Kyohei Suga

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Denso unloads shares in 3 Toyota group companies

Dec 15, 2023 | asia.nikkei.com | Kyohei Suga

NAGOYA -- Japanese auto parts supplier Denso has sold its entire stake in three Toyota companies including Hino Motors, part of a growing movement within the Toyota group to dissolve long-standing cross-shareholding, Nikkei has learned. Denso sold approximately 5 billion yen($35.2 million) worth of shares of Hino, parts maker Toyoda Gosei and Aichi Steel. The company aims to increase earnings per assets and use the money to invest in electric vehicle-related fields.
Toyota limits sales in Japan as it strives to keep up with demand

Dec 11, 2023 | asia.nikkei.com | Haruka Kadooka |Kyohei Suga

NAGOYA, Japan -- Toyota Motor is in the unusual position of having to turn down orders for half of its major models at dealerships in Japan due to production backlogs stemming from stubborn pandemic supply restraints. Nikkei asked several Toyota dealerships about the sales status for 20 popular consumer models.
Toyota group to draw down stake in auto parts supplier Denso

Nov 28, 2023 | asia.nikkei.com | Kazuhiro Noguchi |Kyohei Suga

NAGOYA, Japan -- Toyota Motor and two affiliated companies plan to sell about 10%, or around 700 billion yen ($4.7 billion), of the total shares in auto parts supplier Denso as soon as this month, looking to reduce cross-shareholding and free up funds for electric vehicle investments. Toyota Motor held about 24% of Denso's total shares as of the end of September, while Toyota Industries owned 9% and Aisin had 2%.
Toyota supplier Denso to invest $3.3bn in chip business

Oct 26, 2023 | asia.nikkei.com | Kyohei Suga

TOKYO -- Denso, Japan's leading auto parts maker and supplier to Toyota Motor, will invest about 500 billion yen ($3.3 billion) in the semiconductor business by 2030, its president Shinnosuke Hayashi revealed on Thursday at the Japan Mobility Show in Tokyo. The investment will be used for research and development, capital expenditure, and mergers and acquisitions. The company aims to develop high-performance chips, which are becoming increasingly important, for use in automobiles.
Toyota supplier Denso to invest $3.3bn in chips business

Oct 26, 2023 | asia.nikkei.com | Kyohei Suga

TOKYO -- Denso, Japan's leading auto parts maker and supplier to Toyota Motor, will invest about 500 billion yen ($3.3 billion) in the semiconductor business by 2030, its president Shinnosuke Hayashi revealed on Thursday at the Japan Mobility Show in Tokyo. The investment will be used for research and development, capital expenditure, and mergers and acquisitions. The company aims to develop high-performance chips, which are becoming increasingly important, for use in automobiles.
Toyota's record profits clouded by signs of overseas slowdown

Aug 1, 2023 | asia.nikkei.com | Kazuhiro Noguchi |Kyohei Suga

NAGOYA, Japan -- Although strong sales of hybrid and luxury vehicles boosted Toyota Motor's net profit to an all-time quarterly high in the three months through June, the automaker is showing signs of losing momentum in markets beyond Japan where electric vehicles are gaining ground. The company sold a total of 2.53 million vehicles under the Toyota and Lexus brands, up 8% on the year, according to earnings reported Tuesday.
Toyota boosts China R&D in electrified vehicles

Jul 31, 2023 | asia.nikkei.com | Kyohei Suga

NAGOYA, Japan -- Toyota Motor will consolidate a portion of its electrified-vehicle research and development in China, aiming to accelerate product releases in a fast-changing market. Toyota is renaming its largest Chinese R&D facility -- the wholly owned Toyota Motor Engineering & Manufacturing (China) -- to Intelligent ElectroMobility R&D Center by Toyota (China), effective Tuesday.
Toyota smart city unit backed by ex-CEO reports negative net worth

Jul 3, 2023 | asia.nikkei.com | Kazuhiro Noguchi |Kyohei Suga

NAGOYA, Japan -- A Toyota Motor subsidiary working to build a smart "Woven City" near Mount Fuji held 6 billion yen ($41.5 million) more in liabilities than assets as of the end of March, according to earnings documents disclosed by Friday. Toyota and Tokyo-based unit Woven Planet Holdings broke ground on the project in Shizuoka prefecture in February 2021.
Toyota smart city project backed by ex-CEO sinks deeper into red

Jun 30, 2023 | asia.nikkei.com | Kazuhiro Noguchi |Kyohei Suga

NAGOYA, Japan -- A Toyota Motor subsidiary working to build a smart "Woven City" near Mount Fuji held 6 billion yen ($41.5 million) more in liabilities than assets as of the end of March, according to the automaker's securities report filed Friday. Toyota and Tokyo-based unit Woven Planet Holdings broke ground on the project in Shizuoka prefecture in February 2021.
Denso sells all Suzuki and most Honda shares to trim portfolio

Jun 20, 2023 | asia.nikkei.com | Kyohei Suga

NAGOYA -- Japanese auto parts supplier Denso sold all 16.4 billion yen ($116 million) of its Suzuki Motor stock by the end of March as it continued a pivot away from holding shares for strategic purposes. Denso also unloaded 11.4 billion yen of stock in Honda Motor -- equivalent to more than 70% of its holdings. The moves were disclosed in a fiscal 2022 securities filing Tuesday with the Kanto Local Finance Bureau, the securities watchdog for the Tokyo area.