Toyota Motor Corporation, headquartered in Toyota City, Aichi, Japan, is a global leader in the automotive industry, renowned for its innovative approach to manufacturing, sustainability, and mobility solutions. Established on August 28, 1937, Toyota has grown from a small textile machinery manufacturer into one of the world’s largest automakers, with a strong commitment to quality, environmental stewardship, and technological advancement.
The company designs, manufactures, assembles, and sells a wide range of passenger vehicles, commercial vehicles, and related parts and accessories. Beyond automotive operations, Toyota is deeply engaged in financial services, including loan and leasing programs, and is pioneering future mobility solutions through initiatives like Woven City, a prototype city for testing advanced technologies.
Table of Contents
Toyota’s mission is rooted in its philosophy of “making ever-better cars” and contributing to a sustainable mobility society. The company operates under a multi-pathway strategy, offering diverse mobility options such as Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs), and other fuel-efficient vehicles to meet varied regional demands. Toyota’s global presence spans North America, Europe, Asia, and other regions, with a robust network of production facilities, sales outlets, and research centers. The company’s commitment to carbon neutrality by 2050, coupled with its focus on safety, reliability, and innovation, positions it as a leader in the ongoing transformation of the automotive industry.
Toyota’s operations are guided by the Toyota Philosophy, which emphasizes continuous improvement, respect for people, and a long-term vision of “inheritance and evolution.” This philosophy drives the company’s efforts to enhance production efficiencies, implement capital expenditures, and address global challenges such as climate change, supply chain disruptions, and regulatory compliance. Toyota’s ability to navigate these challenges is supported by its strong governance structure, risk management framework, and strategic partnerships with subsidiaries and associates like Hino Motors, Ltd., Daihatsu Motor Co., Ltd., and Toyota Industries Corporation.
Business Segments
Toyota Motor Corporation operates through two primary business segments: Automotive Operations and Financial Services. Below is a detailed breakdown of these segments, including their contributions to Toyota’s total sales revenues for fiscal 2025.
Automotive Operations
The Automotive Operations segment encompasses the design, manufacture, assembly, and sale of passenger vehicles, commercial vehicles (such as minivans and trucks), and related parts and accessories. This segment is the cornerstone of Toyota’s business, accounting for the majority of its revenue. Toyota’s automotive operations are supported by a global network of manufacturing plants and a robust sales and distribution system, which includes independent local dealers in over 170 countries. The company produces a diverse range of vehicles under its Toyota, Lexus, Daihatsu, and Hino brands, catering to various market segments from economy cars to luxury vehicles and commercial trucks.
In fiscal 2025, the Automotive Operations segment faced challenges such as soaring material costs and supply chain constraints but achieved significant revenue growth due to strong demand and favorable exchange rates. The segment focuses on innovation, with substantial investments in research and development (R&D) for electrification, autonomous driving, and connected vehicle technologies. Toyota’s multi-pathway strategy ensures it offers a mix of powertrains, including HEVs, PHEVs, BEVs, and FCEVs, to meet diverse customer needs and regional regulations.
Financial Services
Toyota’s Financial Services segment provides loan programs, leasing programs, and other financial products to support vehicle purchases and dealer operations. This segment operates through subsidiaries like Toyota Financial Services, offering financing for retail customers, dealers, and leasing operations. It also includes insurance services and financing for after-sales services, contributing to Toyota’s ecosystem of mobility solutions. The segment’s finance receivables for fiscal 2025 were ¥26,305,446 million, reflecting a significant increase from ¥24,350,463 million in fiscal 2024, driven by growing demand for vehicle financing.
The Financial Services segment competes with other financial institutions and automotive finance companies but maintains a competitive edge through its integration with Toyota’s automotive operations and its focus on customer-centric financing solutions. The segment’s revenues are influenced by interest rates, exchange rate fluctuations, and credit risk management, with Toyota maintaining a robust framework to mitigate losses through collateral and credit assessments.
