Toyoda Gosei boosts TAPEX Mexicana stake to strengthen North American operations

Toyoda Gosei Co., Ltd. announced a decision made on October 31, 2025, to increase the capital of its North American subsidiary, TAPEX Mexicana, S.A. de C.V. This strategic investment of $20 million aims to bolster TAPEX's production capacity for safety system products in the region. As a result of this capital infusion, TAPEX Mexicana's capital will exceed 10% of Toyoda Gosei's capital, classifying it as a specified subsidiary.

TAPEX Mexicana, established in April 1997, is primarily involved in the manufacturing and sale of automotive safety systems. The company's financial performance showed net sales of 11,395 million yen and a profit of 360 million yen as of March 31, 2025. Toyoda Gosei North America Corporation, a wholly-owned subsidiary, holds a 99.99% stake in TAPEX Mexicana.

Toyoda Gosei anticipates that this capital increase, while significant for its subsidiary, will have a minor impact on the company’s overall business results. The date for the capital increase remains undecided.