Toyoda Gosei Co Ltd 2005 company profile edition 3 - Just-Auto.com

Page 1
Toyoda Gosei Co Ltd
2005 company profile edition 3
© 2004 All content copyright Arog Ltd. All rights reserved.

Page i
Toyoda Gosei Co Ltd
2005 company profile edition 3
November 2005
Published by
Aroq Limited
Seneca House
Buntsford Park Road
Bromsgrove
Worcestershire
B60 3DX
United Kingdom
Tel: +44 (0)1527 573 600
Fax: +44 (0)1527 577 423
Web: www.just-auto.com
Registered in England no: 430706
© 2004 All content copyright Aroq Ltd. All rights reserved.

Page ii
Multi-user licence edition
This report is provided with a cost-effective multi-user licence and can be freely and
legally shared with your colleagues. This agreement includes sharing electronically via
your corporate intranet or the making of physical copies for your company library.
Excluded from this agreement is sharing any part of this publication with, or transmitting
via any means to, anybody outside of your company. For further details regarding the
terms of this licence please contact:
Allyson Thomas
Sales and marketing manager, just-auto.com
Tel: + 44 (0)1527 573 609
Fax: +44 (0)1527 577 423
Email: allyson.thomas@just-auto.com
Copyright statement
© 2004 All content copyright Aroq Limited. All rights reserved.
This publication, nor any part of it, may be copied, reproduced, stored in a retrieval
system, or be transmitted in any form by any means electronic, mechanical,
photocopying, recording or otherwise, for or to persons not employed directly by your
company, without the prior permission of Aroq Limited.
This report is the product of extensive research work. It is protected by copyright under
the Copyright, Designs and Patents Act 1988. Aroq Limited offers a reward of £1,000
for information leading to the successful prosecution for illegal copying of this
document.
The authors of Aroq Limited research reports are drawn from a wide range of
professional and academic disciplines. The facts within this report are believed to be
correct at the time of publication but cannot be guaranteed. All information within this
study has been reasonably verified to the author’s and publisher’s ability, but neither
accept responsibility for loss arising from decisions based on this report.
© 2004 All content copyright Aroq Ltd. All rights reserved.

Page iii
Table of contents
Multi-user licence edition............................................................................................ ii
Copyright statement ..................................................................................................ii
Table of contents ........................................................................................................ iii
List of tables................................................................................................................ iv
List of figures ............................................................................................................... v
just-auto.com’s research portfolio ............................................................................ vi
Incredible ROI for your budget – single and multi-user licences..............................vi
just-auto.com membership ....................................................................................... vii
Chapter 1: Company Dossier...................................................................................... 1
Chapter 2: Worldwide Locations ................................................................................ 4
Chapter 3: Financial Analysis ..................................................................................... 7
Chapter 4: Competitor Analysis ................................................................................. 8
Chapter 5: Key Events................................................................................................. 9
Chapter 6: SWOT Analysis........................................................................................ 11
Strengths................................................................................................................ 11
Weakness .............................................................................................................. 11
Opportunities.......................................................................................................... 11
Threats ................................................................................................................... 12
Chapter 7: Customers................................................................................................ 13
Chapter 8: Products................................................................................................... 15
Chapter 9: Product Development ............................................................................. 18
Chapter 10: Prospects............................................................................................... 19
Online sources of information.................................................................................. 21
Free email newsletters ........................................................................................... 21
Other research reports ........................................................................................... 21
Global news and feature articles............................................................................ 21
Search the web ...................................................................................................... 21
Your feedback ............................................................................................................ 22
© 2004 All content copyright Aroq Ltd. All rights reserved.

Page iv
List of tables
Table 1: Toyoda Gosei’s worldwide facilities ........................................................... 4
Table 2: Toyoda Gosei Co Ltd’s key consolidated performance, 2000-2004........... 7
Table 3: Other principal customers of Toyoda Gosei Co Ltd ................................. 13
Table 4: Toyoda Gosei’s products ......................................................................... 15
© 2004 All content copyright Aroq Ltd. All rights reserved.

