News
March 02, 2026
Toyoda Gosei Completes Process to Make Ashimori Industry Its Wholly-Owned Subsidiary
Kiyosu, Japan, March 2, 2026: Toyoda Gosei Co., Ltd. has acquired all shares of Ashimori Industry Co., Ltd., effective March 1, 2026, completing the final step in making Ashimori Industry Co., Ltd. a wholly-owned subsidiary.
Toyoda Gosei concluded a capital and business alliance agreement with Ashimori Industry in May 2021, and the companies have since built a collaborative framework for safety systems. In November 2023, Ashimori Industry was made an equity-method affiliate to enhance synergies in product development and design, sales, procurement, and production. Now, by making Ashimori Industry a wholly-owned subsidiary, Toyoda Gosei seeks to maximize the synergistic effect with the aims of being a comprehensive supplier of safety systems and contributing to a reduction in the number of traffic fatalities through the provision of optimum vehicle occupant protection that combines airbags and seatbelts. Efforts will also be made to address societal problems such as dealing with aging essential infrastructure through the growth of Ashimori Industry’s pipe rehabilitation and other functional product business.
Maximization of synergies in the safety systems business
• Expedited decision-making and optimization of management resources in the safety systems business.
• Responding to the increasing demand for safety systems that can achieve optimal control with the combination of airbags and seatbelts, and the promotion of integrated development of airbags and seatbelts.
Further growth of the functional products business
• Ashimori Industry’s PALTEM1 (Pipeline Automatic Lining SysTEM) pipeline rehabilitation method that can be used in responding to the aging of pipeline infrastructure (rapidly rising demand for rehabilitation work). The aim is for growth as a business that can contribute to addressing societal challenges.
The table can be scrolled left and right
Outline of Ashimori Industry
| Company name | Ashimori Industry Co., Ltd. |
| Established | December 27, 1935 |
| Headquarters | 7-11-61 Senrioka, Settsu, Osaka, Japan |
| President | Hiromasa Zaitsu |
| Capital | JPY 8.4 billion2 |
| Sales | JPY 72.6 billion2 |
| No. of employees | 2,3582 |
| Business activities | Manufacture and sales of automotive safety parts, such as automotive seatbelts and airbags, functional products such as synthetic rope and narrow width fabrics, and pipe rehabilitation |
1 PALTEM is a trenchless technique for rehabilitating buried sewer and other pipelines. It is superior in terms of cost, work duration, and environmental impact.
2 As of March 31, 2025