KIYOSU, Japan—Toyoda Gosei Co. Ltd. is targeting "strategic growth areas" with a three-pillared business plan involving innovation in products and manufacturing.
The first pillar of the strategy, according the Japanese group's medium- to long-term plan, is "venturing into innovation and actions for new mobility."
Here, the group will focus on the early formation of businesses in fields that are new to the group using "revolutionary technologies," said the automotive supplier in its full year financial results published last month.
For instance, the group said it was working on "safe and secure mobility" as it expected vehicle collision safety assessments to become stricter in North America and other countries.
The manufacturer said it developed "new-construction driver-side airbags," which protect the head and trunk of drivers in the event of diagonal collisions. The product, it said, is incorporated into Honda Motor Co.'s new Civic models.
The group's pedestrian protection airbag, which protects pedestrians in the event of traffic accidents, is also incorporated into Subaru's latest Legacy Outback models.