Toyota Tsusho Corporation
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Tokyo Head Office
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Native name
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豊田通商株式会社 |
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Romanized name
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Toyota Tsūshō Kabushiki-gaisha |
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| Industry | Trading Companies |
| Founded | July 1, 1948 |
| Headquarters | Nagoya and Tokyo, Japan |
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Key people
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Jun Karube, President |
| Revenue | US$78.9 billion (2015) |
| US$1.55 billion (2015) | |
| US$616 million (2015) | |
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Number of employees
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53,241 (2015) |
| Parent | Toyota Group |
| Website | www |
Toyota Tsusho Corporation (豊田通商株式会社? Toyota Tsūshō Kabushiki-gaisha, : , based in Nagoya and Tokyo) 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.
Toyota established Toyoda Kinyu Kaisha (トヨタ金融株式會社?) 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 Nisshin Tsusho Kaisha, Ltd. (日新通商株式会社?) This company was renamed "Toyoda Tsusho" in 1956.
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. 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. Tomen had been founded in 1920 as Toyo Menka Kaisha (東洋棉花株式會社?) from the cotton trading business of Mitsui & Co. and was active in grain processing, power generation, agrochemicals and other business areas worldwide. These acquisitions together expanded Toyota Tsusho's business beyond its historical automotive focus.
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Wikipedia