wydrukuj poleć znajomym zamów materiały
Od ilu lat pracuje Pani/Pan na różnych stanowiskach menedżerskich:

powyżej 20 lat
powyżej 15 lat
powyżej 10 lat
powyżej 5 lat
poniżej 5 lat
jeszcze nie byłam/-em menedżerem
nie chcę być menedżerem


Subskrypcja najnowszych ofert pracy





Nasi partnerzy:

rp.pl
gazeta.pl
onet.pl
interia.pl
wp.pl

Panasonic and Toyota Agree to Establish Joint Venture Related to Town Development Business 2019.05.11

Toyota City, Aichi / Kadoma City, Osaka, Japan - May 09, 2019 - Panasonic Corporation and Toyota Motor Corporation concluded today contracts aimed toward the establishment of a new joint venture related to the town development business. Both companies aim to fuse the mobility services initiatives promoted by Toyota and the "lifestyle updates" initiatives spearheaded by Panasonic through collaboration based on the establishment of the joint venture, thereby creating new value for the entire town as a whole.

Left: Toyota Operating Officer Masayoshi Shirayanagi, right: Panasonic Senior Managing Executive Officer Makoto Kitano.
Photo courtesy of Toyota
 

Toyota City, Aichi / Kadoma City, Osaka, Japan - May 09, 2019

Panasonic Corporation
Toyota Motor Corporation


Panasonic Corporation ("Panasonic") and Toyota Motor Corporation ("Toyota") concluded today contracts aimed toward the establishment of a new joint venture ("joint venture") related to the town development business.

Both companies aim to fuse the mobility services initiatives promoted by Toyota and the "lifestyle updates" initiatives spearheaded by Panasonic through collaboration based on the establishment of the joint venture, thereby creating new value for the entire town as a whole.

Photo courtesy of Toyota
 
Panasonic and Toyota are committed to realizing improvements in peoples' lives while seeking growth and advancements in the town development business.

A rapid change is expected in this business due to the accelerated deployment of IoT technologies in home appliances, household equipment, etc., as well as the evolution in mobility, such as CASE and "MaaS," a new concept of providing services by connecting cars, public transportation and other means of transportation through IT.

"IoT" stands for Internet of Things. Connecting various electronic devices to the internet enables them to communicate and provide technologies and services such as automatic control, remote operation and measuring.
"CASE" stands for Connected, Autonomous, Shared and Electric.
"MaaS" stands for Mobility as a Service, which means a service that realizes seamless transportation for people through the combination of public transportation, rental cars, taxis, rental bicycles and other means.

In the housing business, in which market competition is anticipated to intensify, the two companies will reinforce the foundation of their business through the integration of their respective housing businesses.

Toyota Operating Officer Masayoshi Shirayanagi.
Photo courtesy of Toyota
 
Kazuhiro Tsuga, President of Panasonic, said:
"In the future, in addition to hardware, the provision of improved services supported by technology will assume a more important role in town development that provides value for customers and the local community. Toyota has been leading the mobility field, and Panasonic has long been serving lifestyle needs of people. We will put our respective strengths together to offer new value in everyday life. Through this collaboration, Panasonic will further challenge itself to continue advancement in the town development business, aiming to deliver the 'ideal lifestyle' for each customer."

Panasonic Senior Managing Executive Officer Makoto Kitano.
Photo courtesy of Toyota
 
Akio Toyoda, President of Toyota, said:
"From here on out, information will link all items and services that support people's daily lives thanks to the development of CASE, and considering this from a broad, community-level and society-level perspective that includes cars―in other words, working from the concept of 'connected cities'―will become important. In order to realize this, I believe that it is important to have a spirit of cooperation with friends and allies, while sharing our goals regarding what kind of future we want to create. I want to take on the challenge of providing a new kind of lifestyle, based on the spirit of always wanting to be better and better, while bringing together the strengths of Toyota, with its vehicle business and connected business, and Panasonic, with its home appliance business, battery business, and IoT business, and enhancing our competitiveness, with the housing business of both companies as the core."

