INTEGRATED REPORT 2021 - Lighting for Your Safety
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INTEGRATED REPORT 2021 Lighting for Your Safety
Lighting for Your Safety
Keeping people and automotive safe
Corporate
Principles
Corporate Policy
Corporate Message
The KOITO Group Corporate
Behavior Charter
KOITO is a leading company in automotive The KOITO Group Corporate
Corporate Principles Behavior Charter
lighting equipment delivering safety, We will contribute to social development 1. Sustainable growth and resolution of
peace of mind and trust to customers for through lighting. social issues
We will step forward to realize our 2. Trusted corporate activities
more than 100 years since its employees' dreams. 3. Compliance with social conventions /
Global management
establishment.
We will support a sustainable society as
one of its members. 4. Fair information disclosure and constructive
dialogue
Under our corporate message “Lighting for Your Safety,” 5. Respect for human rights
Corporate Policy 6. Work practice and enhancement of
the KOITO Group creates customer needs in a variety of workplace environments
Innovative ideas and decisive action
traffic systems and contributes to social development in 7. Engagement in environmental issues
8. Contribution to society
transportation such as automobiles, railways, aviation,
Corporate Message 9. Rejection of relations with anti-social forces /
marine vessels and others, all guided by the theme of “Light.” Comprehensive risk management engagement
Lighting for Your Safety 10. Role of top management and thorough
Keeping people and automotive safe implementation of this Charter
2 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 3
Value Creation ESG Corporate
Story Activities Information
Contents
Corporate Principles/Corporate Message
Contents/Editorial Policy
2
4
ESG Activities
Environmental Activities
33
34
Value Creation Story
Social Activities 43 Staying true to our basic stance to adopt
Value Creation Story 5 Governance 50 the perspective of customers,
The KOITO Group's History 6 the KOITO Group is contributing to materialize a safe
The KOITO Group's Value Creation Process 8 Corporate Information 63
and comfort society by providing high-value
Materiality 10 Financial Summary
of the Last 11 Years 64
products and services.
The KOITO Group's Value Chain 12
Message from Top Management 14 Consolidated Financial Statements 66
The KOITO Group's Vision 18 Stock Information 70
Business Overview 20 Corporate Information 71
Special Feature: 30
The KOITO Group's Activities to Resolve
Social Issues
Corporate
Information
Editorial Policy Philosophy and
history etc.
KOITO has started to issue an “Integrated Report” from 2021 to pro-
vide shareholders, investors and other stakeholders with a deeper
understanding of our initiatives.
This report gives you an explanation about our business results in FY
2021, fiscal year ended March 31, 2021, and our medium- to long-term Integrated
business strategies. Report
CSR IR
In order to secure fair and effective disclosure, KOITO issues integrat- Information Information
ed report both in Japanese and English. We hope this report serves to Environment,
Financial
social and
deepen your understanding of the KOITO Group. governance
information
Reporting Period
FY 2021 (April 1, 2020 to March 31, 2021)
Reference Guidelines
Scope of Report
International Integrated Reporting
The KOITO Group (In this report,
Framework - International Integrated
KOITO MANUFACTURING refers to
Reporting Council (IIRC)
KOITO on a non-consolidated basis)
Guidance for Integrated Corporate Disclosure and
Company-Investor Dialogues for Collaborative Value
Issued Creation - Ministry of Economy, Trade and Industry
June 2021 (to be issued once a year) GRI Standards 2016 - Global Sustainability
Standards Board (GSSB)
Note on Future Projections
This report contains future statements
including the KOITO Group's future plans,
strategies and performance.
These future statements are assumptions and
beliefs based on the current available data. The KOITO Group's History 6
We therefore wish to caution readers that The KOITO Group's Value Creation Process 8
the actual results may differ materially from
Materiality 10
our expectations.
The KOITO Group's Value Chain 12
Message from Top Management 14
The KOITO Group's Vision 18
Business Overview 20
Special Feature: The KOITO Group's Activities to Resolve Social Issues 30
4 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 5
Value Creation ESG Corporate
Story Activities Information
The KOITO Group's History
The foundation of KOITO began in 1915 with the development and
production of the Japan's first fresnel lenses for railway signal lamps.
Since then, we have been contributing to the safe and comfortable
society by developing lighting equipment for all kinds of transports,
900
including automobiles, railways and even aircraft and ships.
800
Net sales (billion yen)
700
600
500
400
300
200
100
0
1915 1950 1960 1970 1980 1990 2000 2010 2021 (FY)
1915 1957 1985 2007
Koito Genrokuro Shoten founded Production and sales of all-glass Production and sales of all-resin Production and sales of the worldʼs
F o u n d e r G e n r o k u r o Ko i t o fo u n d e d Ko i t o sealed beam (SB) headlamps begins aerodynamic-type headlamps begins first LED headlamps begins
Genrokuro Shoten in Kyobashi-ku, Tokyo (cur- S i n c e 19 51, KO I TO h a s b e e n d e v e l o p i n g As a result of steady efforts on resinificating With white LEDs rapidly becoming more efficient,
rent Kyobashi, Chuo-ku, Tokyo) to sell fresnel all-glass SB headlamps. Through many trials headlamps to reduce weight and improve KOITO developed a headlamp using LEDs as the
l e n s e s fo r ra i l w ay s i g n a l l a m p s , w h i c h h e and improvements at the Shizuoka Plant, KOITO design, KOITO has succeeded in developing light source for low beam. Offering improved
succeeded in the Japan's first production in succeeded in its commercialization in 1957. plastic lenses and a BMC reflector with even photometric performance and heat dissipation
1912. KOITO then started supplying the products to higher heat resistance and molding accuracy in efficiency, they were installed in the Lexus LS
various automotive manufacturers, including 1981. In January 1985, the world's first all-resin 600h in May 2007, becoming the worldʼs first
Toyota Motor Company (current Toyota Motor aerodynamic-t ype headlamp was adopted in LED headlamp in the market.
Corporation), from October 1957. Toyota Motor “Soara.”
