TOYOTA BOSHOKU CORPORATION [3116.T]
TOKYO, Apr 07 (Pulse News Wire) – Toyota Boshoku Corporation (3116.T) announced today that it expects to record quality-related expenses of approximately March 06, 2026 due to seat recall issues affecting vehicles manufactured by its subsidiaries in the United States and China during the fourth quarter of the fiscal year ending March 2026. The company disclosed that a defect was identified in the reclining mechanism of rear seats (second-row) in vehicles equipped with seats manufactured by its U.S.
Subsidiary. As a result, a recall notification was filed with the National Highway Traffic Safety Administration in the U.S.
In early March 2026. Subsequently, similar defects were found in vehicles produced by its Chinese subsidiary, leading to another recall filing with the China National Market Supervisionon March 27, 2026.
These quality-related costs are expected to impact the company's operating expenses for the fiscal year ending March 2026.
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