Toyota Boshoku Corporation (3116) Q4 2023 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2023 earnings summary
13 Nov, 2026Executive summary
FY2023 revenue rose ¥182.5B YoY to ¥1,604B, while operating profit fell ¥12.6B to ¥47.6B amid external cost and production pressures.
Strategic priorities center on manufacturing competitiveness, R&D, sales expansion, and strengthening the management foundation toward 2025 and longer-term growth.
Financial highlights
Revenue increased ¥182.5B YoY to ¥1,604B; operating profit declined ¥12.6B YoY to ¥47.6B.
FY2023 operating margin was 3.0%; profit declined mainly due to changes in the external environment.
Outlook and guidance
FY2024 targets were set above FY2023 levels despite continuing material and transportation cost pressures and semiconductor-related production-cut risks.
Efforts will focus on achieving FY2026 management targets and the 2025 midterm plan, with flexible responses to changes in the operating environment.
Welding-process automation reached 40%; the target is 100% by 2030.
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