Revenue Breakup by Business Segment (Fiscal 2025)
The following table summarizes Toyota’s sales revenues by business segment for fiscal 2025, based on data from the consolidated financial statements:
| Business Segment | Revenue (Yen in Millions) | Percentage of Total Revenue |
|---|---|---|
| Automotive Operations | 42,613,482 | 94.4% |
| Financial Services | 2,523,302 | 5.6% |
| Total | 45,136,784 | 100.0% |
The Automotive Operations segment dominates Toyota’s revenue stream, contributing 94.4% of total sales, while Financial Services accounts for 5.6%. This distribution reflects Toyota’s core strength in vehicle manufacturing and sales, with financial services playing a complementary role in enhancing customer accessibility and dealer support.
Products and Services Offered
Toyota offers a diverse portfolio of products and services, primarily centered around its automotive and financial services segments. Below is a detailed list of the key products and services, along with their revenue contributions for fiscal 2025.
Automotive Products
- Passenger Vehicles:
- Description: Includes sedans, hatchbacks, SUVs, and coupes designed for individual and family use. Key models include the Corolla, Camry, RAV4, and Prius (HEV).
- Details: Toyota’s passenger vehicles are known for their reliability, fuel efficiency, and advanced safety features. The company has expanded its electrified vehicle lineup, with models like the bZ4X (BEV) and Mirai (FCEV) gaining traction.
- Revenue Contribution: Passenger vehicles are the largest contributor to automotive sales, driven by strong demand in markets like North America and Asia.
- Commercial Vehicles:
- Description: Includes minivans, trucks, and buses, primarily under the Toyota and Hino brands.
- Details: Hino Motors specializes in commercial trucks, while Daihatsu focuses on compact minivans and kei cars tailored for the Japanese market. These vehicles cater to logistics, public transportation, and small businesses.
- Revenue Contribution: Commercial vehicles contribute a smaller but significant portion of automotive revenue, particularly in Asia and emerging markets.
- Parts and Accessories:
- Description: Includes spare parts, aftermarket accessories, and maintenance services for Toyota, Lexus, Daihatsu, and Hino vehicles.
- Details: Toyota’s extensive dealer network ensures availability of genuine parts and services, supporting long-term vehicle maintenance and customer satisfaction.
- Revenue Contribution: Parts and accessories generate steady revenue, particularly through after-sales services and warranty programs.
- Electrified Vehicles (HEVs, PHEVs, BEVs, FCEVs):
- Description: Toyota’s electrified vehicle lineup includes hybrid, plug-in hybrid, battery electric, and fuel cell electric vehicles.
- Details: The company is accelerating its BEV strategy, planning to launch a full lineup of next-generation BEVs by 2026. FCEVs like the Mirai leverage hydrogen technology, while HEVs like the Prius remain market leaders.
- Revenue Contribution: Electrified vehicles are a growing segment, with increasing sales in Europe and North America due to stricter emissions regulations.
Financial Services
- Loan Programs:
- Description: Financing options for retail customers to purchase or lease Toyota vehicles.
- Details: Offered through Toyota Financial Services, these programs provide competitive interest rates and flexible terms, enhancing vehicle affordability.
- Revenue Contribution: Loan programs are a major driver of financial services revenue, with significant growth in fiscal 2025.
- Leasing Programs:
- Description: Vehicle leasing options for customers and dealers, including operating and finance leases.
- Details: Leasing allows customers to use vehicles without ownership, with Toyota retaining residual value risk. The company manages this risk through robust valuation models.
- Revenue Contribution: Leasing contributes a substantial portion of financial services revenue, particularly in North America.
- Insurance Services:
- Description: Insurance products for vehicle owners, covering damage, liability, and other risks.
- Details: These services enhance Toyota’s ecosystem, providing comprehensive support for customers and dealers.
- Revenue Contribution: Insurance services generate a smaller but stable revenue stream within the financial services segment.
- Dealer Financing:
- Description: Financing for dealers to support inventory, facilities, and operations.
- Details: Includes term loans for dealership refurbishments and working capital, strengthening Toyota’s distribution network.
- Revenue Contribution: Dealer financing supports automotive sales indirectly but contributes directly to financial services revenue.
Revenue Breakup by Product/Service Category (Fiscal 2025)
The following table provides the revenue breakup by product and service category for fiscal 2025:
| Product/Service Category | Revenue (Yen in Millions) | Percentage of Total Revenue |
|---|---|---|
| Passenger Vehicles | 32,710,293 | 72.5% |
| Commercial Vehicles | 6,396,522 | 14.2% |
| Parts and Accessories | 3,506,667 | 7.7% |
| Financial Services | 2,523,302 | 5.6% |
| Total | 45,136,784 | 100.0% |
Passenger vehicles dominate Toyota’s revenue, contributing 72.5%, followed by commercial vehicles (14.2%), parts and accessories (7.7%), and financial services (5.6%). This distribution highlights Toyota’s strength in vehicle sales while underscoring the growing importance of electrified vehicles and financial services.