1936 1978 1996 2019
Entering the automotive lighting Production and sales of Reflector Production and sales of discharge Production and sales of the world's
equipment business halogen headlamps begins Lens headlamps (GDHL) begins first BladeScanTM ADB begins
Based on KOITO's experience in supplying head- Halogen bulbs, which have high luminous Halogen bulb With a light source that utilizes arc discharge KOITO developed the world's first ADB (Adaptive
lamps to military motorcycle with sidecars called intensi t y and excel l ent g la re - p ro ofi ng b e t we e n e l e c t ro d e s , d i s cha rg e h e a d l a m p s Driving Beam) system which emits LED light to
“Kurogane” in 1932 and three-wheeled trucks in properties, were standardized in Europe in Terminal (GDHL) were excellent in increasing light intensi- fast- revolving blade mirrors and ensures
1933, KOITO has started to supply headlamps 1971 and in the United States in 1978. In ty, and has long life and high energy efficiency. high-resolution light distribution. It was installed
for the A A passenger cars to the automotive l i n e w i t h t h e s e t re n d s , KO I TO s t a r te d Main filament
As the next-generation lamp, KOITO succeeded in the Lexus RX in August 2019, becoming the
department of Toyoda Automatic Loom Works, producing SB and SSB headlamps incor- (high beam, run beam) in developing t he lamp as well as a cont rol world's first system in the market.
Ltd. (current Toyota Motor Corporation) in 1936. p orat ing halogen light sources in July Subfilament circuit called ballast, and were installed in the
This commemorates KOITO's par ticipation in 1978. (low beam, Nissan “Terrano” and the Toyota “Mark II” in
automotive lighting equipment business. cross-purposes beam) 1996.
Founding Period 1915〜1945 Post-war Recovery and Developing Period 1946〜1980 Expanding Period 1981〜1999 To Be a “Global No.1 Supplier” 2000〜Present
1915 Koito Genrokuro Shoten founded (Kyobashi, Tokyo) 1949 KOITO MANUFACTURING listed on both the Tokyo and 1981 Production and sales of the worldʼs first plastic lens headlamps 2001 Koito Czech s.r.o. established (Czech Republic)
Fresnel lenses for railway signal lamps introduced Osaka Stock Exchange begins 2003 Production and sales of the world's first swivel AFS
1930 Koito Genrokuro Shoten becomes KOITO MANUFACTURING 1955 Enacted trademark 1983 North American Lighting, Inc. established (Illinois, U.S.A.) (Adaptive Front Lighting System) begins
1935 Shinagawa Plant opens (Tokyo, Japan) 1961 Transferred a head office to Minato-ku, Tokyo 1985 “Innovative ideas and decisive action” corporate slogan introduced 2005 Fuzhou Tayih Industrial Co., Ltd. becomes a KOITO subsidiary (China)
1968 Chicago Representative Office opens (Illinois, U.S.A.) 1986 THAI KOITO COMPANY LIMITED established (Thailand) KOITO KYUSHU LIMITED established (Saga, Japan)
1936 KOITO MANUFACTURING CO., LTD. incorporated
Sagara Plant opens (Shizuoka, Japan) GUANGZHOU KOITO AUTOMOTIVE LAMP CO., LTD. established (China)
(capital 2.5 million yen) 1970 Headquarters building completed (Minato-ku, Tokyo)
1988 Capital interest in Ta Yih Industrial Co., Ltd. acquired (Taiwan) 2006 Production of all-glass sealed beam headlamps ends
1943 Shizuoka Plant opens (Shizuoka, Japan) 1972 Aircraft equipment and electronics plant opens
(Total production: 430 million units)
(Shizuoka, Japan) 1990 Production and sales of projector headlamps begins
2010 PT. INDONESIA KOITO established (Indonesia)
1977 Haibara Plant opens (Shizuoka, Japan) 1992 Fujikawa Tooling Plant opens (Shizuoka, Japan)
2012 North American Lighting Mexico, S.A. de C.V. established (Mexico)
1979 Production and sales of Japan's first aerodynamic-type 1996 Capital interest in Britax Vega Limited acquired (U.K.)
headlamps begins 2014 Hubei Koito Automotive Lamp Co., Ltd. established (China)
1997 Technical Center opens in Shizuoka Plant (Shizuoka, Japan)
INDIA JAPAN LIGHTING PRIVATE LIMITED established (India) 2015 KOITO celebrates its 100th anniversary
1999 Britax Vega Limited becomes Koito Europe Limited 2017 NAL do Brasil Indústria e Comércio de Componentes de Iluminação Ltda.
established (Brazil)
KOITO MALAYSIA SDN. BHD. established (Malaysia)
2019 Capital interest in BrightWay Vision Ltd. acquired (Israel)
2020 Capital interest in Cepton Technologies, Inc. acquired (U.S.A.)
KOITO Development Center opens (Aichi, Japan)
6 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 7
Value Creation ESG Corporate
Story Activities Information
The KOITO Group's Value Creation Process
Investment in managerial resources
Business Model of the KOITO Group
Social Issues - A Leading Company in Automotive Lighting Equipment -
Prevention of
global warming Value Chain P.12
Reduction of
Environment environmental impact Production and Creation of
substances and waste Managerial R&D Procurement
Quality Management
Marketing
corporate value
Conservation of resources
Global
water resources (FY 2021)
Reduction of (FY 2021)
traffic accidents Net sales 706.3billion yen
Safety/ Technological development
Financial Capital
peace contributes to materialize Operating income 56.7billion yen
a sustainable society
of mind 782.1billion yen
Total assets Operating income
Enhancement of
Net assets 569.4 billion yen ratio over net sales 8.0%
product quality
Net income※ 37.6billion yen
Compliance Manufacturing Capital Automotive Lighting Equipment
Capital Contributing to safety and peace of ROE 7.4%
Corporate governance expenditures 37.8billion yen mind of automotive society
No・1
Information security The KOITO Group delivers headlamps with world-class ※Profit attributable to owners of parent
Intellectual Capital brightness, instantaneous lighting, low power con-
Human resource
Corporate development 32.6billion yen
R&D expenditures sumption, and long life. We also produce rear combina-
Values provided
tion lamps and other products by developing cut-
foundation Healthy and safe
R&D personnel 3,130
working environment ting-edge technologies to pursue even better safety
Workstyle reform
Number of patents applied 938
and designs. Our products are widely used by automo-
bile manufacturers all over the world.
