Expanding Existing Businesses and Entering New Businesses through Partnerships and Investments

「In February 2026, AISIN CORPORATION, Minth Group Limited and the Company established ATM Automotive Parts Inc., a joint venture that produces aluminum body structural components, in Ontario, Canada, with the aim of strengthening the supply structure for automotive aluminum body structural components in the U.S. market.」

「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.」

「In January 2025, we made エレマテック㈱, which sells, processes and assembles, designs, and manufactures electronic materials, electronic components, and equipment on a contract basis, a wholly owned subsidiary through a tender offer. Going forward, we will further strengthen collaboration in every area, including products, markets, regions, functions, and personnel exchanges, and work to further enhance the corporate value of both companies.」

「We believe that maintaining エレマテック's competitive advantages and achieving sustainable growth require agile and flexible decision-making and the effective use of the management resources of our group, including エレマテック. We therefore decided that the best course of action was to eliminate the structural conflicts of interest between us and エレマテック by making エレマテック a wholly owned subsidiary and to establish a structure enabling the rapid and flexible mutual use of the management resources of our group, including エレマテック. Accordingly, we decided to conduct a tender offer for エレマテック.」

「In Cambodia, we established Toyota Tsusho Manufacturing (Cambodia) Co.,Ltd., a vehicle assembly business, in August 2022. In Bekasi, Indonesia, we established an operating company together with 株式会社海外交通・都市開発事業支援機構 (JOIN) and local partners.」

「We began preparations to establish Valabhi Hospital Services Private Limited, a joint venture with TOKAI Corp., to provide high-quality ancillary healthcare services, including hospital linen supply, in India.」

「CFAO SAS and Mobility 54 Investment SAS invested in InTouch SAS in July 2021 to promote digital payment capabilities in their African businesses. InTouch SAS provides digital payment services, primarily in West Africa.」

「To improve operational efficiency and reduce environmental impact in the logistics industry, we signed a capital and business alliance agreement with 株式会社Hacobu, which operates a platform for centralized logistics information management, in April 2021. We will advance proposals for solutions to optimize transportation and logistics operations and achieve smart logistics. To promote the mobility services business, we invested in Costa Rican Toyota and Lexus dealer PURDY MOTOR S.A. in April 2021. To establish a system for delivering essential pharmaceuticals to hospitals and pharmacies in a timely manner, we invested in Indian pharmaceutical wholesaler SKITES PHARMA Private Limited in March 2021.」

「To support the commercialization of all-polymer batteries, the world's first next-generation lithium-ion batteries, and expand their applications in automobiles and large stationary power sources, we subscribed to a private placement by APB株式会社, which develops, manufactures and sells all-polymer batteries, and invested in the company in June 2020.」

「To contribute to Egypt's automotive industry and economic development, we were awarded a contract by the Suez Canal Economic Zone Authority in December 2019 to build and operate Egypt's first dedicated automotive terminal at East Port Said, together with France's Bolloré Africa Logistics and 日本郵船株式会社.」

「To help spread clean, affordable renewable energy and further expand its wind power business, we began commercial operations in October 2019 at a 262.5 MW wind farm in the Arab Republic of Egypt that we had been developing jointly with Euras Energy Holdings Corporation.」

「To reduce illegal dumping and ensure the proper disposal of end-of-life vehicles in India, we established Maruti Suzuki Toyotsu India Private Limited, a joint venture for dismantling and recycling end-of-life vehicles, in October 2019 together with Toyota Tsusho India Private Limited and Maruti Suzuki India Limited, an Indian subsidiary of SUZUKI MOTOR CORPORATION.」

「In November 2019, CFAO SAS acquired shares in South Africa's major automotive dealer group Unitrans Motor Holdings Proprietary Limited through a subsidiary, with the aim of strengthening its automotive sales platform in Africa.」

「To help solve thermal and noise issues in electronic equipment and shorten development lead times, 株式会社ネクスティ エレクトロニクス invested in アルティメイトテクノロジィズ株式会社 in August 2019 and continues to promote collaboration.」

「In November 2019, we invested in Super Highway Labs Private Limited, an Indian startup that operates the Shuttl mid- and long-distance bus app service in 6 Indian cities, as a new mobility service, with the aim of contributing to solutions for social issues such as traffic congestion and air pollution and providing safer, more comfortable mobility.」

