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Maker of automotive interior/seating systems and filtration products, part of the Toyota group.
Maker of automotive interior/seating systems and filtration products, part of the Toyota group.
Wins a seat or interior supply slot for a given car model and then delivers the finished seats to the assembly line in step with production, so volume follows that model's output. Toyota and its group firms are by far the biggest customer, with plants abroad supplying other automakers.
In one line: A Toyota-group Lear Corporation.
Moat: narrow (customer qualification, process know-how, scale). Deep Toyota-group supply relationships and seating-system qualification built over decades.
Headquarters: Kariya, Japan · Founded: 1918 · Employees: 45,521
Size Toyota Boshoku (3116.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.28B, the 449th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,013 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -12.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 7.8% over the last twelve months (peer median +11.8%); the operating margin is 2.3% (peer median 7.0%).
Valuation It trades at 7.7× forward earnings against a peer median of 22.0× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.9 points below its cost of capital (7.7% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.13T | ¥2.04T | ¥1.95T | ¥1.95T | ¥1.60T |
| Revenue growth | — | +4% | 0% | +22% | — |
| Gross profit | ¥208B | ¥248B | ¥242B | ¥244B | ¥185B |
| EBITDA | ¥103B | ¥108B | ¥128B | ¥143B | ¥94.0B |
| Net income | ¥28.3B | ¥23.3B | ¥16.7B | ¥58.5B | ¥14.7B |
| Free cash flow | ¥54.9B | ¥78.0B | ¥49.2B | ¥110B | ¥43.7B |
| Capital expenditure | ¥79.5B | ¥69.1B | ¥77.6B | ¥71.0B | ¥50.5B |
| Total debt | ¥194B | ¥210B | ¥197B | ¥215B | ¥191B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Toyota Boshoku 3116.T | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% |
| Lear LEA | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% |
| Adient ADNT | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% |
| Toyoda Gosei 7282.T | $3.81B | +26% | +13% | 7% | 9.8× | 0.5% |
| TS Tech 7313.T | $1.25B | -3% | 0% | 2% | 23.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3116.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.3% | -7.5% | 11th highest of 21 |
| 6-month return | -8.8% | -12.4% | 10th highest of 21 |
| Distance from 52-week high | -38.8% | -35.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +7.8% | +11.8% | 9th lowest of 21 |
| Operating margin | 2.3% | 7.0% | 4th lowest of 21 |
| Forward P/E | 7.7× | 22.0× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -7.3% | 10.6% | least demanding of 15 |
| Growth delivered (Del g) | +9.9% | +12.3% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -17.2 pp | +6.7 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | -0.9 pp | -1.3 pp | 11th highest of 21 |
| Net debt / EBITDA | -0.7× | 1.1× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Toyota Boshoku 3116.T | Japan | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% | +9.9% |
| Huada Automotive Technology 603358.SS | China | $2.28B | +3% | +5% | -3% | 24.7× | n/a | n/a |
| Weifu High-Technology 000581.SZ | China | $2.29B | -11% | +17% | -3% | 10.2× | 16.4% | -1.4% |
| Chongqing Zongshen Power Machinery 001696.SZ | China | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% | +9.6% |
| Hanon Systems 018880.KS | South Korea | $2.31B | -28% | +5% | 4% | 12.3× | 3.6% | +9.6% |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 13.3× | n/a | n/a |
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 20.4× | n/a | n/a |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 34.2× | n/a | n/a |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% | +7.6% |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 13.2× | 5.0% | +25.2% |
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 17.3× | n/a | n/a |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| Ningbo Hengshuai 300969.SZ | China | $2.07B | -4% | +16% | 15% | 75.9× | 43.2% | +22.7% |
| Jiangnan Mould & Plastic Technology 000700.SZ | China | $2.05B | +24% | -3% | 5% | 23.6× | 11.9% | +3.1% |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |
| Feilong Auto Components 002536.SZ | China | $2.60B | -20% | +5% | 4% | 35.4× | n/a | n/a |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |