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Toyota Motor Corporation was founded in 1937 by Kiichiro Toyoda as a spinoff from his father's company, Toyoda Automatic Loom Works. Toyota engages in the design, manufacture, assembly, and sale of passenger cars, commercial vehicles, and minivans, along with a range of related accessories. The company operates through two primary business segments: Automotive and Financial Services. Beyond automobile manufacturing, Toyota also provides financial and leasing services, telecommunications, information technology, housing, marine, and biotechnology solutions.
Toyota Motor Corporation is a global automotive industry leader manufacturing vehicles in 27 countries or regions and marketing the company's products in over 170 countries and regions, employing nearly 350,000 people globally.
Toyota's net revenue has fully recovered from the dip recorded in its 2020 and 2021 fiscal years due to the COVID-19 pandemic, with 2024 being the best year on record for the company's operating income. During its 2024 fiscal year, the Toyota Motor Corporation reported around 48 trillion Japanese yen in revenue.
Toyota is also recognized as a pioneer of hybrid vehicle technology through the Prius, first launched in 1997, and continues to lead in hydrogen fuel cell development with models like the Mirai.
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