Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toyota Motor Corporation    7203   JP3633400001


End-of-day quote. End-of-day quote Tokyo Stock Exchange - 11/26
7301 JPY   -0.67%
05:42pS&P 500 to swallow Tesla in one gulp; shares surge
04:59pFord says automakers should consider backing California emissions deal
05:45aThe Rise and Fall--and Rise Again--of Chinese EV Startup NIO
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Toyota Motor : Agreement on New Business and Capital Alliance between Toyota Motor Corporation and KDDI Corporation

10/30/2020 | 03:43am EST

TOKYO, Oct 30, 2020 - (JCN Newswire) - - Toyota Motor Corporation and KDDI Corporation have agreed on a new business and capital alliance today with the purpose of further strengthening the relationship between the two companies. Details of the agreement are as follows:


Since KDDI's founding in October 2000 through the merger of Daini Denden Inc. (DDI), KDD Corporation, and IDO Corporation, Toyota has been KDDI's second largest shareholder (with 12.95% of shares held as of September 2020). Since 2002, Toyota and KDDI have cooperated on G-BOOK and other services for the telematics business of Toyota. In addition, prompted by the increase in internet-connected vehicles--connected cars--the two companies have been working together since 2016 to build a global communications platform, independent of existing roaming services, to ensure stable high-quality telecommunications around the globe between vehicle communications devices and cloud services. In this and other ways, the companies have been accelerating initiatives to provide safety and comfort through the integration of vehicles and telecommunications.

Details of the Business Alliance

The companies are also accelerating new initiatives that go beyond the borders of their core business of mobility and telecommunications in anticipation of the coming future society in which towns, homes, people and cars are all connected.

The companies will continue working to develop services that enrich people's lives to solve social issues mainly through the use of big data and to promote R&D in the areas of telecommunications and connected car technologies.

Specifically, the companies will continue promoting the following initiatives:

The Two Companies' Initiatives Going Forward

- Jointly conducting R&D focused on telecommunication platforms that enable optimal communications between towns, homes, people and cars as communication technologies evolve, including 4G, 5G, and 6G

- Jointly developing an operations and management system for next-generation connected cars to enable sophisticated operations by integrated management of devices, networks, platforms, and services

- Jointly developing services and service platforms that aim to enrich people's lives and ensure their safety and security not only inside or outside of vehicles but also in every scenes

- Jointly working to address social issues arising between urban and rural areas and regional communities using big data about towns, homes, people, cars, and more

Details of the Capital Alliance

Against the backdrop of the aforementioned business alliance, both companies reached the conclusion that it will be necessary to further strengthen their capital ties to promote their strategic alliance over the medium and long terms. The companies agreed to the disposal of 18,301,600 shares of KDDI treasury stock(1) (totaling around 52.2 billion yen) through a third-party allocation with Toyota as the recipient. Therefore, Toyota is expected to hold 13.74% of KDDI's shares. The share acquisition date (payment deadline) is scheduled for January 29, 2021.

(1) KDDI will acquire treasury stock with an upper limit of 84,000,000 shares in total and a total price of 200 billion yen and then dispose of a portion of those shares through a third-party allocation. Furthermore, for details on the treasury stock acquisition, please refer to the press release entitled, "Notice of Decision on Matters Related to Treasury Stock Acquisition."

(2) The shareholding ratio is calculated by dividing the number of shares held by Toyota before and after the third-party allocation of the 2,304,179,550 shares in total issued by KDDI (truncated from third decimal place).

Other company and product names are the trademarks of their respective companies.

About Toyota Motor Corporation

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Copyright 2020 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

05:42pS&P 500 to swallow Tesla in one gulp; shares surge
04:59pFord says automakers should consider backing California emissions deal
05:45aThe Rise and Fall--and Rise Again--of Chinese EV Startup NIO
11/29TOYOTA MOTOR : to launch 1st all-electric Lexus in Thailand
11/28TOYOTA TIMES : "One and Only Day" Series: A priceless 35 year bond
11/27GM Plans to Seek Banking Charter to Grow Auto-Lending Business
11/27TOYOTA MOTOR : Global Sales and Production Up Year-on-Year in October for Second..
11/27RALLY MONZA : PreviewTOYOTA GAZOO Racing ready for championship showdown at the ..
11/26TOYOTA MOTOR : October output hits record on robust demand in China
11/26TOYOTA MOTOR : Sustainability
More news
Sales 2021 25 573 B 245 B 245 B
Net income 2021 1 345 B 12 889 M 12 889 M
Net Debt 2021 16 192 B 155 B 155 B
P/E ratio 2021 14,5x
Yield 2021 3,19%
Capitalization 19 569 B 188 B 188 B
EV / Sales 2021 1,40x
EV / Sales 2022 1,28x
Nbr of Employees 359 542
Free-Float 62,1%
Duration : Period :
Toyota Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 7 936,11 JPY
Last Close Price 6 999,00 JPY
Spread / Highest target 34,3%
Spread / Average Target 13,4%
Spread / Lowest Target -21,4%
EPS Revisions
Akio Toyoda President, CEO & Representative Director
Takeshi Uchiyamada Chairman
Kenta Kon Chief Financial Officer
Seiji Sakai Manager-Information Systems & IT Management
Masahito Maeda Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG-17.20%92 742
DAIMLER AG14.62%72 384
BMW AG-0.07%56 380
HONDA MOTOR CO., LTD.-3.32%49 435