Toyota City, Japan, December 21, 2017―Toyota Motor Corporation (Toyota) announces its decision to merge subsidiaries Toyota Technocraft Co., Ltd. (Technocraft), J-TACS Corporation (J-TACS), and Toyota Modellista International Corporation (Modellista) to establish a new company on April 1, 2018.

Toyota believes that it is important to provide services that meet customers' increasingly diversified needs, as demands on car manufacturers also increase, not only for creating vehicles, but also in the field of customization.

The three aforementioned companies operate in overlapping fields and have thus far cooperated with each other to help Toyota expand its business. However, amidst intensifying global competition, the new company, as a core company of the conversion and accessories business for the Toyota Group, is required in order to make further improvements in all areas, including planning, development, production, and sales, and to expand business globally by providing attractive products.

This integration will bring together the expertise of the three companies and leverage their management resources comprehensively and efficiently to respond to customer needs through the development of product diversification, utilizing the agility of the conversion and accessories business. Furthermore, Toyota believes that strengthening the development support system that supports its motor sport activities can contribute to Toyota's aim of making ever-better cars.

Specific initiatives of the new company include:

  1. Further strengthening product development capability and cost competitiveness in the conversion and accessories field, in response to diversifying customer needs
  2. Expanding and strengthening the conversion and accessories business globally
  3. Strengthening the support structure for motor sports and providing attractive parts
  4. Improving efficiency in all divisions including planning, development, production, sales, and administration

An overview of the new company and the merging companies is provided below.

  1. Overview of the new company
  1. Company name
Expected to be announced in January 2018
  1. Business activities
Parts and modifications, conversion, motor sport business development, and business consignment work from Toyota
  1. Headquarters
800 Morookacho, Kohoku-ku, Yokohama-shi, Kanagawa Prefecture
  1. Expected date of establishment
April 2018
  1. Representative
President Kazuya Inagaki
  1. Capital
1.7 billion yen
  1. Employees
  1. Overview of the merging companies
(as of March 31, 2017)
  1. Company name
Toyota Technocraft Co., Ltd. J-TACS Corporation Toyota Modellista International Corporation
  1. Business activities
Planning, development, and sales of parts for customized vehicles and Toyota Racing Development (TRD), development consignment work from Toyota Planning, development, manufacturing, and sales of parts for modification and conversion for Japanese vehicles for export Planning, development, and sales of parts for Modellista
  1. Date of establishment
June 1954 January 2001 April 1997
  1. Headquarters
4-8-3 Shibaura, Minato-ku, Tokyo 4-6-17 Meieki, Nakamura-ku, Nagoya-shi, Aichi Prefecture 1-18-1 Chofugaoka, Chofu-shi, Tokyo (relocated in November 2017)
  1. Representative
President Kazuya Inagaki President Takashi Sakai President Yutaka Izawa
  1. Capital
1.7 billion yen 90 million yen 100 million yen
  1. Employees
750 225 124
  1. Major shareholders and equity ratio
Toyota Motor Corporation 100%
  1. Toyota Motor Corporation
  1. Toyota Motor Corporation
  1. Toyota Tsusho Corporation
  1. Toyota Technocraft Co., Ltd.
Technocraft's Service Business Division is scheduled to be transferred to Toyota Tokyo Sales Holdings Inc. following its split from the company on the same date (April 1, 2018).