Newegg

Boosting Growth Investment to Power Mobility Company Transformation Toyota-AISIN Capital Ties Revised

Toyota City, Japan, June 27, 2024 – Toyota Motor Corporation (Toyota) has today decided to sell a portion of its shareholdings in AISIN CORPORATION (AISIN). This is a revision of capital ties aimed at the growth of the Toyota Group, an initiative that has been underway since last year.

Toyota has been restructuring its groupwide business with a “home & away” perspective since 2016, as it revamps the Toyota Group to deliver smiles and happiness to people around the world through mobility. Amid these efforts, the group companies of Toyota, AISIN, DENSO CORPORATION (DENSO), and Toyota Industries Corporation have held extensive discussions and have come to an agreement that, following last year’s sale of a portion of shares in DENSO, Toyota will sell a portion of its shares in AISIN. By effectively leveraging funds obtained through the sale, Toyota believes it can boost capital efficiency and achieve further growth for the Group, while maintaining the capital ties that have sustained a strong relationship. AISIN will continue to strengthen the Toyota Group’s competitiveness by utilizing its wide range of hardware and software product lines and manufacturing capabilities. Toyota plans to use the generated capital to make growth investments focused on electrification, intelligence, and diversification initiatives.

Toyota also intends to carefully review its capital ties with other group companies on an individual basis, examining elements such as human resources, operations, culture, and business relationships while exploring the potential for strengthening competitiveness. The Group will continue to create its optimum formation as a mobility company and work as one to maintain and improve its competitiveness.

About Toyota

Toyota strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders, and to contribute to the creation of a prosperous society through all its business operations.

Our corporate principles form the basis of our initiatives, reflect values that enable action, and drive our mindset.

For the latest Toyota-related news and information:
newsroom@global.toyota

URL: https://plus.google.com/+toyotaglobal | Facebook : https://www.facebook.com/ToyotaMotorCorporation/ | Twitter : https://twitter.com/TOYOTA_PR/ | Youtube : https://www.youtube.com/user/toyotajpchannel/ | Linkedin : https://linkedin.com/company/toyota |

More From RunAroundTech.com

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE FROM RUNAROUNDTECH.COM

How Financial Businesses Are Taking Advantage of Apps

Money needs to move with people, no matter where they go in a day. Financial businesses now leverage mobile apps to stay in step with their clients.

The Hiseeu smart light bulb camera with audio and alarm

The innovative Hiseeu smart light bulb camera offers enhanced security features, providing peace of mind for homeowners.

Most Popular

How Financial Businesses Are Taking Advantage of Apps

Money needs to move with people, no matter where they go in a day. Financial businesses now leverage mobile apps to stay in step with their clients.

The Hiseeu smart light bulb camera with audio and alarm

The innovative Hiseeu smart light bulb camera offers enhanced security features, providing peace of mind for homeowners.

The Freewell Carbon Fiber Tripod: Compact, Durable, and Versatile

The Freewell Carbon Fiber Travel Tripod is a must-have accessory for photographers seeking compact, durable, and versatile support on the go.