ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Non-Energy Minerals

Toyota Tsusho Corp.

Business Summary

Toyota Tsusho Corp. engages in the domestic trade, import, and export of various products, foreign government trading, contracted construction, and insurance agency services. It operates through the following segments: Metals, Global Production Parts & Logistics, Automotive, Machinery, Energy & Project, Chemicals & Electronics, Food & Consumer Products, Africa, and Others. The Metals segment manufactures, processes, sells, and disposes ordinary & special steel products, non-ferrous & precious metals, copper & copper alloy products, rare earth materials, and new metals. The Global Production Parts & Logistics segment ensures stable supply of automotive parts and utilizes integrated logistics services. The Automotive segment sells and provides services for passenger, commercial, light, and two-wheeled vehicles, trucks & buses, and automotive parts. The Machinery, Energy & Project segment handles various machinery & equipment, industrial vehicles, and construction machinery; as well as provides basic energy resources such as petroleum, c oal, and natural gas. The Chemicals & Electronics segment offers automotive components, semiconductors, electronic parts, module products, and automotive integration software. The Food & Consumer Products segment manufactures, processes, and sells livestock feeds, grains, processed food products, food ingredients, agricultural, marine, livestock, and alcoholic beverages. The Africa segment deals with the Africa automobile, healthcare, and consumer finance and retail businesses; as well as electricity infrastructure, agriculture, and information & communications technology (ICT). The Others segment includes functional services to provide operational support to the whole group. It also provides the services related to insurance & securities, textile products & apparel, nursing & medical-related products, office furniture, construction & housing materials, hospitals, and hotel residences. The company was founded on July 1, 1948 and is headquartered in Nagoya, Japan.

Financial Highlights

Mar 2022 JPYUSD
Gross Profit706,710M6,288.98M
Operating income311,115M2,768.60M
Income before tax309,446M2,753.74M
Net income222,236M1,977.66M
Diluted EPS631.625.62
Dividends Per Share1601.42
Total Assets6,143.12B50,612.77M
Total liabilities4,200.26B34,605.65M
Total equity1,735.01B14,294.64M
Operating cash flow50,137M446.16M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 6,491.03B 6,762.70B 6,694.07B 6,309.30B 8,028.00B
Gross Profit 569,888M 603,917M 585,503M 554,878M 706,710M
Operating income 192,240M 217,772M 204,895M 205,997M 311,115M
Income before tax 209,749M 229,193M 224,801M 213,902M 309,446M
Net income 130,228M 132,623M 135,552M 134,603M 222,236M
EBITDA 272,432M 293,777M 308,453M 310,346M 422,000M
Diluted EPS 370.08 376.89 385.24 382.56 631.62
Dividends Per Share 94 100 110 112 160
Total Assets 4,310.04B 4,441.46B 4,545.21B 5,228.00B 6,143.12B
Total liabilities 2,947.85B 3,051.84B 3,172.71B 3,569.98B 4,200.26B
Total equity 1,174.71B 1,195.82B 1,196.63B 1,469.65B 1,735.01B
Operating cash flow 215,098M 210,796M 267,809M 245,055M 50,137M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 58,566.21M 60,983.11M 61,568.39M 59,489.50M 71,440.85M
Gross Profit 5,141.88M 5,445.86M 5,385.13M 5,231.86M 6,288.98M
Operating income 1,734.51M 1,963.77M 1,884.51M 1,942.31M 2,768.60M
Income before tax 1,892.48M 2,066.76M 2,067.59M 2,016.85M 2,753.74M
Net income 1,174.99M 1,195.93M 1,246.73M 1,269.15M 1,977.66M
EBITDA 2,458.05M 2,649.15M 2,836.98M 2,926.20M 3,755.36M
Diluted EPS 3.33 3.39 3.54 3.60 5.62
Dividends Per Share 0.84 0.90 1.01 1.05 1.42
Total Assets 40,526.95M 40,127.06M 42,102.81M 47,312.25M 50,612.77M
Total liabilities 27,718.39M 27,572.34M 29,389.23M 32,307.55M 34,605.65M
Total equity 11,045.77M 10,803.87M 11,084.57M 13,300.06M 14,294.64M
Operating cash flow 1,940.74M 1,900.86M 2,463.16M 2,310.58M 446.16M

Valuation Measures

Mar 2022
Operating margin3.87%
Profit margin2.76%

Key executives

  • President, CEO & Representative Director: Ichiro Kashitani
  • Chief Financial Officer & Representative Director: Hideyuki Iwamoto
  • Executive Officer: Yasuhiro Kakihara
  • Executive Officer: Haruyuki Hattori
  • Executive Officer: Masaharu Katayama


  • Toyota Motor Corp. (21.5%)
  • Toyota Industries Corp. (11.1%)
  • Nomura Asset Management Co., Ltd. (5.2%)
  • Mitsubishi UFJ Financial Group, Inc. (2.2%)
  • Nikko Asset Management Co., Ltd. (2.1%)
  • Daiwa Asset Management Co. Ltd. (2.0%)
  • The Vanguard Group, Inc. (1.6%)
  • MS&AD Insurance Group Holdings, Inc. (1.6%)
  • Sumitomo Mitsui Financial Group, Inc. (1.2%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.1%)

Contact Details

Related Companies

  • PT TTL Residences
  • PT Toyota Tsusho Real Estate Cikarang
  • Tuna Dream Okinawa Corp.
  • Tuna Dream Goto Corp.
  • Toyotsu Grain Holdings Co. Ltd.
  • Toyota Tsusho Facilities Corp.
  • Toyota Tsusho All Life Corp.
  • TB Unifashion Corp.
  • Higashi-Nada Tomen Grain Silo Co., Ltd.
  • TY Optics Mexico SA de CV
  • TY Optics (Thailand) Co. Ltd.
  • Toyota Tsusho Mobility Informatics Pte Ltd.
  • PT Toyots Tsusho Systems Indonesia
  • TY Optics Corp.
  • Tianjin Toyotsu M&E Tianjin Co. Ltd.
  • Ehime Forest Generation LLC
  • Toyotsu Tec Corp.
  • Shimane Forest Generation LLC
  • Toyota Laos Co. Ltd.
  • Thai Hino Ayutthaya Co. Ltd.
  • Toyotsu Automotive Consulting Service Ltd.
  • TTH Automotive Guanajuato S de RL de CV
  • OHTLI Logistics S de RL de CV
  • Toyotsu Safety & Automotive Components (Vietnam) Co. Ltd.
  • Techno Park Poi Pet Pvt Co. Ltd.
  • TT Green Metals Mexico SA de CV
  • Toyotsu Smelting Technology Mexico SA de CV
  • TT Automotive Steel (Thailand) Co. Ltd.
  • TT Prosteel (Thailand) Co. Ltd.
  • Toyotsu Hitetsu Center Co. Ltd.


  • Russel Metals Inc.
  • WPG Holding Co Ltd
  • Sociedad Quimica y Minera de Chile SA Pfd Series B
  • S.A.S. Dragon Holdings Limited
  • HMT (Xiamen) New Technical Materials Co Ltd Class A
Last Updated on 28 Nov, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more