Toyota Boshoku Report 2010
Total Page:16
File Type:pdf, Size:1020Kb
TOYOTA BOSHOKU REPORT 2010 2009.4.1—2010.3.31 Design your passion Deeply committed to our mission of making cars around the world more comfortable and cleaner, we aim to become a truly global company that is appreciated and respected by people the world over. [The Toyota Boshoku Group’s View of CSR] To ensure that we consistently act in a responsible manner as a company that meets the trust and expectations of society, the Toyota Boshoku group undertakes its business, social and environmental activities adhering to its corporate philosophy, vision, the TB Way and the Toyota Boshoku group code of conduct. Business Activities Contributing to the realisation of a prosperous society through manufacturing Social Environmental Activities Activities Promoting corporate growth while fulfiling our responsibilities as a good corporate citizen Corporate Philosophy 1. Society The Company will promote corporate growth while fulfi ling the following responsibilities as a good corporate citizen: 1) Maintain ethical values, ensuring that our corporate activities are fair and transparent; 2) Supply safe products that do not harm the environment; Promote corporate activities that help protect the global environment; 3) Create a better society as a member of our local communities. 2. Customers The Company will develop innovative technologies and products to deliver quality that satisfi es our customers. 3. Shareholders The Company will promote innovative management policies that ensure future corporate growth and the trust of our shareholders. 4. Employees The Company will build and maintain positive labour-management relations, respect the individuality of its employees and create safe and comfortable workplaces. 5. Business partners The Company will promote open and mutually benefi cial relationships with its business partners in pursuit of long-term growth and prosperity. Vision The company we aim to become Looking into the future, we will create tomorrow’s automobile interior space that will inspire our customers the world over. Message toward the realisation Design your passion with TOYOTA BOSHOKU Philosophy Based on the Toyoda Precepts, which encapsulate the ideas of founder Sakichi Toyoda, the Toyota Boshoku group formulated our corporate philosophy for maintaining the trust of all stakeholders and our vision, which articulates the type of company we aspire to become. With the corporate philosophy and vision serving as a framework, we have established clear policies, targets and plans for our business, social and environmental activities. We have also formulated the TB Way and the Toyota Boshoku group code of conduct to ensure that all company members share common values and behaviour. Toyoda Precepts Corporate Philosophy Vision Toyota Boshoku TB Way Group Code Annual Global Policy Values, of Conduct stance and (See p.20) action Sensible course of action/mindset Global Functional Policy Social Activities Business Activities Environmental Activities Toyoda Precepts Be contributive to the development and welfare of the country by working together, regardless of position, in faithfully fulfiling your duties. Be ahead of the times through endless creativity, inquisitiveness and pursuit of improvement. Be practical and avoid frivolity. Be kind and generous; strive to create a warm, homelike atmosphere. Be reverent, and show gratitude for things great and small in thought and deed. Sakichi Toyoda Toyoda Precepts TB Way We contribute to society by developing leading-edge technologies and manufacturing high-quality products. 1. We meet challenges with courage and creativity, to realise our dreams. 2. We carry out kaizen continuously, aiming to achieve higher goals. 3. We practice genchi-genbutsu by going to the source to analyse problems and find their root causes. 4. Once a decision is made, we move quickly to carry out the plan, with passion and a sense of mission. 5. We seek to do our best, act professionally and take responsibility for our actions. 6. We respect the values of other cultures and accept differences, with an open mind and a global perspective. 7. As a good corporate citizen, we do what is right and contribute to society. 