Toyota to Merge Tokyo Sales Companies to Form New Company in April 2019

Toyota Motor Corporation (Toyota) announces plans to merge its Tokyo sales companies on April 1, 2019.The companies to be merged are TOYOTA Tokyo Sales Holdings Inc. (TSH), a wholly-owned subsidiary of Toyota, and the four TSH subsidiaries, Tokyo Toyota Motor Co., Ltd., Tokyo Toyopet Motor Sales Co., Ltd., Toyota Tokyo Corolla Co., Ltd., and Netz Toyota Tokyo Co., Ltd. Management intends to examine the details of this merger over the next year. The auto manufacturer also disclosed plans to sell Toyota Nishi-Tokyo Corolla Co., Ltd., also a wholly-owned subsidiary of TSH, to Netz Toyota Tokyo in or around September 2018.