# Toyota Boshoku to acquire majority stake in Toyota Body Seiko

Toyota Boshoku Corporation has agreed with Toyota Auto Body to acquire shares of Toyota Body Seiko, raising its stake from 33.6% to 66.4% in October 2023, with plans to acquire the remaining shares by end of 2026 to make it a wholly owned subsidiary, renamed Toyota Boshoku Seiko Corporation.

- Type: Acquisition
- Announced: 2022-12-27
- Where: Takahama-shi, Aichi, Japan
- Status: announced
- Products: rear seat frames, long slide rails
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Boshoku](https://endata.com/companies/23148.md) (acquirer)
- [Toyota Auto Body](https://endata.com/companies/26432.md) (partner)
- [Toyota Body Seiko Co., LTD.](https://endata.com/companies/67541.md) (target)

## Sources

- [toyota-boshoku.com](https://www.toyota-boshoku.com/global/news/notice-regarding-acquisition-of-shares-of-toyota-body-seiko-co-ltd-becoming-a-subsidiary.php), 2022-12-27: "Toyota Boshoku Corporation, Toyota Auto Body Co., LTD. and Toyota Body Seiko Co., LTD. have concluded an agreement to transfer shares of Toyota Body Seiko, which is a subsidiary of Toyota Auto Body, to Toyota Boshoku to make Toyota Body Seiko a subsidiary of Toyota Boshoku."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.