PPM-IT
ASSIGNMENT SUBMITTED-BY:-PRASHANT RATHI
PRN:-16030141083
HISTORY OF TOYOTA
• Toyota Motor Corporation is a Japanese automative manufacturer headquartered in Toyota, Aichi , Japan. In March 2014 the multinational corporation consisted of 338,875 employees worldwide and, as of February 2016, is the 13th-largest company in the world by revenue. Toyota was the largest automobile manufacturer in 2012 (by production) ahead of the Volkswagen Group and General Motors. In July of that year, the company reported the production of its 200-millionth vehicle. Toyota is the world's first automobile manufacturer to produce more than 10 million vehicles per year. It did so in 2012 according to OICA, and in 2013 according to company data . As of July 2014, Toyota was the largest listed company in Japan by market capitalization (worth more than twice as much as #2-ranked Soft Bank) and by revenue.
• Toyota is the world's market leader in sales of hybrid electric vehicles, and one of the largest companies to encourage the mass-market adoption of hybrid vehicles across the globe. Cumulative global sales of Toyota and Lexus hybrid passenger car models passed the 9 million milestone in April 2016. Its Prius family is the world's top selling hybrid nameplate with almost 5.7 million units sold worldwide as of 30 April 2016.
• The company was founded by Kiichiro Toyoda in 1937, as a spinoff from his father's company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation produces vehicles under 5 brands, including the Toyota brand, Hino, Lexus, Ranz , Scion, and Daihatsu. It also holds a 16.66% stake in Fuji Heavy Industries, a 5.9% stake in Isuzu, a 3.58% stake in the Yamaha Motor Company, and a 0.27% stake in Tesla, as well as joint-ventures with two in China (GAC Toyota and Sichuan FAW Toyota Motor), one in India (Toyota Kirloskar), one in the Czech Republic (TPCA), along with several "nonautomotive" companies . TMC is part of the Toyota Group, one of the largest conglomerates in the world.
TOYOTA INDIA HISTORY
• Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan (with Kirloskar Group as a minority owner), for the manufacture and sales of Toyota cars in India. It is currently the 4th largest car maker in India after Maruti Suzuki, Hyundai, and Mahindra.
• The company Toyota Kirloskar Motor Pvt Ltd (TKMPL) according to its mission statement aims to play a major role in the development of the automotive industry and the creation of employment opportunities, not only through its dealer network, but also through ancillary industries with a business philosophy of "Putting Customer First".
• On June 7, 2012, Vice Chairman of the company revealed that the company is planning to enter the healthcare sector and its first hospital would open in Karnataka in May 2013.
Type Joint venture
Industry Automotive
Founded 6 October 1997
Headquarters Bangalore, Karnataka
Key people Mr. Akhito Tachibana
Chairman
Mr. Vikram S. Kirloskar
Vice Chairman
Products Automobiles
Number of employees 4,975
Parent Toyota Motor Corporation , Kirloskar
Group
Subsidiaries Toyota Kirloskar Auto Parts Private
Limited
Slogan Quality Revolution
Corporate Governance
• Basic Perspective of Corporate Governance
• Toyota Industries strives to enhance its corporate value in a stable manner over the long term and maintains society's trust by earnestly fulfilling its social responsibilities in accordance with its Basic Philosophy. To that end, Toyota Industries strives to further enhance its corporate governance in its efforts to maintain and improve management efficiency and the fairness and transparency of its corporate activities.
•
• Implementation Structure
• Toyota Industries convenes monthly meetings of the Board of Directors to resolve important management matters and monitor the execution of duties by directors. We also appoint outside directors who have a wealth of experience and knowledge concerning business management. They attend meetings of the Board of Directors and give opinions and ask questions as deemed necessary. Through this supervisory function of outside directors, we e sure the legality a d alidity of the Board’s de isio s as ell as directors' execution of duties from an objective perspective. The Management Committee, which is composed of directors above the executive vice president level as well as relevant managing officers and audit & supervisory board members, deliberates on a variety of issues concerning important management matters such as our corporate vision, management policies, medium-term business strategies and major investments.
