Toyoda Gosei has developed a system that uses AI to automate the calculation of truck loading capacity in order to improve transportation efficiency during product delivery, and has begun operating the system at its Miyoshi Distribution Center in Miyoshi City, Aichi Prefecture. The system is expected to reduce the number of truck trips by approximately 4,400 per year, leading to...
Toyoda Gosei announced its mid- to long-term management plan, the 2030 Business Plan. Under the new medium-term plan, the company aims by 2030 for sales revenue of 1.2 trillion yen ($8.23 billion), operating profit of 100 billion yen, an operating profit margin of 8%, and ROE of 10%. President Katsumi Saito said that the biggest challenge for future growth is...
Toyoda Gosei has signed a basic agreement with Ashimori Industries and its largest shareholder, Japan Wool Textile, respectively, to strengthen their capital and business alliance in the safety systems business. Safety system products such as airbags, seatbelts, and steering wheels are required to evolve in function and performance with the spread of electric vehicles and automated driving technology. In addition,...
Toyoda Gosei posted a 23.8% increase in revenue to 259.32 billion yen ($1.8 billion) in the first quarter (April-June 2023) of the fiscal year ending March 31, 2024. The company further increased operating income by 421.4% to 16.38 billion yen, and net income by 344.0% to 11.61 billion yen. By segment, sales revenue in Japan increased 23.7% to 107 billion...
Toyoda Gosei held an “Environmental Exhibition” from June 19-23 to share issues related to environmental preservation and case studies of its efforts within the firm. The company has set a goal of zero CO2 emissions by 2050 to achieve a carbon-neutral society. To promote company-wide activities, it has held an environmental exhibition every year since 2016, based on the recognition...
Toyoda Gosei has invested in Friend Microbe, a Nagoya University startup that is developing a wastewater treatment business using microorganisms to reduce waste generated in production processes. The wastewater treatment system established by Friend Microbe uses microorganisms to break down animal and vegetable oil used in food factories in a short time, and has been proven to reduce oily industrial...
