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Sakichi Toyoda founded Toyota Industries Corporation in 1926, primarily known for his innovations in automobile manufacturing.
Answer: False
Explanation: Sakichi Toyoda founded the company in 1926, but he was primarily known for his innovations in looms and textile machinery. The automobile department was established later and led by his son, Kiichiro Toyoda.
The original name of the company when founded in 1926 was Toyota Automatic Loom Works, Ltd.
Answer: False
Explanation: The original name of the company was Toyoda Automatic Loom Works, Ltd., using 'Toyoda' with a 'd' rather than 'Toyota' with a 't'.
Sakichi Toyoda's 1924 Toyoda Automatic Loom, Type G, was notable for its ability to change shuttles without stopping, significantly increasing productivity.
Answer: True
Explanation: The 1924 Toyoda Automatic Loom, Type G, was indeed a groundbreaking invention by Sakichi Toyoda, featuring the ability to change shuttles without stopping, which led to a twenty-fold increase in productivity.
The Toyoda Automatic Loom, Type G, was registered as item No. 16 in the Mechanical Engineering Heritage of Japan in 2007.
Answer: True
Explanation: The Toyoda Automatic Loom, Type G, received national recognition in 2007 when it was registered as item No. 16 in the Mechanical Engineering Heritage of Japan.
In 1940, Toyota Industries' steel production department was spun off to form Aichi Steel Corporation.
Answer: True
Explanation: In 1940, Toyota Industries' steel production department was indeed spun off to form Toyota Steel Works Ltd., which is now known as Aichi Steel Corporation.
Toyota Industries introduced its first lift truck, the Model LA 1-ton lift truck, in 1952.
Answer: False
Explanation: Toyota Industries introduced its first lift truck, the Model LA 1-ton lift truck, in 1956, not 1952.
Who founded Toyota Industries Corporation and on what date?
Answer: Sakichi Toyoda on November 18, 1926
Explanation: Toyota Industries Corporation was founded by Sakichi Toyoda on November 18, 1926.
What was the original name of Toyota Industries Corporation when it was founded in 1926?
Answer: Toyoda Automatic Loom Works, Ltd.
Explanation: Upon its founding in 1926, the company's original name was Toyoda Automatic Loom Works, Ltd.
What was a key feature of Sakichi Toyoda's 1924 Toyoda Automatic Loom, Type G?
Answer: It could change shuttles without stopping.
Explanation: A key innovation of Sakichi Toyoda's 1924 Toyoda Automatic Loom, Type G, was its ability to change shuttles without stopping, significantly enhancing productivity.
In what year was the Toyoda Automatic Loom, Type G, registered as item No. 16 in the Mechanical Engineering Heritage of Japan?
Answer: 2007
Explanation: The Toyoda Automatic Loom, Type G, was registered as item No. 16 in the Mechanical Engineering Heritage of Japan in 2007.
Which company was formed in 1940 as a spin-off of Toyota Industries' steel production department?
Answer: Aichi Steel Corporation
Explanation: In 1940, Toyota Industries' steel production department was spun off to form Toyota Steel Works Ltd., which is now known as Aichi Steel Corporation.
When did Toyota Industries introduce its first lift truck, the Model LA 1-ton lift truck?
Answer: 1956
Explanation: Toyota Industries introduced its first lift truck, the Model LA 1-ton lift truck, in 1956.
In 1960, the Kyowa plant was modified to exclusively assemble automobiles.
Answer: False
Explanation: In 1960, the Kyowa plant was modified to exclusively assemble lift trucks, not automobiles.
Toyota Industries' Development Laboratories and Toyota Central Research were established in the 1960s and funded by all companies within the Toyota Group.
Answer: False
Explanation: Toyota Industries' Development Laboratories and Toyota Central Research were established in 1960 and funded by ten companies from the Toyota Group, not all companies within the group.
Japan's Ministry of International Trade and Industry recognized Toyota Industries as one of the first Japanese companies to export in 1964.
Answer: True
Explanation: In 1964, Toyota Industries was indeed recognized by Japan's Ministry of International Trade and Industry as one of the pioneering Japanese companies in export.
Toyota Industries began assembling the Corolla in 1971 and reached an output of 3,000 units by 1973.
Answer: True
Explanation: Toyota Industries commenced Corolla assembly in 1971, and by 1973, its production output reached 3,000 units.
In 1986, Toyota Industries received the Deming Application prize for its advancements in automated manufacturing.
Answer: False
Explanation: Toyota Industries received the Deming Application prize in 1986 for its successful implementation of quality control, not specifically for advancements in automated manufacturing.
Toyota Industries established an Environmental Committee in 1991, the same year it reached a production landmark of 5 million units.
Answer: False
Explanation: Toyota Industries reached the 5 million units production landmark in 1991, but the Environmental Committee was established in 1992, not the same year.
