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Toyota Tsusho Corp (8015.T)

8015.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Engie wins renewable energy project in Egypt and will develop 250MW wind power park
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Engie Sa ::* Signed a contract to build, own and operate (BOO) a 250 MW wind farm together with its consortium partners Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (40%) and Orascom Construction Limited (20%)..* The wind farm will be located in Rhas Gharib on the Gulf of Suez, an optimal site with more than 60% of gross capacity factor. The energy will be sold under a 20-year Power Purchase Agreement to the Egyptian Electricity Transmission Company..* Construction is expected to start end of 2017 and will take approximately 24 months to complete.  Full Article

R&I affirms Toyota Tsusho's rating at "A+" and says stable outlook – R&I
Tuesday, 13 Dec 2016 

Toyota Tsusho Corp <8015.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" – R&I .Rating outlook stable– R&I.  Full Article

Toyota Tsusho to transfer domestic insurance agent business to TOYOTA TSUSHO INSURANCE PARTNERS CORPORATION
Tuesday, 27 Sep 2016 

Toyota Tsusho Corp <8015.T>:Says it plans to transfer its entire domestic insurance agent business to wholly owned unit TOYOTA TSUSHO INSURANCE PARTNERS CORPORATION on July 1, 2017.  Full Article

Ballard, Toyota Tsusho sign agreement for fuel cell products distribution in Japan
Thursday, 18 Aug 2016 

Ballard Power Systems Inc : Ballard and Toyota Tsusho sign distribution agreement for fuel cell products in Japan . TTC will act as a distributor of Ballard-powered fuel cell products in Japan . The initial term of agreement runs to December 31, 2020 . Initial term of agreement runs to December 31, 2020 .Ballard plans to deploy an ex-patriate sales person in Japan to work with TTC on execution of a joint sales plan.  Full Article

Toyota Tsusho plans to merge two units Tomen Electronics, Toyota Tsusho Electronics - Nikkei<8015.T>
Thursday, 30 Jun 2016 

Nikkei: Toyota Tsusho plans to merge two wholly owned units Tomen Electronics and Toyota Tsusho Electronics - Nikkei . New company sees annual sales of around 460 billion yen, based on figures for the year ended in March - Nikkei .Merging two semiconductor trading houses will conclude major restructuring - Nikkei.  Full Article

Sapporo Holdings, along with Toyota Tsusho, acquired Ridgefield's - Nikkei<2501.T><8015.T>
Monday, 6 Jun 2016 

Nikkei: Sapporo Holdings acquired Ridgefield's in collaboration with Toyota Tsusho for $13.9 million - Nikkei .  Full Article

Toyota Tsusho Corp decreases stake in Lilycolor to 9.8 pct from 14.9 pct
Thursday, 19 May 2016 

Lilycolor Co Ltd <9827.T>:Says Toyota Tsusho Corp <8015.T> decreased stake in the company to 9.8 percent from 14.9 percent on May 19.  Full Article

Toyota Tsusho lowers consolidated full-year outlook for FY 2016
Thursday, 21 Apr 2016 

Toyota Tsusho Corp:Says the company lowered the consolidated full-year outlook for the FY ended March 2016.Revenue forecast decreased to 8,150,000 million yen from 8,400,000 million yen.Operating profit forecast decreased to 140,000 million yen from 154,000 million yen.Ordinary profit forecast decreased to 128,000 million yen from 139,000 million yen.Net profit forecast decreased to a loss of 44,000 million yen from 35,000 million yen.Earnings per share decreased to a loss of 125.07 yen from 99.48 yen.Comments that revaluation of business value and impairment loss are the main reasons for the forecast.  Full Article

Toyota Tsusho's stake in Lilycolor to decrease
Wednesday, 2 Mar 2016 

Lilycolor Co Ltd:Says Toyota Tsusho's voting rights in Lilycolor to decrease to 14.94 pct from 20.12 pct, and Toyota Tsusho's holding stake in Lilycolor to decrease to 14.43 pct from 19.43 pct.Effective March 2.  Full Article

Lilycolor cancels capital and business alliance with Toyota Tsusho
Friday, 12 Feb 2016 

Lilycolor Co Ltd:Cancelled a business and capital alliance with Toyota Tsusho on Feb. 12.  Full Article

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Argentina seeks to overtake Chile in South America lithium race

(This version of Nov 13 story corrects paragraph 24 to note that Enirgi investment is through its subsidiary ADY Resources, not as a joint venture with Australia's Admiralty resources)