TOSHIBA INDUSTRIAL PRODUCTS ASIA CO., LTD

TOSHIBA INDUSTRIAL PRODUCTS ASIA CO., LTD (CÔNG TY TNHH SẢN PHẨM CÔNG NGHIỆP TOSHIBA ASIA), often referred to as TIPA, is a foreign direct investment (FDI) enterprise with a strategic manufacturing base in Amata Industrial Park, Bien Hoa City, Dong Nai Province, Vietnam. Established on December 22, 2008, the company operates as a subsidiary under the umbrella of Toshiba Corporation and its related industrial arms in Japan. With more than 1,000 employees, TIPA plays a critical role in producing electric motors, generators, transformers, and electricity control apparatus, supplying global markets with essential industrial components.

The company’s current General Director, Mr. Yamanaka Hajime, and Deputy General Director, Mr. Nguyen Phuoc Hieu, reflect the Japanese-Vietnamese collaboration that drives operations forward. The business is majority-owned by three Japanese entities: Toshiba Corporation (49.7%), Toshiba Industrial Products and Systems Corporation (40%), and Toshiba Infrastructure Systems & Solutions Corporation (10.3%), signaling tight integration with global industrial supply chains and a strong technological backbone.

In fiscal year ending March 2024, TIPA recorded sales of USD 123.9 million, a sharp 32.1% decline from the previous year. This followed a near doubling of revenue in 2023, indicating that the company is susceptible to cyclical fluctuations in demand or adjustments in global procurement strategies. While total assets decreased by 16.66%, reaching USD 77.7 million, equity remained largely stable at USD 41.59 million, underscoring conservative financial management amid softer revenues.

Net profit dropped by more than half to USD 5.98 million, down 52.07% from 2023, despite remaining firmly in positive territory. The company had rebounded impressively from a loss in 2022; however, the latest contraction suggests potential margin compression, production inefficiencies, or pricing pressures within its market segments. Working capital stood at USD 2.48 million, enough to sustain operations but modest relative to the company’s asset base, indicating a need for careful liquidity planning.

Operating in a high-spec manufacturing segment, TIPA is not only a supplier to global customers but also a subject of significant regulatory and compliance requirements in Vietnam. This makes Business Verification Services essential for any prospective investor, lender, or partner seeking to confirm the legal, financial, and operational transparency of the enterprise. With its foreign-owned status, accessing and evaluating Private Financial Data becomes vital in assessing creditworthiness and performance consistency.

Moreover, given the size of its workforce and strategic role in Vietnam’s industrial zones, regular updates through Vietnam Litigation Reports are crucial to ensure there are no ongoing disputes, labor challenges, or regulatory breaches that might affect business continuity. For entities interested in trade credit, long-term procurement, or equipment leasing, Risk Management Services can help quantify financial exposure and recommend safeguards.

Despite the current downturn in performance, TIPA remains a key player in Vietnam’s industrial transformation, supported by strong capital backing and alignment with the Toshiba global brand. The recent profit compression serves as a reminder of the challenges of global volatility, but also highlights the resilience of well-capitalized and professionally managed FDI enterprises operating in Vietnam’s high-value manufacturing corridor.