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 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. It started with the loom manufacturing company Toyota Industries.

Major group companies
  • Toyota Industries (1926) – manufactures looms, spinners, forklifts, and other equipment
  • JTEKT (1935) – manufactures bearings and other components
  • Toyota Motor (1937) – manufactures automobiles
    • Toyota Auto Body (1945) – manufactures vehicles, parts and auto bodies; 100% owned by Toyota Motor
    • Toyota Systems (2019) – comprehensive IT solutions company; 100% owned by Toyota Motor
    • Hino Motors – manufacturer of diesel trucks and buses acquired by Toyota Motor in 2001
  • 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; became wholly owned subsidiary in 2016
  • Toyota Financial Services (2000) – provider of automotive financing and credit cards
  • Toyofuji Shipping – international shipping company for Toyota vehicles
  • Toyota Housing Corporation (2003) – residential construction

Affiliates or partially owned subsidiaries
  • Denso – Auto parts company – 189 subsidiaries. (Toyota Motor owns 24.55%, Toyota Industries owns 8.74%; both are the two largest single shareholders in the company)
  • 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 the Asahi Shimbun Company, 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 Motor Corporation (Toyota owns 5.05% of the company)
  • Suzuki Motor Corporation (Toyota owns 4.9% of the company)
  • Misawa Homes Holdings, Inc. (Toyota owns 13.4% of the company)
  • 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)
  • Yamaha Motor Company (Toyota owns 2.8% of the company.)
  • Panasonic (Toyota owns 2.8% of the company.)
  • Nippon Telegraph and 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. 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 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. ISBN 9781563273001.
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