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TYO:7203

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Asia

Market Chatter: BYD Looking to Dethrone Toyota Even Without US Market, Executive Says

BYD (HKG:1211, SHE:002594) is looking to dethrone Toyota (TYO:7203) as the world's largest car manufacturer by sales within five years even without the help of the U.S. market, the Financial Times reported Wednesday, citing its interview with Stella Li, the chief of BYD's international operations.The Shenzhen-based car manufacturer is looking to boost sales through a pivot to Europe, where electric vehicles could gain heftier margins compared with China, the report said, citing Li.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:1211SHE:002594TYO:7203
Asia

Archion Sets Price Range for Toyota, Daimler Truck Share Sale

Archion (TYO:543A) has set the price range for a secondary offering of shares held by Daimler Truck and Toyota Motor (TYO:7203), according to a Wednesday filing with the Tokyo Stock Exchange.The indicative price range was set at 250 yen to 300 yen per share, with the final offer price to be determined between July 22 and July 27 based on investor demand.The base offering consists of 787.9 million common shares, including 425.4 million shares to be offered in Japan and 362.4 million shares internationally. An additional 118.2 million shares may be sold through an over-allotment option. Share delivery is scheduled between July 29 and Aug. 3.The offering follows media reports last week that Toyota and Daimler Truck plan to reduce their stakes in the truckmaker by selling shares valued at between 200 billion yen and 300 billion yen.

TYO:543ATYO:7203
Asia

Market Chatter: MUFG Overtakes Toyota Motor, Kioxia as Japan's Most Valuable Company with 42 Trillion Yen Valuation

Mitsubishi UFJ Financial Group (TYO:8306) overtook Toyota Motor (TYO:7203) and memory chip manufacturer Kioxia Holdings (TYO:285A) to become the most valuable company in Japan with a total valuation of 42 trillion won, several media outlets reported Monday.The valuation is based on Mitsubishi UFJ Financial Group's stock price movement on Monday, when shares momentarily surged to 3,564 yen per share, rising 103 yen from Friday's close and hitting an all-time high, according to The Japan Times.The valuation surpassed Toyota Motor's roughly 41 trillion yen and Kioxia Holdings' 36.7 trillion yen market valuation, according to Bloomberg News.Shares of Mitsubishi UFJ Financial Group added over 2% at market close, while those of Toyota Motor declined nearly 1%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285ATYO:7203TYO:8306
Asia

Market Chatter: Toyota's Supplier Compensation Over EV Project Halt May Cost Tens of Billions of Yen

Toyota Motor's (TYO:7203) plan to partially compensate suppliers for its decision to halt development of the flagship electric vehicle, LF-ZC sedan, is expected to cost the company tens of billions of yen, Nikkei Asia reported Thursday.The automaker's plan to cancel the development of its Lexus-branded sedan in May has disrupted its supply chain, with parts suppliers likely to incur losses worth billions of yen each.The decision to halt the EV plans is attributed to the new president, Kenta Kon's, focus on profitability.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Asia

Market Chatter: Toyota Developing AI System to Standardize Terms Across Operations

Toyota Motor (TYO:7203) is standardizing terminology across planning, production, and sales divisions by cutting roughly 195 translation steps, or about 30% of the process, to speed up development, Nikkei Asia reported on Wednesday, citing company executive Toshinao Wada.The company is developing an integrated system, targeted for completion by 2028, that will use AI to condense 45,000 specialized terms into 5,000 common ones across all divisions, the report said.The initiative is expected to eliminate the need to translate between different internal terminologies, giving sales staff real-time visibility into production status and making it easier for employees across divisions to collaborate, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Asia

Market Chatter: Toyota Motor Plans AI-backed System to Standardize Vehicle Specification Terminology

Toyota Motor (TYO:7203) plans to standardize its vehicle specification terminology using artificial intelligence across planning, production, and sales operations, Nikkei Asia reported Wednesday.Under the proposed program, the Japanese automaker will use artificial intelligence to rewrite 45,000 specialized terms used across divisions to about 5,000 common terms by 2028, reducing internal processing steps by about 30%.The new AI-backed umbrella system will make vehicle information consistent across functions.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

Nikkei 225KRX:000660KRX:005930KRX:035420TYO:5401TYO:5406TYO:6701TYO:6758TYO:7203TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434TYO:9984
Asia

Toyota Forms Joint Venture with Air Taxi Maker Joby Aviation

Toyota Motor (TYO:7203) will establish a joint venture with California-based air taxi maker Joby Aviation, according to a joint statement on Tuesday.The venture, named Joby Toyota Aero Manufacturing Preparation, will initially focus on establishing commercial production capabilities and improving manufacturing productivity, before expanding Joby's production capacity to support aircraft certification and future demand, the companies said.Toyota will own 51% of the joint venture, while Joby will hold the remaining 49%.The companies intend to leverage their respective strengths to bring air mobility on a broader scale, according to the statement.

