TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Oct 30, 2020 17:17 JST
Source:
Toyota Motor Corporation
Agreement on New Business and Capital Alliance between Toyota Motor Corp and KDDI
Strengthening the Alliance for a Society in which Towns, Homes, People, and Cars Are All Connected
TOKYO, Oct 30, 2020 - (JCN Newswire) - Toyota Motor Corporation and KDDI Corporation have agreed on a new business and capital alliance today with the purpose of further strengthening the relationship between the two companies. Details of the agreement follow.
Background
Since KDDI's founding in October 2000 through the merger of Daini Denden Inc. (DDI), KDD Corporation, and IDO Corporation, Toyota has been KDDI's second largest shareholder (with 12.95% of shares held as of September 2020). Since 2002, Toyota and KDDI have cooperated on G-BOOK and other services for the telematics business of Toyota. In addition, prompted by the increase in internet-connected vehicles - connected cars - the two companies have been working together since 2016 to build a global communications platform, independent of existing roaming services, to ensure stable high-quality telecommunications around the globe between vehicle communications devices and cloud services. In this and other ways, the companies have been accelerating initiatives to provide safety and comfort through the integration of vehicles and telecommunications.
Details of the Business Alliance
The companies are also accelerating new initiatives that go beyond the borders of their core business of mobility and telecommunications in anticipation of the coming future society in which towns, homes, people and cars are all connected.
The companies will continue working to develop services that enrich people's lives to solve social issues mainly through the use of big data and to promote R&D in the areas of telecommunications and connected car technologies.
The Two Companies' Initiatives Going Forward
- Jointly conducting R&D focused on telecommunication platforms that enable optimal communications between towns, homes, people and cars as communication technologies evolve, including 4G, 5G, and 6G
- Jointly developing an operations and management system for next-generation connected cars to enable sophisticated operations by integrated management of devices, networks, platforms, and services
- Jointly developing services and service platforms that aim to enrich people's lives and ensure their safety and security not only inside or outside of vehicles but also in every scenes
- Jointly working to address social issues arising between urban and rural areas and regional communities using big data about towns, homes, people, cars, and more
Details of the Capital Alliance
Against the backdrop of the aforementioned business alliance, both companies reached the conclusion that it will be necessary to further strengthen their capital ties to promote their strategic alliance over the medium and long terms. The companies agreed to the disposal of 18,301,600 shares of KDDI treasury stock(1) (totaling around 52.2 billion yen) through a third-party allocation with Toyota as the recipient. Therefore, Toyota is expected to hold 13.74% of KDDI's shares. The share acquisition date (payment deadline) is scheduled for January 29, 2021.
(1) KDDI will acquire treasury stock with an upper limit of 84,000,000 shares in total and a total price of 200 billion yen and then dispose of a portion of those shares through a third-party allocation. Furthermore, for details on the treasury stock acquisition, please refer to the press release entitled, "Notice of Decision on Matters Related to Treasury Stock Acquisition."
(2) The shareholding ratio is calculated by dividing the number of shares held by Toyota before and after the third-party allocation of the 2,304,179,550 shares in total issued by KDDI (truncated from third decimal place).
Other company and product names are the trademarks of their respective companies.
Source: Toyota Motor Corporation
Sectors: Daily Finance, Automotive
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
June 30 2025 19:15 JST
Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
June 30 2025 19:10 JST
Implementation of Measures to Enhance Our Corporate Value in Connection with Toyota Industries Corporation
June 03 2025 18:54 JST
Toyota Group to Accelerate Collaboration Towards Transforming into a Mobility Company Through Privatization of Toyota Industries Corporation
June 03 2025 18:16 JST
Construction Begins on New Toyota Tokyo Head Office in Shinagawa, to Open in FY2030
May 27 2025 13:31 JST
Five Toyota Group Companies to Accelerate Skill Development and Innovation in AI and Software
May 23 2025 09:51 JST
New RAV4 Makes World Premiere in Japan
May 21 2025 13:09 JST
Premiere of New bZ Woodland BEV Focused on Driving Performance and Spaciousness in North America
May 16 2025 15:35 JST
TOYOTA GAZOO Racing fights back for double points finish
May 12 2025 14:45 JST
TOYOTA GAZOO Racing Set for Spa spectacle
May 02 2025 18:29 JST
More Press release >>
Latest Press Release
JCB and Mandai Wildlife Group Deepen Partnership with exclusive discounts for JCB cardmembers
Jul 01, 2025 16:00 JST
Fujitsu provides Japan's first AI-powered cloud-based library search service
Jul 01, 2025 11:30 JST
JCB Brings Apple Pay to Cardmembers in Vietnam
Jul 01, 2025 11:15 JST
First Shipment of LNG from the LNG Canada Project
Jul 01, 2025 11:00 JST
Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
Jun 30, 2025 20:30 JST
Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
Jun 30, 2025 20:15 JST
Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
Jun 30, 2025 20:10 JST
Six Companies Establish BlueRebirth Council to Expand Use of Recycled Materials in New Vehicles
Jun 30, 2025 19:25 JST
Honda Changes Plan to Build New Production Plant for Next-generation Fuel Cell Module in Japan
Jun 30, 2025 19:20 JST
MHI-AC&R Receives Recommendation Award of JARAC's 42nd Excellent Energy Saving Equipment Awards
Jun 30, 2025 19:00 JST
The University of Osaka and Fujitsu Japan launch joint research on AI-powered education support for culturally and linguistically diverse children in Japan
Jun 30, 2025 12:00 JST
JCB has launched contactless subway payment services in Shanghai and Beijing, marking the first such service in mainland China
Jun 30, 2025 12:00 JST
Honda Opens "Honda Software Studio Osaka" as New Software Development Operation
Jun 26, 2025 13:30 JST
Honda Issues "Honda ESG Report 2025"
Jun 26, 2025 13:29 JST
Fujitsu's Uvance Wayfinders consulting empowers customers to evolve business foundations leveraging data and AI
Jun 26, 2025 11:00 JST
MHI Receives Contract for Refurbishment of APM System at Singapore Changi Airport
Jun 25, 2025 14:00 JST
Special Summer Event "Tanabata Festival at Anime Tokyo Station" Feature a Public Recording of a Chat and Dramatic Reading by Voice Actors Miina Tominaga and Wataru Takagi on July 7
Jun 25, 2025 11:00 JST
Technica Zen and BSI Professional Services Japan Launch Customizable Training to Strengthen AI Governance in Japanese Companies
Jun 25, 2025 10:00 JST
Executive Appointments in Connection with the Establishment of NESIC Holdings
Jun 23, 2025 19:22 JST
Hua Medicine Announces at 2025 ADA Scientific Sessions that Dorzagliatin Combined with DPP-4 Inhibitor Shows Promise in Reducing Blood Lipids While Restoring Glucose Homeostasis
Jun 23, 2025 13:05 JST
More Latest Release >>