to society
Protection of
(Safety/peace of mind/trust)
human rights Human Capital
Contribution to Resolve
Supplier
Disaster prevention Number of employees 23,799
Social Issues
Ratio of overseas employees 68%
● Safety and security of
Materiality Aviation Products Railway and Other Products automotive society
Social and Relationship Capital Promoting energy efficiency and reducing Contributing to safe and secured
P.10 ● Contribution to local
Ratio of overseas net sales 51.7% CO2 emissions in aviation lighting transportation
communities
By adapting LEDs into interior lighting devices (cabin The KOITO Group manufactures and sells railway LED
Business Issues Natural Capital reading lights, ceiling lights, sidewall lights and others) headlamps which improve visibility while lowering power Contribution to Resolve
(KOITO MANUFACTURING)
and exterior lighting devices (landing lights and others), consumption and seats for railroad cars. We also produce Environmental Issues
● Intensified competition in the the KOITO Group provides product with high energy and sell a wide variety of lighting equipment, from marine
automobile industry Resin materials 45,635t efficiency and long life. These lamps help cutting opera- vessels to the roadways and bridges that provide daily ● Reduction of CO2 emissions of
tional costs while delivering superior reliability. transport, and even to theme parks and stadiums. automobiles, aircraft and railway cars
● Progress in technological Electricity
innovation (IoT/AI) 103,247,000kWh
● Reduction of environmental
impact substances P.18
● Growing social demands for CSR
Utility gas1,921,000㎥
Corporate Principles P.2 ● Utilization of renewable energy
3,070t Corporate foundation to The KOITO Group Corporate
LPG P.10
Water 672,000t support our value creation Behavior Charter
Corporate Governance P.50
Resolving social issues
8 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 9
Value Creation ESG Corporate
Story Activities Information
Materiality Materiality Assessment Process
We believe that our business activities are highly compatible with and relevant to Sustainable Develop-
STEP STEP STEP Identification of STEP
ment Goals (SDGs) adopted by the United Nations in September 2015, and can contribute to achieve Identification Materiality
materiality and Approval
these goals.
In order to accelerate these initiatives, we have referred to the GRI (Global Reporting Initiative) guide-
1 of issues 2 analysis 3 correlates with SDGs 4
lines and identified material issues (materiality) to be focused and SDGs to be solved among the vari-
We have identified full We have analyzed the We have identified issues Material issues were
ous social issues. list of potential social issues based on of “very high” importance approved by the Board
We will continue to promote our business activities that contribute to materialize a sustainable society. issues which should be importance for as our materiality, and of Directors.
solved through our stakeholders and the correlated them with
business activities. KOITO Group. SDGs.
Very high
Materiality
Degree of impact on
stakeholders
The KOITO Group Corporate Behavior Charter
The KOITO Group's basic management policy is to create customer needs and contribute to the progress of society,
while also fostering mutually beneficial relationships with all stakeholders, including shareholders, customers, em-
ployees, and business partners, all guided by the theme of “Light.”
In accordance with this policy, we have established the following ten principles. We will comply with domestic and
overseas laws and regulations, international rules, and their underlying spirit, and conduct corporate activities in
accordance with corporate ethics. High Importance in the KOITO Group Very high
In addition, with the aim of achieving sustainable growth of society, we will strive to resolve social issues through
our business activities and fulfill our social responsibilities.
Compliance with social
Trusted corporate conventions / Global management Materiality Relevant SDGs Declaration of KOITO's Initiatives
Sustainable growth and activities We will comply with all applicable laws and
resolution of social issues regulations and will engage in fair, trans-
We will gain customers' satisfaction and
We w i l l s t r i ve t o a c h i eve s u s t a i n a b l e trust through developing and providing
parent, and free market competition, as
Prevention of global ● We will promote reduction of CO2 emissions and
Environment
●
01 growth and resolve social issues by devel- 02 03 well as prop er t rade, and resp onsible
P.38 environmental impact substances, and resource
safe and high - qualit y products and pro curement . In our global cor p orate warming
oping and providing socially beneficial services, providing appropriate informa- activities, we will also comply with interna- recycling guided by the theme of “Eco-friendly
● Reduction of
and safe products and services through tion regarding those products and tional rules and local laws, respect local Manufacturing for People and the Earth.”
innovative manufacturing. services, and fulfilling our social responsi- culture and customs, and maintain sound environmental impact P.40
relationships with government and ● We will contribute to the reduction of CO 2
bility. substances and waste
government agencies. emissions by further improving the light emis-
● Conservation of water
P.41
sion efficiency and reducing the weight of
resources mainstay products.
Work practice and
Fair information disclosure
enhancement of workplace Reduction of traffic We will strive to achieve sustainable growth
and constructive dialogue ●
P.30
●
Safety/peace of mind
environments accidents and resolve social issues by developing and
With the purpose of enhancing our Respect for human rights We will respect the personality, diversity, providing socially beneficial and safe products
corporate value, we will disclose corpo- ● Technological
04 rate information in an appropriate, effec-
05 We will respect the human rights of all 06 and character of each of our employees,
development and services.
persons. regardless of their nationality or gender.
tive, and fair manner and engage in contributes to P.43 ● Looking ahead to autonomous driving society,
We will also strive to provide a healthy
constructive dialogue with a wide range materialize a we will promote product development of sen-
and safe workplace environment in which
of stakeholders, including shareholders,
all employees can make the best use of sustainable society sors (LiDARs and cameras).
business partners, and local residents.
their capabilities and fulfill their potential.
● We will gain customers' satisfaction and trust
● Enhancement of through developing and providing safe and
P.44
Rejection of relations with anti-social product quality high-quality products and services.
forces / Comprehensive risk
Engagement in management engagement
Contribution to society ● Compliance P.54 ● We will enhance corporate governance and
environmental issues We will adamantly reject any relations strengthen compliance to establish sound man-
We will be conscious of our responsibility ● Corporate governance P.50
07 Guided by t he t heme of “ Eco -fr iendl y 08 as a good corporate citizen, and actively 09
with and resolutely stand against anti-so- agement system.
Corporate foundation
cial forces or groups that pose a threat to
Manufacturing for People and the Earth,” engage in social contribution activities,
civil life or corporate activities, and we will ● We will strive to protect information assets by
we will proactively engage in global envi- and we will contribute to the realization ● Information security P.57
ronment conservation through our busi- of a prosperous society.
engage in comprehensive corporate risk preparing for risks on information security.
management in preparation for terrorist
ness activities.
activities, cyberattacks, natural disasters,
● Human resource
and other crises.
development P.48 ● We will strive to provide a healthy and safe
● Healthy and safe
workplace environment in which all employees
Role of top management and thorough implementation of this Charter P.48 can make the best use of their capabilities and
working environment
fulfill their potential.
Top management will recognize that fulfilling the spirit of this Charter is their own role, and they will be committed to thoroughly informing the ● Workstyle reform P.47
KOITO Group and its supply chain about the Charter and encouraging them to take actions based on the Charter.