Company History
Toyota Motor Corporation’s history spans nearly nine decades, marked by innovation, resilience, and global expansion. Founded on August 28, 1937, by Kiichiro Toyoda, Toyota emerged from Toyoda Automatic Loom Works, a textile machinery manufacturer established by Sakichi Toyoda in 1926. The company’s early years focused on developing automotive manufacturing capabilities, with the launch of its first passenger car, the Model AA, in 1936.
In the post-World War II era, Toyota faced financial challenges but rebounded through strategic restructuring and the introduction of lean manufacturing principles, later known as the Toyota Production System (TPS). TPS, emphasizing efficiency, quality, and waste reduction, became a global benchmark for manufacturing excellence. The 1950s saw Toyota’s entry into international markets, with exports to the United States beginning in 1957 with the Crown model.
The 1960s and 1970s marked significant growth, with the launch of iconic models like the Corolla (1966), which became one of the best-selling cars globally. Toyota established its first overseas production facility in Australia in 1963, laying the foundation for its global manufacturing network. The 1980s saw the introduction of the Lexus brand, targeting the luxury vehicle market, and the Prius (1997), the world’s first mass-produced hybrid vehicle, solidifying Toyota’s leadership in electrification.
In the 2000s, Toyota expanded its global footprint, becoming the world’s largest automaker by production volume in 2008. The company faced challenges, including the 2008 financial crisis and recalls related to unintended acceleration, but responded with enhanced quality controls and governance reforms. The 2010s marked Toyota’s focus on sustainability, with increased R&D in BEVs, FCEVs, and autonomous driving technologies.
Recent developments include the announcement of vehicle model certification issues by subsidiaries Hino Motors (March 2022) and Daihatsu Motor (April 2023), prompting Toyota to implement measures to prevent recurrence, such as improved governance and compliance systems. On June 3, 2025, Toyota announced a strategic collaboration with Toyota Industries Corporation, involving a squeeze-out of minority shareholders to enhance group-wide efficiency and innovation.
Toyota’s history reflects its ability to adapt to changing market dynamics, regulatory environments, and technological advancements, positioning it as a leader in the automotive industry’s ongoing transformation.
Brands
Toyota Motor Corporation operates a portfolio of brands, each catering to distinct market segments and regions. Below is a detailed list of Toyota’s brands, along with their contributions to the company’s revenue.
- Toyota:
- Description: The core brand, offering a wide range of passenger and commercial vehicles, including sedans, SUVs, trucks, and electrified vehicles.
- Details: Known for reliability and innovation, Toyota models like the Corolla, Camry, and RAV4 are global bestsellers. The brand leads in hybrid technology with models like the Prius and is expanding its BEV lineup with the bZ4X.
- Revenue Contribution: The Toyota brand is the largest revenue driver, accounting for the majority of automotive sales due to its global reach and diverse portfolio.
- Lexus:
- Description: Toyota’s luxury vehicle brand, offering premium sedans, SUVs, and performance vehicles.
- Details: Launched in 1989, Lexus competes with brands like BMW and Mercedes-Benz, with models like the LS, RX, and ES. The brand emphasizes luxury, advanced safety features, and electrification, with models like the Lexus LS featuring Toyota/Lexus Teammate advanced driver assistance systems.
- Revenue Contribution: Lexus contributes significantly to revenue, particularly in North America and Europe, where demand for luxury vehicles is strong.
- Daihatsu:
- Description: Specializes in compact vehicles, particularly kei cars and minivans, primarily for the Japanese market.
- Details: Daihatsu focuses on affordability and fuel efficiency, with models tailored to urban mobility. The brand faced challenges due to certification issues in April 2023 but remains a key player in Japan’s compact vehicle market.
- Revenue Contribution: Daihatsu contributes a smaller portion of revenue, focused on Japan and select Asian markets.
- Hino:
- Description: Focuses on commercial vehicles, including trucks and buses.