Page v
List of figures
Figure 1: Geographical distribution of sales (as a % of sales) ............................... 14
Figure 2: Sales by industry segment (as a % of sales) .......................................... 16
Figure 3: Sales by product category (as a % of sales)........................................... 17
© 2004 All content copyright Aroq Ltd. All rights reserved.

Page vi
just-auto.com’s research portfolio
just-auto.com has been providing timely auto industry intelligence to the automotive
industry globally since 1999. We use only experienced and respected authors to publish
our portfolio of automotive component sector reports and profiles. Our approach is to
cover niche technology sectors – often at a module level, such as roof systems or fuel
injection systems, to provide you with the best available analysis at a good-value price
point.
All of the reports in our growing portfolio, many in their 2nd or 3rd editions, give you an
essential overview of a sector. Each study profiles the key players, assesses which
technologies are being developed, and gives you other essential intelligence including
market share data, forecasts and exclusive interviews with relevant senior executives. In
addition just-auto profile many of the major automotive suppliers providing forwardlooking
commentary.
A full list of available reports is available at http://www.just-auto.com/store/
Incredible ROI for your budget – single and multi-user licences We understand the
pressure your research budget is under and price our reports realistically. You won't find
our reports with four, or even five-figure price tags, but you will find that they make some
of the competition look expensive.
Each title is available to you on a single-user basis, supplied on the strict understanding
that each title is not to be copied or shared. Alternatively, titles can be shared within
departments or entire corporations via a cost-effective multi-user licence. Multi-user
licences can also save you money by avoiding unnecessary order duplication. To further
add value, all multi-user copies are hosted on a password protected web site saving you
time, resources and effort when sharing research with your colleagues. To find out more
please contact:
Allyson Thomas, Sales and marketing manager, just-auto.com
Tel: + 44 (0)1527 573609 Fax: +44 (0)1527 577 423
Email: allyson.thomas@just-auto.com
© 2004 All content copyright Aroq Ltd. All rights reserved.

Page vii
just-auto.com membership
As a 'consumer' of automotive research, just-auto site membership will be especially
valuable to you. For just £125 / US$195 / €175* a year you will gain access to a growing
portfolio of exclusive management briefing reports, and also receive 12 new reports for
each year you are a member.
These reports are between 5,000 and 10,000 words and give you fresh insight into
diverse sectors such as retailing, transmissions, x-by-wire, aftermarket issues and
emerging markets.
As well as this impressive list of members' only reports, you also gain one year’s access
to a constantly updated stream of news, feature articles and analysis at www.justauto.com.
Established in 1999, just-auto.com has rapidly evolved into the premier
source of global automotive news, analysis and data for busy senior executives.
In addition, membership gives you full access to four years of news and feature
archives, key news headlines from around the web and your own email alerting tool -
AMANDA. In short, a one-stop shop for global automotive intelligence.
For further details of this month’s special joining offer visit
www.just-auto.com/offer/
* Prices correct at time of publication.
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 1 Company Dossier Page 1
Chapter 1: Company Dossier
Company name
Toyoda Gosei Co Ltd
Business activity
Toyoda Gosei Co Ltd, headquartered at Aichi, Japan, is a leading manufacturer of
automotive components and light-emitting diodes (LEDs). The company operates
through six business units, namely, Interior and Exterior Parts, Body Sealing Products,
Functional Parts, Safety System Products, Optoelectronic Products and General
Industry Products. Toyoda Gosei Co Ltd is a key member of the Toyota Group. Its sales
for fiscal 2004, ended March 31, stood at ¥396,983 million, an increase of xx.x% over
the previous fiscal.
Stock symbol
Toyoda Gosei Co Ltd is a public company and is listed for trading on the Tokyo Stock
exchange under the stock code 72820. Its shares are also traded in the Nagoya stock
exchange.
