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Other Disclosures8151TOYO CorporationTrading & Wholesale

TOYO Corporation decides to introduce and install its second IQM quantum computer at its R&D center

TOYO Corporation has decided to purchase IQM’s 5-qubit quantum computer, IQM Spark, and install it at its R&D center in Koto-ku, Tokyo. It plans to use the system from early 2027 for personnel training and algorithm demonstrations and testing.

Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
5
qubits
Wording
Conditional
How definitive the wording is.

Announced details

IQM SparkIQM Radiance20
Applicable field (uses covered by this announcement)
Fundamentals of quantum computersDemonstration and testing of algorithmsAcquisition of control technologiesEmployee TrainingEvaluation and testing of quantum components and related technologies
Launch dateEarly 2027 (scheduled start of operation)
What the company reported numerically
Usage history

IQM Spark will be TOYO Corporation’s second IQM quantum computer

Relationship between the counterparty and the company
TOYO Corporation8151
Relationship with the Company

TOYO Corporation has entered into a distributor agreement with IQM. It will purchase an IQM quantum computer on this occasion.

CounterpartyIQM Quantum Computers(NASDAQ: IQMX)

Headquartered in Espoo, Finland, IQM has a major site in Munich, Germany. Established in 2018, it manufactures and sells superconducting quantum computers and provides access to full-stack quantum systems and cloud platforms. It has more than 450 employees and operates in Europe, Asia and North America.

Location (as indicated in this announcement)

Kiba, Koto-ku, Tokyo (TOYO Corporation R&D Center)

IQM Spark base dimensions: 123 × 312 cm; minimum ceiling height: 290 cm; minimum floor load capacity: 800 kg/m²
Offering price

Product and usage pricing: contact us

The company does not address Contract Value / Impact on Business Performance.

Source (materials cited by the company)

Cabinet Office, “Quantum Future Society Vision” (22 April 2022)

Announced details
ItemDetails
Names of Products / Services CoveredIQM Spark, IQM Radiance20
CounterpartyIQM Quantum Computers(NASDAQ: IQMX)
Counterparty overviewHeadquartered in Espoo, Finland, IQM has a major site in Munich, Germany. Established in 2018, it manufactures and sells superconducting quantum computers and provides access to full-stack quantum systems and cloud platforms. It has more than 450 employees and operates in Europe, Asia and North America.
Relationship with the CompanyTOYO Corporation has entered into a distributor agreement with IQM. It will purchase an IQM quantum computer on this occasion.
Offering priceProduct and usage pricing: contact us
Launch dateEarly 2027 (scheduled start of operation)
Applicable areaFundamentals of quantum computers, Demonstration and testing of algorithms, Acquisition of control technologies, Employee Training, Evaluation and testing of quantum components and related technologies
LocationKiba, Koto-ku, Tokyo (TOYO Corporation R&D Center)
Location scaleIQM Spark base dimensions: 123 × 312 cm; minimum ceiling height: 290 cm; minimum floor load capacity: 800 kg/m²
Usage historyIQM Spark will be TOYO Corporation’s second IQM quantum computer
SourceCabinet Office, “Quantum Future Society Vision” (22 April 2022)
Items this document does not state (7)
Contract ValueContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To develop quantum talent in Japan, expand access to quantum computers, demonstrate and test algorithms, provide an environment for evaluating related components and technologies, and advance the practical implementation of quantum technologies.

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TOYO Corporation decides to introduce and install its second IQM quantum computer at its R&D center | TOYO Corporation (8151) timely disclosure | Komori