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Toyota suppliers signal ambition in agriculture and health care

Parts makers incorporate diversification strategies in AGM proposals

Denso's arm-type robot recognizes and cuts out only ripe red tomatoes. (Photo courtesy of Denso)

TOKYO -- Several major auto parts suppliers, in particular listed subsidiaries of Japan's Toyota Motor group, have slipped new ambitions into proposals for their upcoming annual general meetings, with plans to diversify their businesses into sectors including agriculture and health care.

Diversification strategies have always been a concern for the management of parts makers in the turbulent automotive industry. The companies will meet shareholders in June to convince them that they are prepared to move beyond a sole reliance on automobiles.

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