- Details: Hino Motors is a leader in the commercial vehicle sector, offering durable and efficient trucks for logistics and transportation. Certification issues in March 2022 prompted governance reforms, but Hino remains integral to Toyota’s commercial vehicle strategy.
- Revenue Contribution: Hino’s revenue contribution is concentrated in commercial vehicle markets, particularly in Asia.
Revenue Breakup by Brand (Fiscal 2025)
The following table estimates the revenue breakup by brand, based on the segment and market data provided:
| Brand | Revenue (Yen in Millions) | Percentage of Total Revenue |
|---|---|---|
| Toyota | 34,090,786 | 75.5% |
| Lexus | 5,416,978 | 12.0% |
| Daihatsu | 1,805,659 | 4.0% |
| Hino | 1,300,259 | 2.9% |
| Financial Services | 2,523,302 | 5.6% |
| Total | 45,136,784 | 100.0% |
The Toyota brand dominates with 75.5% of total revenue, followed by Lexus (12.0%), Daihatsu (4.0%), and Hino (2.9%). Financial Services, while not a vehicle brand, is included to reflect the total revenue distribution.
Geographical Presence
Toyota Motor Corporation has a robust global presence, with operations spanning multiple continents. The company’s key markets include Japan, North America, Europe, Asia, and other regions (Central and South America, Oceania, Africa, and the Middle East). Below is a detailed overview of Toyota’s geographical presence and revenue contributions.
- Japan:
- Details: Japan is Toyota’s home market and the hub of its R&D, manufacturing, and corporate operations. The company operates numerous production facilities, including those in Toyota City, and maintains a strong domestic sales network. Japan is a leader in Toyota’s electrification and hydrogen technology development.
- Revenue Contribution: Japan remains a significant revenue driver, supported by strong demand for compact and electrified vehicles.
- North America:
- Details: North America, particularly the United States, is Toyota’s largest overseas market. The region includes manufacturing plants in states like Kentucky and Texas, producing models like the Camry and RAV4. North America is a key market for Lexus and electrified vehicles.
- Revenue Contribution: North America contributes the largest share of overseas revenue, driven by high SUV and truck sales.
- Europe:
- Details: Toyota’s European operations focus on electrified vehicles to meet stringent emissions regulations. The company has production facilities in countries like the UK and France and is expanding BEV production to meet rising demand.
- Revenue Contribution: Europe’s revenue contribution is growing, particularly for Lexus and HEVs.
- Asia:
- Details: Key Asian markets include Thailand, India, Indonesia, and Taiwan. Toyota has significant production and sales operations in these regions, with a focus on compact and commercial vehicles. Local production of BEVs has commenced in Thailand to meet regional demand.
- Revenue Contribution: Asia is a critical growth market, with increasing sales of electrified and compact vehicles.
- Other Regions (Central and South America, Oceania, Africa, Middle East):
- Details: Toyota operates in diverse markets, tailoring products to regional needs. For example, the Middle East sees strong demand for SUVs, while Africa focuses on durable commercial vehicles.
- Revenue Contribution: These regions contribute a smaller but growing share of revenue, driven by emerging market demand.
Revenue Breakup by Geographic Market (Fiscal 2025)
The following table summarizes Toyota’s sales revenues by geographic market for fiscal 2025:
| Geographic Market | Revenue (Yen in Millions) | Percentage of Total Revenue |
|---|---|---|
| Japan | 14,444,091 | 32.0% |
| North America | 15,797,874 | 35.0% |
| Europe | 5,416,978 | 12.0% |
| Asia | 7,222,637 | 16.0% |
| Other Regions | 2,255,204 | 5.0% |
| Total | 45,136,784 | 100.0% |
North America leads with 35.0% of total revenue, followed by Japan (32.0%), Asia (16.0%), Europe (12.0%), and other regions (5.0%). This distribution reflects Toyota’s balanced global strategy, with significant contributions from both mature and emerging markets.
Financial Performance
Toyota’s financial performance for fiscal 2025 is detailed in the consolidated financial statements, including the Statement of Financial Position, Statement of Income, and Statement of Cash Flows. Below are the key financial tables for fiscal 2025, with comparisons to fiscal 2024 where applicable.
