TOYODA GOSEI HAIPHONG COMPANY LIMITED

TOYODA GOSEI HAIPHONG CO., LTD. (Vietnamese name: CÔNG TY TNHH TOYODA GOSEI HẢI PHÒNG) is one of the most established foreign-invested manufacturers in Vietnam’s automotive supply chain. Operating under Tax Code (TIN): 0200600678, the company was established in 2004 and has been active for over two decades. It operates from Lot M&K in the Japan-Hai Phong Industrial Park, and maintains a second branch in Tien Hai, Thai Binh Province.

Owned 95% by TOYODA GOSEI CO., LTD. and 5% by TOYOTA TSUSHO CORPORATION—both of Japan—the company forms a critical part of the Toyota ecosystem, producing airbags, steering wheels, and other motor vehicle components. Under the leadership of General Director Mr. Masami Suzuki, the firm now employs 6,000 workers, making it one of the larger employers in the northern industrial zone.

Financials: Fast Growth, Big Profit Turnaround

In the fiscal year ending March 2024, TOYODA GOSEI HAIPHONG delivered its strongest performance in recent years:

• Sales reached USD 295.79 million, a 22.71% increase over 2023.

• Net profit more than doubled to USD 15.13 million, up 124.02% year-over-year.

• Total assets rose to USD 162.55 million, up 7.35%.

• Equity increased to USD 108.7 million, reflecting a healthy, debt-conscious capital structure.

• Working capital stood at USD 33.74 million, signaling solid liquidity.

These metrics show the company is not only growing in revenue but has also significantly improved operational efficiency and profit margins. After relatively modest profits in prior years, the 2024 surge indicates stronger demand, pricing leverage, or cost optimization.

Risks and Strategic Considerations

Despite the favorable numbers, TOYODA GOSEI HAIPHONG is heavily reliant on a single sector—automotive parts manufacturing, with a likely dependence on the Toyota group and related OEMs. This supplier concentration risk can be problematic during demand cycles, as global EV trends or supply chain shifts may affect order volumes.

Additionally, its products, including airbags and steering components, are highly regulated and safety-critical. Any quality or compliance failure could carry reputational and legal risks globally. The company must continuously invest in R&D, safety certifications, and quality assurance to maintain customer trust and contract continuity.

There’s also a geopolitical dimension: As a Japanese-owned entity operating in Vietnam, it could be exposed to regional trade tensions, labor regulation changes, or political shifts that affect FDI-friendly policies.

TOYODA GOSEI HAIPHONG CO., LTD. stands out as a high-performing and reliable industrial supplier, backed by two of Japan’s most reputable automotive companies. While the outlook is positive, stakeholders should acknowledge the narrow sector focus and operational risks inherent to the manufacturing of safety-critical parts. Vigilant oversight and continuous investment in compliance, diversification, and process stability will be key to sustaining its momentum.

For detailed risk ratings, supplier evaluations, and peer comparisons, consult VANGUARD BUSINESS INFORMATION LLC (VBI)—Vietnam’s trusted source for business intelligence.