1. A global W.W. Grainger for industrial machines and tools.

• Machine Trading: Toyo procures and distributes a diverse array of industrial machines to various sectors.
• Tool Trading: The company specializes in the supply and distribution of various professional and industrial tools.

Toshiya Kohno, Representative Director, President and CEO

Toshiya Kohno serves as the Representative Director, President, and CEO of TOYO Corporation. He also holds the position of CEO for the Quantum Computing Company within the corporation.

Toshiaki Matsui, Director, CFO, Senior Executive Officer

Toshiaki Matsui is a Director, the Chief Financial Officer, and a Senior Executive Officer at TOYO Corporation. His responsibilities encompass the Information Systems Division, Accounting Division, General Affairs Division, Logistics Division, Facilities Engineering Division, and Audit Division.

Takeo Kiuchi, Director, CTO, Senior Executive Officer

Takeo Kiuchi serves as a Director, Chief Technology Officer (CTO), and Senior Executive Officer at TOYO Corporation. He is also the CTO for the One Technologies Company and the Engineering Head Office.

Mitsuru Onodera, Director, Managing Executive Officer

Mitsuru Onodera is a Director and Managing Executive Officer at TOYO Corporation. He is responsible for Advanced Communication Technologies, Software Solutions, the Security & Lab Company, and the Nagoya Branch.

Yoshimichi Imaizumi, Director, Senior Executive Officer

Yoshimichi Imaizumi holds the titles of Director and Senior Executive Officer at TOYO Corporation. His areas of responsibility include Advanced Automotive Solutions, EMC & Microwave Systems, and the Utsunomiya Sales Office.

• Rise of B2B e-commerce platforms and direct manufacturer-to-customer sales, bypassing traditional trading companies.
• Advancements in industrial additive manufacturing (3D printing), enabling end-users to produce specialized tools and parts in-house.
• Emergence of "Machine-as-a-Service" (MaaS) and subscription models for industrial equipment, shifting from outright purchase to usage-based agreements.

Toyo Corporation (symbol: TOYO) operates as a technology trading company and a distributor of advanced measurement instruments and systems. The company's main products and services encompass various sectors, including advanced mobility, decarbonization/energy, information and communication/information security, and electromagnetic compatibility (EMC) and antenna systems. They also engage in general machine and tool sales.

The addressable markets for Toyo's main products and services can be broadly categorized under industrial machinery and machine tools, given the company's description as a "machine and tool trading company."

• Global Industrial Machinery Market: This market was valued at approximately USD 717.5 billion in 2025 and is projected to grow to about USD 1,243.9 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2026 to 2033. Another estimate places the global industrial machinery market at USD 745.6 billion in 2025, expected to reach USD 1.23 trillion by 2035 at a CAGR of 5.1% from 2026 to 2035. Asia Pacific held the largest revenue share in this market, accounting for 45.0% in 2025.
• Global Machine Tools Market: This market was estimated at around USD 90.88 billion in 2025 and is projected to reach USD 189.06 billion by 2034, with a CAGR of 8.90% during the forecast period. Other estimates for the global machine tools market size in 2025 range from USD 96.1 billion to USD 117.2 billion, with projections of up to USD 185.76 billion by 2035. The Asia Pacific region dominated the global machine tools market with a 58.00% share in 2025.
• Japan Machine Tools Market: The market size in Japan for machine tools is valued at approximately USD 12.18 billion in 2025 and is projected to grow to USD 26.90 billion by 2034, with a CAGR of 9.6%. Another source indicates the Japan machine tools market is projected to grow from USD 4.65 billion in 2026 to USD 7.39 billion by 2031.
• Japan Tooling Market: The broader Japan tooling market, which includes various tools, was valued at USD 15.6 billion in 2025 and is expected to reach USD 27.3 billion by 2034, growing at a CAGR of 6.38% from 2026 to 2034.

While specific market sizes for Toyo Corporation's specialized measurement solutions within segments like "Advanced Mobility" (automotive autonomous driving, ADAS) or "Decarbonization/Energy" (next-generation batteries, hydrogen fuel cells) are not directly available, these areas are identified as high-growth markets globally, contributing significantly to the company's sales.

Expected Drivers of Future Revenue Growth for Toyo Corporation (TOYO)

Toyo Corporation (TOYO), a machine and tool trading company, is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives outlined in its Medium-Term Management Plan "TY2027" and its longer-term vision "BreakThrough600" by 2030.

1. Expansion of Recurring Business: Toyo aims to transition its business model from solely "selling products" to "selling experiences." This involves actively promoting and growing its recurring revenue streams, such as software product subscriptions, testing and calibration services, evaluation and consulting services, and consumables. The company targets approximately 20% growth in this area within three years.
2. Growth through In-house Product Development: The company emphasizes developing original and customized products to create optimal solutions for customer needs. This includes highly valued and qualified in-house products like the "PI-1000 Oil Particle Counter," which helps optimize maintenance and extend the life of industrial infrastructure through predictive maintenance. Additionally, Toyo's Technical Research Center is focused on developing "Only One" and "Number One" solutions, such as autonomous driving/Advanced Driver Assistance System (ADAS) evaluation technologies.
3. Strategic Expansion of Overseas Businesses: Toyo plans to boost its international sales by establishing new offices in key regions, including Germany, with a broader focus on expanding its business primarily in the US, China, Europe, and Asia. This geographical expansion aims to leverage global market opportunities.
4. Targeted Growth in Key Business Areas: The company is strategically focusing on high-growth segments. These include "Advanced Mobility" (related to electrification and autonomous driving, where it provides test equipment for EV development and AD/ADAS measurement solutions), "Decarbonization/Energy" (expanding sales of fuel cell/water electrolysis evaluation equipment and advanced measurement systems for next-generation batteries and hydrogen), and "Defense" (handling acoustic and radar-related measuring instruments and ship sensors, expecting increased orders due to expanding defense spending).
5. Accelerated Growth through Mergers & Acquisitions (M&A): Toyo plans to actively pursue M&A activities to accelerate business growth. These acquisitions will target both domestic and overseas companies with technologies and customer bases that can enhance existing businesses or facilitate entry into new markets and business segments.

Share Repurchases

• Toyo Corporation authorized an equity buyback for 1,100,000 shares, representing 4.22% of its issued share capital, for ¥1,500 million, announced on August 5, 2026. The company subsequently acquired 730,000 shares for ¥1,499,862,104 between August 6, 2026, and August 24, 2026.
• Between August 12, 2022, and June 15, 2023, Toyo Corporation acquired 1,492,100 ordinary shares for ¥1,999,945,015.
• A retirement of 4,000,000 ordinary shares, representing 15.33% of the total shares issued, is planned for September 18, 2026.

Outbound Investments

• On January 22, 2026, Toyo Corporation announced the acquisition of Sonicguard Co., Ltd., making it a subsidiary.

Capital Expenditures

• Capital expenditures are expected to increase in the medium term, which may put pressure on profit margins.