Toyota Industries Corporation
|Kabushiki gaisha Toyota Jidō Shokki|
|Type||Public KK Conglomerate |
|Industry||Auto & Truck Parts|
|Founded||18 November 1926|
|Headquarters||Kariya, Aichi, |
|Tetsurō Toyoda (representative director and chairman)|
Akira Ōnishi (representative director and president)
Kazue Sasaki (representative director, vice president, and head of technology and development)
Takuo Sasaki (representative director, vice president, and head of corporate audit, strategy and legal)
|Products||textile machinery, automobiles, materials handling equipment, electronics devices, etc.|
|Revenue|| ¥2,214,946 million (as of 03/31/2019)|
| ¥134,684 million (as of 03/31/2019)|
| ¥159,778 million (as of 03/31/2019)|
|Total assets|| ¥5,261,174 million (as of 03/31/2019)|
Number of employees
|64,641 (as of 03/31/2019)|
- Aichi Corporation
- Toyota Industry (Kunshan)
- Toyota Industry Automotive Parts (Kunshan)
- DENSO Corporation (8.72℅)
- Toyota Industries North America
- Toyota Material Handling Group
- Toyota Industries Europe
- Kirloskar Toyota Textile Machinery
- Toyota Industries Engine India
- uster-technologies (starting 21-feb-2012)
Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki gaisha Toyota Jidō Shokki) is a Japanese machine maker. Originally, and still (as of 2021), a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed. It is the world's largest manufacturer of forklift trucks measured by revenues.
The company was founded on 18 November 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi Toyoda, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world's most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity.
In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage of Japan as "a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group."
In 1933, the company established its automobile department, led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda. This department was spun off as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation. Toyota Industries is one of 13 core companies of the Toyota Group. The company owns 8.48% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 24.92% of common stock of its origin Toyota Industries.
In 1940, the steel production department of Toyota separates from the company and becomes Toyota Steel Works Ltd. Its current name is now Aichi Steel Corporation. In 1944, Toyotas Obu Plant begins operations which produces castings. Five years later the Toyota stock was listed on the Tokyo, Osaka, and Nagoya Stock Exchanges.
In 1952 Toyota began producing press die for automobiles. One year later in 1953 the Kyowa plant began to assemble automobiles and produce engines. In 1956 Toyota unveiled the Model LA 1-ton lift truck, this was the company's first lift truck model. Following this in 1957 Toyota began producing D-type diesel engines. This same year the Model LAT .85-ton towing tractor was created. In the final year of the decade, Toyota began producing the P-type gasoline engine.
In 1960 the kyowa Plant was changed to create only lift trucks. This same year production of the shovel loader and three cylinder crank shaft type compressor began. Development Laboratories and Toyota Central Research was also created with funds from 10 Toyota group companies. 1964 was the year when Toyota became recognized by the ministry of International trade and industry as one of the first to export. Toyota also showed off their new automated continuous spinning system. In 1967 Toyota Publica pickup truck production began at the Nagakusa plant. Toyota also passes a monthly output of 1,000 units.
In 1971 production of the infamous Corolla begins. Toyota also reaches the landmark of 100,000 units produced. 1973 is the year that Toyota reached an output of 3,000 units. One year later in 1974 production began on car air-conditioning compressors.
In 1980 production on the JA air begins. Sometime in 1984 the engine division of Toyota separated from the vehicle division. In 1986 Toyota received the Deming Application prize for quality control implementation. In 1988 Toyota Industrial Equipment is created in Indiana, US.
In 1991 Toyota reaches the landmark of 5 million units produced. A year later in 1992 Toyota sets up an Environmental Committee.
Toyota Industries is active in five business areas: automotive, materials handling, electronics, logistics, and textile machinery.
Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana, for the US market.
Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz/Yaris and the Toyota RAV4. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis, Corolla, Crown, and Land Cruiser.
In 2000, Toyota Industries acquired the Swedish-based forklift truck corporation BT Industries, alongside BT's subsidiaries The Raymond Corporation and CESAB. Combined with Toyota Industries' materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.
In October 2012, Toyota Industries acquired Cascade Corp., a maker of attachments for forklifts, for a price of $728 million.
In 2017, Toyota Industries acquired Vanderlande Corp. a manufacturer of automated material handling solutions as well as Bastian Solutions on the North American market
In 2020, Toyota Industries was manufacturing two state-of-the-art looms: the JAT810 (air jet loom) and LWT810 (water jet loom). Both looms operate without shuttles. The water jet loom throws the weft through the warp threads using water, and thus can only be used with synthetic fibers. The air jet loom uses air to throw the weft, and thus can be use with any fiber.
The company's shares are traded on the Tokyo Stock Exchange under symbol 6201.T.