Koito Manufacturing to dissolve and liquidate Fuzhou Koito in China Koito Manufacturing Co. Ltd. (Koito Manufacturing) announced that it will liquidate its Chinese consolidated subsidiary, Fuzhou Koito Automotive Lamp Co., Ltd. (Fuzhou Koito). Established in December 1995 as a wholly owned subsidiary of Koito Manufacturing, Fuzhou Koito has been responsible for the manufacture and sale of automotive lamps. The dissolution resolution is scheduled ...

News  Updated at: 2025/04/08

Koito Manufacturing under-reports income by approximately JPY 9.5 billion for two years It was revealed on December 6 that the Tokyo Regional Taxation Bureau uncovered Koito Manufacturing Co., Ltd. (Koito Manufacturing)'s failure to declare approximately JPY 9.5 billion of income mainly related to research and development expenses for two years through March 2023. Koito Manufacturing reportedly recorded the expenses in a fiscal year in which it s...

News  Updated at: 2024/12/09

Koito Manufacturing to strengthen production capacity in Mexico and Brazil Koito Manufacturing Co., Ltd. (Koito Manufacturing) announced that it will expand its production capacity in Mexico and Brazil. It will establish a new plant in Mexico and expand its existing plant in Brazil. Additionally, the company will also improve productivity by promoting automation and mutual complementarity between the U.S. and Mexico. The company's Americas busine...

News  Updated at: 2024/10/01

rs who will continue operations in the U.S. will accelerate automation to avoid the impact of rising labor costs even a little. Nihon Plast Co., Ltd. has introduced a robot for putting urethane seat labels along cover shapes on the production line of its U.S. plant, which produces cowl tops covers. Koito Manufacturing Co., Ltd. is also promoting automation in the U.S. The shift to EVs is expected to be continued over the medium-to-long term, and ...

News  Updated at: 2024/08/07

Koito Manufacturing concludes merger agreement with Cepton for making it subsidiary Koito Manufacturing Co., Ltd. (Koito Manufacturing) announced that it has concluded a merger agreement with Cepton Inc. (Cepton), a US company which conducts manufacturing and sales of LiDAR. The two companies have been negotiating the acquisition of Cepton’s shares by Koito Manufacturing, and have reached an agreement on the share purchase price, contract terms...

News  Updated at: 2024/07/31

Koito Manufacturing wins first order for automotive short-range LiDAR Koito Manufacturing Co., Ltd. (Koito Manufacturing) announced on April 10 that it has won the first order from an automaker for its automotive short-range LiDAR (laser scanner). The company has developed the LiDAR to monitor the surrounding areas of Level 4 autonomous vehicles (fully autonomous driving under certain conditions). Koito Manufacturing is likely to produce the LiDA...

News  Updated at: 2024/04/11

Koito Manufacturing announces mid-term business plan aiming to achieve operating profit of JPY 80 billion On March 28, Koito Manufacturing Co., Ltd. (Koito Manufacturing) announced its first mid-term business plan for the period ending in March 2027 (FY 2026). The company aims to boost profitability mainly in the Americas and China, and to achieve global sales of JPY 1 trillion or more, and global operating profit of JPY 80 billion or more. It pl...

News  Updated at: 2024/04/01

Koito Manufacturing’s Indian subsidiary starts operations at new Gujarat Plant Koito Manufacturing Co., Ltd. (Koito Manufacturing) announced that a new Gujarat Plant of its subsidiary, India Japan Lighting Private Limited, started operations on March 18. The new plant was constructed in Sanand industrial Park, Gujarat, in the west of India. The Gujarat Plant will supply lamps mainly to Marti Suzuki India Ltd., and Tata Motors Ltd. By the end of...

News  Updated at: 2024/04/01

Koito Manufacturing to reorganize and expand plants globally Koito Manufacturing Co., Ltd. (Koito) will proceed with the expansion and reorganization of its plants globally. In India, Koito’s new plant is slated to be fully operational in the spring of 2024. In China, the company will consider bolstering its development system. In the Americas, in response to increasing orders and escalating labor costs in the U.S., the company will optimize it...

News  Updated at: 2024/01/26

Koito aiming to generate JPY 100 billion in revenue, grow new business centering on LiDAR and synergy with existing business Koito Manufacturing Co., Ltd. aims to generate sales of JPY 100 billion from its new business in the mobility sector in FY2030. It accounts for 8% of the company’s total revenue in FY2030. The company plans to gain about half of the revenue from the sales of LiDAR (LiDAR and laser scanners), its core products, and the res...

