Value Creation Story

Business Overview

ESG Activities

Corporate Information

Other Businesses

Business Overview

15.0

The KOITO Group consists of a total of 31 companies, including 16 domestic companies and 15 overseas

companies in 12 countries. We provide products and services to customers all over the world, through ourglobal network led by ﬁve major regions of the world (Japan, Americas, China, Europe and Asia).

By accurately capture the customer needs in different countries, with its global perspective, allbillion yen

Non-automotive Electrical
Equipment Business

36.6

Consolidated sales
by business segmentsbillion yen

760.7

companies in the KOITO Group are expanding its development and production system. Based on thestance of “customer-ﬁrst,” KOITO continues to pursue better operations to keep Quality, Cost, Delivery

Automotive Lighting
Equipment Businessbillion yenand Development (QCDD) to the highest level.

Through our mutually complementary supply network among afﬁliated companies that leverage our709.0(FY 2022)

global network, we are stably providing products and services to customers worldwide even amid thebillion yen

COVID-19 pandemic.

●Head Ofﬁce●Overseas Subsidiaries and Afﬁliates●Overseas Technical Associates●Overseas Representative Ofﬁces

CHINA

NORTH
AMERICA

14.5%

24.4%

EUROPE
Share of sales

4.4%

KCZ

Share of sales

Share of sales

P.33

P.32

KELJAPANP.30

41.1%

NAL Flora Plant

NAL Paris Plant

P.28

NAL Salem Plant

Detroit Ofﬁce

Share of sales

FUZHOU KOITO TAYIH
GUANGZHOU KOITO
BWVTHAI KOITO
Bangplee Plant
Belgium Ofﬁce

Hubei Koito

Seattle Ofﬁce
KOITO
MANUFACTURING

France Ofﬁce

KPS

R&D Lab in
Silicon Valley

NAL Indiana Tooling Plant
NAL Alabama Plant

Ta Yih Industrial
IJL Bawal Plant

THAI KOITO Prachinburi Plant

IJL Chennai Plant

INDONESIA KOITO

KOITO MALAYSIA

NAL Mexico

SOUTH
AMERICA
ASIA

Share of sales

14.5%

Share of sales

1.2%
P.31

NAL Brasil

P.34

26

KOITO INTEGRATED REPORT 2022

KOITO INTEGRATED REPORT 2022 27

Value Creation Story

Business Overview

売上高Netsales

JAPANSales in Japan decreased 8.4% year on year to ¥312.3 billion due to a decrease in the400

364.6

Corporate Information

売上高構成比率
Share of net sales［Japan］
2021年度FY 2022(¥ billions)

In FY 2022, domestic automobile production declined for the third consecutive year due to the impact
of COVID-19 and semiconductor shortage.

ESG Activities

384.6

383.6
341.0
312.3

300
200

41.1%

automobile production volume.
10002018

2019

2020

2021

KOITO MANUFACTURING

KOITO KYUSHU LIMITEDKOITO manufactures and supplies automotive lighting equipment at four plants in Shizuoka Prefecture,

KOITO K Y USHU wa s e s t a bl is h e d in 2 0 0 5 t ocentered on the Shizuoka Plant. We have introduced a production system that can efficiently operatestrengthen KOITO’s supply system to automobile

every phase from production to distribution, and have established a production system that incorporates

manufacturers in the Kyushu and Chugoku regions.

our unique know-how in high-variety and low-volume manufacturing.

The plant has commenced operations in 2006,

The Shizuoka Plant has an integrated production system from development of light sources to assemblyand has expanded in 2008 to produce and supply

and quality assurance. Centering Shizuoka Plant as our mother plant, we are deploying our own production

automotive lighting equipment.

systems at all domestic and overseas bases. We are striving to maintain and improve outstanding productivity

Throughout mutually complementar y supply

and high-quality. In R&D, the Technical Center within the Shizuoka Plant plays a central role in the KOITO

network and structure through collaboration withGroup’s R&D structure. In addition to development, design and testing, we are developing new light sources

KOITO, KOITO KYUSHU is streng thening QCD

and advanced technology for advanced driving systems and autonomous driving in the Technical Center. Toby improving production efficiency and reducing

further enhance quality, cost, delivery, and development and improve our response to the sophistication andlogistics costs, as well as being responsible for risk

complexity of product functions, we have opened the Koito Development Center in Aichi Prefecture in 2020.

diversification in the event of disasters.

