Toyota Motor Corporation (Toyota) announced today its decision to sell a portion of its shareholdings in AISIN CORPORATION (AISIN). This move marks a continuation of Toyota’s strategic initiative to revise capital ties within the Toyota Group, a process that began last year aimed at fostering growth and innovation.
Since 2016, Toyota has been reconfiguring its business operations from a “home & away” perspective, seeking to bring joy and satisfaction to people worldwide through enhanced mobility solutions. As part of these efforts, Toyota has engaged in extensive discussions with AISIN, DENSO CORPORATION (DENSO), and Toyota Industries Corporation. Following last year’s sale of shares in DENSO, the decision to sell a portion of shares in AISIN has been made to further optimize capital efficiency and drive growth within the Group.
The funds generated from this sale will be strategically reinvested by Toyota into key growth areas, including electrification, intelligence, and diversification initiatives. This is expected to bolster the Group’s overall capital efficiency while maintaining strong capital ties that have historically underpinned their robust relationship. AISIN, leveraging its extensive range of hardware and software products, along with its manufacturing prowess, will continue to play a crucial role in enhancing the Toyota Group’s competitiveness.
In addition, Toyota plans to individually review its capital relationships with other group companies, considering factors such as human resources, operations, culture, and business dynamics. This thorough examination aims to explore opportunities for further strengthening the Group’s competitiveness.
As Toyota shapes its optimal formation as a leading mobility company, it remains committed to maintaining and enhancing its competitive edge, working collaboratively within the Group to achieve sustained growth and innovation.
