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Establishment of Subsidiary Company and Transfer of Business in Kyushu, Japan

March 23, 2018

Kiyosu, Japan, March 23, 2018: Toyoda Gosei Co., Ltd. has decided to establish a subsidiary company in Kyushu, Japan and transfer its automotive parts business in that region to the subsidiary.

Toyoda Gosei currently has three manufacturing plants in Kyushu (Fukuoka Plant, Saga Plant, Kitakyushu Plant). The business management of those plants will be transferred to the new subsidiary in order to speed up management decision-making and business execution in Kyushu and respond more rapidly to customer needs.

For further business growth of Toyoda Gosei Group, the new subsidiary will strive to put down local roots as an independent company.

 

Summary of new company [planned]

1. Name Toyoda Gosei Kyushu Co., Ltd.
2. Location 2223-1 Kurahisa, Miyawaka, Fukuoka
3. Date established November 2018
4. Capital 10 million JPY
(To be increased to 5.8 billion JPY at the time of business transfer (April 2019))
5. Shareholders Toyoda Gosei Co., Ltd. 100%
6. Business activities Manufacture and sales of automotive parts
7. Employees Approx. 420 (planned for April 2019)
8. Sales Approx. 30 billion JPY (FY2019 forecast)
現、豊田合成(株)福岡工場 【新会社本社(予定)】
Toyoda Gosei Co., Ltd., Fukuoka Plant
[Head office of new company]

About Toyoda Gosei

Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei Group provides a variety of high-quality products internationally, with a network of approximately 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-edge technologies for automotive safety, comfort, and environmental preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.