Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki-gaisha Toyota Jidō Shokki) is a Japanese machine maker, founded in 1926 by Sakichi Toyoda, it was originally called Toyoda Automatic Loom Works, Ltd. Today, the head office is located in the city of Kariya, Aichi. Its automobile department led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda, was established in 1933. The department was spun out as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation. Toyota Industries is one of 13 core companies of the Toyota Group. The company owns 5.55% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 23.5% of common stock of its parent company Toyota Industries.
Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana.
Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz/Yaris and the Toyota RAV4. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis, Corolla, Crown, Land Cruiser.
In 2000, Toyota Industries aquired the Swedish-based forklift truck corporation BT Industries. Combined with Toyota Industries materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.
