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==Corporate affairs== [[File:Headquarter of Toyota Motor Corporation 4.JPG|thumb|Principal headquarters building of Toyota]] Toyota is headquartered in the city of [[Toyota, Aichi|Toyota]],<ref name="Toyotaprofile">{{Cite web |date=March 31, 2014 |title=Overview |url=http://www.toyota-global.com/company/profile/overview/ |url-status=live |archive-url=https://web.archive.org/web/20150213041727/http://www.toyota-global.com/company/profile/overview/ |archive-date=February 13, 2015 |access-date=February 6, 2015 |website=Global website |publisher=Toyota Motor Corporation}}</ref><ref name="toyota-cheating-2024">{{Cite web |date=June 3, 2024 |title=Toyota apologizes for cheating on vehicle testing and halts production of three models |url=https://apnews.com/article/toyota-certification-cheating-japan-automakers-scandal-26585a96df2a32f7d67a4011a0a98772|access-date=June 3, 2024 |website=AP News |publisher=Associated Press}}</ref> which was named Koromo until 1951, when it changed its name to match the automaker. Toyota City is located in the [[Aichi Prefecture]] of Japan. The main headquarters of Toyota is located in a four-story building that has been described as "modest".<ref name="Jacob">{{Cite news |last=Jacob |first=Vinod |date=August 18, 2006 |title=In Toyota land |work=[[The Hindu]] – [[Business Line]] |url=http://www.thehindubusinessline.com/life/2006/08/18/stories/2006081800020200.htm |url-status=dead |access-date=May 9, 2013 |archive-url=https://web.archive.org/web/20100721173402/http://www.thehindubusinessline.com/life/2006/08/18/stories/2006081800020200.htm |archive-date=July 21, 2010}}</ref> In 2013, company CEO Akio Toyoda reported that it had difficulties retaining foreign employees at the headquarters due to the lack of amenities in the city.<ref>{{Cite news |last=Greimel |first=Hans |date=May 6, 2013 |title=Dreary HQ city is a handicap in global glitz plan |work=[[Automotive News]] |url=http://www.autonews.com/apps/pbcs.dll/article?AID=/20130506/GLOBAL02/305069976/dreary-hq-city-is-a-handicap-in-global-glitz-plan#axzz2SrMwuTWn |url-status=dead |access-date=May 9, 2013 |archive-url=https://archive.today/20130616011434/http://www.autonews.com/apps/pbcs.dll/article?AID=/20130506/GLOBAL02/305069976/dreary-hq-city-is-a-handicap-in-global-glitz-plan%23axzz2SrMwuTWn |archive-date=June 16, 2013}}</ref> Surrounding the headquarters are the 14-story Toyota Technical Center and the Honsha plant (which was established in 1938). Toyota and its Toyota Group affiliates operate a total of 17 manufacturing facilities in Aichi Prefecture and a total of 32 plants in Japan. Toyota also operates offices in [[Bunkyo, Tokyo]], and [[Nakamura-ku, Nagoya]].<ref name="Toyotaprofile" />{{primary source inline|date=December 2023}} {{clear}} === Financial performance === {| class="wikitable floatright" |+Sales by region (2024)<ref>{{Cite web |title=Toyota Motor Corporation: Business Segments and Geographical Breakdown of Revenue |url=https://www.marketscreener.com/quote/stock/TOYOTA-MOTOR-CORPORATION-6492484/finances-segments/#geography |access-date=2025-05-08 |website=www.marketscreener.com |language=en-US}}</ref> !Region !Share |- |Japan |36.4% |- |North America |31.1% |- |Asia |15.1% |- |Europe |9.8% |- |Other |7.6% |} {{as of|2024}}, Toyota was the world's largest car company with revenues exceeding US$400 billions. For the fiscal year 2024, Toyota reported earnings of [[Japanese yen|¥]]4.9 trillion, with an annual revenue of [[Japanese yen|¥]]45.1 trillion, an increase of 21.4% over the previous fiscal cycle, largely due to foreign exchange rate effects, as Toyota generates most of its sales abroad.<ref>{{Cite web |last=CORPORATION |first=TOYOTA MOTOR |title=Archives {{!}} Integrated Report {{!}} Investors Library {{!