TYO:7203
Asia

Japan's Nikkei Clocks Gains Tracking Positive Movement on Wall Street

Japanese shares closed with gains on Tuesday, tracking the positive momentum on Wall Street and taking cues from the yen weakening to its lowest level against the dollar in nearly four decades.The Nikkei 225 closed up 0.86%, or 594.21 points, to 70,062.32.The US stocks rose on Monday, lifted by the technology stocks, with the S&P 500 breaking a five-day losing streak.The yen slipped to its lowest point since 1986 at 161.98 per dollar, surpassing its 2024 intervention threshold and heightening market vigilance for possible official action, Bloomberg News reported Tuesday.Japan's Finance Minister Satsuki Katayama has said authorities are ready to respond appropriately at any time to the falling yen, as per news reports.Back home, Japan's industrial production fell 1.7% year over year in May, missing expectations of a 2.2% expansion, according to preliminary data from the Ministry of Economy, Trade and Industry (METI) released on Tuesday.Also, new housing construction starts in Japan rose 33.9% year over year in May to 57,877 units, beating the consensus forecast of a 31.8% increase, according to official data Tuesday.On the corporate side, Honda Motor (TYO:7267) is exploring raising over 400 billion yen through a euro-denominated bond sale to fund compensation payments to parts suppliers following its revised electric vehicle strategy, Nikkei Asia reported Tuesday.Also, Toyota (TYO:7203) posted its fourth consecutive decline in worldwide monthly sales for May, with group-wide volume falling 7.4% year over year to 885,207 vehicles, according to a statement on Tuesday.

Nikkei 225TYO:7203TYO:7267
Japan

Japanese Shares Post Marginal Gains as Investors Remain Cautious Around Middle East Tensions

Japanese shares pulled back on Monday to close nearly flat as investors took a cautious stance after tensions between the US and Iran escalated over the weekend.The benchmark Nikkei 225 closed marginally higher by 107.23 points or 0.15% at 69,468.11 on Monday.According to media reports, tensions between the US and Iran resurfaced over the weekend after a truce had been reached, as Iran launched fresh drone and missile attacks on Bahrain and Kuwait in response to new US airstrikes.This created unease among investors around the global economic outlook.Back home, Japan's retail sales rose 1.9% in May, following an upwardly revised April gain, with annual growth surging to 5.3% against a 3% consensus.On the corporate side, Denso Corp.( TYO:6902) filed for the listing of $500 million of 4.864% senior notes due 2031 on the Singapore bourse, while Toyota Motor (TYO:7203) filed for the listing of 1 billion euros worth of bonds on the Singapore bourse, according to separate filings with the Singapore Exchange on Monday.Also, TV Asahi Holdings (TYO:9409) board approved the issuance of 8,266 new shares worth up to 25.4 million yen under its restricted share compensation plan.

Nikkei 225TYO:6902TYO:7203TYO:9409
Asia

Toyota Motor Files for Singapore Listing of EUR1 Billion Worth of Bonds

Toyota Motor (TYO:7203) filed for the listing of 1 billion euros worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Monday.The automaker filed for 500 million euros worth of 3.2302% bonds due 2030 and 500 million euros worth of 3.714% senior bonds due 2034.The bonds will be listed and quoted on the Bonds Market on June 30.

^STITYO:7203
Asia

Market Chatter: Toyota's Kinto Unit More Than Doubles Profit on Strong Demand, Strong Used Car Market in Japan

Toyota Motor's (TYO:7203) vehicle subscription service unit Kinto saw its operating profit more than double in fiscal 2025, on strong demand and a buoyant used-car market in Japan, Nikkei Asia reported Friday.According to Kinto, its operating profit jumped to 1.45 billion yen in the year ended March, with revenue up 32% to 77.3 billion yen. The net profit nearly quadrupled to 3.02 billion yen, aided mainly by tax adjustments.During fiscal 2025, the company received about 34,000 new subscription applications, bringing the cumulative applications since its launch in 2019 to more than 170,000.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Asia

Japanese Shares Extend Selloff, Tracking Wall Street-Led Tech Losses

Japanese shares closed lower for the second straight session after a choppy trading session on Wednesday, tracking the weak trade on Wall Street amid tech losses.The benchmark Nikkei 225 closed lower by 613.41 points or 0.88% at 69,174.97 on Wednesday.Driven by conflicting reports, investors are also cautious of the durability of the peace accord between Iran and the US.Markets are also closely watching the movement of the yen, which is near a 40-year low, for a potential intervention to stabilize the currency.On the corporate side, Toyota Motor (TYO:7203) will slash production outside Japan by about 100,000 units by around February 2027 as the de facto closure of the Strait of Hormuz affects demand overseas, Nikkei Asia reported Wednesday. It also plans to cut electric vehicle production for China.Elsewhere, Marubeni (TYO:8002) has completed its share buyback program after repurchasing a total of 11,766,800 shares, according to a Wednesday filing on the Tokyo Stock Exchange.

