# Who does Toyota Tsusho pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/toyota-tsusho · Facet: suppliers · Updated: 2026-10-23T20:29:49.851401+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Toyota Tsusho's confirmed suppliers/cost counterparties include Asahi Kasei plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 5 dated sources, 2 of them primary filings (as of 2026-10-23).

### 도요타자동차 그룹 (high)
- metric: Amount ¥2.2T · FY ended 2026-03-31 · Related-party purchases of automobiles from Toyota Motor Corporation Group
- note: FY ended March 2026 related-party purchases of automobiles and related goods from the Toyota Motor Corporation Group were JPY 2.246646tn. The group aggregate is not attributed to Toyota Motor alone. Transaction value is distinct from cost of sales.
- [confirms] Toyota Tsusho (EN, filing, published 2026-08-27) https://www.toyota-tsusho.com/english/ir/library/integrated-report/pdf/fs2026_all_260827.pdf: "Purchase of automobiles: ¥2,246,646 million (Toyota Motor Corporation Group)."
- [confirms] Toyota Tsusho (JA, filing, published 2026-06-18) https://www.toyota-tsusho.com/ir/library/securities-report/upload_files/105th_yuho_ALL.pdf: "Related-party note: purchases of automobiles from the Toyota Motor Corporation Group were JPY 2,246,646 million for FY2026."
- [mentions] Toyota Tsusho (EN, ir, published 2026-03-25) https://www.toyota-tsusho.com/english/ir/library/support-materials/upload_files/R_E_20260325_Africa_scripts.pdf: "Toyota Tsusho manages African distribution business transferred from Toyota Motor across 54 countries; this briefing does not disclose procurement value."

### SKC (SK넥실리스 말레이시아 법인) (high)  → /skc.md
- metric: Amount $110M · agreement 2025-06-18 · Agreement to invest in SK Nexilis Malaysia subsidiary
- note: Toyota Tsusho signed a USD 110m agreement in June 2025 to acquire a stake in SK Nexilis Malaysia, a subsidiary in the SKC group. It did not acquire SKC parent shares; the SKC node link represents the subsidiary relationship.
- [confirms] SKC (EN, ir, published 2025-06-18) https://www.skc.kr/m/eng/Conmmunication/pr/newsDetail.do?gubun=&seq=1664: "The transaction involves an investment of approximately USD 110 million (KRW 150 billion)."
- [confirms] Toyota Tsusho (EN, ir, published 2025-06-18) https://www.toyota-tsusho.com/english/press/detail/250618_006618.html: "The aim of this investment in SKNM is to enable Toyota Tsusho to stably procure and supply high-quality copper foil"
- [confirms] SKC (KO, ir, published 2025-06-18) https://www.skc.kr/kor/Conmmunication/pr/newsDetail.do?gubun=004003&seq=1654: "SK Nexilis agreed to transfer part of its Malaysian subsidiary to Toyota Tsusho for about USD 110 million."

### LG-HY BCM (LG화학·화유 합작사) (high)
- metric: Market share 25 percent · agreement 2025-09-09 · Equity stake in LG-HY BCM venture
- note: Toyota Tsusho agreed to acquire a 25% stake in LG-HY BCM from Huayou, alongside LG Chem’s 51% and Huayou’s 24%. This is not an equity stake in LG Chem parent. North American cathode supply is planned; customer sales are undisclosed.
- [mentions] iM Securities (KO, research, published 2025-09-12) https://www.imfnsec.com/upload/R_E09/2025/09/%5B12112104%5D_251627.pdf: "iM Securities’ weekly notes LG-HY BCM ownership at 51% LG Chem, 25% Toyota Tsusho and 24% Huayou Cobalt."
- [confirms] Toyota Tsusho (EN, ir, published 2025-09-09) https://www.toyota-tsusho.com/english/press/detail/250909_006689.html: "Toyota Tsusho Corporation ("Toyota Tsusho") announced today that it has entered into a share transfer agreement with Zhejiang Huayou Cobalt Co., Ltd. ("Huayou Cobalt") to acquire a 25% stake in LG-HY BCM Co., Ltd."
- [confirms] Maeil Business Newspaper (KO, news, published 2025-09-09) https://www.mk.co.kr/news/business/11415144: "The Gumi cathode venture ownership became LG Chem 51%, Toyota Tsusho 25% and Huayou Cobalt 24%."

### Asahi Kasei (high)  → /asahi-kasei.md
- note: U.S. subsidiary TAI signed capacity rights for coated Hipore separator from Asahi Kasei’s AKBSA in North Carolina. Deliveries are due to start in mid-2027, so this is not current procurement revenue. Contract value and volume are undisclosed.
- [confirms] Toyota Tsusho (EN, ir, published 2025-07-31) https://www.toyota-tsusho.com/english/press/detail/250731_006650.html: "The agreement entitles TAI to a preferential share of AKBSA's production capacity for Hipore™ LIB separator."
- [confirms] Asahi Kasei (JA, ir, published 2025-07-31) https://www.asahi-kasei.com/jp/news/2025/ze250731: "Asahi Kasei and Toyota Tsusho U.S. subsidiaries signed a separator capacity-rights agreement."

### Radius Recycling (비상장 자회사) (high)
- note: Through TAI, Toyota Tsusho completed its acquisition of all Radius Recycling shares in July 2025, adding more than 100 North American vehicle dismantling and metal recycling locations. The release does not disclose the purchase price.
- [confirms] Toyota Tsusho (EN, filing, published 2026-08-27) https://www.toyota-tsusho.com/english/ir/library/integrated-report/pdf/fs2026_all_260827.pdf: "In July 2025, Toyota Tsusho completed the purchase of all the stock of Radius Recycling, Inc. to make it a wholly owned subsidiary."
- [confirms] Toyota Tsusho (EN, ir, published 2025-07-11) https://www.toyota-tsusho.com/english/press/detail/250711_006639.html: "Toyota Tsusho alone received the transfer of business in 54 countries in Africa from Toyota Motor"

Reverse side: https://valuechain.wiki/toyota-tsusho/customers.md · Ripple: https://valuechain.wiki/toyota-tsusho/ripple.md

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Full node: https://valuechain.wiki/toyota-tsusho.md · JSON: https://valuechain.wiki/toyota-tsusho.json