• Toyota Industries has a divisional organization system, with significant authority delegated to each business division. For especially crucial matters, however, we have established the Business Operation Committee to enable the president to meet with the heads of each business division regularly to monitor and follow the status of their business execution. At meetings of the Management Council, directors, managing officers and audit & supervisory board members convene to report and confirm the monthly status of business operations and share overall deliberations at Board of Directors meetings and other management-related information.In addition, issues pertaining to human resources, quality, production, procurement and technologies are discussed at the corresponding functional meetings. We have also put in place committees to deliberate on more specific matters, such as CSR, the environment and export transaction controls. These functional meetings and committees discuss important matters and action themes in respective areas.
Corporate Governance
Structure
Audit & Supervisory Board
System
• Toyota Industries has adopted an audit & supervisory board
system. Two full-time audit & supervisory board members and
three outside audit & supervisory board members attend
meetings of the Board of Directors to monitor the execution
of duties by directors. At the same time, meetings of the Audit
& Supervisory Board are held once a month to discuss and
make decisions on important matters related to auditing. The
full-time audit & supervisory board members carry out
auditing by attending primary meetings and receiving reports
directly from directors. Additionally, we have assigned
dedicated personnel, while audit & supervisory board
members monitor the legality and efficiency of management
through collaboration with independent auditors and the
Audit Department.
Appointment of Independent
Director and Audit &
Supervisory Board Members
• As a publicly listed company, Toyota Industries strives to
ensure the fairness and transparency of management.
Following the Securities Listing Regulations stipulated by the
Tokyo Stock Exchange and Nagoya Stock Exchange,
respectively, to further enhance our corporate governance
Toyota Industries has appointed as independent members of
management two outside directors and two outside audit &
supervisory board members who are deemed to have no
conflicts of interest with our shareholders.
Vision
• In order to chart its own bold path through today's relentlessly
changing environment, in fall 2011 Toyota Industries
announced Vision 2020, which acts as a map and compass for
charting a course to the next stage of growth.
Business Categories under
Vision
• Solution :-Business unit encompassing materials handling equipment, logistics, and textile machinery. Toyota Industries will accelerate growth of this unit as its specialty business domain, which handles everything from development and production to sales and after-sales service.
• Key Components:- Business unit centered on the fields of car air-conditioning com pressors and car electronics. Capitalizing on its technological superiority, this unit allows Toyota Industries to offer key components for a variety of products to a diverse range of customers worldwide, mainly automakers.
• Mobility Business:- unit producing vehicles and engines for Toyota Motor Corporation. This unit makes the most of Toyota Industries' production strengths in contributing to significant improvement of the competitive edge of TOYOTA cars.
Research and Development
(R&D)
• I keepi g ith its fou di g spirit of Be ahead of the ti es through endless creativity, inquisitiveness, and pursuit of
i pro e e t , Toyota I dustries a ti ely arries out resear h and development activities. Our R&D activities can be broadly
classified into two areas, (1) product development and
improvements performed independently within each business
di isio , a d 2 R&D u dertake ai ly y the Resear h & De elop e t Ce ter separate fro the a ti ities of our business divisions and with a view toward company-wide
management strategy.
1. R&D Activities Carried Out by
the Business Divisions
• In each of our internal divisions various initiatives, centered on
the technical departments, are being taken to promote the
advanced development of future products that will lead the
world in functionality, quality, and low cost. The results of
these R&D activities are unveiled at an internal technology
exhibition in each division and also at a company-wide
technology exhibition held every year where the engineers
from all divisions gather. In this way we strive to give our
engineers access to a wide range of exchange opportunities.