Photo courtesy of Toyota
 
In the town development business, Panasonic, together with various companies, has led the development of sustainable smart towns (SST) as advanced models of town development, which drew considerable attention both inside and outside Japan as successful examples of cutting-edge town development.
"Sustainable smart town"
means a town that realizes its sustainable evolution in pursuing a better life by adopting state-of-the-art technologies and services.

Photo courtesy of Toyota
 
Meanwhile, Toyota has been proceeding with the construction of a "mobility service platform" (MSPF) while enhancing the development of "connected cars," to realize an unrestricted, safe and comfortable mobility society for everyone, and promoting various big data initiatives to benefit both customers and society.

"Mobility service platform" means the information infrastructure for connected cars constructed by Toyota.

Photo courtesy of Toyota
 
In addition, Toyota has also been collaborating with various domestic and overseas companies to create new mobility services.

Through the establishment of the joint venture, both companies are committed to contributing to the realization of more attractive towns, making use of Panasonic's knowledge and digital technology related to living, and Toyota's expertise in mobility.

Photo courtesy of Toyota
 

1. Main Points of the Agreement

• The Panasonic group and Toyota will have the same ratio of equity participation in the joint venture. They concluded a memorandum of understanding with Mitsui & Co., Ltd. ("Mitsui") for the creation of new value related to the town development business, and are continuing discussions regarding the development of the joint venture, including the possibility of Mitsui's equity participation.
The joint venture is expected to be out of the scope of consolidation for Panasonic and Toyota.

• Panasonic will transfer all of the shares owned by itself or indirectly through its subsidiaries as of today in Panasonic Homes Co., Ltd. ("Panasonic Homes"), Panasonic Construction Engineering Co., Ltd. ("Panasonic Engineering") and Matsumura-gumi Corporation ("Matsumura-gumi") to the joint venture. With respect to Panasonic Engineering, such transfer will take place after a Panasonic subsidiary succeeds to part of Panasonic Engineering's business, such as contracted construction work from housing equipment distributors, through an absorption-type company split.
Toyota will make Toyota Housing Corporation ("Toyota Housing") its wholly-owned subsidiary through means such as by causing Toyota Housing to acquire from Toyota group companies and other parties, shares in Toyota Housing, and thereafter transfer all of the shares in Toyota Housing to the joint venture.
Panasonic and Toyota will transfer the relevant shares to the joint venture by a joint share transfer ("transaction").

• From Toyota's side, Toyota Housing will acquire approximately 49% of the shares in Misawa Homes Co., Ltd. ("Misawa Homes") which are owned by Misawa Homes' shareholders other than Toyota Housing by conducting a so-called triangular share exchange, and thereby Toyota will ultimately own the shares in Misawa Homes indirectly through Toyota Housing.

• The joint venture will acquire the shares in Misawa Homes from Toyota Housing after the triangular share exchange.

Photo courtesy of Toyota
 

2. Background and Purpose of the Establishment of the Joint Venture

With the concepts of a "home" or "town" subject to drastic change due to factors such as changes in customer's values and further advancements in mobility, such as in automated driving, and development of communication technology and other fields, the key element required to make a certain town competitive in the town development business may shift from the "location" of that town to "the degree of satisfaction with the service infrastructure for daily life" in that town.

Photo courtesy of Toyota
 
Furthermore, in the domestic housing market, a decrease in the number of new housing starts due to the current demographic situation is expected to lead to an intensified market competition.

Under such circumstances, through establishment of the joint venture, Panasonic and Toyota aim to integrate their respective housing businesses and reinforce the foundation for such housing business in the face of severe market competition.

Photo courtesy of Toyota
 
At the same time, Panasonic and Toyota aim to achieve business growth in the field of town development, which is expected to continue to grow in the future, by making use of the strengths of both companies in the field.

Photo courtesy of Toyota
 
Through the integration of the housing businesses of Panasonic Homes, Toyota Housing and Misawa Homes, Panasonic and Toyota will ensure a top-class position in the domestic housing industry with a supply of approximately 17,000 detached houses.

Both companies will endeavor to reinforce the management structure and further improve profitability through expanding the scale of the business.

