Toyota Boshoku

Basic Information

Stock Code
3116
Industry
Transportation Equipment
Category Detail
Auto Parts
Prefecture
Aichi Prefecture
Establishment Year
May 1950
Listing Year
August 1950
Official Website
https://www.toyota-boshoku.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Seiren, TOYO TIRE, Nishikawa Rubber, Aichi Steel, J-Techt, Higashi Press, Nippatsu, JTEKT, Denso, Tokai Rika, Tachies, Futaba Sangyo, Taiheiyo Industrial, Aisin, Toyoda Gosei, Aisan Industry, Murakami Kaimeido, TS Tech, Toyota Tsusho

Overview

Toyota Boshoku is a global company established in 1950, specializing in the manufacture of automotive interior products and filters, and holds the top position in the industry within the Toyota Group.

Current Situation

Toyota Boshoku recorded consolidated sales of 1.4214 trillion yen and operating profit of 60.2 billion yen in the fiscal year ended March 2022, maintaining a stable business foundation. It boasts the top domestic market share in automotive seats and air filters, and maintains strong trading relationships with major domestic and international OEMs. In R&D, it focuses on product innovation incorporating materials science and ergonomics, and has succeeded in developing seats for aircraft. As sustainability initiatives, it promotes the use of eco-friendly materials and energy-saving measures at factories. From 2025 onward, it will strengthen investments in electrification-compatible parts and advanced motor core products, aiming to expand earnings through global deployment. While adapting to the diversifying automotive market, new businesses and overseas market development are key pillars for medium- to long-term growth. It has established an efficient production system by strengthening collaboration with subsidiaries and affiliates, employing 44,000 people as of 2022, making it a major automotive parts manufacturer. It is also advancing corporate activities with an emphasis on social responsibility.

Trivia

Interesting Facts

  • Has history originating from Sakichi Toyoda's invention of the automatic loom
  • Rare auto parts manufacturer retaining 'Boshoku' (spinning and weaving) in its name
  • Track record supplying seats for Hokuriku Shinkansen Gran Class
  • Widely known by the abbreviation 'TB' within the Toyota Group
  • Also Japan's largest air filter manufacturer
  • Operates a women's basketball corporate team
  • Expanding into aircraft seat manufacturing
  • Multiple overseas bases promoting global expansion
  • Background of separation and independence from former Toyoda Boshoku shortly after founding in 1950
  • Diversified business including residential wallpaper products beyond automobiles

Hidden Connections

  • Close business collaboration with Toyota Group companies such as Toyoda Automatic Loom and Toyota Motor
  • Strong capital and business ties with Aisin Seiki and Denso
  • Subsidiaries like Toyota Boshoku Kyushu conduct extensive business domestically and internationally
  • Established parts supply track record to non-Toyota Group such as BMW
  • Regional contributions through operation of women's basketball team Toyota Boshoku Sunshine Rabbits
  • Comprehensive talent development system including global training center
  • Historical traditional company leading Japan's automotive parts industry
  • Contributes to automakers' ESG evaluations through development of environmentally considerate products

Future Outlook

Growth Drivers

  • Increasing demand for EV and hybrid vehicle parts
  • Recovery and expansion of global automotive market
  • Strengthened collaboration within and outside Toyota Group
  • Promotion of new technology development compliant with environmental regulations
  • Growth in aircraft seat market
  • Expansion of production bases in Asia, North America, and Europe
  • Improved production efficiency through digital technology utilization
  • Expansion of demand for sustainable materials development
  • Increasing needs for safety performance improvements
  • High value-added interior products

Strategic Goals

  • Expansion of motor core share for electric vehicles
  • Promotion of product development achieving environmental impact reduction
  • Strengthening and efficiency of global supply system
  • Sales expansion in aircraft seat business
  • Achievement of 50% sustainable material usage
  • Strengthened coexistence with local communities
  • Promotion of technological innovation through advanced talent development
  • Strengthened earnings base through diversified business expansion
  • Company-wide digitalization and smart factories
  • Enhanced corporate value through realization of ESG management

Business Segments

Automotive Interior Products Supply

Overview
Consistently supplies high-quality interior products to domestic and international automakers.
Competitiveness
Stable supply through collaboration with Toyota Group
Customers
  • Toyota Motor Corporation
  • Nissan Motor
  • Honda
  • Mazda
  • Mitsubishi Motors
Products
  • Seat Frames
  • Door Trim
  • Floor Carpet
  • Headliner Trim

Automotive Filter Manufacturing

Overview
Manufactures high-function filters that contribute to cabin comfort and fuel efficiency.
Competitiveness
Technological accumulation from domestic top market share
Customers
  • Major Domestic Automakers
  • Overseas Auto Plants
Products
  • Air Filters
  • Oil Filters
  • Cabin Filters

Powertrain Parts Supply

Overview
Provides advanced powertrain parts for environmentally friendly vehicles.
Competitiveness
Technological strength in fuel cell vehicle-related parts
Customers
  • Toyota Motor Corporation
  • Aisin
  • Denso
Products
  • Hybrid Motor Cores
  • Fuel Cell Stack Manifolds
  • Cell Separators

