Global InformationToyota information
 | This article relies excessively on references to primary sources. (December 2023) |
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 Headquarters in Toyota, Japan | |
Native name | トヨタ自動車株式会社 |
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Romanized name | Toyota Jidōsha kabushikigaisha |
| Company type | Public |
Traded as |
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| ISIN | JP3633400001 |
| Industry | Automotive |
| Founded | August 28, 1937 |
| Founder | Kiichiro Toyoda |
| Headquarters | 1 Toyota-chō, Toyota City, Aichi , Japan |
Area served | Worldwide |
Key people |
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| Products | Automobiles |
Production output |
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| Services | Banking, financing, leasing |
| Revenue |
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Operating income |  ¥2,197,748 million (FY21) |
Net income |  ¥2,282,378 million (FY21) |
| Total assets |
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| Total equity | ¥24,288,329 million (FY21) |
| Owner | Toyota Group through cross ownership:
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Number of employees | 375,235 (FY23) |
| Divisions |
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| Subsidiaries |
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| Website | global |
| Footnotes / references Fiscal Year 2021 (FY21) is April 1, 2020, to March 31, 2021.[1] References:[2][3] | |
Toyota Motor Corporation (Japanese: トヨタ自動車株式会社, Hepburn: Toyota Jidōsha kabushikigaisha, IPA: [toꜜjota], English: /tɔɪˈjoʊtə/, commonly known as simply Toyota) is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the largest automobile manufacturer in the world, producing about 10 million vehicles per year.
The company was originally founded as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. While still a department of Toyota Industries, the company developed its first product, the Type A engine, in 1934 and its first passenger car in 1936, the Toyota AA.
After World War II, Toyota benefited from Japan's alliance with the United States to learn from American automakers and other companies, which gave rise to The Toyota Way (a management philosophy) and the Toyota Production System (a lean manufacturing practice) that transformed the small company into a leader in the industry and was the subject of many academic studies.
In the 1960s, Toyota took advantage of the rapidly growing Japanese economy to sell cars to a growing middle-class, leading to the development of the Toyota Corolla, which became the world's all-time best-selling automobile. The booming economy also funded an international expansion that allowed Toyota to grow into one of the largest automakers in the world, the largest company in Japan and the ninth-largest company in the world by revenue, as of December 2020[update]. Toyota was the world's first automobile manufacturer to produce more than 10 million vehicles per year, a record set in 2012, when it also reported the production of its 200 millionth vehicle. By September 2023, total production reached 300 million vehicles.[4]
Toyota was praised for being a leader in the development and sales of more fuel-efficient hybrid electric vehicles, starting with the introduction of the original Toyota Prius in 1997. The company now sells more than 40 hybrid vehicle models around the world. More recently, the company has also been criticized for being slow to adopt all-electric vehicles, instead focusing on the development of hydrogen fuel cell vehicles, like the Toyota Mirai, a technology that is much costlier and has fallen far behind electric batteries in terms of adoption.
As of 2024[update], the Toyota Motor Corporation produces vehicles under four brands: Daihatsu, Hino, Lexus and the namesake Toyota. The company also holds a 20% stake in Subaru Corporation, a 5.1% stake in Mazda, a 4.9% stake in Suzuki, a 4.6% stake in Isuzu, a 3.8% stake in Yamaha Motor Corporation, and a 2.8% stake in Panasonic, as well as stakes in vehicle manufacturing joint-ventures in China (FAW Toyota and GAC Toyota), the Czech Republic (TPCA), India (Toyota Kirloskar) and the United States (MTMUS).
Toyota is listed on the London Stock Exchange, Nagoya Stock Exchange, New York Stock Exchange and on the Tokyo Stock Exchange, where its stock is a component of the Nikkei 225 and TOPIX Core30 indices.
- ^ "Integrated Report 2023" (PDF). Toyota Global Newsroom. Retrieved March 27, 2024.
- ^ "Toyota Global Sales and Production Secures 90 Percent Level Year-on-Year in FY2021" (Press release). Japan: Toyota Motor Corporation. April 28, 2021. Retrieved April 28, 2021.
- ^ "Toyota Annual Report 2021" (PDF). Toyota Motor Corporation. May 12, 2021. Archived (PDF) from the original on May 27, 2020. Retrieved May 12, 2021.
- ^ "Toyota Reaches Global Production of 300 Million Cars" (Press release). Toyota. November 6, 2023. Retrieved November 11, 2023.