Toyota Boshoku Corporation
Regarding Market Recall Measures for Vehicles Equipped with Our Group’s Products
Approximately 16 billion yen of quality-related expenses are planned to be recorded in the fourth quarter of the fiscal year ending March 2026. Reclining mechanism defects were identified in automotive seats manufactured by consolidated subsidiaries in the U.S. and China, resulting in recall filings.
Key Figures
- Quality-related expenses: Approximately 16 billion yen (planned to be recorded in the fourth quarter of the fiscal year ending March 2026)
- Recall filing date (U.S.): 2026-03-06
- Recall filing date (China): 2026-03-27
AI要約
Overview of the Recall
A recall filing was made to the U.S. Department of Transportation’s National Highway Traffic Safety Administration in March 2026 due to potential defects in the reclining mechanism of rear seats (second row) installed in vehicles fitted with automotive seats manufactured by our U.S. consolidated subsidiary. Furthermore, similar defects were identified in the same types of products manufactured by our Chinese consolidated subsidiary, leading to a recall filing with the State Administration for Market Regulation of China on March 27, 2026.
Impact on Financial Results
Quality-related expenses associated with these recalls are expected to be recorded as operating expenses amounting to approximately 16 billion yen in the consolidated accounting period of the fourth quarter of the fiscal year ending March 2026. This is expected to have a negative impact on the earnings for that period.
Toyota Boshoku Corporation
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