Expansion of the North American circular recycling business through the acquisition of Radius Recycling as a wholly owned subsidiary
First written in FY2026-H1. 2 of 3 entries say "Advanced", first in 2026-04-30. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Through this acquisition, we determined that we could further expand our circular-economy downstream business and accelerate initiatives toward carbon neutrality by combining Radius's strengths with our capability to build a closed-loop supply chain centered on recycled resources.」
Regarding the acquisition of Radius, the annual report set out in concrete terms the integration strategy of combining its North American recycled-resource collection and electric arc furnace platform with our closed-loop supply chain capabilities. - 2026-04-30AdvancedRevisions to earnings forecasts
「By combining Radius’s strengths with the “recycling capabilities,” “recycling technologies” and “quality control and closed-loop development” that the Company has cultivated over many years, we will create synergies primarily in three areas—metal scrap, ELV (end-of-life vehicles) and automotive batteries—to further expand our circular-economy downstream business and accelerate initiatives toward carbon neutrality.」
Specified the expansion policy in three areas—metal scrap, ELV and automotive batteries—by combining Radius’s collection sites and electric arc furnaces with the Company’s existing recycling capabilities. - FY2026-H1First statedAnnual report
「In July 2025, through Toyota Tsusho America, Inc., we completed the acquisition of all shares of U.S.-based Radius Recycling, Inc. (Radius), pursuant to a merger agreement under which all of Radius’s shares were to be acquired, making Radius a wholly owned subsidiary. In addition to more than 100 recycled-resource collection sites in the United States, Canada and Puerto Rico, Radius operates an electric arc furnace in Oregon. By combining these strengths of Radius with our ability to build closed-loop supply chains centered on recycled resources, we aim to further expand our circular resource recovery business and accelerate efforts to achieve carbon neutrality.」
Completed the acquisition of all shares of Radius and made it a wholly owned subsidiary in July 2025, beginning efforts to expand the circular resource recovery business by leveraging more than 100 collection sites and electric arc furnaces in North America.