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Message from Managing Director
On behalf of the Board of Directors, it is my pleasure to present an outline of Toyota Tsusho (Malaysia) Sdn Bhd (“Company” or “TTMSB”) overall performance and major corporate activities undertaken by the Company for the financial year ended 31st March 2016.

Financial Review

Last year was indeed a challenging year with continuing uncertainties in the global economy, and at home, the Malaysian economy was plagued by the weakening of the Malaysian currency against major currencies coupled with poor consumer demand. Despite such uncertainties, the Malaysia economy continued to record a GDP growth of 5.0% in 2015 which was 1.0% lower compared to 6.0% in 2014.

The Company, on the contrary, recorded higher sales turnover of RM1.905 billion for the financial year ended 31st March 2016 which was 2.6% marginally higher compared to RM1.854 billion of the previous year in spite of the global economy uncertainties and fallen GDP growth in Malaysia.


Major corporate activities undertaken by the Company in 2015/2016
 
1.

On 2nd October 2014 the Company incorporated a new company called Asahi Aero Malaysia Sdn Bhd (“AAM”) to undertake the business of manufacturing aero-space parts and related business. On 30th January 2015 our parent’s company Toyota Tsusho Corporation, Japan (“TTC”) and Asahi Kinzoku, Japan entered into a JVA with TTC owning 49% shares of AAM.
 

2.

On 31st December 2014 the Company entered into a Tenancy Agreement with TASCO Bhd for the purpose of renting a warehouse located at Bangi measuring approximately 11,700 sqm to store automotive parts belonging to Denso (Malaysia) Sdn Bhd.
 

3.

On 31st May 2015 the Company entered into a Joint Venture Agreement ("JVA") with several JV partners to take up a 10% stake in Synergy Pipes & Parts (M) Sdn Bhd (“Synergy”). Synergy is engaged in the business of manufacturing metal pipes and parts and related products which mainly cater for the automotive industries.
 

4.

On 1st October 2016, the Company establish a new department called Business Administration which is part of the Corporate Division.
 


Global Vision – Ideal Image
For the next 10 years, the TTC Group will evoke its ideal as

Ideal Image


The Right ONE for you
The best assurance of safety, quality, and reliability – based on your needs (Genba)

The Right ONE for us
Maximization of individual capabilities, global networks and diversity to create synergistic strengths

The Right ONE for future
Unique insights and capabilities to explore new possibilities for future and sustainable society



Global Vision Toyotsu Core Value to realize growth
Expanding business size through the Toyotsu Core Values


TTMSB new business activities shall be based on the above new Global Vision 2020.



Corporate Social Responsibility (“CSR”) Review

The Company is committed to Corporate Social Responsibility by integrating it as part of its overall business operations.
 
During the year, the Company embarked on the following CSR activities:-
 
1.

Environment - The Company had adopted a pair of Small-clawed Otter. This pair of Rhinoceros Hornbill will be taken care of by Zoo Negara staff on behalf of TTMSB to ensure the ongoing support and the development required to maintain their growth, the expansion of their enclosure and helps ensure their survival for future generation.
 

2.

Education - The Company organized an education tour for orphans from Good Samaritan Home (Klang) and Yayasan Sunbeams (Cheras) to visit National Zoo, KL City Gallery and Music Box Making Farm to enhance the children awareness of Panda Wildlife and artwork skill.


 

3.

Welfare - The Company contributed desktop computer, air-conditioner, curtain, photocopy machine to the Malaysia Parkinson’s Disease Association (“MPDA”) located at Happy Garden, Old Klang Road.


 


Safety Review

The Company is fully committed to its Safety Policy and endeavour to achieve “ZERO” accident in all the activities undertaken by its employees at all times.

We are very pleased to announce that for the year under review the Company was able to meet its commitment of “ZERO” accident and will endeavour to continue this policy in the foreseeable future.


Environmental Review 

The Company is committed to preserving the environment and will endeavour to maintain its ISO 14001 for the foreseeable future and undertake to observe all the environmental guidelines contained in its Environmental Management System.

Latest ISO 14001 audit conducted by Lloyd’s indicated no major or minor non conformities.

With the publication of new ISO 14001:2015 in September 2015 the Company is committed to migrate to the new ISO version by 2017 and will embark on relevant ISO 14001:2015 transition activities in 2016 gearing towards the transition.


Appreciation

On behalf of the Board of Directors, I would like to thank the management and all associates of the Company for their dedicated services, commitment, loyalty and contribution to the Company.

I would also like to take this opportunity to thank the shareholders, customers and business associates for their continuing support, trust and confidence in the Company and believe that we, TOYOTA TSUSHO (M) SDN BHD play a role in contributing towards the development of the Malaysian’s economy.

Thank you.

Hitoshi Kitagawa
Managing Director

1st January 2017

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ttmsb@toyotsu.com.my
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