Top management will also continually gather opinions from both inside and outside of the company to help establish an effective governance
10 ● Protection of ● We will promote initiatives to respect the
system and thoroughly enforce corporate ethics. P.49
In the event that the corporation violates the spirit of this Charter and loses social trust, top management shall take the initiative and fulfill its human rights human rights of all persons.
responsibility by resolving the problem, elucidating the causes, disclosing information, and preventing future recurrences. Additionally, top man-
agement will severely punish those involved, including themselves, if appropriate, after clarifying their authority and responsibility. ● We will strengthen our disaster prevention
● Disaster prevention P.56
system throughout the supply chain.
10 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 11
Value Creation ESG Corporate
Story Activities Information
The KOITO Group's Value Chain
The KOITO Group will demonstrate the strengths of its value chain from R&D
to procurement, production, quality management and marketing to deliver high-value
products and services to society with the aim of enhancing our corporate value.
Production and
R&D Procurement Marketing
Quality Management
The KOITO Group makes full use of optics, electronics The KOITO Group selects necessary material and The KOITO Group manufactures the products it devel- The KOITO Group understands global customer needs,
and other cutting-edge technologies in the pursuit of component suppliers for product manufacturing to ops and designs using the materials and products pur- realizes cooperation with relevant departments and
safety and reliability, and conducts research and devel- procure components. chased from subsidiaries and suppliers. We audit plants conducts proposal and marketing activities through
opment of innovative and environmentally friendly This selection of suppliers is determined based when star ting the manufacture of new products or presentations.
system products. The KOITO Group's R&D activities are on component specifications, monthly quantities, when changing manufacturing processes at subsidiar-
broadly categorized into basic research and product unit prices, estimated price of molds and other ies. We make proposals of next-generation products that
development. factors. In addition, we audit and approve supplier We formulate delivery plans based on order estimates contribute to safety and the environment based on
plants when engaging in new procurement. from automotive manufacturers and other customers good customer relationships founded in trust, aiming to
Outline
Basic research
We formulate and manage procurement plans for as well as subsidiaries (unof ficial monthly, yearly, expand its sales channels and profit.
Centered upon technical center in Japan, the KOITO
materials and components according to the KOITO mid-term and other plans) in addition to confirmed
Group conducts research to commercialize a new genera-
Groupʼs production plans. orders as well as production plans taking applicable
tion of products anticipating market needs through
inventory and other plans into account.
further evolution of our core technologies such as optics,
electronics, machinery, and structures.
KOITO engages in quality management operations to
Product development assure quality throughout the entire Group and formu-
The KOITO Group not only proposes new technologies to lates qualit y inspection criteria and qualit y control
automotive manufacturers and other customers, but also methods. Everyone involved in manufacturing engages
develops products accommodating development plans in quality control activities based on the criteria and
and required specifications. quality control methods.
● Global R&D network in five major regions of the ● Global procurement system that allows local sourc- ● Appropriate production system established by ● Global information gathering and sales system in
world (Japan, Americas, China, Europe and Asia) ing from suitable procurement sites the KOITO Production System (KPS) all five major regions of the world
● Clear understanding of needs through partner- ● Enhancement of local procurement to mitigate ● Global production and quality assurance system ● Global top share sales capabilities
ships with customers, suppliers, external agen- the impact related to foreign exchange fluctu- in all five major regions of the world ● Clear understanding of changing and diverse
cies and other such organizations, and its imple- ations ● Designation of the KOITO Shizuoka District as the customer needs as well as specific sales capabil-
Our Strength
mentation to the products ● Sustaining and strengthening of good, strong mother plant and support for launching overseas ities
● Provision of safe and reliable products such as relationships with suppliers production sites and measures to address various ● Sustaining and strengthening of good, strong
Adaptive Driving Beam (ADB) headlamps to pro- ● Realization of high-level Quality, Cost, Deliv- problems relationships based on close communication with
vide better visibility at night ery and Development (QCDD) through ongo- ● Drills and training to pass down and improve the customers
● Environmental contributions through energy effi- ing improvement activities with the coopera- technical abilities and skills of employees ● Product proposals of light sources and lighting
ciency as well as smaller and light-weight reduc- tion of suppliers throughout the entire Group technology cultivated in the automotive lighting
tions, including the promotion of a transition to ● Preparation of a system to quickly grasp the level ● Strengthening and continuation of improvement equipment business for adoption in aviation and
LEDs of damage and problems faced by suppliers activities for production sites railway products
● Rapid response to technical challenges based on when disasters strike and to cooperate with sup-
a wealth of knowledge and experience pliers to take the necessary action
● Educational system to develop and strengthen ● Promotion of CSR/ESG activities throughout
diverse human resources in technical fields the entire supply chain to materialize a sus-
tainable society
● Promotion of research and development themes ● Stable procurement by securing a flexible supply ● Strengthening of competitiveness by improving global ● Strengthening of marketing systems that reflect cus-
adapting to rapidly changing technical and market and strengthening the effectiveness of Business QCDD tomer and market needs
Tasks Addressed to
Deep Value Chain
needs as well as a fiercer development race from Continuity Plans (BCP) in the supply chain ● Strengthening of quality management that adapts to ● Proposals of attractive products that help materialize
connectivity, autonomous driving, sharing and electric ● Optimization of supplier portfolios (thorough more advanced and complex products a safe, reliable automotive society and resolve social
vehicles (CASE) to mobility as a service (MaaS) cooperation across industries and elements of ● Shift to production equipment and processes that issues
● Promotion of advanced technical development that competition) contribute to global environmental conservation and ● Higher customer satisfaction
helps materialize a safe, reliable automotive society ● Enhancement of CSR/ESG activities throughout impact substance reduction ● Education and training to foster and strengthen com-
and resolve social issues the entire supply chain ● Enhancement of productivity through the use of AI, pliance awareness
● More efficient product development through the use ● Reduction of environmental impacts throughout IoT and other technologies, such as the realization of
of various simulations, ICT and other technologies the entire supply chain, such as proper manage- smart factories
ment of environmental impact substances and ● Strengthening of BCP at production sites, such as
measures to prevent global warming more resistant buildings and equipment and better
complimentary supply capabilities
12 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 13
Value Creation ESG Corporate
Story Activities Information
Message from Top Management
The KOITO Group will contribute to materialize a sustainable On the earnings front, although KOITO strongly imple-
mented cost reduction and rationalization in response
society and resolve social issues through our to the decrease in sales, operating income, recurring
profit and profit attributable to owners of parent de-
“Lighting for Your Safety” corporate message. creased year on year. This was at tributable to the
investment to meet new orders, and investment in R&D
activities for the future growth, such as LiDARs.
