Section 4. New Business Enterprises
Item 1. Development of New Business Enterprises
Actions taken during and after the 2008 financial crisis
TMC proceeded with business restructuring, liquidating enterprises with little future potential or merging them into other companies.
At the same time, against the background of changes in social trends, such as the emergence of environmental problems, and the paradigm shift in the environment surrounding cars, TMC held a discussion in 2009 among its directors including the company president, related to new business enterprise strategies. As a result, the environment, energy and other fields were identified as those on which TMC should focus without creating boundaries between cars and supporting industries or new fields. Under the Global Corporate Policy in 2010, themes were specifically set and the Business Development Division began taking initiatives focused on the energy field.