「In August 2019, we decided to establish Mobility 54 Investment SAS with CFAO SAS, an investment company specializing in equity investments and loans to mobility-related startups, to accelerate our mobility business in Africa.」

「To strengthen the functions of its health support business using personal health data, we invested in 株式会社M-aid and entered into a business alliance with the company in August 2019. Taking the investment in 株式会社M-aid as an opportunity, we also entered into a business alliance with 株式会社スギ薬局 to build a next-generation preventive healthcare service model.」

「In Kumejima, Okinawa Prefecture, we launched the Ha:moRIDE micro-mobility sharing service, using COMS ultra-compact EVs developed by TOYOTA MOTOR CORPORATION, as part of the Kumejima Ha:mo tourism-oriented MaaS business in July 2019, with the aim of promoting regional development and the adoption of ultra-compact EVs.」

「To support the development of local communities through electrification at the community level, we subscribed to a private placement by US venture company Powerhive Inc., which operates mini-grid businesses combining solar power generation systems and storage batteries in unelectrified areas of Kenya, and invested in the company in July 2019.」

「To further establish the Toyota brand in Myanmar and contribute to the country's economic development, we invested in TOYOTA MYANMAR CO., LTD., a vehicle production company established by TOYOTA MOTOR CORPORATION, in June 2019 and began preparations for local production.」

「To improve the efficiency of vehicle inspections and reduce labor requirements, we subscribed to a private placement by Israel-based UVeye Ltd., which provides vehicle inspection services using AI-powered image analysis, invested in the company in June 2019, and are promoting collaboration.」

「To establish a production and supply system for lithium hydroxide, we established 豊通リチウム株式会社 together with Australian lithium resource developer Orocobre Limited in Naraha, Futaba District, Fukushima Prefecture, and signed a site-location agreement with the town in June 2019 toward the start of production. To strengthen the development of vehicle control systems for next-generation mobility, we invested in スマートホールディングス株式会社 in May 2019 and entered into a business partnership with the company.」

「To participate in the port-terminal operations business in Myanmar, we decided in January 2019 to invest, together with 株式会社海外交通・都市開発事業支援機構 and others, in THILAWA MULTIPURPOSE INTERNATIONAL TERMINAL CO., LTD., a terminal operator in Myanmar.」

「In cooperation with CFAO SAS, we received an order in September 2018 from Morocco's National Institute of Fisheries Research, under the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, for 1 oceanographic and fisheries research vessel.」

「With the aim of securing a stable supply of grain, we established PG AGRO CO.,LTD., a feed ingredients sales company, jointly with S P M FEED MILL CO.,LTD., a Thai livestock and feed manufacturing and sales company, in October 2018.」

「In November and December 2018, we conducted Japan's first demonstration test of supplying electricity charged to electric vehicle batteries to the power grid (Vehicle to Grid).」

「To promote its Mobility-as-a-Service (MaaS) business, the Group decided in October 2018 to invest as lead investor in a Series A third-party allotment of shares by Singapore-based mobilityX Pte. Ltd., and made the investment in December.」

「Together with Australian lithium resources developer Orocobre Limited and Jujuy Energy and Mining Society of the State, a mining company owned by the government of Argentina's Jujuy Province (JEMSE), we aim to establish a long-term, stable supply system for lithium, for which demand is expected to continue growing. In November 2018, we decided to expand lithium carbonate production capacity in Argentina from 17,500 tonnes per year to 42,500 tonnes per year.」

「Central LNG Shipping株式会社, in which we have invested, signed a shipbuilding contract with Kawasaki Heavy Industries,Ltd. in July 2018 for 1 LNG fuel supply vessel to supply LNG to ships. To develop applications and expand sales across a broad range of organic EL displays, we subscribed to part of a third-party allotment conducted by JOLED株式会社 and invested in the company in June 2018.」

「On 1 June 2018, we entered into a memorandum of understanding with TOYOTA MOTOR CORPORATION to continue discussions aimed at transferring all sales-related operations in the African market to our company around January 2019.」

「In April 2018, we invested in グローバル測位サービス株式会社, which aims to commercialize centimeter-level satellite positioning services, with the goal of expanding business fields using high-precision positioning technology.」

「To commercialize LNG fuel supply for vessels in Japan, we jointly established a joint venture with 川崎汽船株式会社, 中部電力株式会社, and 日本郵船株式会社 in May 2018.」