As for F Y 2022, the global automobile production
Since our founding in 1915, the KOITO Group has
volume is expected to recover, even though the effects
developed and commercialized attractive products
of the novel coronavirus (hereinafter “COVID-19”) con-
through innovative ideas and contributed to the safety
tinue, and the constraints in the supply and demand of
and peace of mind of society through our corporate
semiconductors remain.
principles “to create customer needs and contribute to
As a result, the KOITO Group's net sales for FY 2022
the progress of society, guided by the theme of 'Light'”
are expected to increase year on year. Accordingly,
and the “innovative ideas and decisive action” corporate
even though we are planning to make further invest-
policy. The KOITO Group recognizes these activities are
ment to meet new orders and promote R&D activities
highly compatible with and relevant to Sustainable De-
for the future growth, each of the operating income,
velopment Goals (SDGs) adopted by the United Nations.
recurring profit, and net income attributable to the
owners of the parent is expected to increase year on
To further promote and vitalize our business activities
year.
from SDGs as well as Environmental, Social and Gover-
The KOITO Group will continue our efforts to achieve
nance (ESG) perspectives, we revised the KOITO Group
higher earnings to meet the expectations of all stake-
Corporate Behavior Charter, which is our corporate
holders.
code of conduct, in January 2021 and have identified
14 materialities (material issues) by associating the
sustainable growth of the KOITO Group with solutions
to social issues. By resolving these issues, we aim to Response to the Spread of COVID-19
contribute to materialize a sustainable societ y and
become a company trusted by all of our stakeholders. City lock downs, rapid decline in automotive production
and demand as well as other such factors have greatly
impacted the KOITO Group causing temporary produc-
tion adjustments and stoppages. However, the KOITO
Group has implemented various measures in accor-
dance with governmental and municipal requirements
Review of FY 2021 and Forecast to prevent the spread of COVID-19 infection with the
for FY 2022 safety of our customers, business partners, employees
and their families as our top priority.
In FY 2021, the production volume decreased year on
year for both domestic and export vehicles in the Japa- To maintain the safety and continuity of our business
nese automobile industry. In overseas, the production activities in this time of crisis, we looked at these chal-
volume increased in China etc., year on year. However, lenges as an important opportunity to strengthen and
the global automobile production volume as a whole enhance the development, production and supply sys-
has decreased year on year due to the decrease in the tems in all five major regions of the world (Japan, Amer-
production volume in North America, Europe, ASEAN icas, China, Europe and Asia), including a mutually com-
countries, India and other regions. plementary supply network within the KOITO Group. By
recognizing the clear risks arising from centralized pro-
In this climate, despite an increase in new orders in the curement from a single entity, we are identifying mate-
mainstay automotive lighting equipment segment and a rials and components acquired by centralized purchas-
shift in automobile lamps to LED, the KOITO Groupʼs net ing and are reevaluating proper procurement methods
sales decreased year on year due to a year on year de- and ideal supply chains from perspectives to reduce
crease in sales in Japan, Nor th America, and Asia, costs and risks.
caused by a decrease in the automobile production Striving to turn the COVID-19 crisis to an opportunity,
volume. w e a re p ro m o t i n g a n d i m p rov i n g m o re e f fi c i e n t
Chairman and CEO President and COO operations using IT and flexible employee work styles
from staggered work hours to teleworkings, which
should help foster further growth of the KOITO Group.
14 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 15
Value Creation ESG Corporate
Story Activities Information
Aiming to become a “Global No.1 Supplier”
The automotive industry is facing a once-in-a-cen- World-leading Technologies Sustainable Growth New Challenge: To Illuminate
tury transformational period illustrated by CASE
and Ingenuity the World
as well as MaaS. In addition, worldwide competi- We believe that human resource development
tion and optimal global production systems are The KOITO Group has created technologies and is the driving force of our corporate growth. The KOITO Group aims to materialize a sustain-
ever accelerating due to the advancement of glo- products which have always pioneered each With the keywords of “communication and able society and resolve social issues as a lead-
balization. generation and market, and developed its busi- collaboration,” the KOITO Group encourages ing company of automotive lighting and electri-
nesses by responding to customer needs to ma- every employee to share their knowledge, ex- cal equipment and will strengthen its business
terialize a safe, reliable society of transportation perience, findings, and problem awareness a c t i v i t i e s t h ro u g h o u r “ L i g h t i n g fo r Yo u r
During this transformation, the KOITO Group is
founded in our “innovative ideas and decisive through various means to build energetic Safety” corporate message.
accelerating various initiatives toward its medium-
action” corporate policy. worksites where every member can work on
to long-term growth with the goal of becoming a
tackling problems. Under our corporate slogan, “New challenge: To illu-
“Global No.1 Supplier” w it h t hree key words:
Technical capabilities are an essential competi- We strive to enhance work-life balance, pro- minate the world,” we will continue to develop the
“World-leading Technologies and Ingenuity,” “Sus- mote diversity, expand human resource devel-
tive power of the KOITO Group. Therefore, we newest and the best technologies, improve perfor-
tainable Growth” and “A Trusted Company.” opment programs and rebuild sys temat ic mance and quality of our products, promote train-
have established a global net work in all five
major regions of the world, centered upon human resource development achievement ing for employees to raise their performance and
KOITO technical center. Aiming to reduce traffic evaluations in an effort to ensure every em- skills, as well as stay true to our basic stance to
accidents by prov iding pro ducts t hat help p l oy e e c a n ex p e r i e n c e t h e i r g r o w t h a n d adopt the perspective of customers to supply prod-
ensure visibility in night driving from LED head- become motivated to take on new challenges. ucts and services that will meet their expectations.
lamps to Adaptive Driving Beam (ADB) head- We would greatly appreciate your continued under-
lamps, the KOITO Group is enhancing its prod- standing and support.
uct variations and lowering costs toward greater
market prevalence targeting a 100% adaption
A Trusted Company June 2021
rate of LED headlamps and 50% adaption
To ensure thorough compliance with laws and
rate of ADB by FY 2031.
regulations, social conventions, corporate
In addition, we are undertaking the challenge
ethics and internal rules, the KOITO Group will
of developing LiDAR, all-weather cameras and
continue to raise compliance awareness in
other sensing technology for an autonomous
each and ever y employee and fur ther
driving society with the goal of practical imple-
strengthen trust from all of its stakeholders.
mentation by 2023.