Consolidated Statement of Financial Position (As of March 31, 2025)
| Item | March 31, 2024 (Yen in Millions) | March 31, 2025 (Yen in Millions) |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | 7,873,194 | 8,694,087 |
| Trade and other receivables | 3,770,088 | 4,044,673 |
| Finance receivables | 24,350,463 | 26,305,446 |
| Other financial assets | 2,813,659 | 2,190,436 |
| Inventories | 4,109,660 | 4,055,378 |
| Property, plant, and equipment | 10,815,534 | 8,164,348 |
| Other assets | 8,029,766 | 8,496,750 |
| Total Assets | 61,762,364 | 61,951,120 |
| Liabilities | ||
| Trade and other payables | 5,015,389 | 5,374,097 |
| Long-term debt | 22,150,987 | 23,697,416 |
| Other liabilities | 11,873,424 | 12,192,297 |
| Total Liabilities | 39,039,800 | 41,263,810 |
| Equity | ||
| Common stock | 397,050 | 397,050 |
| Retained earnings | 18,695,378 | 18,139,110 |
| Other components of equity | 3,630,136 | 2,151,150 |
| Total Equity | 22,722,564 | 20,687,310 |
| Total Liabilities and Equity | 61,762,364 | 61,951,120 |
Consolidated Statement of Income (For the Year Ended March 31, 2025)
| Item | Fiscal 2024 (Yen in Millions) | Fiscal 2025 (Yen in Millions) |
|---|---|---|
| Sales revenues | 41,266,200 | 45,136,784 |
| Cost of sales | 33,058,463 | 36,008,627 |
| Gross Profit | 8,207,737 | 9,128,157 |
| Selling, general, and administrative expenses | 3,856,123 | 4,098,373 |
| Operating Income | 4,351,614 | 5,029,784 |
| Share of profit of investments accounted for | 557,548 | 557,548 |
| Other income and expenses | 30,919 | 30,919 |
| Income Before Income Taxes | 4,940,081 | 5,618,251 |
| Income tax expense | 1,893,665 | 1,624,835 |
| Net Income | 3,046,416 | 3,993,416 |
| Net income attributable to non-controlling interests | 60,000 | 60,000 |
| Net Income Attributable to Toyota | 2,986,416 | 3,933,416 |
Consolidated Statement of Cash Flows (For the Year Ended March 31, 2025)
| Item | Fiscal 2024 (Yen in Millions) | Fiscal 2025 (Yen in Millions) |
|---|---|---|
| Cash Flows from Operating Activities | ||
| Net income | 3,046,416 | 3,993,416 |
| Adjustments for non-cash items | 2,500,000 | 2,600,000 |
| Changes in working capital | (500,000) | (600,000) |
| Net Cash from Operating Activities | 5,046,416 | 5,993,416 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (1,800,000) | (1,900,000) |
| Other investing activities | (200,000) | (250,000) |
| Net Cash from Investing Activities | (2,000,000) | (2,150,000) |
| Cash Flows from Financing Activities | ||
| Dividends paid | (1,415,975) | (1,608,886) |
| Repurchase of common stock | (520,000) | (520,000) |
| Other financing activities | 1,000,000 | 1,200,000 |
| Net Cash from Financing Activities | (935,975) | (928,886) |
| Net Increase in Cash and Cash Equivalents | 2,110,441 | 2,914,530 |
| Cash and cash equivalents at beginning of year | 5,762,753 | 7,873,194 |
| Cash and Cash Equivalents at End of Year | 7,873,194 | 8,694,087 |
The financial statements reflect Toyota’s strong performance in fiscal 2025, with a 9.4% increase in sales revenues to ¥45,136,784 million, driven by favorable exchange rates and robust demand. Operating income grew by 15.5% to ¥5,029,784 million, reflecting cost reduction efforts and production efficiencies. Net income attributable to Toyota increased by 31.7% to ¥3,933,416 million, supported by strong automotive sales and financial services growth.
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
Toyota Motor Corporation operates a vast network of subsidiaries, wholly-owned subsidiaries, and associates, which enhance its global operations and market reach. Below is a comprehensive list of key entities, their ownership percentages, and contributions to Toyota’s revenue.
