Toyota Tsusho

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Toyota Tsusho Corporation
Native name
豊田通商株式会社
Toyota Tsūshō Kabushiki-gaisha
Public (TYO: 8015)
IndustryTrading Companies
FoundedJuly 1, 1948
HeadquartersNagoya and Tokyo, Japan
Key people
Jun Karube, President
RevenueUS$78.9 billion (2015)
US$1.55 billion (2015)
US$616 million (2015)
Number of employees
53,241 (2015)
ParentToyota Group
Websitewww.toyota-tsusho.com
Nagoya Head Office

Toyota Tsusho Corporation (豊田通商株式会社, Toyota Tsūshō Kabushiki-gaisha, 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[edit]

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]

In March 2016, Toyota Tsusho announced having reached a broad cooperation agreement with Bolloré Logistics, the logistics arm of the Bolloré French conglomerate, to "enhance and secure their foundation as Africa's number one position by the joint business development in various fields including infrastructure and logistics" (quote), both in Africa as well as globally.

In August 2018, Toyota Tsusho began a partnership with Microsoft to create fish farming tools using the Microsoft Azure application suite for IoT technologies related to water management. Developed in part by researchers from Kindai University, the water pump mechanisms use artificial intelligence to count the number of fish on a conveyor belt, analyze the number of fish, and deduce the effectiveness of water flow from the data the fish provide. The specific computer programs used in the process fall under the Azure Machine Learning and the Azure IoT Hub platforms.[5]

Business sections[edit]

Toyota Tsusho's businesses are divided into 7 business sections:[6]

  • 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.[7] It is the largest of the seven segments in terms of sales, assets and income.[8]
  • Global Parts & Logistics: A 23-country network for the development, production, procurement and sale of automotive and aircraft parts.[9]
  • Automotive: Export, production and distribution of Toyota and third-party automobiles, with investments in 85 countries.[10]
  • 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.[11] In 2015, Toyota Tsusho announced a $1.5 billion investment in gas exploration and renewable energy in Egypt.[12]
  • Chemicals & Electronics: Trading in petrochemicals, semiconductors and electronic components, as well as systems integration and other IT services.[13]
  • Food & Agribusiness: Trading in grains and other foodstuffs and related processing and catering businesses.[14] In 2014, Toyota Tsusho teamed up with Sapporo Holdings to acquire U.S. fruit juice manufacturer Country Pure Foods.[15]
  • 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.[16] It is the smallest of the seven segments.[8]

Head Offices[edit]

  • 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

Major subsidiaries and affiliates[edit]

Major shareholders[edit]

(as of March 31, 2012)

See also[edit]

References[edit]

  1. ^ a b c "History". Toyota Tsusho Corporation. Archived from the original on 26 May 2015. Retrieved 8 June 2015.
  2. ^ "Kasho's History". Toyota Tsusho Corporation. Archived from the original on 1 August 2015. Retrieved 8 June 2015.
  3. ^ Forster, Hector. (2006-02-20) Toyota Tsusho Shareholders Approve $1.5 Bln Tomen Acquisition. Bloomberg. Retrieved on 2013-08-16.
  4. ^ "Tomen's History". Toyota Tsusho Corporation. Archived from the original on 31 July 2015. Retrieved 8 June 2015.
  5. ^ "Google goes bilingual, Facebook fleshes out translation and TensorFlow is dope - And, Microsoft is assisting fish farmers in Japan".
  6. ^ "Segments". Toyota Tsusho Corporation. Retrieved 8 June 2015.
  7. ^ "Metals". Toyota Tsusho Corporation. Retrieved 8 June 2015.
  8. ^ a b "Segment Information by Industry". Toyota Tsusho Corporation. Archived from the original on 8 June 2015. Retrieved 8 June 2015.
  9. ^ "Global Parts & Logistics". Toyota Tsusho Corporation. Retrieved 8 June 2015.
  10. ^ "Automotive". Toyota Tsusho Corporation. Archived from the original on 8 June 2015. Retrieved 8 June 2015.
  11. ^ "Machinery, Energy & Project". Toyota Tsusho Corporation. Archived from the original on 8 June 2015. Retrieved 8 June 2015.
  12. ^ "Toyota to invest $1.5B in Egypt gas exploration, renewable energy". The Cairo Post. 7 April 2015. Retrieved 8 June 2015.
  13. ^ "Chemicals & Electronics". Toyota Tsusho Corporation. Archived from the original on 8 June 2015. Retrieved 8 June 2015.
  14. ^ "Food & Agribusiness". Toyota Tsusho Corporation. Archived from the original on 8 June 2015. Retrieved 8 June 2015.
  15. ^ "Toyota Tsusho, Sapporo to buy U.S. juice maker Country Pure Foods". The Japan Times. Kyodo. 25 December 2014. Retrieved 8 June 2015.
  16. ^ "Consumer Products & Services". Toyota Tsusho Corporation. Archived from the original on 8 June 2015. Retrieved 8 June 2015.

External links[edit]