sp.z o.o.
|
Legnica, Poland
|
Manufacture and sales of filters and power train components
|
N.A.
|
TRIM Leader, a.s.
|
Martin, Slovakia
|
Manufacture and sales of seat covers
|
N.A.
|
Affiliated Companies Accounted for under the Equity Method
|
Naruco Corporation
|
Aichi Pref., Japan
|
Manufacture and sales of auto components
|
20.0
|
Toyota Body Seiko Co., Ltd.
|
Aichi Pref., Japan
|
Manufacture and marketing of auto components
|
33.6
|
TB Kawashima Co., Ltd.
|
Shiga Pref., Japan
|
Manufacture and sales of interior materials
|
N.A.
|
High Need Industry Co., Ltd.
|
Gifu Pref., Japan
|
Manufacture and sales of interior/ exterior materials
|
N.A.
|
Tianjin Kahou Automobile Decoration Co., Ltd.
|
Tianjin, China
|
Manufacture and marketing of seats and interior components
|
48.0
|
Thai Seat Belt Co., Ltd.
|
Chonburi, Thailand
|
Manufacture and marketing of automobile seat belt assemblies and seat belt webbing
|
N.A.
|
|
Sales data
|
Sales by Segment
|
(in millions of JPY)
|
|
FY2009
|
FY2008
|
FY2007
|
Automotive parts
|
950,262
|
976,116
|
1,229,748
|
Textile
|
1,153
|
1,678
|
816
|
Other
|
2,313
|
1,981
|
3,224
|
Total
|
953,729
|
979,775
|
1,233,789
|
|
Sales by Product
|
(in millions of JPY)
|
|
FY2009
|
FY2008
|
Interior components (Seats and trims)
|
848,457
|
867,700
|
Filter and powertrain parts
|
72,189
|
74,035
|
Fabrics and exterior components
|
33,082
|
38,039
|
|
Sales by Geographic Area
|
(in millions of JPY)
|
|
FY2009
|
FY2008
|
FY2007
|
Sales
|
Operating Profit
|
Sales
|
Operating Profit
|
Sales
|
Operating Profit
|
Japan
|
590,960
|
8,201
|
614,730
|
(6,709)
|
749,290
|
19,783
|
North, Central and South America
|
166,438
|
(12,407)
|
153,686
|
(7,730)
|
233,536
|
7,716
|
Asia
|
203,298
|
27,006
|
201,304
|
27,632
|
221,971
|
31,584
|
Others
|
39,893
|
336
|
50,576
|
(1,042)
|
70,378
|
5,101
|
Total
|
1,000,591
|
23,136
|
1,020,297
|
12,151
|
1,275,177
|
64,186
|
Consolidated elimination
|
(46,861)
|
2,006
|
(40,521)
|
1,903
|
(41,388)
|
1,409
|
Consolidated
|
953,729
|
25,143
|
979,775
|
14,054
|
1,233,789
|
65,596
|
North, Central and South America: USA, Canada, Mexico, Argentina Asia: China, Thailand, Vietnam, Philippines, Indonesia, India Others: Australia, Belgium, Turkey, South Africa
|
Percentage of Overseas Sales within the Consolidated Sales Figures
|
(%)
|
|
FY2009
|
FY2008
|
FY2007
|
North, Central and South America
|
17.3
|
15.9
|
19.2
|
Asia
|
20.2
|
19.3
|
16.6
|
Others
|
4.4
|
5.3
|
5.9
|
Total
|
41.8
|
40.6
|
41.7
|
North, Central and South America: USA, Canada, Mexico, Argentina Asia: China, Thailand Others: Australia, Belgium, Turkey, South Africa
|
Consolidated Financial Data
|
Year ending March 31
|
FY2005
|
FY2006
|
FY2007
|
FY2008
|
FY2009
|
Sales (million yen)
|
877,596
|
1,082,755
|
1,233,789
|
1,233,789
|
953,729
|
Income from ordinary business activities (million yen)
|
37,838
|
52,143
|
65,696
|
65,696
|
24,067
|
Net income (million yen)
|
21,187
|
30,105
|
40,720
|
40,720
|
6,882
|
Net assets (million yen)
|
133,279
|
197,797
|
226,880
|
226,880
|
196,545
|
Total assets (million yen)
|
396,691
|
464,747
|
527,622
|
527,622
|
546,486
|
Book value per share (yen)
|
709.91
|
858.86
|
997.43
|
997.43
|
883.96
|
EPS (yen)
|
111.60
|
160.76
|
217.76
|
217.76
|
37.00
|
Diluted EPS (yen)
|
111.58
|
160.70
|
217.55
|
217.55
|
37.00
|
Net asset ratio (%)
|
33.6
|
34.6
|
35.3
|
35.3
|
30.1
|
ROE (%)
|
17.5
|
20.5
|
23.5
|
23.5
|
4.3
|
PER
|
17.8
|
17.4
|
13.7
|
13.7
|
48.5
|
Cash flow from operating activity (million yen)
|
43,951
|
72,157
|
72,371
|
72,371
|
64,188
|
Cash flow from investment activity (million yen)
|
(45,442)
|
(45,948)
|
(52,434)
|
(52,434)
|
(41,337)
|
Cash flow from financial activity (million yen)
|
5,048
|
(5,885)
|
16,053
|
16,053
|
(13,547)
|
Balance of cash and cash equivalents (million yen)
|
39,256
|
60,089
|
92,280
|
92,280
|
113,124
|
Number of employees
|
21,132
|
24,643
|
26,942
|
26,942
|
27,613
|
|
Non Consolidated Financial Data
|
Year ending March 31
|
FY2005
|
FY2006
|
FY2007
|
FY2008
|
FY2009
|
Sales (million yen)
|
567,305
|
678,259
|
744,861
|
607,272
|
586,586
|
Income from ordinary business activities (million yen)
|
18,847
|
24,134
|
24,610
|
8,411
|
22,344
|
Net income (million yen)
|
13,283
|
16,891
|
18,776
|
3,008
|
5,538
|
Paid-in Capital (million yen)
|
8,400
|
8,400
|
8,400
|
8,400
|
8,400
|
Number of shares outstanding (thousand)
|
187,665
|
187,665
|
187,665
|
187,665
|
187,665
|
Net assets (million yen)
|
102,975
|
116,154
|
127,290
|
122,235
|
125,412
|
Total assets (million yen)
|
255,332
|
286,703
|
333,607
|
338,768
|
407,228
|
Book value per share (yen)
|
548.66
|
620.11
|
680.46
|
653.88
|
671.45
|
Dividend per share (yen)
|
16.00
|
24.00
|
35.00
|
20.00
|
13.00
|
EPS (yen)
|
69.91
|
90.20
|
100.41
|
16.13
|
29.78
|
Diluted EPS (yen)
|
69.89
|
90.16
|
100.31
|
16.13
|
29.78
|
Net asset ratio (%)
|
40.3
|
40.5
|
38.1
|
36.0
|
30.6
|
ROE (%)
|
13.7
|
15.4
|
15.4
|
2.4
|
4.5
|
PER
|
28.4
|
30.9
|
29.7
|
62.7
|
60.3
|
Payout ratio (%)
|
22.9
|
26.6
|
34.9
|
124.0
|
43.7
|
Number of employees
|
6,607
|
6,783
|
7,128
|
7,579
|
7,919
|
|