TD Mobile, in which DENSO and Toyota Tsusho have invested, announcing transfer of cell phone sales and agency business to newly established subsidiary of ranet

ENGLISH
|
JAPANESE
|
CONNECT WITH US:

Jul 10, 2023 16:54 JST

Source: Denso

TD Mobile, in which DENSO and Toyota Tsusho have invested, announcing transfer of cell phone sales and agency business to newly established subsidiary of ranet

KARIYA, JAPAN, Jul 10, 2023 - (JCN Newswire) - DENSO Corporation and Toyota Tsusho Corporation (Toyota Tsusho) today announced that TD Mobile Corporation (TD Mobile), which is a joint venture of DENSO and Toyota Tsusho has concluded a company split agreement with a newly established subsidiary (the new subsidiary) of ranet Co.,Ltd. (ranet) in relation to its cell phone sales and agency business (excluding some sales stores). TD Mobile will transfer the above business to the new subsidiary as a result of the company split.

TD mobile was established in April 2009 through the separation and integration of the mobile phone sales business, which had been operated by subsidiaries of DENSO and Toyota Tsusho. Since its establishment, TD mobile operated carrier stores and provided mobile phone solutions to corporate users by leveraging the strengths of the two companies. However, DENSO and Toyota Tsusho have decided that it is more appropriate to pursue further growth in this business under the equity of other companies that already have a business base.

ranet, which is the parent company of the new subsidiary, is engaged in the mobile phone sales business as a member of the BicCamera Group, which is a major electronics and home appliances store. It operates 116 carrier stores (as of June 30, 2023, including subsidiaries) across Japan and sells mobile communication products at over 200 electronics stores of the group. TD mobile aims to expand the carrier store business and the business for corporate users under the BicCamera Group while leveraging mutual synergies, including the network of stores and the sales foundation.

DENSO and Toyota Tsusho will rapidly reinforce their focus fields and domains and contribute to the further development of the mobility-centered society while continuing to transform the business portfolio and improve profitability.

For more information, visit www.denso.com/global/en/news/newsroom/2023/20230710-g01/.

Source: Denso
Sectors: Telecoms, 5G, Wireless, Apps

Copyright ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Latest Release

Honda Motor Co, Ltd

Honda Makes Gachaco a Consolidated Subsidiary by Subscribing to New Shares of Gachaco Issued Through Third-party Allotment

Apr 01, 2026 22:09 JST

Denso

DENSO Hosted "DENSO DIALOG DAY 2026", Delivers Mid-Term Management Plan "CORE 2030"
Apr 01, 2026 21:54 JST

Mitsubishi Heavy Industries, Ltd.

MHI President Eisaku Ito Offers Words of Encouragement to New Employees at the Company's 2026 Welcoming Ceremony
Apr 01, 2026 13:35 JST

Mitsubishi Heavy Industries, Ltd.

MHI Completes the Transfer Procedures for its Domestic Onshore Wind Power Business
Apr 01, 2026 13:26 JST

Toyota Motor Corporation

Toyota Motor Corporation aims to join Daimler Truck and Volvo Group as equal shareholder in the fuel cell joint venture cellcentric
Mar 31, 2026 23:39 JST

Honda Motor Co, Ltd

Honda Announces the Establishment of PathAhead Co., Ltd., a Startup Originated from IGNITION, a Honda New Business Creation Program
Mar 31, 2026 21:58 JST

Hitachi, Ltd.

Hitachi Digital Services Strengthens OT-IT Integration with Manufacturing Operations Management Platform
Mar 31, 2026 19:14 JST

Fujitsu and Osaka University of Health and Sport Sciences partner to innovate sports performance with skeleton recognition AI
Mar 31, 2026 17:42 JST

NTT DOCOMO

DOCOMO and SK Telecom Publish White Paper on Requirements for Advancing vRAN and AI-RAN in Mobile Networks
Mar 31, 2026 11:00 JST

NEC Corporation

NEC Supports Ooredoo Algeria in Modernizing Enterprise Network Security with high-performance next-generation firewalls (NGFW)
Mar 31, 2026 10:50 JST

Hitachi, Ltd.

MOL and Hitachi Launch Initiative to Convert Used Ships into Floating Data Centers
Mar 30, 2026 19:21 JST

Resona Holdings, BrainPad, and Fujitsu sign basic agreement for collaboration to transform financial operations with data and AI and advance next-generation data utilization
Mar 30, 2026 15:55 JST

Mitsubishi Heavy Industries, Ltd.

MHI Innovative Combustion Dynamics Laboratory is Established at Kyoto University with the Aim of Developing and Socially Implementing World-Leading Technology
Mar 30, 2026 12:53 JST

Fujitsu launches generative AI service that analyzes source code and automatically generates design documents
Mar 30, 2026 10:41 JST

Eisai

Application Submitted for LENVIMA(R) (lenvatinib) in Japan Seeking Approval of Additional Dosage and Administration for Combination with WELIREG(R) (belzutifan) for Renal Cell Carcinoma that has Progressed After Chemotherapy
Mar 27, 2026 20:14 JST

Hitachi, Ltd.

Hitachi and MUFG Bank expand NextGen model to finance vehicles and charging infrastructure for decarbonized mobility
Mar 27, 2026 19:44 JST

Eisai

Eisai and Nuvation Bio Announce Marketing Authorisation Application for Taletrectinib for the Treatment of Advanced ROS1-Positive Non-Small Cell Lung Cancer Validated by the European Medicines Agency
Mar 27, 2026 18:19 JST

Mitsubishi Heavy Industries, Ltd.

New "L00 Series" Train for the Seibu Railway's Yamaguchi Line Begins Commercial Operation
Mar 27, 2026 16:51 JST

Fujitsu develops high-sensitivity, high-resolution infrared sensor to expand monitoring capabilities in defense and disaster prevention
Mar 27, 2026 14:07 JST

Sharp Corporation

Sharp Develops Long-Range Video Monitoring Technology
Mar 26, 2026 22:39 JST

More Latest Release >>