8. We respect the individual and use teamwork to produce the best result. Consolidated Financial Highlights Millions of Millions of yen Increase (%) U.S. dollars 2006 2007 2008 2009 2010 vs. FY2009 2010 Years ended March 31 (Note 1) (Note 2) Fiscal Year: Net sales ¥ 877,596 ¥ 1,082,755 ¥ 1,233,789 ¥ 979,775 ¥ 953,729 (2.7)% $ 10,250 Operating income 33,764 48,381 65,596 14,054 25,143 78.9 270 Ordinary income 37,838 52,143 65,696 13,292 24,067 81.1 258 Net income (loss) 21,187 30,105 40,720 (5,064) 6,882 — 73 Fiscal Year-end: Total net assets ¥ 396,691 ¥ 464,747 ¥ 527,622 ¥ 466,506 ¥ 546,486 17.1 % $ 5,873 Total assets 133,279 197,797 226,880 189,038 196,545 4.0 2,112 Capital stock 8,400 8,400 8,400 8,400 8,400 0.0 90 Interest-bearing debt 28,824 30,170 55,908 119,169 119,423 0.2 1,283 Capital expenditures 50,480 47,550 52,961 60,496 43,076 (28.8) 462 Depreciation and amortisation 21,344 29,377 32,940 32,493 35,121 8.1 377 R&D expenses 24,828 26,404 31,717 28,968 30,021 3.6 322 Yen Increase (yen) U.S. dollars Per Share Data: Net income (loss) (Basic) ¥ 111.60 ¥ 160.76 ¥ 217.76 ¥ (27.15) ¥ 37.00 — $ 0.39 Net income (Diluted) (Note 3) 111.58 160.70 217.55 — 37.00 — 0.39 Cash dividends 16.00 24.00 35.00 20.00 13.00 (7.0) 0.13 Net assets 709.91 858.86 997.43 848.01 883.96 35.9 9.50 Other Financial Indicators: Operating income to net sales (%) 3.8 4.5 5.3 1.4 2.6 Ordinary income to net sales (%) 4.3 4.8 5.3 1.4 2.5 Return on equity (ROE) (%) 17.5 20.5 23.5 (2.9) 4.3 Increase Millions of Millions of yen (Millions of yen) U.S. dollars Shareholders’ Equity (at fiscal year-end): Market capitalisation (Note 4) 372,328 523,587 560,182 189,730 337,047 147,317 3,622 Notes 1. Effective from 2007, ”Accounting Standard for Presentation of Net Assets in the Balance Sheet” (Accounting Standards Board of Japan Statement No. 5) and ”Guidance on Accounting Standard for Presentation of Net Assets in the Balance Sheet” (Accounting Standards Board of Japan Guidance No. 8) were applied. 2. Figures in U.S. dollars for 2010 were converted at 93.04 yen, the exchange rate as of March 31, 2010. 3. Despite the existence of latent shares, net income per share after adjustment for latent shares in fiscal 2009 is not stated because of a net loss per share. 4. Market capitalisation is calculated by multiplying the number of outstanding shares at fiscal year-end by the share price at the end of the period. Net sales (Billions of yen) Net income (loss) (Billions of yen) Return on equity (ROE) (%) 1,233.7 40.7 1,082.7 23.5 20.5 979.7 953.7 30.1 877.5 17.5 21.1 6.8 4.3 (5.0) (2.9) 2006 2007 2008 2009 2010 (FY) 2006 2007 2008 2009 2010 (FY) 2006 2007 2008 2009 2010 (FY) Corporate Profile/Businesses ”More Gentle, Comfortable and Peaceful Interior Spaces” Interior Components Business The interior components business is the principal business of Toyota Boshoku, accounting for about 90% of total sales. The Company offers a comprehensive approach, developing the concept of the entire interior space followed by development, design, procurement Business Sales Composition and production, as an interior system supplier for automobile manufacturers. Providing integrated and effectively coordinated systems of interior space with seats, door trims, % headliners, floor carpets and other components, we aim to pursue total beauty, comfort 89.0 and safety. In fiscal 2009, Toyota Boshoku worked to develop environment-friendly 848.4 billion yen materials. To this end, various Toyota Boshoku Ecological Plastic parts that utilise such (down 2.2% year-on-year) plant-derived materials as polylactate, castor oil and kenaf were incorporated into the Toyota Sai Hybrid, and we were able to use Ecological Plastic for approximately 60% of the interior surface area of this car. In fiscal 2009, net sales decreased 19.2 billion yen (down 2.2%) to 848.4 billion yen from fiscal 2008 due mainly to the effects of lower production. Japan North, Central & Asia Other regions South America 58.1% 17.2% 20.6% 4.1% 553.6 billion yen 164.3 billion yen 196.3 billion yen 39.4 billion yen Headliners Headliner lightings North, Central & Japan South America Asia Other regions 59.1% 16.6% 20.3% 4.0% 590.9 billion yen 166.4 billion yen 203.2 billion yen 39.8 billion yen Door trims Electric sunshade systems Seats Functional parts Other Products Silencers/Tonneau covers/Package trays/ Overhead consoles/Centre floor consoles/ Genuine leather instrument panels/Others Proposing total automotive interior In addition to developing individual components, the Round Floor recliners Company is handling carpets the entire process from the cabin concept creation through to Seat frames design and production. Corporate Profile (As of March 31, 2010) Air induction system products Name: TOYOTA BOSHOKU CORPORATION Representative: Shuhei Toyoda, President Curtain-shield By accepting orders and developing air cleaners, Global Mainstay Hub: 1-1 Toyoda-cho,cylinder head Kariya-shi, covers and other Aichi related parts asCapital: a total 8.4 billion yen airbags Established: May 1950 system, the Company achieves compact, lightweightNumber of employees: 27,613 (consolidated) *excluding temporary/contract personnel and high-performance engines.