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Koito releases Annual 2016 Report

During fiscal 2016, the period under review ended March 31, 2016, production volume in the Japanese auto industry decreased year on year due to stalled demand caused by an increase in the excise on mini vehicles, among other factors. Overseas, production volume increased in North America, Western Europe and China, but it declined in other … Continued

During fiscal 2016, the period under review ended March 31, 2016, production volume in the Japanese auto industry decreased year on year due to stalled demand caused by an increase in the excise on mini vehicles, among other factors.

Overseas, production volume increased in North America, Western Europe and China, but it declined in other places such as the ASEAN countries, Russia and South America. As a result, global automobile production volume as a whole was almost as the same as the previous fiscal year.

The consolidated performance of the Koito Group for fiscal 2016 improved year on year due to favorable operation in the mainstay automotive lighting equipment segment. As a result, net sales, operating income, recurring profit and profit attributable to owners of parent marked the fourth consecutive fiscal year of record business performance.

Read full annual report here: 

https://www.automotiveworld.com/news-releases/koito-releases-annual-2016-report/

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