「To promote the overseas expansion of its used four-wheel and two-wheel vehicle marketplace business, we subscribed to a third-party allotment of shares by Droom Technology Pvt. Ltd., India's largest automotive marketplace operator, and invested in the company in April 2018.」

「To expand our domestic metal-processing business and integrate operations, we made オリエンタル鋼業株式会社, 豊通鋼管株式会社, and 株式会社関東コイルセンター wholly owned subsidiaries of 豊通鉄鋼販売株式会社 effective 1 April 2018.」

「To secure a stable lithium supply and strengthen our partnership in anticipation of increased demand, we decided in January 2018 to subscribe to a third-party allotment by Australian lithium resource developer Orocobre Limited and participate in a free allotment of stock acquisition rights, acquiring a 15% stake in the company. To strengthen our aircraft-parts business, we subscribed to a third-party allotment by AeroEdge株式会社, a manufacturer and seller of aircraft engine components, in March 2018 and invested in the company. To promote a virtual power plant business using EVs and PHVs, we invested in Nuvve Corporation, a U.S. venture company developing a Vehicle to Grid power business using onboard storage batteries, in November 2017.」

「In Thailand, we established Toyota Material Handling (Thailand) Co.,Ltd., a regional sales management company for industrial vehicles, jointly with 株式会社豊田自動織機 in August 2017. We will strengthen sales of logistics systems in Thailand, where growth is expected, and forklift sales in the Mekong region. To strengthen software development, 株式会社ネクスティ エレクトロニクス, a group company, and 東芝マイクロエレクトロニクス株式会社, a Toshiba Group company, established the joint venture ネクスティ システムデザイン株式会社 in December 2017. For the development of the Port of Mombasa in Kenya, East Africa's largest commercial port, we jointly secured an order with 三井造船株式会社 to supply 16 quay cranes, and the contract took effect in November 2017.」

「In August 2017, the Company invested in Grab Inc., Southeast Asia’s largest ride-sharing service company, to promote collaboration in the new mobility services sector. In Thailand, in August 2017 the Company signed a joint venture agreement with PTT Global Chemical Public Company Limited and the Group company SANYO CHEMICAL INDUSTRIES,LTD. for the manufacture and sale of urethane raw materials. Commercial operations are scheduled to begin in 2020. As part of its upstream strategy in the pharmaceuticals business, Eurapharma S.A., a subsidiary of CFAO SAS, acquired a majority interest in Maphar S.A., a subsidiary of leading pharmaceutical company Sanofi, in Morocco, thereby entering the manufacture and sale of pharmaceuticals.」

「In Kenya, the Company established Bolloré NYK Auto Logistics Limited, a finished-vehicle logistics company, jointly with Bolloré Transport & Logistics Kenya Limited and Nippon Yusen Kabushiki Kaisha, and began operations.」

「In Japan, the Company established 株式会社ネクセンタイヤジャパン as a joint venture with NEXEN TIRE Corporation, one of South Korea’s leading tire manufacturers, to serve as the exclusive import and sales agent for its products, and began operations. In addition, CFAO SAS, in which the Company holds an investment, acquired additional shares in December 2016 and became a wholly owned subsidiary.」

「In Kenya, the Company agreed to establish Bolloré NYK Auto Logistics Limited, a finished-vehicle logistics company, jointly with Bolloré Transport & Logistics Kenya Limited and Nippon Yusen Kabushiki Kaisha. In the consumer and services sector, 豊通保険パートナーズ株式会社, a Group company, entered into an agency agreement with AXA Assistance Japan Co., Ltd., a subsidiary of AXA Group, the world’s No. 1 insurance brand, and began handling its overseas emergency evacuation assistance service, G-Rescue.」

「In the food sector, in the United States, the Company acquired the 100% fruit-juice sherbet business of The Ridgefield's Brand Corporation,Inc., a manufacturer of food-service sherbet.」

「In Indonesia, the Company invested in PT.Balai Lelang Serasi, a company under the Astra Group, and is working to expand its used-car auction business.」

「The Group aims to expand existing businesses, strengthen their functions, or enter new businesses by strengthening existing alliance relationships or forming new alliances. To this end, it invests in activities such as establishing new companies in partnership with other companies and investing in existing companies, and may continue to make such investments in the future.」