Financial Services
Overview
Toyota Financial Services Corporation (TFS) manages financial services subsidiaries in Japan and overseas to provide financing for vehicle purchasing including vehicle loans and leases to approximately 8.6 million customers in 34 countries and regions worldwide.
Within Japan, in addition to vehicle loans, Toyota also provides local and sound financial services such as credit cards and home loans that meet consumer needs and expand its connections with customers. Overseas, Toyota is stepping up collaboration with national and regional distributors to offer financial products and services tailored to specific customer attributes.
Overview of Financial Services
Total assets
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13,172.5 billion yen
|
---|---|
Net revenues
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1,100.3 billion yen
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Operating income
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306.4 billion yen
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Business territories
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34 countries and regions worldwide
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No. of employees
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Approximately 8,000 people
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(As of March 31, 2012)
Year
|
Month
|
Events
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---|---|---|
1982
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June
|
Toyota Finance Australia Ltd. (TFA) established
|
October
|
Toyota Motor Credit Corporation (TMCC) established
|
|
1985
|
November
|
Financial services selected during the process of investigating new business fields. Toyota Motor Corporation (TMC) established an administrative section within its Finance Division
|
1986
|
January
|
New Business Project Committee launched
|
1987
|
August
|
Toyota Motor Finance (Netherlands) B.V. (TMFNL) established
|
1988
|
April
|
Toyota Kreditbank GmbH (TKG) established
|
November
|
Toyota Finance Corporation established
|
|
November
|
Toyota Motor Finance UK (TMFUK) (now Toyota Financial Services (U.K.) Plc [TFSUK]) established
|
|
1989
|
July
|
Toyota Finance New Zealand Ltd. (TFNZ) established
|
1990
|
February
|
Chiyoda Fire Insurance Investment Advisor Co., Ltd. (now Toyota Asset Management Co., Ltd. [TAMCO]) established
|
February
|
Toyota Credit Canada Inc. (TCCI) established
|
|
1993
|
October
|
Toyota Leasing (Thailand) Co., Ltd. (TLT) established
|
1995
|
January
|
TMC launches the Toyota Card in collaboration with Million Card Service Co., Ltd. (currently Mitsubishi UFJ NICOS Co., Ltd.), JCB Co., Ltd., and UC Card Co., Ltd.
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August
|
Toyota Finance Finland Oy (TFF) established
|
|
1996
|
January
|
Toyota Credit de Puerto Rico (TCPR) established
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1997
|
May
|
Toyota Financial Services Italy (TFSI) established
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June
|
Toyota Financial Services France (TFSF) established
|
|
July
|
Toyota Financial Services Norway (TFSN) established
|
|
1998
|
September
|
TMC and Toyota Finance Corporation established Business Planning Department to support entry into credit card business
|
September
|
Toyota Credit Argentina S.A. (TCA) (now Toyota Compania Financiera de Argentina S.A. [TCFA]) established
|
|
1999
|
January
|
Banco Toyota do Brasil S.A. (BTB) established
|
October
|
TMC transferred credit card business to Toyota Finance Corporation
Launch of new credit card announced |
|
2000
|
February
|
Toyota Financial Services Sweden (TFSSW) established
|
March
|
Toyota Bank Polska S.A. (TBP) established
|
|
April
|
Toyota Financial Services South Africa (Pty) Ltd. (TFSSA) established
|
|
May
|
Toyota Financial Services Czech s.r.o. (TFSCZ) established
|
|
July
|
Toyota Financial Services Corporation established
Financial services subsidiaries including Toyota Financial Services Securities Corporation established |
|
2001
|
April
|
TS CUBIC CARD launched
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October
|
Toyota Services de Venezuela, C.A. (TSV) established
|
|
October
|
Toyota Services de Mexico, S.A. de C.V. (TSM) (now Toyota Financial Services Mexico, S.A. de C.V. (TFSMX) established
|
|
December
|
Shares in Seabanc GE Capital Sdn Bhd (now Toyota Capital Malaysia Sdn. Bhd. [TCAPM]) acquired
|
|
2002
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March
|
Toyota Financial Services Denmark A/S (TFSDK) established
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March
|
Toyota Financial Services Hungary Zrt. (TFSH) established
|
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August
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Toyota Financial Services Philippines Corporation (TFSPH) established
|
|
December
|
Shares in Hotai Finance Corporation (HFC) acquired
|
|
2003
|
March
|
Toyota Financial Services Espana (TFSES) established
|
2005
|
January
|
Toyota Motor Finance (China) Co., Ltd. (TMFCN) established
|
January
|
Toyota Financial Services Slovakia s.r.o. (TFSSK) established
|
|
February
|
Toyota Financial Services Korea Co., Ltd. (TFSKR) established
|
|
2006
|
February
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Shares in PT KDLC Bank Bari Finance (now PT Toyota Astra Financial Services [TAFS]) acquired
|
April
|
Handling of QUICPay, a deferred payment electronic money service, commenced
|
|
2007
|
April
|
ZAO Toyota Bank (TBR) established
|
2008
|
October
|
Toyota Financial Services Vietnam Co., Ltd. (TFSVN) established
|
2011
|
May
|
Toyota Financial Services India Ltd. (TFSIN) established
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December
|
Toyota Finance Corporation's total active credit card holders topped 10 million
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