News  Updated at: 2024/01/16

Koito Manufacturing begins negotiations for making US-based Cepton its subsidiary ・Kotio Manufacturing Co., Ltd. (Koito Manufacturing) announced that it will begin negotiations with Cepton, Inc. (Cepton) for making the startup its subsidiary. Both companies have been jointly developing automotive-grade LiDAR since 2018, and completed mid-range LiDAR’s development and preparations for production. They are currently developing long- and short-r...

News  Updated at: 2023/12/28

Koito Manufacturing and Denso to collaborate for improving autonomous vehicle nighttime object recognition Koito Manufacturing Co., Ltd. (Koito Manufacturing) and Denso Corporation (Denso) announced on October 19 that they have entered into a collaboration to improve the safety of autonomous vehicles during night driving. Koito Manufacturing and Denso will discuss the development of a system that improves object recognition efficiency of image se...

News  Updated at: 2023/10/20

Koito Manufacturing to establish new plant in Miyagi, Japan Koito Manufacturing Co., Ltd. (Koito Manufacturing) announced that it will establish a new plant in Natori, Miyagi prefecture, Japan. The company has been producing automotive lighting products in three plants in Shizuoka prefecture (Shizuoka, Haibara, Sagara) and Koito Kyushu (Saga prefecture). By establishing the new plant, the company intends to further improve its QCD to strengthen t...

News  Updated at: 2023/09/07

Koito to acquire additional shares of lidar supplier Cepton On January 12, Koito Manufacturing Co., Ltd. (Koito) announced that the proposal for Koito’s additional acquisition of shares of Cepton, Inc. (Cepton), a supplier of automotive lidar perception solutions, has been approved at Cepton’s special meeting of shareholders. Koito will purchase convertible non-voting preferred securities (CPS) convertible into Cepton’s common stock for an ...

News  Updated at: 2023/01/13

Koito Manufacturing to reduce CO2 emissions at plants in earnest Koito Manufacturing Co., Ltd. (Koito) has begun to make investments in carbon neutrality (reduction of greenhouse gas emissions to virtually zero) in earnest in this fiscal year. By making an investment of JPY 3 to 5 billion annually, Koito will make efforts to reduce CO2 emissions at its plants and other bases and share acquired know-how for CO2 reduction with its Group companies. ...

News  Updated at: 2023/01/13

CES 2023: Cepton and Koito Manufacturing to unveil new lidar, integration solutions Cepton, Inc. (Cepton), a Silicon Valley innovator of lidar solutions, announced details around its plans for CES 2023 in Las Vegas, Nevada, from January 5-8, 2023. Cepton’s booth will feature a Chevrolet Silverado and a Ford F-150 equipped with the company’s latest vehicle integration solutions. Both of Cepton’s near-range and long-range automotive lidars w...

News  Updated at: 2022/12/31

Koito Manufacturing decides to acquire additional shares of Cepton Koito Manufacturing Co., Ltd. (Koito Manufacturing) announced that it has made a decision to acquire additional shares of Cepton Inc. (Cepton), a U.S. company that manufactures and sells advanced driver assistance systems (ADAS) and LiDAR. Both parties have agreed that Koito Manufacturing will subscribe to non-voting convertible preferred stock (CPS) convertible into Cepton common...

News  Updated at: 2022/11/02

Automotive lamp makers to strengthen development of next-generation products Japanese automotive lamp makers are strengthening the development of next-generation automotive lamps. Koito Manufacturing Co., Ltd. has increased its investment in Cepton Technologies, Inc., a U.S. LiDAR (laser scanner) maker. Stanley Electric Co., Ltd. has agreed on the joint development of next-generation lamp systems with Honda Motor Co., Ltd. Ichikoh Industries, Ltd...

News  Updated at: 2022/09/29

Cepton to receive investment of up to USD 100 million from Koito Manufacturing Cepton Inc. (Cepton), a developer of LiDAR solutions, announced that it has received a non-binding Letter of Intent for an investment of up to USD 100 million from Koito Manufacturing Co., Ltd. (Koito Manufacturing). Cepton will use the investment to help scale its lidar solutions for mass deployment. Cepton and Koito Manufacturing have collaborated together for variou...

News  Updated at: 2022/09/01

yota Motor Corporation (Toyota) and other OEMs as a result of lockdowns in Shanghai, China and semiconductor shortages caused by the coronavirus (COVID-19) pandemic. Price hikes in raw materials have also been imposing a heavy burden on their earnings. Denso Corporation, Toyota Boshoku Corporation, Koito Manufacturing Co., Ltd., and other parts suppliers have revised their financial forecasts for the current fiscal year downward. Toyota, the part...

News  Updated at: 2022/08/01