Key executives
Tokio Horigome, Chairman of the Board
Takashi Matsuura, President
Yuzo Saito, Executive Vice President
Atsunori Murata, Executive Vice President
Keiichi Ito, Senior MD
Takamasa Suzuki, Senior MD
Shunichi Natsume, Senior MD
Tsuneji Obara, Senior MD
Masatoshi Kamon, MD
Kuniaki Osaka, MD
Takayasu Hiramatsu, MD
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 2 Worldwide Locations Page 4
Chapter 2: Worldwide Locations
Toyoda Gosei Co Ltd, headquartered at Aichi, Japan, employed xx,xxx people, as of
fiscal 2004. The company operates through its facilities located in Europe, North
America, Japan, Asia and Oceania.
Table 1: Toyoda Gosei’s worldwide facilities
Name of the facility Location Function
EUROPE
TG Europe NV
Germany Office
Saarbrucken,
Germany
Toyoda Gosei UK Ltd South Yorkshire,
UK
Management and sales of body-sealing
products for automobiles.
Toyoda Gosei Fluid
Systems UK Ltd
Leicestershire, UK Management and sales of functional
parts for automobiles.
T G Europe N.V Zaventam,
Belgium
Management of European operations,
engineering and sales
TG Safety Systems
Czech sro
Crashtertz, Czech
Republic
Manufacture and sales of safety system
products for automobiles.
JAPAN
Head Office Aichi, Japan General Administrative Division
Technical Centre Aichi, Japan R & D
Haruhi Plant Aichi, Japan Manufacture of body-sealing products
and functional parts for automobiles.
Heiwacho Plant Aichi, Japan Manufacture of body-sealing products,
functional parts, safety system and optoelectronic
products for automobiles.
Inazawa Plant Aichi, Japan Manufacture of interior, exterior and
functional parts for automobiles.
Bisai Plant Aichi, Japan Manufacture of interior, exterior parts and
safety system products for automobiles.
Nishimizoguchi
Machinery Plant
Aichi, Japan Manufacture of equipment, jigs, tooling
machines and tools
Kitajima Distribution Aichi, Japan Conveyance and Distribution
Centre
Meiji Distribution Aichi, Japan Conveyance and Distribution
Centre
TG Opspeed Co Ltd Shizuoka, Japan Manufacture and sales of opto-electronic
products.
FTS Co Ltd Aichi, Japan Manufacture and sales of functional parts
for automobiles.
Hiroshima Office Hiroshima, Japan Sales Branch
Toyoda Kosei Kyushu
Co Ltd
Saga, Japan Manufacture and sales of interior, exterior
parts, body-sealing and safety system
products for automobiles.
Utsunomiya Office Tochigi, Japan Sales Branch
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 3 Financial Analysis Page 7
Chapter 3: Financial Analysis
Sales of Toyoda Gosei Co Ltd for fiscal ended March 31, 2004, stood at ¥xxx.x billion,
an increase of xx.x% over the previous fiscal. However, the company’s net income
declined year on year by xx.x% to ¥12.7 billion in the same fiscal.
Sales of Interior and Exterior Parts rose by 6.6% to ¥98.4 billion in fiscal 2004 owing to
increased sales of exterior trims and cockpit modules. Body Sealing Products segment
grew by xx% to ¥xx.x billion. The sales of Functional Parts rose by xx.x% to ¥xx.x
billion owing to increased sales of plastic fuel tanks. Sales of Safety System Products
registered a year-on-year increase of xx.x% to ¥xx.x billion in fiscal 2004. Sales of
Optoelectronic Products increased year on year by xx.x% to ¥xx.x billion. General
Industry Product’s sales stood at ¥xx.x billion, registering an increase of x.x%.
