Toyota Boshoku Corporation (TSE:3116) agreed to acquire additional 32.8% stake in Toyota Body Seiko Co.,Ltd. from Toyota Auto Body Co., Ltd. for ¥2 billion on December 27, 2022. As a part of transaction, Toyota Boshoku will acquire 48,000 shares. After completion of transaction Toyota Boshoku will hold 66.4% stake in Toyota Body Seiko. For the period ended March 31, 2022, net worth of ¥7.4 billion, total assets of ¥29.5 billion, sales of ¥48.2 billion, operating loss of ¥1.8 billion and net loss of ¥1.4 billion. The transaction is expected to complete in October 2023.

Toyota Boshoku Corporation (TSE:3116) completed the acquisition of 32.8% stake in Toyota Body Seiko Co.,Ltd. from Toyota Auto Body Co. on October 1, 2023. Toyota Body Seiko Co changed its name to ToyotaBoshoku Seiko Corporation as of October 1, 2023.