Komori
Toyota Boshoku (3116) · InitiativeAchieved

Strengthening Seat-Business Competitiveness by Making Toyota Body Seiko a Subsidiary

First written in FY2024-Q2. 1 of 1 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.

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Strengthening the Competitiveness of the Automotive Seat Business through the Acquisition of トヨタ車体精工 as a SubsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2024-Q2AchievedAnnual report

    「At a Board of Directors meeting held on 27 December 2022, the Company resolved to acquire additional shares in Toyota Body Seiko Co., Ltd. from Toyota Auto Body Co., Ltd., and made Toyota Body Seiko a subsidiary effective 1 October 2023. The Company positions Toyota Body Seiko as a major manufacturer of rear-seat frames and long slide rails and will work with it as one group to further strengthen the competitiveness of the automotive seat business and create new corporate value as an interior-space creator. Voting rights before acquisition: 33.6%; after acquisition: 66.4%.」

    Toyota Body Seiko became a subsidiary on 1 October 2023 with a 66.4% voting interest, strengthening the seat business through integration with a major manufacturer of rear-seat frames and long slide rails.
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Toyota Boshoku's next results are scheduled for 2026-10-29. Read the earnings preview
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