Table 2: Toyoda Gosei Co Ltd’s key consolidated performance, 2000-2004
(Figures are in millions of Yen, unless otherwise indicated)
In millions of Yen 2000 2001 2002 2003 2004
Net sales xxx,xxx xxx,xxx xxx,xxx xxx,xxx xxx,xxx
Cost of sales NA NA xxx,xxx xxx,xxx xxx,xxx
Net income xx,xxx xx,xxx x,xxx xx,xxx xx,xxx
Capital expenditures xx,xxx xx,xxx xx,xxx xx,xxx xx,xxx
Working capital NA NA xx,xxx xx,xxx xx,xxx
Total shareholders' equity xxx,xxx xxx,xxx xxx,xxx xxx,xxx xxx,xxx
Total assets xxx,xxx xxx,xxx xxx,xxx xxx,xxx xxx,xxx
Number of employees x,xxx xx,xxx xx,xxx xx,xxx xx,xxx
Fiscal years ended March 31
Source: Toyoda Gosei Co Ltd
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 4 Competitor Analysis Page 8
Chapter 4: Competitor Analysis
In the instrument panels category, Toyoda Gosei’s competitors include CalsonicKansei,
Collins and Aikman, Delphi, Faurecia, Johnson Controls, Lear and Siemens VDO. In
2003, the company had a global market share of xx% in body sealing products and
ranked as the third largest supplier. This segment also witnessed a growth of xx% in
fiscal 2004. In the same period, the company had a worldwide market share of xx% in
the airbags category (Safety System Products).
In the interior products category the company’s competitors include Delphi, Magna
International, Robert Bosch, TRW Automotive, Valeo, ArvinMeritor and Lear
Corporation. Toyoda Gosei can also expect stiff competition from Faurecia, which is
expanding rapidly in North America and has won new businesses in Mexico from GM,
Chrysler and Volkswagen. Lear is the world’s largest supplier of integrated automotive
interior systems.
In the door panels category, Toyoda Gosei’s competes with companies like Lear
Corporation, Magna, Grupo Antolin and Brose; and ArvinMeritor for door and access
control systems. Brose, a global leader in door systems market, is a prime competitor for
Toyoda Gosei since it commanded a xx% market share in the European door module
market in 2003. In the same category, ArvinMeritor’s share was xx%. Faurecia holds the
first position in Europe and second position in the world in the door systems category.
In the wheels category, the company competes with Michelin, TRW Automotive and
Hayes-Lemmerz. Toyoda Gosei’s major competitor in seat belt systems is TRW
Automotive.
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 5 Key Events Page 9
Chapter 5: Key Events
In 1949, Toyota Motor Industry Co Ltd included the Nagoya Rubber Co Ltd, a rubber
research operation. This was followed by the opening of the Haruhi plant for the rubber
sector in 1957 and the Inazawa plant for the plastic sector in 1967. In 1973, Toyoda
Gosei Co Ltd was set up.
It was awarded the PM Excellence Award by the Japan Plant Engineering Association.
The Morimachi plant was opened in 1976. In 1979, it was awarded a certification by the
American Association of Motor Vehicle Administrators or AAMVA for the testing of brake
hoses.
In 1980, Nishimizoguchi Koki Plant for the tool and machine sector was opened. In the
same year, Haruhi was established as the head office and the former head plant was
rechristened as the Nagoya plant. In 1982, the Bisai plant for the urethane and plastic
sector was opened. In the following year, Toyoda Gosei’s shares were listed on the
Nagoya Stock Exchange. During 1985 and 1986, it acquired stakes in Taj-Yue Rubber
Industrial Co Ltd and Waterville Cellular Products Ltd respectively. This was followed by
the establishment of the Techno Art Research in Nagoya and TG (USA) Corporation. In
1987, Fong Yue Co Ltd was set up in Taiwan for the plastic sector. This was followed by
the opening of the Heiwacho plant for the rubber sector.
In 1990, Meiji Logistics Centre was established. Toyoda Gosei Kyushu Co Ltd and TG
Technical Centre (USA) Corporation in Michigan were formed the following year. In
1992, the company adopted a new management philosophy and in 1994 and 1995, TG
Pongpara Co Ltd and Tianjin Toyoda Gosei Automobile Hose Co Ltd were established.
During the same year, the company acquired a stake in Pongpara Codan Rubber Co Ltd
and set up its technical headquarters. In the late 1990’s, the company set up various
business affiliates, some of which included Bridgestone TG Australia Pty. Ltd, California
Automotive Sealing Inc., TG Kentucky Corporation, TG Kirloskar Automotive, TG North
American Corporation and Toyoda Gosei UK Ltd.
