Toyota Group

Toyota Group
Company typePrivate
IndustryConglomerate
FounderSakichi Toyoda
HeadquartersToyota, Japan
Brands
SubsidiariesSee Major group companies

The Toyota Group (トヨタグループ, Toyota Gurūpu) 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.

Major group companies

There are 18 major companies that make up the Toyota Group:[1]

Group company Established Products
Toyota Industries 1926 manufactures textile machinery (looms), forklifts, automotive components, and other equipment
Toyota Motor 1937 manufactures vehicles
Aichi Steel 1940 manufactures automotive steel; 30% owned by Toyota Industries and Toyota Motor
JTEKT 2006 manufactures machine tools, auto parts; formed by the merger of Koyo Seiko (1921) and Toyoda Machine Works (1941)
Toyota Auto Body 1945 manufactures vehicles, parts and auto bodies; 100% owned by Toyota Motor
Toyota Tsusho 1946 trading company (sogo shosha) supporting global operations of Toyota Group companies; 33% owned by Toyota Industries and Toyota Motor
Aisin 1949 manufactures automotive components; 30% owned by Toyota Industries and Toyota Motor
Denso 1949 manufactures automotive components; Toyota Motor owns 24.55%, Toyota Industries owns 8.74%
Toyota Boshoku 1918 original Toyota company; manufactures auto parts and textiles
Towa Real Estate 1953 commercial real estate developer in Nagoya area
Toyota Central R&D Labs 1960 performs research and development for other Toyota Group companies
Toyota Motor East Japan 2012 manufactures vehicles and parts
Toyoda Gosei 1949 manufactures automotive components; 43% owned by Toyota Motor
Hino 1942 manufacturer of trucks and buses; 100% owned by Toyota Motor since 2001
Daihatsu 1907 manufactures compact automobiles; 100% owned by Toyota Motor since 2016
Toyota Housing Corporation 2003 residential construction
Toyota Motor Kyushu 1991 Lexus cars, engines, and hybrid systems
Woven by Toyota 2021 vehicle software, automated driving, Woven City

Affiliates or partially owned subsidiaries

  • Kyoho kai group – Auto parts company – 211 companies.
  • Kyouei kai group – Logistic/facility company – 123 companies.
  • KDDI (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) owned by Asahi Shimbun, 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 (Toyota owns 5.05% of the company)
  • Suzuki (Toyota owns 4.9% of the company)
  • Isuzu (Toyota owns 4.6% of the company)
  • Misawa Homes Holdings, Inc. (Toyota owns 13.4% of the company)
  • Primearth EV Energy Co – a joint venture between Toyota and Panasonic (1996 to present)
  • Toyota Canada – a joint venture between Toyota (51%) and Mitsui & Co (49%) (1964 to present)
  • Yamaha (Toyota owns 2.8% of the company)[citation needed]
  • Panasonic (Toyota owns 2.8% of the company)[citation needed]
  • Nippon Telegraph & Telephone (Toyota owns 2.09% of the company)
  • MS&AD Insurance Group (Toyota owns 8.88% and is the largest single shareholder in the company)
  • Fuji Pharma Co., Ltd.

Former group companies

Further reading

  • Kamon, S.; Rosovsky, Henry (1992). The Political Economy of Japan. Vol. 3: Cultural and social dynamics. Stanford, California: Stanford University Press. pp. 215–216. ISBN 9780804719919.
  • Costanzo, L. A.; MacCay, R. B. (2009). Handbook of research on strategy and foresight. Cheltenham, UK: Edward Elgar Publishing. pp. 386–390. ISBN 978-1-84542-963-8.
  • Hino, S. (2006). Inside the mind of Toyota: management principles for enduring growth. New York: Productivity Press. p. 229. ISBN 9781563273001.

References

  1. ^ "Toyota Group Company Profiles". Toyota. Retrieved 2022-08-07.