Toyota Tsusho

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Toyota Tsusho Corporation
豊田通商株式会社
Public (TYO: 8015)
Industry Trading Companies
Founded July 1, 1948
Headquarters Nagoya and Tokyo, Japan
Key people
 Jun Karube, President
Revenue US$78.9 billion (2015)
US$1.55 billion (2015)
US$616 million (2015)
Number of employees
 53,241 (2015)
Parent Toyota Group
Website www.toyota-tsusho.com

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Tokyo Head Office

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Nagoya Head Office

Toyota Tsusho Corporation (豊田通商 Toyota Tsūshō), TYO: 8015, based in Nagoya and Tokyo, is a sōgō shōsha (trading company), a member of the Toyota Group. Toyota Tsusho has a worldwide presence through its many subsidiaries and operating divisions, including over 150 offices, and 900 subsidiaries and affiliates around the world. Its main business is supporting Toyota Motor's automobile business and other Toyota Group companies, but Toyota Tsusho's business is very diverse, spanning industrial, commercial, and consumer sectors. Business areas run the gamut, including industrial raw materials, agricultural products, and high technology.

History

Toyota established Toyoda Kinyu Kaisha (トヨタ金融株式會社?) in 1936 to provide sales financing for Toyota cars. The dissolution of the Toyota zaibatsu in 1948 led to the trading division of Toyota Finance being spun off to a new company called Nisshin Tsusho Kaisha, Ltd. (日新通商株式会社?) This company was renamed "Toyoda Tsusho" in 1956.[1]

Toyota Tsusho began exports of Toyota cars in 1964, starting with exports to the Dominican Republic. By the 1980s it had expanded its business to include overseas production for the Toyota Group, and had established a second head office in Tokyo.[1] Toyota Tsusho merged with Kasho Company, Ltd. in 2000. Kasho was a trading company focused on the Southeast Asia markets and dealt in rubber, paper, food, chemicals and general merchandise.[2] Toyota Tsusho then acquired Tomen Corporation, another Japanese trading company, on April 1, 2006. This acquisition expanded Toyota Tsusho's food, textiles, chemicals and energy business and caused it to leapfrog Sojitz to become the sixth-largest general trading company in Japan.[3] Tomen had been founded in 1920 as Toyo Menka Kaisha (東洋棉花株式會社?) from the cotton trading business of Mitsui & Co. and was active in grain processing, power generation, agrochemicals and other business areas worldwide.[4] These acquisitions together expanded Toyota Tsusho's business beyond its historical automotive focus.[1]

Business Sections

Toyota Tsusho's businesses are divided into 7 business sections:[5]

  • Metals: Processing, logistics and storage of various metals including steel, aluminum and rare earths. The metals business is a major supplier of materials for Toyota and also engages in the recycling of scrapped vehicles.[6] It is the largest of the seven segments in terms of sales, assets and income.[7]
  • Global Parts & Logistics: A 23-country network for the development, production, procurement and sale of automotive and aircraft parts.[8]
  • Automotive: Export, production and distribution of Toyota and third-party automobiles, with investments in 85 countries.[9]
  • Machinery, Energy & Project: Design and implementation of automobile production plants, energy plants and other infrastructure. Recent projects include a thermal power plant in St. Charles, Maryland, a thermal power plant overhaul in Salem Harbor, Massachusetts, and construction and commissioning of the two largest geothermal power plants in Africa.[10] In 2015, Toyota Tsusho announced a $1.5 billion investment in gas exploration and renewable energy in Egypt.[11]
  • Chemicals & Electronics: Trading in petrochemicals, semiconductors and electronic components, as well as systems integration and other IT services.[12]
  • Food & Agribusiness: Trading in grains and other foodstuffs and related processing and catering businesses.[13] In 2014, Toyota Tsusho teamed up with Sapporo Holdings to acquire U.S. fruit juice manufacturer Country Pure Foods.[14]
  • Consumer Products & Services: Includes insurance brokerage and agency businesses, apparel production and trading, health care and nursing care sales and services, and real estate development and operation.[15] It is the smallest of the seven segments.[7]

Head Offices

  • Nagoya head office - 9-8, Meieki 4-chome, Nakamura-ku, Nagoya, Japan
  • Tokyo head office - 3-13, Konan 2-chome, Minato-ku, Tokyo, Japan
  • Osaka branch - 3-11, Minamisenba 4-chome, Chuo-ku, Osaka, Japan

Toyota Tsusho Group (major subsidiaries & affiliates)

Major Shareholders

(as of March 31, 2012)

See also

References

  1. ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Forster, Hector. (2006-02-20) Toyota Tsusho Shareholders Approve $1.5 Bln Tomen Acquisition. Bloomberg. Retrieved on 2013-08-16.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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