Collaborating with the Technical Center, we are strengthening product development functions.

2022(FY)■ KOITO KYUSHU Head Office and Plant

Other Domestic Affiliated Companies
O ther domes tic af filiates are engaged intranspor tation and other businesses in addition
to automotive lighting-related businesses, suchas manufac turing rear combination lamps andsubsidiary lamps, various light bulbs, and electronic■ Shizuoka Plant■ Haibara Plant

components, as well as molds.
In addition to automotive lighting business,
KO I TO E L EC T R IC IN D US T R IE S a n d o t h e rcompanies are engaged in the railway vehicle
equipment business, including seats and control■ Head Officeequipment for railway cars, as well as transportation
systems business, including traffic lights and traffic
control systems. KOITO ELECTRIC INDUSTRIES■ Sagara Plant■ Fujikawa Tooling Plant■ KOITO ELECTRIC INDUSTRIES Head Office and Fuji Nagaizumi Plant

is a leading company in the domestic traffic lightbusiness, with a top domestic market share ofapproximately 30%.

■ Technical Center
28

KOITO INTEGRATED REPORT 2022

■ KOITO Development Center
KOITO INTEGRATED REPORT 2022 29

Value Creation Story

Business Overview

売上高Netsales

NORTH AMERICA

売上高構成比率
Share of net sales

250
200

While the automobile production volume remained unchanged from the previous fiscal year, sales in100

186.8

200.3

185.5

181.9
143.4

150

North America increased 29.4% year on year to ¥185.5 billion due to an increase in new orders and aCorporate Information［NorthAmerica］
2021年度FY 2022(¥ billions)

In FY 2022, automobile production in North America remained sluggish at the 13 million unit level,
continuing from the previous fiscal year.
In North America, KOITO operates automotive lighting equipment business in the U.S.A. and Mexico.

ESG Activities

24.4%

50

shift in automobile lamps to LED.

02018

2019

2020

2021

2022

United States

MexicoNAL conducts production operations at four plants: Paris, Flora and Salem in Illinois, and a plant in Alabama. As the largest

Nor th American Lighting Mexico, S. A . de C.V.

independent lighting equipment manufacturer in North America, NAL supplies automotive lighting equipment to U.S.-based(NAL Mexico), which commenced its operations

automotive manufacturers and to local plants of Japanese automotive manufacturers. NAL also produces dies for plastic moldings

in September 2014, responds to the expanding

at a tooling plant in Indiana. In research and development, NAL develops products at the Technical Center in Michigan. At the R&D

automotive production in Mexico.

(FY)

lab in Silicon Valley, they are researching and gathering information on advanced driving support systems (ADAS) and autonomous
driving technologies.
In the non-automotive electrical equipment business, KPS N.A., INC. manufactures and sells electrical components for railroad cars.

■ NAL Mexico

SOUTH AMERICAIn FY 2022, automobile production in South America increased year on year to the 2.6 million unit level.
Sales in South America increased 97.9%
year on year to ¥9.0 billion due to an■ NAL Head Office (Paris)increase in automobile production, new■ NAL Paris Plant

orders, and a shift in automobile lampsto LED.

Net sales

Share of net sales［South America］
FY 2022(¥ billions)

109.0

86

4.7

4.5

2020

2021

1.2%

420
■ NAL Flora Plant■ NAL Salem Plant■ NAL Alabama Plant

Brazil2.520192022(FY)In order to respond to the growing automotive
market in South America, in Januar y 2017, theKOITO Group established NAL do Brasil (NALBrasil), a manufacturing subsidiary in São Paulo
State, Brazil. The subsidiary commenced operationsin May 2018.

■ NAL Indiana Tooling Plant■ NAL Technical Center■ NAL R&D Lab in Silicon Valley■ NAL Brasil30KOITO INTEGRATED REPORT 2022

KOITO INTEGRATED REPORT 2022 31

Value Creation Story

Business Overview

ESG Activities

Corporate Information

CHINA

EUROPE

Automobile production in China decreased from previous fiscal year to the 26 million unit level in FY2022.