During 2000, Daicel Safety Systems America LLC, TG Europe SA, Toyoda Gosei
Rubber (Thailand) Co Ltd, TG Opseed Co Ltd and TG Minto Corporation were
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 6 SWOT Analysis Page 11
Chapter 6: SWOT Analysis
Strengths
Toyoda Gosei Co Ltd had a xx% global market share in body sealing products and
ranked as the third largest supplier in 2003. This segment also witnessed a sales growth
of xx% in fiscal 2004. In 2003, the company had a worldwide market share of xx% in the
airbags category (Safety System Products).
Toyota Motor Corporation (Japan) had a xx% stake in the equity of the company, as of
fiscal 2004. This strategic alliance has greatly benefited Toyoda Gosei in its expansion
activities, especially in China. Toyoda Gosei is a key partner in Toyota Motor
Corporation’s globalisation activities in North America, Europe and Southeast Asia.
Weakness
The company has experienced a decline in net income by xx.x% to ¥xx.x billion in fiscal
2004. This is despite the fact that the company achieved the highest-ever sales volume
of ¥xxx.x billion in the same fiscal. After a long gap, the automobile division registered
an operating profit in fiscal 2004. However, its operating return on sales was still low at
x.8%. Hence, improving profitability of the automobile division is an important aspect the
company has to work on.
Toyoda Gosei is dependent on Japan to a large extent (up to xx% in fiscal 2004) for its
sales. Hence, it is important that the company focuses on improving its operations in
other key and emerging markets and diversify across geographies.
Opportunities
The company expects the market for airbags to increase in the years to come, fuelled by
safety regulations coming up in various countries. It is well poised to meet the upcoming
2009 regulation to provide side and curtain air bags to all passenger cars in the US.
Moreover, the variety and number of airbags per vehicle is continually changing. The
company is also collaborating with Tokai Rika Co, Ltd for the development of airbags
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 7 Customers Page 13
Chapter 7: Customers
Closely associated with Toyoda Gosei Co Ltd, Toyota Motor Corporation is also one of
its key customers, contributing xx% to its sales, as of March 2004. The company started
a joint venture agreement with Toyota Boshoku (Toyota affiliated supplier of
components) in June 2005 to supply interiors and airbags to Toyota’s car production
plant based in Durban, South Africa.
Table 3: Other principal customers of Toyoda Gosei Co Ltd
Aisin Seiki Co Ltd GKN Automotive GmbH Kubota Corporation
Adam Opel AG Holden Ltd Mazda Motor Corporation
Aisan Industry Co Ltd IBM Japan Ltd Sanken Electric Co Ltd
Central Motor Co Ltd Citizen Electronics Co Stanley Electric Co Ltd
Ltd
Daihatsu Motor Co Ltd Kawasaki Heavy TOTO Ltd
Industries, Ltd
DENSO Corporation PSA Peugeot Citroen SA Daikin Industries, Ltd
Kagoshima Matsushita Volkswagen AG
Aisin AW Co Ltd
Electronics Co Ltd
Mitui & Co Ltd Araco Corporation Audi AG
Suzuki Co Ltd BMW AG Continental Teves AG & CO oHG
Toyota Auto Body Co General Motors
DaimlerChrysler AG
Ltd
Corporation
Combi Corporation Chugai Co Ltd Fuji Heavy Industries, Ltd
Ford Motor Company Kanto Auto Works, Ltd Horie Metal Industries Co Ltd
Honda Motor Co Ltd Komatsu, Ltd Isuzu Motors, Ltd
INAX Corporation Hino Motor Co Ltd Panasonic EV Energy Co Ltd
Kyosan Denki Co Ltd Misaki Electric Co Ltd Mitsubishi Motors Corporation
Nissan Motor Co Ltd Land Rover Ltd Kautex Textron GmbH & Co KG
Sanyo Electric Co Ltd Takashimaya Nippatsu Koyo Seiko Co Ltd
Kogyo Co Ltd
Sumitomo Electric Toyota Industries Tokai Rika Co Ltd
Industries, Ltd
Corporation
Nissin Kogyo Co Ltd Yamaha Motor Co Ltd Toyoda Machine Works, Ltd
Renault SA
Yanmar Diesel Engine Sumitomo Wiring Systems, Ltd
Co Ltd
Somic Ishikawa Co Ltd Toyota Motor
Corporation
Toyota Tsusho Corporation
Source: Toyoda Gosei
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 8 Products Page 15
Chapter 8: Products
Toyoda Gosei operates through six business units, namely, Interior and Exterior Parts,
Body Sealing Products, Functional Parts, Safety System Products, Optoelectronic
Products and General Industry Products. The various products manufactured by the
company are listed in the table below.
