BookTitleToyota Tsusho 70-Year History

Summary

Toyota Tsusho 70-Year History

care equipment. Care Port Japan was formed in April2001 and entered the nursing care?related businessand health care business with the goal of purchasingnursing care compensation credits and taking over thebilling, payment, and settlement tasks for nursing carecompensation. In April 2008, Toyota Tsusho acquiredall shares of Gatt Rehabilitation, which was expandingcatalog sales for nursing care products wholesalers, togrow its wholesale nursing care products business.In April 2014, affiliate Toyotsu LifeCare was splitinto a Nursing Care Products Rental Division and anOffice Living Environment Division, and the NursingCare Products Rental Division was transferred to GattRehabilitation. In conjunction with the transfer, GattRehabilitation changed its name to Toyota Tsusho AllLife Corp. and became a nursing care product wholesaler.Toyota Tsusho went even further in February 2018 whenit opened customized rehabilitation facility AViC thePhysio Studio in an entry into the self-pay rehabilitationbusiness.Toyotsu LifeCare changed its name to Toyota TsushoFacilities Corp. in April 2014 and expanded its offeringsto specialized office living environments.10 Building SCM in the Textile SectorIn May 2007, Toyota Tsusho concluded a capital andbusiness alliance with Fukuske, the seasoned leg wearand inner wear manufacturer, so that each company couldcapitalize on the other’s product planning, productionprocurement, logistics, and sales expertise to expandbusiness in the practical clothing industry. In October2009, Fukuske became a Toyotsu Group company whenToyota Tsusho purchased its shares. The goal was tocreate synergies in leg fashion with a company thathas outstanding brand recognition through innovativeadvertising activities and take advantage of a businessnetwork of more than 3,000 suppliers. Fukuske wasable to utilize Toyota Tsusho’s overseas network to startits first overseas clothing subsidiary, in Shanghai, inFebruary 2011 to promote leg wear fashion in China.Later, in January 2018, affiliates Toyo Cotton (Japan)Co., Toyotsu Fashion Express Co., Ltd. (TFE), TBUnifashion Corp., and Fukuske, working together underNPO Fairtrade Label Japan, acquired international fairtrade certification from Fairtrade International in thecotton category in keeping with fair trade trends prevalentaroundtheworld.11 Medical and Pharmaceutical BusinessDevelopmentIn May 2011, Toyota Tsusho concluded a contract ofagency in Japan with the Spanish biopharmaceuticalmanufacturing company Genherix, S.A. The biosimilarToyota Tsusho developed in collaboration with Genherix,and to which gene recombination technology has beenapplied, is a generic drug that will be manufactured andsold as a drug with the same indication and efficacy asthe original after the original’s patent expires.As a general trading company in the growing biosimilarmarket, Toyota Tsusho offers domestic Japanesepharmaceutical manufacturers Genherix’s biosimilarproducts and intermediary services for contracting themanufacture of new bio drugs.In April 2012, Toyota Tsusho accelerated explorationand expansion of the business with its establishment ofthe Life and Medical Promotion Department. The newdepartment worked in cooperation with Secom Groupand Kirloskar to engage in hospital management in India.This project served to export Japan’s excellent medicalcare to countries overseas and aimed to contribute toimproving the quality of local medical care over a broadarea.Fukuske men’s socksHistory147