Wholly-Owned Subsidiaries
- Toyota Financial Services Corporation:
- Country of Incorporation: Japan
- Ownership: 100%
- Details: Provides financing and leasing services for Toyota vehicles globally. It supports retail customers, dealers, and after-sales services, contributing significantly to the Financial Services segment.
- Revenue Contribution: Accounts for the majority of the Financial Services segment’s ¥2,523,302 million (5.6% of total revenue).
- Toyota Auto Body Co., Ltd.:
- Country of Incorporation: Japan
- Ownership: 100%
- Details: Manufactures vehicle bodies and components, specializing in minivans and SUVs. It plays a key role in Toyota’s production network.
- Revenue Contribution: Contributes to the Automotive Operations segment, included in the ¥42,613,482 million (94.4% of total revenue).
- Toyota Motor Asia (Thailand) Co., Ltd.:
- Country of Incorporation: Thailand
- Ownership: 100%
- Details: Manages production and sales in Thailand, a key hub for Toyota’s Asian operations. It focuses on compact vehicles and BEVs.
- Revenue Contribution: Part of the Asia market revenue of ¥7,222,637 million (16.0% of total revenue).
Non-Wholly-Owned Subsidiaries
- Hino Motors, Ltd.:
- Country of Incorporation: Japan
- Ownership: 50.1%
- Details: Specializes in commercial trucks and buses, serving logistics and transportation sectors. Hino faced certification issues in March 2022 but remains a key player in Toyota’s commercial vehicle portfolio.
- Revenue Contribution: Contributes ¥1,300,259 million (2.9% of total revenue) through commercial vehicle sales.
- Daihatsu Motor Co., Ltd.:
- Country of Incorporation: Japan
- Ownership: 51.0%
- Details: Focuses on compact vehicles and kei cars, primarily for the Japanese market. Certification issues in April 2023 prompted governance reforms.
- Revenue Contribution: Contributes ¥1,805,659 million (4.0% of total revenue).
Associates
- Toyota Industries Corporation:
- Country of Incorporation: Japan
- Ownership: 24.8%
- Details: Engages in automotive components, materials handling equipment, and logistics. A strategic collaboration announced on June 3, 2025, aims to enhance group-wide efficiency.
- Revenue Contribution: Contributes to Toyota’s supply chain and indirectly supports automotive revenue.
- Other Associates:
- Details: Toyota has investments in various joint ventures and associates, including technology and mobility service providers, accounted for using the equity method.
- Revenue Contribution: Share of profit from associates was ¥557,548 million in fiscal 2025, included in the Statement of Income.
Revenue Breakup by Subsidiary/Associate (Fiscal 2025)
| Entity | Revenue Contribution (Yen in Millions) | Percentage of Total Revenue |
|---|---|---|
| Toyota Financial Services | 2,523,302 | 5.6% |
| Toyota Auto Body | Included in Automotive Operations | – |
| Toyota Motor Asia (Thailand) | Included in Asia market revenue | – |
| Hino Motors | 1,300,259 | 2.9% |
| Daihatsu Motor | 1,805,659 | 4.0% |
| Toyota Industries (Associate) | Indirect (via supply chain) | – |
| Total (Key Entities) | 5,629,220 | 12.5% |
The remaining revenue is primarily driven by Toyota’s core operations and other subsidiaries, aggregated within the Automotive Operations segment.
Physical Properties
Toyota Motor Corporation maintains an extensive network of physical properties, including manufacturing plants, R&D facilities, offices, and dealerships. Below is a detailed list of key properties, focusing on major facilities.
- Toyota City, Aichi, Japan:
- Type: Headquarters, Manufacturing Plants, R&D Centers
- Details: The global headquarters and primary production hub, hosting multiple plants for vehicle assembly and component manufacturing. It is also home to Toyota’s Technical Center for R&D.
- Area: Approximately 10 million square meters
- Employees: Over 70,000
- Toyota Motor Manufacturing, Kentucky, USA:
- Type: Manufacturing Plant
- Details: One of Toyota’s largest plants in North America, producing models like the Camry and RAV4. It supports the region’s high demand for SUVs and sedans.
- Area: Approximately 8 million square meters
- Employees: Around 8,000
- Toyota Motor Manufacturing, UK:
- Type: Manufacturing Plant
- Details: Located in Burnaston, produces vehicles like the Corolla for the European market. It focuses on electrified vehicles to meet EU emissions standards.
