Dec. 21, 2017
Toyota to Establish New Conversion and Accessories CompanyAiming to integrate three companies operating in parts and accessories to strengthen business globally
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:
- Further strengthening product development capability and cost competitiveness in the conversion and accessories field, in response to diversifying customer needs
- Expanding and strengthening the conversion and accessories business globally
- Strengthening the support structure for motor sports and providing attractive parts
- 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.
- Overview of the new company
|
Expected to be announced in January 2018 |
---|---|
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Parts and modifications, conversion, motor sport business development, and business consignment work from Toyota |
|
800 Morookacho, Kohoku-ku, Yokohama-shi, Kanagawa Prefecture |
|
April 2018 |
|
President Kazuya Inagaki |
|
1.7 billion yen |
|
1,040 |
- Overview of the merging companies
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Toyota Technocraft Co., Ltd. | J-TACS Corporation | Toyota Modellista International Corporation | |||
---|---|---|---|---|---|---|
|
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 | |||
|
June 1954 | January 2001 | April 1997 | |||
|
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) | |||
|
President Kazuya Inagaki | President Takashi Sakai | President Yutaka Izawa | |||
|
1.7 billion yen | 90 million yen | 100 million yen | |||
|
750 | 225 | 124 | |||
|
Toyota Motor Corporation | 100% |
|
83.33% |
|
85% |
|
16.67% |
|
15% |
- Note
- 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).