}} Shareholders & Investors News |url=https://global.toyota/en/ir/library/annual/archives/ |access-date=2025-05-08 |website=Toyota Motor Corporation Official Global Website |language=en}}</ref> {| class="wikitable float-left" style="text-align: right;" !Year !Net Revenue !Net income !Total assets !Vehicle sales<br />(millions) !Employees |- |2008 |[[Japanese yen|¥]]26.3 trillion |[[Japanese yen|¥]]1.7 trillion |[[Japanese yen|¥]]32.4 trillion |8.9 | |- |2009 |[[Japanese yen|¥]]20.5 trillion |([[Japanese yen|¥]]0.4 trillion) |[[Japanese yen|¥]]29.1 trillion |7.6 | |- |2010 |[[Japanese yen|¥]]19.0 trillion |[[Japanese yen|¥]]0.2 trillion |[[Japanese yen|¥]]30.3 trillion |7.2 | |- |2011 |[[Japanese yen|¥]]19.0 trillion |[[Japanese yen|¥]]0.4 trillion |[[Japanese yen|¥]]29.8 trillion |7.3 | |- |2012 |[[Japanese yen|¥]]18.6 trillion |[[Japanese yen|¥]]0.3 trillion |[[Japanese yen|¥]]30.7 trillion |7.4 | |- |2013 |[[Japanese yen|¥]]22.1 trillion |[[Japanese yen|¥]]1.0 trillion |[[Japanese yen|¥]]35.5 trillion |8.9 | |- |2014 |[[Japanese yen|¥]]25.7 trillion |[[Japanese yen|¥]]1.8 trillion |[[Japanese yen|¥]]41.4 trillion |9.1 | |- |2015 |[[Japanese yen|¥]]27.2 trillion |[[Japanese yen|¥]]2.2 trillion |[[Japanese yen|¥]]47.7 trillion |9.0 | |- |2016 |[[Japanese yen|¥]]28.4 trillion |[[Japanese yen|¥]]2.3 trillion |[[Japanese yen|¥]]47.4 trillion |8.7 | |- |2017 |[[Japanese yen|¥]]27.6 trillion |[[Japanese yen|¥]]1.8 trillion |[[Japanese yen|¥]]48.8 trillion |9.0 | |- |2018 |[[Japanese yen|¥]]29.4 trillion |[[Japanese yen|¥]]2.5 trillion |[[Japanese yen|¥]]50.3 trillion |9.0 |369,124 |- |2019 |[[Japanese yen|¥]]30.2 trillion |[[Japanese yen|¥]]1.9 trillion |[[Japanese yen|¥]]51.9 trillion |9.0 |370,870 |- |2020 |[[Japanese yen|¥]]29.2 trillion |[[Japanese yen|¥]]2.1 trillion |[[Japanese yen|¥]]52.7 trillion |9.0 |359,542 |- |2021 |[[Japanese yen|¥]]27.2 trillion |[[Japanese yen|¥]]2.2 trillion |[[Japanese yen|¥]]62.3 trillion |7.6 |366,283 |- |2022 |[[Japanese yen|¥]]31.4 trillion |[[Japanese yen|¥]]2.9 trillion |[[Japanese yen|¥]]67.7 trillion |8.2 |372,817 |- |2023 |[[Japanese yen|¥]]37.2 trillion |[[Japanese yen|¥]]2.5 trillion |[[Japanese yen|¥]]74.3 trillion |8.8 |375,235 |- |2024 |[[Japanese yen|¥]]45.1 trillion |[[Japanese yen|¥]]4.9 trillion |[[Japanese yen|¥]]90.1 trillion |8.7 |380,793 |} === Largest shareholders === In March 2023, 13.93% of Toyotas shares were held by individual investors, 39.04% of shares were owned by financial institutions and brokerages, 25.2% of shares were owned by other corporate entities and the remaining 21.83% were owned by foreign corporate entities and others. The largest shareholders in 2023 were:<ref>[https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_TM_2023.pdf Toyota Annual Report 2023] p. 105</ref> * [[The Master Trust Bank of Japan]] (14.05%) * [[Toyota Industries Corporation]] (8.79%) * [[Custody Bank of Japan]] (6.70%) * [[Nippon Life Insurance]] (4.67%) * [[JPMorgan Chase]] (3.94%) * [[Denso|Denso Corporation]] (3.31%) * [[State Street Bank and Trust Company]] (2.47%) * [[The Bank of New York|The Bank of New York Mellon]] (2.15%) * [[Mitsui Sumitomo Insurance Group|Mitsui Sumitomo Insurance]] (2.09%) * [[Tokio Marine Nichido]] (1.88%) === Worldwide presence === {{See also|List of Toyota manufacturing facilities}} {| class="wikitable" style="float:right;" ! colspan="3" style="text-align:center; background:#abcdef;" |Top 10 Toyota and Lexus vehicle sales<br />by country, 2024<ref name="Toyota Motor Corporation Official Global Website">{{Cite web |title=Sales, Production, and Export Results {{!}} Profile {{!}} Company |url=https://global.toyota/en/company/profile/production-sales-figures/index.html |access-date=May 12, 2024 |website=Toyota Motor Corporation Official Global Website |language=en}}</ref> |- !Rank<br />in Toyota !Location !Vehicle<br />sales |- !1 |{{Flag|United States}} | style="text-align:right;" |2,332,623 |- !2 |{{Flag|China}} | style="text-align:right;" |1,775,995 |- !3 |{{Flag|Japan}} | style="text-align:right;" |1,441,842 |- !4 |{{Flag|GCC}} | style="text-align:right;" |452,769 |- !5 |{{Flag|India}} | style="text-align:right;" |300,212 |- !6 |{{Flag|Indonesia}} | style="text-align:right;" |296,546 |- !7 |{{Flag|Australia}} | style="text-align:right;" |254,935 |- !8 |{{Flag|Canada}} | style="text-align:right;" |238,933 |- !9 |{{Flag|Thailand}} | style="text-align:right;" |220,356 |- !10 |{{Flag|Philippines}} | style="text-align:right;" |218,019 |} Outside of Japan, as one of [[List of manufacturers by motor vehicle production|the world's largest automotive manufacturer by production volume]], Toyota [[List of Toyota manufacturing facilities|has factories]] in most parts of the world. The company assembles vehicles in Argentina, Belgium, Brazil, Canada, Colombia, the Czech Republic, France, Indonesia, Mexico, the Philippines, Poland, Russia, South Africa, Thailand, Turkey, the United Kingdom, the United States, and Venezuela. Additionally, the company also has joint venture, licensed, or contract factories in China, France, India, Malaysia, Pakistan, Taiwan, the United States, and Vietnam. ==== North America ==== {{Main|Toyota Motor North America}} [[File:2018 Toyota Camry (ASV70R) Ascent sedan (2018-08-27) 01.jpg|thumbnail|The [[Toyota Camry]] is assembled in several facilities around the world including Australia, China, Taiwan, Japan, Malaysia, the Philippines, Russia, Thailand, India, Vietnam, and the United States.]] Toyota Motor North America is headquartered in [[Plano, Texas]], and operates as a [[holding company]] for all operations of the Toyota Motor Corporation in Canada, Mexico, and the United States. Toyota's operations in North America began on October 31, 1957, and the current company was established in 2017 from the consolidation of three companies: Toyota Motor North America, Inc., which controlled Toyota's corporate functions; [[Toyota Motor Sales, U.S.A., Inc.]] which handled marketing, sales, and distribution in the United States; and [[Toyota Motor Engineering & Manufacturing North America]] which oversaw operations at all assembly plants in the region. While all three companies continue to exist in legal name, they operate as one company out of one headquarters campus. Toyota has a large presence in the United States with six major assembly plants in [[Huntsville, Alabama]], [[Georgetown, Kentucky]], [[Princeton, Indiana]], [[San Antonio, Texas]], [[Buffalo, West Virginia]], and [[Blue Springs, Mississippi]]. In 2018, Toyota and Mazda announced a joint venture plant that will produce vehicles in Huntsville, Alabama, starting in 2021.<ref>{{Cite press release |title=Mazda and Toyota Establish Joint-Venture Company "Mazda Toyota Manufacturing, U.S.A., Inc." |url=https://newsroom.mazda.com/en/publicity/release/2018/201803/180309a.html |access-date=November 26, 2020 |publisher=Mazda}}</ref>{{primary source inline|date=December 2023}} It has started producing larger trucks, such as the new Tundra, to go after the [[full-size pickup]] market in the United States. Toyota is also pushing [[hybrid electric vehicle]] in the US such as the Prius, Camry Hybrid, Highlander Hybrid, and various Lexus products. Toyota never introduced diesel motor options in its North American products, including pickup trucks.<ref>{{Cite web |title=Is Toyota planning on introducing a diesel-powered vehicle? |url=http://www.toyota.com/support/#!/app/answers/detail/a_id/7807 |url-status=live |archive-url=https://web.archive.org/web/20131014155552/http://www.toyota.com/support/#!/app/answers/detail/a_id/7807 |archive-date=October 14, 2013 |access-date=October 12, 2013 |website=Toyota.com}}</ref>{{primary source inline|date=December 2023}} [[Toyota Canada Inc.]], which is part of Toyota Motor North America, handles marketing, sales, and distribution in Canada. [[Toyota Motor Manufacturing Canada]] operates three assembly plants: two in [[Cambridge, Ontario]] and one in [[Woodstock, Ontario]].<ref>{{Cite web |date=December 4, 2008 |title=Toyota's Woodstock plant opens |url=http://www.canadiandriver.com/forum/index.php?topic=60229 |url-status=live |archive-url=https://web.archive.org/web/20090125115900/http://www.canadiandriver.com/forum/index.php?topic=60229 |archive-date=January 25, 2009 |access-date=July 25, 2009 |publisher=Canadiandriver.com}}</ref> In 2006, Toyota's subsidiary [[Hino Motors]] opened a heavy duty truck plant, also in Woodstock, employing 45 people and producing 2,000 trucks annually.