2. Research & Development
Center Activities
• The Resear h & De elop e t Ce ter , hi h is lo ated i Kyo a, Obu City, Aichi Pref., undertakes the advanced development of fundamental technologies which will be the keys to the future products of each division, and advanced research for the development of new products for new businesses as well as development of materials and other technologies that will come to serve as the common foundation for all divisions. For example, there are a multitude of research and development results and prototypes such as a wide variety of functional parts for use in fuel cells, non-contact power supply technologies for use in clean logistics, super smooth coatings for inside car air-conditioning compressors, and three dimensional fabric reinforced composite technologies. From this point forward research and development will continue into new technology themes for every field including automobiles, materials handling equipment, and electronics.
CORPORATE PROFILE OF TOYOTA
Company
name
Toyota Industries Corporation
Establish
ed
November 18, 1926
Head
office
2-1, Toyoda-cho, Kariya-shi, Aichi 448-8671
JAPAN
President Akira OnishI
Business
activities
Manufacture and sales of textile
machinery, automobiles, materials
handling equipment, etc. as well as logistics
business, etc.
Capital 80.4 billion
yen
(as of March 31, 2016)
Net sales 2,228.9
billion yen
(fiscal year ended March 31,
2016)
Operatin
g income
127.9
billion yen
(fiscal year ended March 31,
2016)
Ordinary
income
185.3
billion yen
(fiscal year ended March 31,
2016)
Net
Income
183.0
billion yen
(fiscal year ended March 31,
2016)
Employe
es
51,458 (as of March 31, 2016)
• Sales by Business Segment (FY 2016, Consolidated Basis)
Directors, Corporate Auditors
and Managing Officers
Chairman Tetsuro Toyoda
President Akira Onishi
Executive Vice Presidents
Kazue Sasaki Shinya Furukawa Masaharu Suzuki
Directors
Takuo Sasaki Kan Otsuka Taku Yamamoto
Shuzo Sumi Kenichiro Yamanishi Mitsuhisa Kato
Audit & Supervisory Board Members
Full-time Audit &
Supervisory Board
Members
Toshifumi Ogawa Kohei Nozaki
Outside Audit &
Supervisory Board
Members
Hans-Juergen Marx Takahiko Ijichi Akihisa Mizuno
• Managing Officers
Senior Managing Officers
Takuo Sasaki Toshifumi Onishi Kan Otsuka
Taku Yamamoto Keiichi Fukunaga
Managing Officers
Yukihisa Tsuchimoto Takashi Ito Toshiya Yamagishi
Junichi Harada Mikihiko Okamoto Yojiro Mizuno
Masahiro Kawaguchi Yuji Ishizaki Keizo Hara
Kiyotsugu Kurimoto Masafumi Kunito Toshihiko Shimizu
Koichi Ito Yasushi Kawai Hiroaki Kayukawa
Toru Inagawa Hiroshi Matsumoto Kota Otoshi
Norio Wakabayashi Kazunari Masuoka Kazunari Kumakura
Hiroaki Matsuda Hisahi Ichijo
TOYOTA INDIA KEY EXECUTIVES
Key Executives For Toyota
Kirloskar Motor Pvt. Ltd.
Name Title
Akito Tachibana Managing Director and
Director
Yoshihiro Horinouchi Deputy Managing Director of
Manufacturing
Hitoshi Iwanaga Senior Vice-President
T. S. Jaishankar Deputy Managing Director of
Commercial
N. Raja Senior Vice President and
Director of Marketing & Sales
Toyota Kirloskar Motor Pvt. Ltd.
Board Members
Name Primary Company
Ryoichi Sasaki Toyota Kirloskar Motor Pvt.
Ltd.
Akito Tachibana Managing Director Toyota Kirloskar Motor Pvt.
Ltd.
Shekar Viswanathan Vice Chairman &
Whole Time Director
Toyota Kirloskar Motor Pvt.
Ltd.
Vikram Shreekant
Kirloskar
Vice Chairman Kirloskar Systems Limited
Name Title
Mahesh N. Salkar
Senior Vice
President of
Customer Service
Shigeru Tomonaga
Chief of Supplier
Support Centre
and Deputy
Managing
Director
Shekar
Viswanathan Vice Chairman