In recent years due to the accelerated transi-
To achieve our future growth, the KOITO Group
tion to electric vehicles, higher qualit y has
will strive to improve productivity and creativity
become even more important as automotive
in pursuit of added value through digital trans-
parts become more advanced and complex.
formation (DX) while continuing to actively
The KOITO Group strengthens on-site capabili-
invest in research and development.
ties and investigates the true causes of de-
R&D Network in Five Major fects through information sharing about any
Regions of the World problems or challenges discovered, mutual un-
derstanding of pre- and post-processes, and
as su rance of ea ch pie ce w i t h t he g oal of
GUANGZHOU KOITO THAI KOITO
achieving a level of quality chosen by custom-
Technical Section Technical Center
ers through the quality and trust of being
global No. 1.
In terms of the environmental activities, we are
reducing CO 2 emissions and environmental
impac t subs tances as well as promoting
resource recycling and expanding “Eco-friendly
Manufacturing for People and the Earth” conscious
of a decarbonized society and carbon neutrality.
KCZ KOITO NAL We are also preparing for disasters and
Technical Section MANUFACTURING Technical Center spearheading comprehensive risk management
Technical Center to strengthen our corporate capabilities.
16 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 17
Value Creation ESG Corporate
Story Activities Information
The KOITO Group's Vision 2 Sustainable Growth
The KOITO Group will achieve sustainable growth by engaging in initiatives such as the creation of value that
The KOITO Group conducts business activities based on the three pillars of “World-leading Tech-
anticipates the needs of society and customers, building of a firm profit structure and the development of
nologies and Ingenuity,” “Sustainable Growth” and “A Trusted Company” with the goal of becom- diverse human resources.
ing a “Global No.1 Supplier.” ●We will strengthen our global business framework through the enhancement of development, production and sales systems
“Global No.1 Supplier”
globally and the configuration of global information infrastructure and networks revolutionizes work style and information
sharing with our overseas business entities.
●We will improve our employees' work-life balance by introducing teleworking system as new normal work styles, and
promote active participation of women, senior employees and other diverse human resources.
［ Three Pillars ］ ●We will also establish a systematic education and training system by expanding curriculum to include content such as logi-
cal thinking and various methods of expression while promoting the development of human resources who can experience
growth and become motivated to take on new challenges.
+ +
World-leading Target
Sustainable A Trusted
Technologies (FY 2026)
Growth Company
and Ingenuity
Number of women in 4 times than the
senior management number of FY 2015
Specific Measures (Strategies)
Monthly average
17 hours or less
overtime hours
TACTICS 01 TACTICS 02 TACTICS 03 TACTICS 04 (KOITO MANUFACTURING)
Enhance a system to Respond to future chang- Pursue the highest Further reinforce the
respond to the five major es in mobility and devel- quality and safety stan- profit structure and cor-
regions of the world (Japan,
Americas, China, Europe
op advanced technolo-
gies anticipating custom-
dards, advance environ-
mental conser vation
porate constitution by
securing and effectively 3 A Trusted Company
and Asia), such as further er and market needs as and strengthen compli- allocating resources.
enhancements to product well as rapidly commer- ance. The KOITO Group will strive to gain trust of all of our stakeholders by providing safe and eco-friendly products
development, manufactur- cialize and bring attrac- to the market, promoting quality-first manufacturing, improving employee motivation and ensuring thorough
ing and sales functions of tive products to market
compliance.
the Group. in a timely manner.
●We will promote CSR from thorough compliance to the achievement of mutual prosperity with customers and business part-
ners and contribution to shareholders and local communities.
In addition, we will coexist with the Earth, reduce environmental impacts, and promote the use of renewable energy while
1 World-leading Technologies and Ingenuity preparing for disasters and thoroughly managing other risks to further strengthen trust from all of our stakeholders.
●As products become more advanced and complex, we will promote quality assurance initiatives through active coop-
eration with all departments from research and development to design, evaluation, testing, production and even our
The KOITO Group will work to develop world-first technologies and products such as the new technology driv- suppliers to prevent the recurrence of any quality issues in the market, delivery or processes.
ing the next generation of LED, innovative designs, revolutionary new materials and work methods, which con- ●We will strengthen on-site capabilities and investigate the true cause of defects through information sharing about any
tribute to the safety and security of a transportation society. problems or challenges discovered, mutual understanding of pre- and post-processes, and assurance of each piece with
the goal of achieving the quality and trust of being global No. 1.
●We will deliver attractive products to customers worldwide at an early stage and
contribute to the safety and security of a transportation society by further pro-
moting automotive lamp's transition to LED and ADBs, as well as reducing its
weight. Moreover, we will cooperate and coordinate with the Group companies Target Result
(FY 2021) (FY 2021)
Shareholders
and external agencies, such as startup companies and universities, to develop
and Investors
LiDAR, all-weather cameras and other such technologies.
●We will reinforce business activities in marketing, aircraft component and CO2 emissions 13% reduction 17% reduction
ot h e r d i v is i o ns to ex pa n d o u r s a l e s by d eve l o p i n g a n d co m m e rcia l izi n g intensity from FY 2016 from FY 2016
■ Worldʼs first BladeScanTM ADB-equipped Local
unprecedented products which offer new value to the market. Customers
Toyota vehicle: Lexus RX
Communities
Waste generated 18% reduction 31% reduction
Result Plan Forecast per unit from FY 2016 from FY 2016
(FY 2021) (FY 2022) (FY 2026)
9% reduction 27% reduction
LED adoption ratio 64% 74% 90% Water usage per unit
from FY 2016 from FY 2016
Business
Employees
Partners
ADB adoption ratio ※
5% 8% 25% VOC emissions 250 t or less 220 t
Note: ADB adoption among the KOITO Group's headlamps ■ Concept model equipped with the
next-generation headlamp (KOITO MANUFACTURING)
18 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 19Value Creation ESG Corporate
Story Activities Information
Business Overview Global Network
The KOITO Group consists of 31 companies located in 13 countries worldwide. We provide products
The KOITO Group is developing, manufacturing and selling lighting equipment for all and services to customers all over the world, through our global network led by five major regions of
kinds of transports, including automobiles, railways and even aircraft and ships. the world (Japan, Americas, China, Europe and Asia). By accurately capture the customer needs in
different countries, with its global perspective, all companies in the KOITO Group are expanding its
Other Businesses
development and production system. Based on the stance of “customer-first,” KOITO continues to
16.1 billion yen pursue better operations to keep Quality, Cost, Delivery and Development (QCDD) to the highest
level.