<ref>{{Cite web|url=http://www.hinocanada.com/index-1.html|archiveurl=https://web.archive.org/web/20090104155332/http://www.hinocanada.com/index-1.html|url-status=dead|title=Hinocanada.com|archivedate=January 4, 2009}}</ref> ====Europe/Western Asia==== {{primary|section|date=December 2023}} {{Main|Toyota Motor Europe}} {| class="wikitable" style="float:right;" ! colspan="3" style="text-align:center; background:#abcdef;" |Top 10 Toyota and Lexus vehicle production<br />by country, 2024<ref name="Toyota Motor Corporation Official Global Website" /> |- !Rank<br />in Toyota !Location !Vehicle<br />production |- !1 |{{Flag|Japan}} | style="text-align:right;" |3,128,351 |- !2 |{{Flag|China}} | style="text-align:right;" |1,508,238 |- !3 |{{Flag|United States}} | style="text-align:right;" |1,270,206 |- !4 |{{Flag|Thailand}} | style="text-align:right;" |536,158 |- !5 |{{Flag|Canada}} | style="text-align:right;" |533,587 |- !6 |{{Flag|India}} | style="text-align:right;" |388,582 |- !7 |{{Flag|France}} | style="text-align:right;" |279,602 |- !8 |{{Flag|Indonesia}} | style="text-align:right;" |260,346 |- !9 |{{Flag|Mexico}} | style="text-align:right;" |245,009 |- !10 |{{Flag|Czech Republic}} | style="text-align:right;" |225,236 |} Toyota Motor Europe is headquartered in [[Brussels, Belgium]], and oversees all operations of the Toyota Motor Corporation in Europe and western Asia. Toyota's operations in Europe began in 1963. Toyota has a significant presence in Europe with nine production facilities in [[Kolín|Kolín, Czech Republic]], [[Burnaston|Burnaston, England]], [[Deeside|Deeside, England]], [[Onnaing|Onnaing, France]], [[Jelcz-Laskowice|Jelcz-Laskowice, Poland]], [[Wałbrzych|Wałbrzych, Poland]], [[Ovar|Ovar, Portugal]], [[Saint Petersburg|Saint Petersburg, Russia]], and [[Arifiye|Arifiye, Turkey]].<ref>{{Cite web |title=Toyota's European manufacturing plants |url=https://www.toyota-europe.com/world-of-toyota/feel/operations/made-in-europe/manufacturing |access-date=August 3, 2021 |website=Toyota Motor Europe |language=en}}</ref>{{primary source inline|date=December 2023}} Toyota also operates a joint venture plant with [[Citroën]] and [[Peugeot]] in [[Valenciennes|Valenciennes, France]]. ====Australia==== {{Main|Toyota Australia}} In 1963, Australia was one of the first countries to assemble Toyotas outside Japan. However, in February 2014, Toyota was the last of Australia's major automakers to announce the end of production in Australia. The closure of Toyota's Australian plant was completed on October 3, 2017, and had produced a total 3,451,155 vehicles. At its peak in October 2007, Toyota manufactured 15,000 cars a month.<ref>{{Cite press release |title=Toyota closes manufacturing operations |date=October 3, 2017 |publisher=Toyota |location=Australia |url=https://www.toyota.com.au/main/news/toyota-australia-closes-manufacturing-operations |access-date=December 13, 2018 |url-status=live |archive-url=https://web.archive.org/web/20181215224451/https://www.toyota.com.au/main/news/toyota-australia-closes-manufacturing-operations |archive-date=December 15, 2018}}</ref>{{primary source inline|date=December 2023}} Before Toyota, [[Ford Motor Company|Ford]] and GM's [[Holden]] had announced similar moves, all citing an unfavorable currency and attendant high manufacturing costs.<ref>{{Cite news |last1=Wallace |first1=Rick |last2=Ferguson |first2=John |date=February 10, 2014 |title=Toyota to stop making cars in Australia, follows Ford and Holden |work=The Australian |url=http://www.theaustralian.com.au/business/news/toyota-to-stop-making-cars-in-australia-follows-ford-and-holden/story-e6frg906-1226822823246 |url-status=live |access-date=February 14, 2014 |archive-url=https://web.archive.org/web/20140428231925/http://www.theaustralian.com.au/business/news/toyota-to-stop-making-cars-in-australia-follows-ford-and-holden/story-e6frg906-1226822823246 |archive-date=April 28, 2014}}</ref>
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