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.
 | |
 Toyota Group Pavilion of Expo 2005 | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founder | Sakichi Toyoda |
| Headquarters | Toyota, Japan |
| Brands | |
| Subsidiaries | See Major group companies section |
Major group companies
editThere 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
edit- 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
edit- NUMMI – a joint venture between Toyota and General Motors (1984 to 2010)
- United Australian Automobile Industries – a joint venture between Toyota Australia and Holden (1989 to 1996)
- Tesla (Toyota owned 1.43%) (2010 to 2016)
Further reading
edit- 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
edit- ^ "Toyota Group Company Profiles". Toyota. Retrieved 2022-08-07.