Nikkei 225TYO:7203TYO:8002
Asia

Market Chatter: Toyota to Reduce Overseas Output Amid Hormuz Closure

Toyota Motor (TYO:7203) will slash production outside Japan by about 100,000 units by around February 2027 as the de facto closure of the Strait of Hormuz affects demand overseas, Nikkei Asia reported Wednesday.The automotive giant will also slash electric vehicle production for China, the report said.Toyota did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Asia

Market Chatter: Japan Share Buybacks Hit Record 16.2 Trillion Yen in Early 2026

Japanese listed companies launched 16.2 trillion yen in buybacks in the January-May period, up 34% year over year and a record for the period, driven by cross-shareholding unwinding and capital reforms, Nikkei Asia reported Monday, citing its own analysis.Although the number of companies initiating programs fell 14% to about 620, large-scale repurchases inflated the total value, which reached 16.4 trillion yen as of Friday, the news daily said.Major players like Sony Group (TYO:6758) and Hitachi (TYO:6501) each unveiled 500 billion yen buybacks amid record profit projections, while Daikin Industries (TYO:6367) repurchased 350 billion yen, the publication said.KDDI (TYO:9433) also executed a 300 billion yen buyback, with 250 billion yen through a tender offer to acquire shares from Toyota (TYO:9433) and Kyocera (TYO:6971), who sought to offload their cross-holdings, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6367TYO:6501TYO:6758TYO:6971TYO:7203TYO:9433
Asia

S&P Rates Denso's US Dollar Bonds A+

S&P Global Ratings on Tuesday placed an A+ long-term issue credit rating on Denso's (TYO:6902) US dollar senior unsecured bonds.The bonds' rating is in line with the company's long-term issuer credit rating, reflecting its sufficiently low leverage that limits the likelihood of significant disadvantage for the noteholders compared to other lenders, S&P said.The bond will boost the company's financing diversification through an expanded overseas investor base, the rating agency said.The company's rating considers its major position in the global auto component market, anchored by diversified business segments and advanced technologies.S&P expects the company to further gain from economies of scale and joint research and development activities, given its close links with Toyota Motor (TYO:7203) and other group companies.

TYO:6902TYO:7203
Asia

S&P Rates Toyota Motor's Euro Bonds A+

S&P Global Ratings on Tuesday placed an A+ long-term issue credit rating on Toyota Motor's (TYO:7203) euro senior unsecured bonds.The bonds' rating is equivalent to the company's long-term issuer credit rating, stemming from the company's sufficiently low leverage that prevent significant disadvantage for some lenders, S&P said.A sustained leading position in the global auto market, stable and above-sector-average profitability, and solid financial base support the company's rating.However, S&P sees rising downward pressure on profitability and finances in the auto sector due to technological progress and the ascent of Chinese producers.The company will use the bonds' proceeds to meet safety and environmental concerns in its auto segment, with S&P viewing sustainability and social aspects as crucial for the industry.

TYO:7203
Asia

Market Chatter: Japan's Takaichi Heads to India's Assam With 50-Plus Firms in Tow

Japanese Prime Minister Sanae Takaichi is set to travel to the northeastern Indian state of Assam in early July, bringing with her executives from more than 50 Japanese firms and organizations, Nikkei reported on Thursday.The delegation will include major corporate names, including Suzuki Motor (TYO:7269), trading house Itochu (TYO:8001), and Toyota Tsusho (TYO:8015), the trading arm of Toyota Motor (TYO:7203), the news agency said.Several participants are expected to formalize partnership agreements during the visit, which is tentatively anchored around July 1 in the city of Guwahati, the publication said.Both Tokyo and New Delhi are coordinating a program of meetings and business forums to maximize the diplomatic and commercial outcomes of the trip, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:7203TYO:7269TYO:8001TYO:8015
Asia

Toyota Shareholders Re-Elect Chairman

Toyota Motor (TYO:7203) shareholders cleared the proposed re-appointment of Akio Toyoda as chairman and the appointment of Chief Executive Officer Kenta Kon to the board, along with the re-appointment of four other directors.The proposed appointments, cleared by the board in April, sought shareholder backing at its annual general meeting on Tuesday.Meanwhile, former CEO Koji Sato stepped down from the board following the meeting, and the company said that it will continue to invest in growth areas, including artificial intelligence and robotics, Reuters reported Wednesday, quoting Toyota CEO Kon.

TYO:7203
Asia

Toyota Books 1.2 Trillion Yen Non-consolidated Gain from Sale of Toyota Industries Stake

Toyota (TYO:7203) expects to record a non-consolidated gain of 1.206 trillion yen and an estimated consolidated gain of 576.9 billion yen following the final sale of its entire 24.66% stake in Toyota Industries(TYO:6201).The transaction was completed through a share repurchase by Toyota Industries after the necessary squeeze-out procedures were finalized, according to a Tokyo bourse filing on Monday.The actual consolidated gain came in slightly lower than the 600 billion yen initially projected when the deal was announced in March, while the impact has already been incorporated into Toyota's consolidated forecast for the current fiscal year, which the company disclosed on May 8.

TYO:6201TYO:7203

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