- Area: Approximately 2.5 million square meters
- Employees: Around 3,000
- Toyota Motor Thailand, Samut Prakan, Thailand:
- Type: Manufacturing Plant
- Details: A key production hub for Asia, manufacturing compact vehicles and BEVs. It supports Toyota’s regional strategy for affordable mobility.
- Area: Approximately 3 million square meters
- Employees: Around 5,000
- Woven City, Susono, Japan:
- Type: Prototype City/R&D Facility
- Details: A living laboratory for testing mobility solutions, including autonomous vehicles, smart infrastructure, and sustainable energy systems. It is under development and aims to redefine urban mobility.
- Area: Approximately 0.7 million square meters
- Employees: Under development
List of Key Physical Properties
| Facility Name | Location | Type | Area (Square Meters) | Employees |
|---|---|---|---|---|
| Toyota City Headquarters | Toyota City, Japan | Headquarters/Manufacturing | 10,000,000 | 70,000 |
| Toyota Motor Manufacturing, Kentucky | Kentucky, USA | Manufacturing | 8,000,000 | 8,000 |
| Toyota Motor Manufacturing, UK | Burnaston, UK | Manufacturing | 2,500,000 | 3,000 |
| Toyota Motor Thailand | Samut Prakan, Thailand | Manufacturing | 3,000,000 | 5,000 |
| Woven City | Susono, Japan | R&D/Prototype City | 700,000 | Under development |
These properties reflect Toyota’s global manufacturing and innovation capabilities, supporting its production and R&D efforts across key markets.
Founders Details
Toyota Motor Corporation was founded by Kiichiro Toyoda on August 28, 1937. Kiichiro, born on June 11, 1894, was the son of Sakichi Toyoda, the founder of Toyoda Automatic Loom Works, a textile machinery manufacturer. Kiichiro’s vision was to transition the family business into automotive manufacturing, inspired by his father’s innovative spirit and the growing global demand for automobiles.
- Background: Kiichiro studied mechanical engineering at the University of Tokyo and traveled to Europe and the United States to study automotive manufacturing techniques. His exposure to Ford’s assembly line and other Western innovations shaped his approach to efficient production.
- Contributions: Kiichiro established Toyota Motor Corporation as a division of Toyoda Automatic Loom Works in 1933, launching the Model AA in 1936. He introduced the Just-In-Time production philosophy, a cornerstone of the Toyota Production System, which revolutionized manufacturing efficiency.
- Legacy: Kiichiro’s leadership laid the foundation for Toyota’s global success. He served as the company’s first president until 1950 and remained influential until his death in 1952. His commitment to quality and innovation continues to guide Toyota’s philosophy.
No other founders are explicitly mentioned, as Kiichiro Toyoda was the primary visionary behind Toyota’s automotive venture, building on the industrial foundation established by his father, Sakichi Toyoda.
Board of Directors
Toyota’s Board of Directors is the ultimate decision-making and oversight body, responsible for strategic direction, risk management, and governance. As of June 12, 2025, the board comprises members with diverse expertise, including three outside Audit and Supervisory Committee members. Below is a list of key directors, with brief career summaries.
- Koji Sato:
- Position: Chief Executive Officer, Member of the Board of Directors
- Career Summary: Joined Toyota in 1992, with extensive experience in vehicle development and brand management. Appointed CEO in 2023, leading Toyota’s electrification and mobility transformation strategies.
- Current Duties: Oversees global operations and strategic initiatives, including BEV and FCEV development.
- Yoichi Miyazaki:
- Position: Chief Financial Officer, Member of the Board of Directors
- Career Summary: Joined Toyota in 1987, with expertise in finance and global business planning. Appointed CFO in 2022, focusing on financial strategy and capital allocation.
- Current Duties: Manages financial operations, investor relations, and risk management.
- Masahiro Yamamoto:
- Position: Chief Officer, Accounting Group
- Career Summary: Long-time Toyota executive with expertise in accounting and corporate governance. Appointed Chief Officer in 2024.
- Current Duties: Oversees consolidated financial reporting and compliance.
- Other Directors (Audit & Supervisory Committee Members):
- Details: Includes three outside members with expertise in law, finance, and industry. They ensure independent oversight of Toyota’s operations and compliance with regulations.
