Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Toyota Tsusho Corporation
  6. News
  7. Summary
    8015   JP3635000007

TOYOTA TSUSHO CORPORATION

(8015)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Toyota Tsusho : Establishes Vehicle Assembly Business Company in Cambodia - MOU signed with Government of Cambodia for collaboration in the automobile industry -

11/13/2022 | 09:12pm EST
  • Automotive

2022-11-14

Toyota Tsusho Corporation ("Toyota Tsusho") announces today that it has established the vehicle assemble company Toyota Tsusho Manufacturing (Cambodia) Co., Ltd., ("TTMC") in the Kingdom of Cambodia. The investment amount for this project is approximately 36.8 million US dollars.

TTMC's new plant, to be built in the Phnom Penh Special Economic Zone, is going to locally assemble Toyota HILUX pickup truck and Toyota FORTUNER SUV.

This project is an initiative based on the "MOU on Cooperation for the Development of the Automobile Industry" signed between the Government of Cambodia and Toyota Tsusho as part of the ASEAN-related Summit held from November 8 to 13, 2022. The MOU was signed by H.E. Mr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of the Kingdom of Cambodia, and Mr. Toshimitsu Imai, Vice President of Toyota Tsusho at the MOU signing ceremony held on November 12 (local time). It was signed in the presence of Cambodian Prime Minister Hun Sen and Japanese Prime Minister Fumio Kishida.

Through this project, Toyota Tsusho will contribute to the development of Cambodia's automobile industry, economy, and society.

Overview of TTMC
Company name
Toyota Tsusho Manufacturing (Cambodia) Co., Ltd.
Location
Phnom Penh Special Economic Zone (PPSEZ), Cambodia
Capital
21 million US dollar
Representative
Ryoji Fujita, Managing Director
Shareholder
Toyota Tsusho 90%, Kong Nuon Group 10%
Established
August 2022
Date of business
approval acquisition
September 2022

Business details

Vehicle assembly

Production vehicles

Toyota HILUX, Toyota FORTUNER
[Assemble Vehicles (planned): Toyota HILUX, Toyota FORTUNER]
Toyota HILUX
Toyota FORTUNER
[MOU signing ceremony held on November 12 (in the Kingdom of Cambodia) ]

The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.

Disclaimer

Toyota Tsusho Corporation published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 02:11:04 UTC.


ę Publicnow 2022
All news about TOYOTA TSUSHO CORPORATION
01/13President João Lourenço Addresses Port of Namibe's Development
AQ
2022Toyota Tsusho : Basic agreement signed to explore joint undertaking of hydrogen production..
PU
2022Sam-A Aluminium Company, Limited announced that it expects to receive KRW 115.2549918 b..
CI
2022Cargotec's Kalmar Partners With Toyota Tsusho, Ricardo On Fuel Cell-powered Terminal Tr..
MT
2022Ideanomics Unit US Hybrid Continues Hydrogen Power Conversion Project With Toyota Tsush..
MT
2022Toyota Tsusho : Basic agreement signed to explore joint undertaking of hydrogen production..
PU
2022Toyota Tsusho : to Participate in Design/Construction/Maintenance Project in Indonesia for..
PU
2022Toyota Tsusho : Considers Commercializing End-of-Life Vehicle Airbag Recycling in Japan- C..
PU
2022Toyota Tsusho : to Consider Feasibility of Production of Blue Ammonia, a First in Egypt- C..
PU
2022Toyota Tsusho : Completes Construction of Japan's First Lithium Hydroxide Production Plant..
PU
More news
Analyst Recommendations on TOYOTA TSUSHO CORPORATION
More recommendations
Financials
Sales 2023 9 546 B 73 479 M 73 479 M
Net income 2023 279 B 2 149 M 2 149 M
Net Debt 2023 1 441 B 11 088 M 11 088 M
P/E ratio 2023 6,86x
Yield 2023 3,62%
Capitalization 1 914 B 14 734 M 14 734 M
EV / Sales 2023 0,35x
EV / Sales 2024 0,34x
Nbr of Employees 65 218
Free-Float 62,7%
Chart TOYOTA TSUSHO CORPORATION
Duration : Period :
Toyota Tsusho Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA TSUSHO CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 5 440,00 JPY
Average target price 6 061,43 JPY
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
Ichiro Kashitani Manager-Automotive Planning
Hideyuki Iwamoto Manager-Corporate Planning
Nobuhiko Murakami Chairman
Kumi Fujisawa Independent Outside Director
Kunihito Komoto Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
TOYOTA TSUSHO CORPORATION11.36%14 734
MITSUBISHI CORPORATION3.83%49 632
ITOCHU CORPORATION1.45%47 349
MITSUI & CO., LTD.1.66%46 011
ADANI ENTERPRISES LIMITED-28.43%39 240
SUMITOMO CORPORATION7.47%22 711