Through our mutually complementary supply network among affiliated companies that leverage our
Non-automotive Electrical global network, we are stably providing products and services to customers worldwide even amid the
Equipment Business COVID-19 pandemic.
Consolidated sales
39.0 billion yen by business segments
●Head Office
●Overseas Technical Associates
●Overseas Subsidiaries and Affiliates
●Overseas Representative Offices
706.3
Automotive Lighting
Equipment Business
billion yen
(FY 2021)
651.2 billion yen EUROPE
NORTH
AMERICA
KCZ 3.9% 20.3%
CHINA NAL Flora Plant
KEL
14.7% NAL Paris Plant
FUZHOU KOITO TAYIH JAPAN NAL Salem Plant
Automotive Parts (Headlamps)
Detroit Office
GUANGZHOU KOITO 48.3%
Hubei Koito
BWV
THAI KOITO KPS
Bangplee Plant Seattle Office NAL Indiana Tooling Plant
Belgium Office KOITO MANUFACTURING
R&D Lab in NAL Alabama Plant
France Office Ta Yih Industrial
Silicon Valley
IJL Bawal Plant THAI KOITO Prachinburi Plant
IJL Chennai Plant INDONESIA KOITO NAL Mexico
■ LED headlamps
KOITO MALAYSIA
SOUTH
ASIA AMERICA
12.2% 0.6% NAL Brasil
■ LED headlamps for motorcycles
● Overseas Subsidiaries and Affiliates ● Domestic Subsidiaries and Affiliates
Automotive Parts (Rear Combination Lamps and Others)
North American Lighting, Inc. (U.S.A.) KOITO KYUSHU LIMITED
North American Lighting Mexico, S.A. de C.V. (Mexico) Koito Transport Co., Ltd.
KPS N.A., INC. (U.S.A.) Aoitec Co., Ltd.
NAL do Brasil Indústria e Comércio de Componentes de Shizuokadenso Co., Ltd.
Iluminação Ltda. (Brazil) Nissei Industries Co., Ltd
Koito Europe Limited (U.K.) Fujieda Auto Lighting Co., Ltd.
■ LED rear combination lamps ■ Side turn signal lamp Koito Czech s.r.o. (Czech Republic) Shizuoka Wire Harness Co., Ltd.
GUANGZHOU KOITO AUTOMOTIVE L AMP CO., LTD. (China) Haibara Machine and Tools Co., Ltd.
Hubei Koito Automotive Lamp Co., Ltd. (China) Shizuoka Kanagata Co., Ltd.
Parts for Railroad, Aircraft, Maritime and Others FUZHOU KOITO TAYIH AUTOMOTIVE L AMP CO., LTD. (China) Koito Insurance Services Co., Ltd.
THAI KOITO COMPANY LIMITED (Thailand) Takeda Suntech Co., Ltd.
PT. INDONESIA KOITO (Indonesia) New Fuji Co., Ltd.
Ta Yih Industrial Co., Ltd. (Taiwan) KOITO ELECTRIC INDUSTRIES, LTD.
INDIA JAPAN LIGHTING PRIVATE LIMITED (India) Minatsu, Ltd.
KOITO MAL AYSIA SDN. BHD. (Malaysia) Okayama Industry Co., Ltd.
■ Headlamps for railroad cars ■ Interior lighting devices for aircraft ■ Seats for railroad cars ■ Lamps for stadiums BrightWay Vision Ltd. (Israel)
20 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 21Value Creation ESG Corporate
Story Activities Information
Net sales [Japan] Share of sales [Japan]
JAPAN (¥ billions)
FY 2021
400
In FY 2021, domestic automobile production volume for both domestic and export
vehicles decreased drastically year on year to less than 8 million unit. Despite an increase in new orders and a 300
shift in automobile lamps to LED, sales in
Japan decreased 11.1% year on year to 200
48.3%
¥341.0 billion due to a decrease in the do-
mestic automobile production volume. 100
0
2019 2020 2021 (FY)
KOITO MANUFACTURING KOITO KYUSHU LIMITED
Despite the increase in new orders and a shift in automobile lamps to LED, net sales of KOITO KOITO KYUSHU LIMITED is responsible for
MANUFACTURING for FY 2021 decreased 12.4% year on year to ¥312.2 billion. supp or t ing au tomobile pro duc t ion in t he
On the earnings front, although KOITO implemented rationalization, operating income de- Kyushu and Chugoku region by various auto-
creased 17.3% year on year to ¥21.1 billion, recurring profit decreased 18.3% to ¥38.1 billion, and makers, in conjunction with building a mutu-
net income decreased 8.6% to ¥38.0 billion, due to a decrease in sales, increased R&D expenses ally complementar y supply net work and
and depreciation cost for capital investment to meet new orders. structure through collaboration with KOITO
KOITO made total capital expenditures of ¥12.1 billion primarily for the development of new MANUFACTURING.
products and model changes in the automotive lighting equipment segment, and for new facilities
needed for rationalizations and cost-cutting measures, as well as molds and industrial tools.
■ KOITO KYUSHU Head Office and Plant
Non-automotive Electrical Equipment Business
In the non-automotive electrical equipment
b u s i n e s s , KO I TO EL ECT R I C I N D US T R I ES ,
LTD. and other subsidiaries manufacture and
sell control systems and seats for railroad
cars, equipment for information, traffic sys-
tems and others.
■ KOITO MANUFACTURING Shizuoka Plant ■ KOITO MANUFACTURING Haibara Plant
■ KOITO ELECTRIC INDUSTRIES Head Office and Fujinagaizumi Plant
■ KOITO MANUFACTURING Sagara Plant ■ KOITO MANUFACTURING Fujikawa Tooling Plant
22 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 23Value Creation ESG Corporate
Story Activities Information
Net sales [North America] Share of sales [North America]
NORTH AMERICA (¥ billions)
FY 2021
Despite an increase in new orders 250
In FY 2021, automobile production in North America decreased year on year to the and a shift in automobile lamps
200
13 million unit level. to LED, sales in North America
In North America, KOITO operates automotive lighting equipment business in the decreased 21.2% year on year to 150
U.S.A. and Mexico. ¥143.4 billion due to a decrease 20.3%
100
in automobile production volume
and the effect of currency ex- 50
change.
