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...
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...
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...
Toyoda Gosei Co. Ltd. (TYO:7282) recently held the 2019 Global Small Group Activity Conference, an event for highlighting excellent examples of company employees coming up with improvements in the workplace. Held at Sun Court East – a company training facility in Aichi Prefecture, Japan – the event saw approximately 210 attendees. This included Toyoda Gosei executives, as well as representatives...
Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it is looking to double production capacity for automotive rubber weatherstrips at Hubei Toyoda Gosei Zheng Ao Rubber & Plastics Sealing Science and Technology Co. Ltd. (TG Zheng Ao), an affiliate located in Hubei Province, China. By May 2021, Toyoda Gosei aims to have extended its floor space at the location and...
Toyoda Gosei Co. Ltd. (TYO:7282) recently posted results showing increased sales revenue but decreased profits for the first quarter of fiscal 2019. The auto parts manufacturer’s sales revenue for the quarter came to 209.36 billion yen ($1.97 billion) – rising by 1.9 percent year-on-year – while operating profit was down 24 percent to 7.87 billion yen and net profit was...