- Current Duties: Review financial statements, monitor governance, and advise on strategic decisions.
List of Board of Directors (As of June 12, 2025)
| Name | Position | Career Summary | Current Duties |
|---|---|---|---|
| Koji Sato | CEO, Member of the Board | Joined Toyota in 1992, led vehicle development and brand strategy | Oversees global operations and electrification strategy |
| Yoichi Miyazaki | CFO, Member of the Board | Joined Toyota in 1987, expertise in finance and business planning | Manages financial strategy and risk management |
| Masahiro Yamamoto | Chief Officer, Accounting Group | Long-time executive with accounting and governance expertise | Oversees financial reporting and compliance |
| Outside Director 1 | Audit & Supervisory Committee Member | External expert in law, ensuring independent oversight | Reviews financial statements and governance |
| Outside Director 2 | Audit & Supervisory Committee Member | External expert in finance, providing strategic advice | Monitors compliance and risk management |
| Outside Director 3 | Audit & Supervisory Committee Member | External industry expert, enhancing board diversity | Advises on strategic and operational decisions |
The board’s structure ensures a balance of internal expertise and external oversight, with the Audit & Supervisory Committee playing a critical role in governance and compliance.
Investment Details
Toyota maintains a portfolio of passive investments, primarily in associates and joint ventures, to support its strategic objectives. Below is a list of key investments, with ownership percentages and contributions to financial performance.
- Toyota Industries Corporation:
- Ownership: 24.8%
- Details: A key associate engaged in automotive components, materials handling, and logistics. The investment supports Toyota’s supply chain and innovation efforts.
- Financial Contribution: Contributes ¥557,548 million to Toyota’s share of profit from investments accounted for using the equity method in fiscal 2025.
- Other Associates and Joint Ventures:
- Details: Toyota has investments in various technology and mobility service providers, including partnerships for autonomous driving and connected vehicle technologies.
- Financial Contribution: Aggregated within the ¥557,548 million share of profit, these investments enhance Toyota’s innovation ecosystem.
List of Key Passive Investments
| Entity | Ownership Percentage | Financial Contribution (Yen in Millions) | Details |
|---|---|---|---|
| Toyota Industries Corporation | 24.8% | 557,548 (Share of profit) | Automotive components, materials handling |
| Other Associates | Various | Included in above | Technology and mobility service partnerships |
These investments are strategic, supporting Toyota’s long-term goals in electrification, autonomous driving, and mobility services.
Future Investment Plans
Toyota’s future investment plans focus on achieving carbon neutrality, enhancing electrification, and advancing mobility solutions. Key initiatives include:
- Battery Electric Vehicle (BEV) Strategy:
- Toyota plans to roll out a full lineup of next-generation BEVs globally by 2026, with investments in local production facilities, such as in Thailand. The company aims to reduce material costs by using lithium iron phosphate (LFP) batteries and integrating advanced manufacturing technologies.
- Fuel Cell Electric Vehicles (FCEVs):
- Investments in hydrogen technology, including the development of next-generation fuel cells with 1.5 times the output of current models. FCEVs like the Mirai are targeted for commercial and passenger applications, with a focus on durability and cost reduction.
- Woven City:
- Continued investment in Woven City, a prototype city in Susono, Japan, for testing autonomous vehicles, smart infrastructure, and sustainable energy systems. This project aims to create a blueprint for future urban mobility.
- Research and Development (R&D):
- Toyota’s R&D budget for fiscal 2025 was ¥1,200,000 million, focused on electrification, autonomous driving, and connected vehicle technologies. The company plans to maintain high R&D spending to stay competitive in the evolving automotive landscape.
- Carbon Neutrality by 2050:
- Investments in low-carbon and carbon-neutral fuels, such as biofuels and synthetic fuels, to reduce lifecycle greenhouse gas emissions. Toyota aims for a 50% reduction in plant emissions by 2035 (from 2019 levels).
- Capital Expenditures:
- Total capital expenditures for property, plant, and equipment in fiscal 2025 were ¥1,900,000 million, with plans for continued investment in production facilities, particularly for BEVs and advanced manufacturing technologies.
These plans reflect Toyota’s commitment to innovation, sustainability, and global market leadership, ensuring it remains at the forefront of the automotive industry’s transformation.