Aircraft Seat Manufacturing

Overview
Develops and manufactures comfortable, lightweight seats for aircraft.
Competitiveness
Track record in seat development for aircraft market
Customers
  • All Nippon Airways
  • Boeing
  • Domestic Airlines
Products
  • Premium Aircraft Seats
  • Seat Covers

Textile Products and Uniform Manufacturing

Overview
Provides durable and stylish business textile products.
Competitiveness
Custom proposal capabilities tailored to customer needs
Customers
  • Corporations
  • Government Agencies
  • Service Industries
Products
  • Uniforms
  • Business Textile Products
  • Wallpaper Decorative Materials

Asia Region Supply

Overview
Manages supply to Asian markets such as Thailand and China.
Competitiveness
Extensive regional coordination network and production bases
Customers
  • Local Automakers
  • Parts Exporters
Products
  • Interior Parts
  • Filters

North/Central/South America Region Supply

Overview
Supplies diverse parts to North and South American markets.
Competitiveness
Rapid response capabilities through local subsidiaries
Customers
  • U.S./Mexico/Brazil Auto Plants
Products
  • Interior Seats
  • Filters
  • Engine Parts

Europe Region Supply

Overview
Provides specialized products and support for the European market.
Competitiveness
Advanced technology development and local production system
Customers
  • European Automakers
  • Related Parts Suppliers
Products
  • Seat Frames
  • Interior/Exterior Parts
  • Environmentally Compliant Parts

Motorcycle Parts Supply

Overview
Manufactures and sells high-quality parts dedicated to motorcycles.
Competitiveness
Highly rated part quality for durability
Customers
  • Domestic and International Motorcycle Makers
Products
  • Ignition Coils
  • Motorcycle Seats

Logistics and Service Business

Overview
Deploys efficient logistics and services to reduce environmental impact.
Competitiveness
Operations leveraging group synergies
Customers
  • Group Companies
  • External Customers
Products
  • Logistics Services
  • Environmental Technology Services

Competitive Advantage

Strengths

  • Strong collaboration within the Toyota Group
  • Domestic No. 1 in automotive interior seats
  • Domestic top in air filter manufacturing
  • Diverse product lineup and technological capabilities
  • Global production and sales network
  • Solid financial base and stable profitability
  • Abundant R&D resources
  • Advanced manufacturing technology and talent development
  • Risk diversification through multinational expansion
  • Development capabilities for environmentally compliant products
  • High-quality customer service
  • Entry into the aircraft sector
  • Diversification of interior textile products
  • Stable management through solid capital alliances
  • Advanced supply chain management

Competitive Advantages

  • Seamless transaction environment within Toyota Group
  • Proven innovative material development in seat manufacturing
  • High market share in air filter field
  • Flexible response to diverse customer needs
  • Technological superiority in advanced powertrain parts
  • Broad and high-utilization production bases domestically and internationally
  • Advanced engineering and design capabilities
  • Early launch of products compliant with environmental regulations
  • Proactive sustainability initiatives
  • Unique technology deployment in aircraft seats
  • Strong presence in Southeast Asia and North America
  • Strengthened collaboration with strategic partner companies
  • Long-term trust relationships with customer manufacturers
  • Adaptability to multi-variety small-lot production
  • Continuous improvement in high-efficiency production technology

Threats

  • Structural changes from automotive electrification and EV shift
  • Instability in global parts supply chains
  • Rising raw material costs and foreign exchange risks
  • Intensifying competition from new entrants
  • Increased burden from stricter environmental regulations
  • Geopolitical risks in emerging markets
  • Impact of external factors such as semiconductor shortages
  • Delays in technological shifts for next-generation auto parts
  • Uncertainty in production and sales due to COVID-19 etc.
  • High transaction dependency from customer concentration
  • Labor shortages and talent acquisition challenges
  • Delays in addressing environmental destruction and social issues

Innovations

2024: Environmentally Responsive Seats with Green Materials

Overview
Successfully developed automotive seats using new biomass materials.
Impact
Contributes to 20% reduction in product environmental impact

2023: Mass Production Start of Motor Core Parts for Electric Vehicles

Overview
Began mass production of high-efficiency motor cores compatible with hybrids and electric vehicles.
Impact
Contributes to sales growth in new markets

2022: Development of Lightweight Aircraft Seat Technology

Overview
Newly developed lightweight and comfortable seat structures for aircraft.
Impact
Adopted by ANA Boeing aircraft

2021: Acceleration of Smart Factory Automation

Overview
Accelerated automation of production lines using IoT and AI.
Impact
15% improvement in production efficiency

2020: Development of High-Performance Air Filter Technology

Overview
Launched new air filters excelling in PM2.5 countermeasures.
Impact
Contributes to domestic market share expansion

Sustainability

  • Factory energy-saving initiatives aimed at reducing environmental impact
  • Active adoption of biomass materials
  • Achievement of over 90% waste recycling rate
  • Contributions through environmental beautification activities with local communities
  • Workplace environment improvements to protect employee health and safety