TOKYO – Japan’s leading automotive lighting manufacturer believes the market is bright despite forecasts that as much as 15% of vehicle production will be shifted offshore in the next three to four years. Koito Mfg. Co. Ltd. estimates it holds 51% and 45% shares of the Japanese headlamp and taillight markets, respectively. In fiscal 2003, Koito sold an estimated 21 million units in Japan, both front and rear. The company sells lighting to all domestic vehicle makers, with top-ranked Toyota ...

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