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REAL-TIME GLOBAL RESEARCH

Takeaways from Technical Presentation and Hands-on Session: Focus on Proposal-Oriented Development Process, Internalization of Technology

Published: 2026-07-15Institution: Morgan StanleyCompany / ticker: 3116.TPages: 7Original language: EnglishEvidence page: 1

Research evidence excerpt

Takeaways from Technical Presentation and Hands-on Session: Focus on Proposal-Oriented Development Process, Internalization of Technology

Update

July 15, 2026 02:32 AM GMT

Morgan Stanley MUFG Securities Co., Ltd.+MToyota Boshoku (3116) | Japan Shinji Kakiuchi

Equity Analyst

Takeaways from Technical Shinji.Kakiuchi@morganstanleymufg.comHayato Takashima +81 3 6836-5416

Hayato.Takashima@morganstanleymufg.com +81 3 6836-5414

Presentation and Hands-on

Session: Focus on Proposal-

Oriented Development Process,

Toyota Boshoku (3116.T, 3116 JT)

Auto Parts | Japan

Internalization of Technology Stock Rating Equal-weight

Industry View In-Line

Price target ¥2,500

On Jul 14, Toyota Boshoku held a technical presentation and hands-on session at its Shr price, close (Jul 14, 2026) ¥2,174

Sanage Development Center in Aichi Prefecture. We were positive on the day as it Mkt cap, curr, basic (bn) ¥388.4

Avg daily trading value (bn) ¥1.6

provided a deeper understanding of the firm’s growth strategy for becoming an

“Interior Space Creator” (as presented at the May 22 briefing). On top of enhancing

Toyota Boshoku: Takeaways from Technical

seat performance, safety, and monomaterialization (carbon neutrality, circular

Presentation and Hands-on Session: Glimpse of

economy), Toyota Boshoku also used the session to go over its efforts into in-cabin

an Interior Space Creator (16 Jul 2025)

ambience and comfort, including areas such as illumination, acoustics, temperature,

and smell. It also plans to enhance development in devices and control via a joint

venture with Huaqin Technology. The firm also did a demonstration using actual

vehicles, where we got to experience the new ES (illuminated door trim with

uniform surface lighting, multifunctional block seats) and new RAV4 (incl. the power

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