Toyota Group
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. 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
- Toyota Industries (1926) – manufactures forklifts and other equipment
- JTEKT (1935) – manufactures bearings and other components
- Toyota Motor (1937) – manufactures automobiles
- Toyota Auto Body (1940) – manufactures truck bodies; 100% owned by Toyota Motor
- 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) – manufactures automotive components; 30% owned by Toyota Industries and Toyota Motor
- Toyoda Gosei (1949) – manufactures automotive components; 43% owned by Toyota Motor
- Denso (1949) – manufactures air conditioners and other automotive components
- Toyota Boshoku (1918) – original Toyota company; manufactures filters, trim, liners and other automotive components
- Towa Real Estate (1953) – commercial real estate developer in Nagoya area; holds stock in other Toyota Group companies as an anti-takeover measure
- Toyota Central R&D Labs., Inc. (1960) – performs research and development for other Toyota Group companies
- Daihatsu (1907) – manufactures compact automobiles; majority stake acquired by Toyota Motor in 1998
- Toyota Financial Services (2000) – provider of automotive financing and credit cards
- Toyota Communication Systems Co., Ltd. (2001) – IT system integrator; 100% owned by Toyota Motor
- Hino Motors – manufacturer of diesel trucks and buses acquired by Toyota Motor in 2001
- Toyofuji Shipping Co. – international shipping company for Toyota vehicles
- Toyota Housing Corporation (2003) – residential construction
- Red Entertainment - video game developer
- Tenyo - toy manufacturer
Affiliates or partially owned subsidiaries
- Tesla Motors – American electric vehicle maker, partnered with Toyota to create the second-generation Toyota RAV4 EV. (Toyota owns 10% of the company.)
- Kyoho kai group – Auto parts company – 211 companies.
- Kyouei kai group – Logistic/facility company – 123 companies.
- Fuji Heavy Industries, Ltd., manufacturer of Subaru automobiles. (Toyota owns 16.5% of the company.)
- Isuzu Motors Ltd. (Toyota owns 5.9% of the company.)
- Misawa Homes Holdings, Inc. (Toyota owns 13.4% of the company.)
- United Australian Automobile Industries (UAAI) – a joint venture between Toyota Australia and GM-Holden (1989 to 1996)
- New United Motor Manufacturing, Inc. (NUMMI) – a joint venture between Toyota and General Motors (1984 to 2010)
- Primearth EV Energy Co (PEVE) – a joint venture between Toyota and Panasonic (1996 to present)
- Toyota Canada Inc. (TCI) – a joint venture between Toyota (51%) and Mitsui & Co. Ltd. (49%) (1964 to present)
Further reading
- Kamon, S.; Rosovsky, Hemry (1992). The Political Economy of Japan. 3: Cultural and social dynamics. Stanford, California: Stanford University Press. pp. 215–216.
- Costanzo, L. A.; MacCay, R. B. (2009). Handbook of research on strategy and foresight. Cheltenham, UK: Edward Elgar Publishing Limited. 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.
External links
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