Table 4: Toyoda Gosei’s products
Products
Interior and Exterior Parts
Instrument Panel Module
and Components
Interior Parts
Exterior Parts
Auto Accessories
Body Sealing Products
Door Weather Strip
Glass Run
Opening Trim Weather Strip
Other Body Sealing
Functional Parts
Fuel Tank Module and
Components
Power Train Parts
Chassis and Drive Train
Parts
Safety Sealing Products
Steering Wheel
SRS Airbags
Product category
Instrumental panel module, integrated centre clusters,
console box sub-assemblies, registers, cup holders,
defroster nozzles, audio covers, glove compartments,
heater control panels
Front pillar garnishes, LED-illuminated scuff plates,
assistance grips, door frame garnishes
Radiator grills, back door garnishes, side protection
mouldings, roof spoilers, wheel caps, mudguards, duct
quarter vents
Front spoilers, rear bumper spoilers, blue light grills,
illuminated side mudguards, console boxes
Door weather-strip, roof side rail weather-strip
Glass run, glass run modules with inner belt weather-strip,
thermoplastic polyolefin glass run, glass run with outer belt
line seal
Loop opening trim weather-strip with one-corner moulding,
opening trim
Door mirror brackets, luggage compartment door weatherstrip,
sliding roof weather-strip
Fuel tank modules, fuel hoses and tubes, fuel tank inlet
pipe assemblies, fuel tank caps, LEV II fill limit vent valves,
roll over valves
Water hoses, noise unreflective ducts for air intake, engine
covers, air cleaner hose and resonators, air hoses,
reservoir tanks, cylinder head covers, cylinder head covers
gasket, plastic water pipes, battery holders for hybrid cars,
timing belt covers, diaphragms
Brake hoses, speedometer gears, constant velocity joint
boots, piston cups, power steering hoses, rack and pinion
boots, dust covers, constant velocity joint boots
Wheels
SRS curtain airbags, SRS side airbag, SRS driver-side
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 9 Product Development Page 18
Chapter 9: Product Development
Toyoda Gosei spent ¥xx.x billion on R&D in fiscal 2004, which was x.x% of net sales.
The company’s Basic Research activities include semiconductor lasers, electronics,
computer simulation, mechatronics, sensitivity and advanced materials. Materials
research includes surface treatment, recycling, materials modification and compounding.
Research on design includes reliability, assembly systems, aesthetics, forming, sealing,
mechanisms, electronic circuitry and vibration and noise reduction. Evaluation and
Analysis includes molecular structure analysis, thermal analysis, flow analysis,
measurement, bench-testing, vehicle evaluation and noise and vibration analysis.
Production Engineering includes moulding, production equipment design, environmental
management, electronic component mounting, CAM/Computer-aided manufacturing,
flushless and wasteless tool, complex hollows moulding, precision moulding, and
robotics and production equipment fabrication.
The company is strengthening its R&D capabilities in North America in order to support
its operations in the region. It is also considering collaborating with automakers in
Europe and Asia in the area of product development, especially for body sealing
products. In 2003, the company developed an all-composite fuel tank, which was xx%
lighter than metallic tanks although its gas barrier properties provided the same benefits
as the metallic tanks. Technological developments in the interior and exterior parts
segment include work on biodegradable materials. In the body-sealing products
category, the company introduced a technology for the recycling of ethylene propylene
diene monomer (EPDM), an extensively used synthetic rubber
The company is increasing its manufacturing capabilities in the safety systems area in
China and Southeast Asia. It is also interested in increasing its alliance with peripheral
component manufacturers for the optimisation of safety functions. For instance, Toyoda
Gosei’s collaboration with Tokai Rika Co Ltd, for the development of airbags and seat
belt systems has led to the set up of a technical centre at Detroit for product evaluation.
