Tuesday, October 6, 2020

The Toyota Group

The Toyota Group is a group of companies that have supplier, vendor and investment relationships with Toyota Industries and Toyota Motor vehicle manufacturing facilities. It is similar to a keiretsu in that no particular entity has outright control over the entire group, although unlike most keiretsu it does not contain a major bank. It started with the loom manufacturing company Toyota Industries.


Toyota Tsusho Corporation (Toyota Tsūshō Kabushiki-gaisha, Nagoya and Tokyo) is a sōgō shōsha or trading company. Toyota Tsusho Corporation is a member of the Toyota Group. Toyota Tsusho Corporation has a worldwide presence through its many subsidiaries, including over 150 offices, and 900 subsidiaries and affiliates. Toyota Tsusho Corporation's main business is supporting Toyota Motor's automobile business and other Toyota Group companies. Toyota Tsusho Corporation's business is diverse, spanning industrial, commercial, and consumer sectors.

Major group companies are:

Toyota Industries (1926) – manufactures looms, spinners, forklifts, and other equipment.
JTEKT (1935) – manufactures bearings and other components.
Toyota Motor (1937) – manufactures automobiles.
Toyota Auto Body (1945) – manufactures vehicles, parts and auto bodies; 100% owned by Toyota Motor.
Toyota Systems (2019) – comprehensive IT solutions company; 100% owned by Toyota Motor.
Hino Motors – manufacturer of diesel trucks and buses acquired by Toyota Motor in 2001.
Aichi Steel (1940) – manufactures automotive steel; 30% owned by Toyota Industries and Toyota Motor.
Toyota Motor East Japan – formed in 2012 by the merger of Kanto Auto Works (1945), Toyota Motors Tohoku and Central Motors.
Toyota Tsusho (1946) – trading company (sogo shosha) supporting global operations of Toyota Group companies; 33% owned by Toyota Industries and Toyota Motor.
Aisin Seiki (1949), which manufactures automotive components; 30% owned by Toyota Industries and Toyota Motor.
Toyoda Gosei (1949), which manufactures automotive components; 43% owned by Toyota Motor.
Denso (1949), which manufactures air conditioners and other automotive components.
Toyota Boshoku (1918), which is a original Toyota company; manufactures filters, trim, liners and other automotive components.
Towa Real Estate (1953) is a commercial real estate developer in Nagoya area; and also holds stock in other Toyota Group companies to prevent takeover.
Toyota Central R&D Labs., Inc. (1960) performs research and development for other Toyota Group companies.
Daihatsu (1907), which manufactures compact automobiles; became wholly owned subsidiary in 2016.
Toyota Financial Services (2000) is a provider of automotive financing and credit cards.
Toyofuji Shipping is a international shipping company for Toyota vehicles.
Toyota Housing Corporation (2003) is a residential construction company.

Affiliates or partially owned subsidiaries are:

Denso, which is an Auto parts company has 189 subsidiaries. Toyota Motor owns 24.55%, Toyota Industries owns 8.74%; both are the two largest single shareholders in the company.
Kyoho kai group is an Auto parts company with 211 companies.
Kyouei kai group is a Logistic/facility company with 123 companies.
KDDI in which Toyota owns 11.09% of the company.
Nagoya Broadcasting Network. Toyota owns 34.6% and is the largest single shareholder in the company; 36.9% of the stock are directly and indirectly, through TV Asahi Holdings Corporation, and owned by the Asahi Shimbun Company, making it the largest corporate group shareholder.
Subaru Corporation, manufacturer of Subaru automobiles. Toyota owns 20% and is the largest single shareholder in the company.
Mazda Motor Corporation. Toyota owns 5.05%.
Suzuki Motor Corporation. Toyota owns 4.9%.
Misawa Homes Holdings, Inc. Toyota owns 13.4%.
Primearth EV Energy Co (PEVE) is a joint venture between Toyota and Panasonic.
Toyota Canada Inc. (TCI) is a joint venture between Toyota (51%) and Mitsui & Co. Ltd. (49%).
Yamaha Motor Company. Toyota owns 2.8%.
Panasonic. Toyota owns 2.8%.
Nippon Telegraph and Telephone in which Toyota owns 2.09%.
MS&AD Insurance Group. Toyota owns 8.88%.
Fuji Pharma Co., Ltd.

Former group companies are:

New United Motor Manufacturing, Inc. (NUMMI) – a joint venture between Toyota and General Motors (1984 to 2010).
United Australian Automobile Industries (UAAI) – a joint venture between Toyota Australia and GM-Holden (1989 to 1996).
Isuzu Motors Ltd. (Toyota owned 5.9% of the company at one time.) (2006 to 2018).

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