Toyota Tsusho Explained

Toyota Tsusho Corporation
Native Name:豊田通商株式会社
Native Name Lang:ja
Romanized Name:Toyota Tsūshō Kabushiki-gaisha
Type:Public (K.K)
Location:Nagoya and Tokyo, Japan
Key People:Ichiro Kashitani, President
Industry:Trading Companies
Revenue: (2015)
Operating Income: (2015)
Net Income: (2015)
Num Employees:53,241 (2015)
Parent:Toyota Group

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 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 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.

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 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.

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]

In November 14 2022, OneH2, Inc. have partnership with Toyota Tsusho America, Inc on hydrogen fuel cell technologies.[6]

Business sections

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

Head Offices

Major subsidiaries and affiliates

See also

External links

Notes and References

  1. Web site: History. Toyota Tsusho Corporation. 8 June 2015. dead. https://web.archive.org/web/20150526204738/http://www.toyota-tsusho.com/english/corporate/history.html. 26 May 2015.
  2. Web site: Kasho's History. Toyota Tsusho Corporation. 8 June 2015. dead. https://web.archive.org/web/20150801070907/http://www.toyota-tsusho.com/english/corporate/history_kasho.html. 1 August 2015.
  3. Forster, Hector. (2006-02-20) Toyota Tsusho Shareholders Approve $1.5 Bln Tomen Acquisition. Bloomberg. Retrieved on 2013-08-16.
  4. Web site: Tomen's History. Toyota Tsusho Corporation. 8 June 2015. dead. https://web.archive.org/web/20150731001940/http://www.toyota-tsusho.com/english/corporate/history_tomen.html. 31 July 2015.
  5. Web site: Google goes bilingual, Facebook fleshes out translation and TensorFlow is dope - And, Microsoft is assisting fish farmers in Japan. The Register.
  6. https://www.hydrogenfwd.org/h2_spotlight/oneh2-partners-with-toyota-tsusho-america-to-demonstrate-zero-emissions-hydrogen-fuel/
  7. Web site: Segments. Toyota Tsusho Corporation. 8 June 2015. 29 June 2020. https://web.archive.org/web/20200629235305/https://www.toyota-tsusho.com/english/business/index.html. dead.
  8. News: Lee . Andrew . Toyota Tsusho swoops for SB Energy set up by billionaire to green Japan post-Fukushima . 22 February 2023 . Recharge . . 9 February 2023.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Toyota Tsusho".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.