Photo courtesy of Toyota
 
The joint venture will set the same ownership ratio between Panasonic group and Toyota in order to secure its autonomous management while continuing to receive support from both shareholders.

Although the joint venture is expected to be out of the scope of consolidation for Panasonic and Toyota, growth and development of the town development business through the combination of the real estate business with technology continues to be an important focus in the business strategies of both Panasonic and Toyota.

Photo courtesy of Toyota
 
The joint venture company will further strengthen its foundation in the housing business through the integration of the housing businesses of both companies, and establish a structure which enables dynamic expansion of the town development business, which will be the core of its future growth.

Photo courtesy of Toyota
 

3. Outline of the Joint Venture

Photo courtesy of Toyota
 

4. Outline of the Subject Subsidiaries

Photo courtesy of Toyota
 

Photo courtesy of Toyota
 

Photo courtesy of Toyota
 

Photo courtesy of Toyota
 

Photo courtesy of Toyota
 

5. Outline of Transaction Structure

Photo courtesy of Toyota
 

6. Schedule of the Transaction

Photo courtesy of Toyota
 

Video
Panasonic and Toyota Agree to Establish Joint Venture Related to Town Development Business

https://www.youtube.com/watch?v=XwYQd1wThBQ  


Photo courtesy of Toyota
 

Contact

Masayoshi Hachisuka
Accounting & Finance Division
Toyota Motor Corporation
1 Toyota-cho, Toyota City Aichi, 471-8571
Japan
Telephone +81-565-23-2005


Photo courtesy of Toyota
 

Source: Toyota Global Newsroom

https://global.toyota/en/  



ASTROMAN Magazine - 2019.04.17

Toyota Premieres Toyota-brand Battery Electric Vehicles Ahead of 2020 China Launch

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2722  


ASTROMAN Magazine - 2019.02.25

Celebrating 10 Million Vehicles Sold and a Best-Ever Year, the Lexus Brand Continues to Grow Globally

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2689  


ASTROMAN Magazine - 2019.02.02

Toyota and SoftBank Joint Venture,  MONET,  Starts Operations

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2674  


ASTROMAN Magazine - 2019.01.23

Toyota and Panasonic Agree to Establish Joint Venture Related to Automotive Prismatic Batteries

https://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2665  



Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, Ph.D.


wydrukuj ten artykuł
  strona: 1 z 1
polecamy artykuły
Selena Group - increase of net profit in the very first quarter of 2019
IBM: Major Ocean Carriers CMA CGM and MSC to Join TradeLens Blockchain-Enabled Digital Shipping Platform
deepsense.ai: A comprehensive guide to demand forecasting with machine learning
Wojciech Kostrzewa nowym Prezesem Polskiej Rady Biznesu
Uroczysta Gala Nagrody Polskiej Rady Biznesu 2019
SpaceX launched 60 Starlink satellites from Space Launch Complex 40 at Cape Canaveral Air Force Station, Florida
ImpactCEE 2019: Danubia NanoTech wins the PowerUp! Grand Final 2019
Panasonic Launches Comprehensive Showroom for Residential Materials such as Kitchens in India
HPE to acquire supercomputing leader Cray. Combined Company Will Drive Next Generation of High Performance Computing
Lilium reveals new air taxi as it celebrates maiden flight
SIEMENS "Local" data processing - Edge Computing simplifies data processing in intelligent factory Amberg
Anno Borkowsky appointed to the LANXESS Board of Management
Application phase for the seventh BASF and Volkswagen "Science Award Electrochemistry" has begun
Selena Group: Tytan mounting foams of the new generation speed up the installation of doors and windows
Prestiżowe tytuły "Inwestor bez granic" przyznane podczas Europejskiego Kongresu Gospodarczego
strona główna  |  oferty pracy  |  executive search  |  ochrona prywatności  |  warunki używania  |  kontakt     RSS feed subskrypcja RSS
Copyright ASTROMAN © 1995-2019. Wszelkie prawa zastrzeżone.
Projekt i wykonanie: TAU CETI.