Trading house · Toyota-group procurement · African distribution
Toyota Tsusho
Toyota Tsusho is a trading house spanning automotive raw-material procurement, African vehicle distribution and metal recycling. Consolidated revenue for the year ended March 2026 was JPY 11.562tn; recognized revenue from the Toyota Motor Corporation Group was JPY 2.316tn, or 20.0%. North American battery-material investment is expanding, while Asahi Kasei separator deliveries are scheduled to start in mid-2027.
Business categories Investment Holdings & Trading Houses · Finance & Capital · primary
- Investment Holdings & Trading Houses: Mitsubishi · Itochu · Berkshire Hathaway · Ecopro · Roper Technologies
8015.T Updated Oct 23, 2026 5 AI consumers· 3 recurring
Per the valuechain.wiki graph, Toyota Tsusho is directly linked to 2 companies (1 supply, 0 revenue, 1 investment relationships) and reaches 2 companies within two hops; the links are backed by 13 dated sources, 2 of them primary filings (as of 2026-10-23).
Financials & Segments
- Total revenue · JPY 11.561935tn (consolidated, year ended March 2026)
- Customer concentration · Toyota Motor Corporation Group recognized revenue JPY 2.316089tn, 20.0% of total; not attributable to one legal entity.
- Segments · Metal+ · Circular Economy · Supply Chain · Mobility · Green Infrastructure · Digital Solutions · Lifestyle · Africa · Other
Revenue from
- Toyota Motor Corporation Group High confidence· Amount ¥2.3T · FY ended 2026-03-31 · Consolidated recognized revenue from Toyota Motor Corporation Group
FY ended March 2026 recognized revenue from the Toyota Motor Corporation Group was JPY 2.316089tn, 20.0% of consolidated revenue. This group aggregate is not attributed to the Toyota Motor legal entity alone. The related-party raw-material transaction amount of JPY 2.813682tn uses a different accounting basis.Mentions KO Maeil Business Newspaper Published Sep 9, 2025: LG Chem and Toyota join forces on cathode materials - African vehicle and distribution customers (undisclosed) High confidence
CFAO and other African operations earn revenue from wholesale and retail vehicles and distribution. Total Africa Division external revenue was JPY 1.92825tn, but vehicle-customer revenue is not separately disclosed.
Pays to
- Toyota Motor Corporation Group High confidence· Amount ¥2.2T · FY ended 2026-03-31 · Related-party purchases of automobiles from Toyota Motor Corporation Group
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. - Asahi Kasei High confidence
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 EN Toyota Tsusho Published Jul 31, 2025: Asahi Kasei to supply Hipore separator to Toyota TsushoConfirms JA Asahi Kasei Published Jul 31, 2025: Asahi Kasei and Toyota Tsusho sign separator capacity-rights agreement
Investments
- SKC (SK Nexilis Malaysia subsidiary) High confidence· Amount $110M · agreement 2025-06-18 · Agreement to invest in SK Nexilis Malaysia subsidiary
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. - LG-HY BCM (LG Chem-Huayou venture) High confidence· Market share 25 percent · agreement 2025-09-09 · Equity stake in LG-HY BCM venture
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 KO iM Securities Published Sep 12, 2025: iM Securities refining, chemicals and energy weeklyConfirms KO Maeil Business Newspaper Published Sep 9, 2025: LG Chem and Toyota join forces on cathode materials - Radius Recycling (private subsidiary) High confidence
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 EN Toyota Tsusho Published Jul 11, 2025: Toyota Tsusho completes Radius Recycling acquisition
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Toyota Tsusho | node | +15.8 | +23.1 | +85.3 | -16.3 | +119.8 | +31.4 |
| Asahi Kasei | benef1 | -1.1 | -9.3 | +18.7 | -2.9 | +47.1 | +8.7 |
| SKC | benef1 | +18.1 | -31.9 | -19.7 | +104.3 | -25.4 | -28 |
YTD as of 2026-10-23 · source: Yahoo Finance
Toyota Tsusho returned +119.8% in 2025 and +31.4% through October 23, 2026. Toyota Motor returned +21.8% and -8.5% over the same periods. A simple sequence of gains passing from auto demand to the trading house does not fit those annual observations. Toyota Tsusho also has African distribution and metal recycling, so the stock gap cannot be assigned to batteries alone. Supplier-side SKC lagged at -25.4% in 2025 and -29.8% in 2026; Asahi Kasei returned +47.1% and +8.0%. SKC copper foil is a possible laggard, subject to operating losses and dilution; Asahi Kasei separator deliveries have their own mid-2027 start date. The 20.0% Toyota-group figure is recognized consolidated revenue, while JPY 2.246646tn of automobile purchases is a related-party transaction amount on a different basis.
Analysis generated from returns as of 2026-10-23Analyses covering this node
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