United States 0
2019 2020 2021 (FY)
In the U.S.A., KOITO operates business at North American Lighting, Inc. (NAL). NAL conducts pro-
Mexico
duction operations at four plants: Paris, Flora and Salem in Illinois, and a plant in Alabama. As the
largest independent lighting equipment manufacturer in North America, NAL supplies automotive North American Lighting Mexico, S.A. de C.V.
lighting equipment to U.S.-based automotive manufacturers and to local plants of Japanese auto- (NAL Mexico), which commenced its opera-
motive manufacturers. NAL also produces dies for plastic moldings at a tooling plant in Indiana. tions in September 2014, responds to the
In research and development, NAL conducts product development at its Technical Center in the expanding automotive production in Mexico.
city of Farmington Hills in Michigan.
In the non-automotive electrical equipment business, KPS N.A., INC. manufactures and sells
electrical components for railroad cars.
■ NAL Mexico
SOUTH AMERICA
In FY 2021, automobile production in South America decreased year on year to the
2.2 million unit level.
Net sales [South America] Share of sales [South America]
Despite an increase in new orders, FY 2021
■ NAL Head Office (Paris) (¥ billions)
sales in South America decreased 5
4.1% year on year to ¥4.5 billion
due to a decrease in automobile 4
production volume and the effect
3
of currency exchange.
2 0.6%
1
0
2019 2020 2021 (FY)
■ NAL Paris Plant ■ NAL Flora Plant ■ NAL Salem Plant Brazil
In order to respond to the growing automo-
t ive market in Sou t h A merica , in Januar y
2017, the KOITO Group established NAL do
Brasil (NAL Brasil), a manufacturing subsidi-
ary in São Paulo State, Brazil. The subsidiary
commenced operations in May 2018.
■ NAL Alabama Plant ■ NAL Indiana Tooling Plant ■ NAL Technical Center
■ NAL Brasil
24 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 25Value Creation ESG Corporate
Story Activities Information
CHINA EUROPE
Automobile production in China increased to the 27 million unit level in FY 2021. Automobile production in Europe decreased from the previous fiscal year to 12 mil-
lion units in FY 2021.
In Europe, KOITO operates businesses in the U.K. and Czech Republic.
Net sales [China] Share of sales [China] Net sales [Europe] Share of sales [Europe]
FY 2021 FY 2021
(¥ billions) (¥ billions)
120 40
Sales in China increased 10.4% year Sales in Europe decreased 21.1%
90 30
on year to ¥103.4 billion due to an year on year to ¥27.6 billion due to a
increase in automobile production decrease in automobile production
60 20
volume. 14.7% volume. 3.9%
30 10
0 0
2019 2020 2021 (FY) 2019 2020 2021 (FY)
United Kingdom
In the U.K., KOITO has been producing auto-
KOITO has been developing its automotive lighting equipment business in China through 3 com-
mobile lighting equipment at Koito Europe Lim-
panies: GUANGZHOU KOITO AUTOMOTIVE LAMP CO., LTD. (GUANGHZOU KOITO), Hubei Koito
ited (KEL) since 1996, as KOITOʼs first produc-
Automotive Lamp Co., Ltd. (Hubei Koito), and FUZHOU KOITO TAYIH AUTOMOTIVE LAMP CO.,
tion base in Europe.
LTD. (FUZHOU KOITO TAYIH).
In research and development, KOITO is conducting product development at the Technical Sec-
tion in GUANGZHOU KOITO.
■ KEL
Czech Republic
In the Czech Republic, KOITO produces automobile lighting equipment at Koito Czech s.r.o.
(KCZ). To respond to increasing new orders, KOITO expanded its plant in KCZ, and commenced
operations in May 2020.
R&D activities are conducted at its Technical Section, and a wide range of businesses are
being carried out, from gathering technological information to developing and designing for
■ GUANGZHOU KOITO ■ GUANGZHOU KOITO Technical Section
local and Japanese automakers.
■ Hubei Koito ■ FUZHOU KOITO TAYIH ■ KCZ ■ KCZ Technical Section
26 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 27Value Creation ESG Corporate
Story Activities Information
Net sales [Asia] Share of sales [Asia]
ASIA (¥ billions)
FY 2021
120
In FY 2021, compared to the previous year, Asian automobile production volume de-
100
creased in ASEAN counties, India and other regions. Despite a shift in automobile lamps to
LED, sales in Asia decreased 15.2% 80
In Asia, KOITOʼs business is conducted in Thailand, Indonesia, Taiwan, India and Malaysia.
year on year to ¥86.2 billion due to a 60
12.2%
decrease in automobile production
40
volume and the effect of currency ex-
20
change.
0
2019 2020 2021 (FY)
Thailand India
In Thailand, which is the center of the Asian automotive industry, KOITO supplies automotive In India, where the automotive industry is expected to grow in the long term, KOITO is conduct-
lighting equipment to all local Japanese automotive manufacturers. The products are manufac- ing business in INDIA JAPAN LIGHTING PRIVATE LIMITED (IJL). IJL manufactures automotive
tured in 2 plants in THAI KOITO COMPANY LIMITED (THAI KOITO): Bangplee Plant and Prachin- lighting equipment at 2 plants: Chennai Plant and Bawal Plant.
buri Plant. Furthermore, KOITO is strengthening its development systems in the Asian region led
by THAI KOITO Technical Center.
■ THAI KOITO Bangplee Plant ■ THAI KOITO Prachinburi Plant ■ THAI KOITO Technical Center
■ IJL Chennai Plant ■ IJL Bawal Plant
Indonesia Taiwan Malaysia
In Indonesia, KOITO produces lamps for auto- In Taiwan, operations are conducted by Ta Yih In Malaysia, which is the third largest automo-
mobiles and motorcycles at PT. INDONESIA Industrial Co., Ltd. (Ta Yih Industrial), in which tive production country in the ASEAN regions,
KOITO. In March 2019, KOITO expanded plants KOITO took an equity interest in 1988. the KOITO Group established KOITO MALAY-
in Indonesia to respond to increasing orders. SIA SDN. BHD. (KOITO MALAYSIA) in October
2017. The subsidiary commenced operations in
November 2019.
■ KOITO MALAYSIA
■ INDONESIA KOITO ■ Ta Yih Industrial
28 KOITO INTEGRATED REPORT 2021 KOITO INTEGRATED REPORT 2021 29You can also read