Similar collaborations have been set up with partners and customers in Germany.
© 2004 All content copyright Aroq Ltd. All rights reserved.

Chapter 10 Prospects Page 19
Chapter 10: Prospects
Growth and integration are the key words that describe Toyoda Gosei’s strategy for
2010. The company aims to be among the top three global suppliers. Its plans are to
achieve ¥xxx billion in sales in 2010, by concentrating on eight targeted segments,
namely, body sealing, safety systems, functional components, cockpit modules and fuel
tank modules. This would involve unifying all of Toyoda Gosei’s subsidiaries in Europe
and North America under the Toyoda Gosei name. Previously, they had operated under
the TG name. The strategic alliance with Toyota Motors Corporation has been greatly
beneficial to Toyoda Gosei in its expansion activities, especially in China. Toyoda Gosei
is a key partner in Toyota Motor Corporation’s globalisation activities in North America,
Europe and Southeast Asia.
Toyoda Gosei is currently focusing on high value-added parts and systems for the
premium vehicle segment. High potential vehicle markets of like China and India are
prime targets. This will help Toyoda Gosei capitalise on the increasing demand for small
and low cost vehicles in Japan. However, in the long run the company’s focus will be on
the creation of value-added parts for vehicles.
The company expects a prospective market for airbags in future, fuelled by safety
regulations coming up in various countries. It is well poised to meet the upcoming 2009
regulation to provide side and curtain air bags to all passenger cars in the US. Moreover,
the variety and number of airbags per vehicle is continually changing. The company is
also collaborating with Tokai Rika Co Ltd for the development of airbags and seat belt
systems. The plastic fuel tank segment, which experienced xx.x% growth in 2004, is
expected to expand as a result of stringent environmental regulations. Moreover, the
plastic fuel tanks developed by the company are lighter than the metallic ones by xx%.
For fiscal 2005, the company aims to achieve sales of ¥xxx billion, a rise of x% over the
previous fiscal. It also expects the net income to rise by xx% to ¥xx billion. With the set
up of a joint venture with Toyota Boshoku in South Africa, Toyoda Gosei South Africa
aims to boost its sales to ¥xxx million by 2008.
Besides diversifying its customer base across geographies, it should work on improving
profitability of the automobile division. After a long gap, the automobile division segment
© 2004 All content copyright Aroq Ltd. All rights reserved.

Online sources of information Page 21
Online sources of information
Free email newsletters
Experience just-auto.com via our free newsletters:
• Daily industry headlines
The most important headlines direct to your inbox daily.
• Dave Leggett's 'Editor’s weekly highlights'
Dave's unique take on the most important industry events each week.
• Allyson Thomas’s 'Research Update'
A monthly synopsis of new, important and reduced-price research.
Sign up at http://www.just-auto.com/subscribe_large.asp
Other research reports
Search for related research reports from over 20 leading research suppliers in
the just-auto.com store.
Global news and feature articles
Search for related news items and feature articles from just-auto’s news and
feature archives, going back more than four years.
Search the web
Try http://www.google.com to search for related web sites and pages.
© 2004 All content copyright Aroq Ltd. All rights reserved.

Your feedback Page 22
Your feedback
Your feedback is greatly valued. Please complete the form below with your positive and
negative comments, along with any questions or queries, and fax it to us on +44 (0)1527
577 423. Thank you.
Name ________________________ Job title ________________________
Company ________________________ Phone ________________________
Email ________________________
Study title ______________________________________________________________
Things I liked about this study...
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
Things I disliked about this study...
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
My questions regarding the content...
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
I would like to see more information on...
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
Other subject areas of interest to me include...
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
© 2004 All content copyright Aroq Ltd. All rights reserved.