Automobile production in Europe decreased from the previous fiscal year to 11 million units in FY 2022.
In Europe, KOITO operates businesses in the U.K. and Czech Republic.

Although automobile production declined, sales in China increased 6.3% year on year to ¥109.9 billion.

Although automobile production declined, sales in Europe increased 20.7% year on year to ¥33.3
billion due to the impact of foreign currency exchange and other factors.

Netsales
売上高(¥ billions)

180
150

Netsales
売上高

売上高構成比率
Shareof net sales［China］
2021年度FY 2022(¥ billions)

50

157.7

93.7

90

93.6

103.4

109.9

38.5

35.0

30

14.5%

33.3
27.6

4.4%

2060

1030
043.0

40

120

売上高構成比率
Shareof net sales［Europe］
2021年度FY 2022

2018

2019

2020

2021

2022

0(FY)

2018

2019

2020

2021

2022

(FY)

United Kingdom
KOITO has been developing its automotive lighting equipment business in China through 3 companies:

In the U.K., KOITO has been producing automobile

GUANGZHOU KOITO AUTOMOTIVE LAMP CO., LTD. (GUANGHZOU KOITO), Hubei Koito Automotive Lamp

lighting equipment at Koito Europe Limited (KEL)

Co., Ltd. (Hubei Koito), and FUZHOU KOITO TAYIH AUTOMOTIVE LAMP CO., LTD. (FUZHOU KOITO TAYIH).

since 1996, as KOITO’s first production base in

In research and development, we will strengthen our response to local needs by opening a technical center

Europe.

in GUANGZHOU KOITO in September 2022.

■ KELCzech 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.

32

R&D activities are conducted at its Technical Section, and a wide range of businesses are being carried out,

■ GUANGZHOU KOITO■ GUANGZHOU KOITO Technical Center(scheduled to commence operations in September 2022)

from gathering technological information to developing and designing for local and Japanese automakers.

■ Hubei Koito■ FUZHOU KOITO TAYIH■ KCZ

KOITO INTEGRATED REPORT 2022

■ KCZ Technical Section

KOITO INTEGRATED REPORT 2022 33

Value Creation Story

Business Overview

売上高Netsales

ASIA120100

96.5

Corporate Information

売上高構成比率
Share of net sales［Asia］
2021年度FY 2022(¥ billions)

In FY 2022, as automobile production volume increased in Thailand, Indonesia, India, and othercountries, automobile production in Asia as a whole increased year on year.
In Asia, KOITO’s business is conducted in Thailand, Indonesia, Taiwan, India and Malaysia.

ESG Activities

106.3

110.4

101.7
86.2

8060

Sales in Asia increased 28.0% year on year to ¥110.4 billion due to an increase in automobile

14.5%

40production, new orders, and a shift in automobile lamps to LED.

2002018

20192020

20212022(FY)

ThailandIndia

In Thailand, which is the center of the Asian automotive industry, KOITO supplies automotive lighting

In India, where the automotive industry is expected to grow in the long term, KOITO is conducting businessequipment to all local Japanese automotive manufacturers. The products are manufactured in 2 plants

in INDIA JAPAN LIGHTING PRIVATE LIMITED (IJL). IJL manufactures automotive lighting equipment at 2in THAI KOITO COMPANY LIMITED (THAI KOITO): Bangplee Plant and Prachinburi Plant. Furthermore,

plants: Chennai Plant and Bawal Plant.

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

Indonesia

Taiwan

Malaysia

I n I n d o n e s i a , KO I T O p r o d u c e s l a m p s f o r

In Taiwan, operations are conducted by Ta Yih

In Malaysia, which is the third largest automotive

automobiles and motorcycles at PT. INDONESIAIndustrial Co., Ltd. (Ta Yih Industrial), in which

produc tion countr y in the ASEAN regions, theKOITO. In March 2019, KOITO expanded plants in

KOITO took an equity interest in 1988.

KOITO Group established KOITO MALAYSIA SDN.

Indonesia to respond to increasing orders.

■ IJL Bawal Plant

BHD. (KOITO MALAYSIA) in October 2017. The
subsidiary commenced operations in November
2019.

■ KOITO MALAYSIA■ INDONESIA KOITO

34

KOITO INTEGRATED REPORT 2022

■ Ta Yih Industrial

KOITO INTEGRATED REPORT 2022 35