The Kyowa plant began assembling automobiles and producing engines in 1953, and by 1960, it exclusively assembled lift trucks.
Answer: True
Explanation: The Kyowa plant began assembling automobiles and producing engines in 1953. By 1960, it was indeed modified to exclusively assemble lift trucks, marking a shift in its primary manufacturing focus.
What was the primary change made to the Kyowa plant in 1960?
Answer: It was modified to exclusively assemble lift trucks.
Explanation: In 1960, the Kyowa plant was primarily modified to exclusively assemble lift trucks, shifting its manufacturing focus.
How many companies from the Toyota Group funded the establishment of Toyota Industries' Development Laboratories and Toyota Central Research in 1960?
Answer: Ten
Explanation: Toyota Industries' Development Laboratories and Toyota Central Research, established in 1960, were funded by ten companies from the Toyota Group.
In what year did Japan's Ministry of International Trade and Industry recognize Toyota Industries as one of the first Japanese companies to export?
Answer: 1964
Explanation: Japan's Ministry of International Trade and Industry recognized Toyota Industries as one of the first Japanese companies to export in 1964.
When did Toyota Industries begin assembling the Corolla?
Answer: 1971
Explanation: Toyota Industries began assembling the Corolla in 1971.
For what achievement did Toyota Industries receive the Deming Application prize in 1986?
Answer: Successful implementation of quality control
Explanation: In 1986, Toyota Industries received the Deming Application prize for its successful implementation of quality control.
What significant environmental initiative did Toyota Industries undertake in 1992?
Answer: Established an Environmental Committee.
Explanation: In 1992, Toyota Industries established an Environmental Committee, demonstrating its commitment to environmental stewardship.
Toyota Industries Corporation is recognized as the world's largest manufacturer of forklift trucks based on revenue.
Answer: True
Explanation: Toyota Industries Corporation is indeed recognized as the world's largest manufacturer of forklift trucks when measured by revenue, a position solidified by strategic acquisitions such as BT Industries.
Toyota-branded forklifts for the US market are manufactured at the Toyota Material Handling Inc. (TMH) facility in Columbus, Ohio.
Answer: False
Explanation: Toyota-branded forklifts for the U.S. market are manufactured at the Toyota Material Handling Inc. (TMH) facility in Columbus, Indiana, not Ohio.
Toyota Material Handling Inc. (TMH) was formed in 2018 by merging Toyota Material Handling USA (TMHU) and Toyota Industrial Equipment Manufacturing (TIEM).
Answer: True
Explanation: Toyota Material Handling Inc. (TMH) was indeed formed in 2018 through the merger of Toyota Material Handling USA (TMHU) and Toyota Industrial Equipment Manufacturing (TIEM), consolidating their sales and manufacturing functions.
The acquisition of BT Industries in 2000, including The Raymond Corporation, led to the creation of the world's largest forklift company.
Answer: True
Explanation: The acquisition of BT Industries in 2000, which included The Raymond Corporation, was a pivotal event that resulted in the formation of Toyota Material Handling Corporation, becoming the world's largest forklift company.
In 2012, Toyota Industries acquired Cascade Corp. for $728 million, a company specializing in automated material handling equipment for airports.
Answer: False
Explanation: Toyota Industries acquired Cascade Corp. in 2012 for $728 million, but Cascade specializes in manufacturing attachments for forklifts, not automated material handling equipment for airports. Vanderlande, acquired in 2017, specializes in airport systems.
T-Hive was formed in 2021 as TICO's solution for autonomous vehicle (AV) software solutions, focusing on automating logistics.
Answer: True
Explanation: T-Hive was indeed formed in 2021 by Toyota Industries as its dedicated group for autonomous vehicle (AV) software solutions, with a focus on automating logistics across various facilities.
Where are Toyota-branded forklifts for the US market manufactured?
Answer: Columbus, Indiana, USA
Explanation: Toyota-branded forklifts for the U.S. market are manufactured at the Toyota Material Handling Inc. (TMH) facility in Columbus, Indiana.
Toyota Material Handling Inc. (TMH) was formed in 2018 through the merger of which two previously separate divisions?
Answer: Toyota Material Handling USA (TMHU) and Toyota Industrial Equipment Manufacturing (TIEM)
Explanation: Toyota Material Handling Inc. (TMH) was formed in 2018 by merging Toyota Material Handling USA (TMHU) and Toyota Industrial Equipment Manufacturing (TIEM, consolidating their sales and manufacturing operations.
What was the outcome of Toyota Industries' acquisition of the Swedish-based forklift truck corporation BT Industries in 2000?
Answer: It resulted in the creation of the world's largest forklift company.
Explanation: The acquisition of BT Industries in 2000 was a strategic move that, combined with existing operations, led to the formation of Toyota Material Handling Corporation, establishing it as the world's largest forklift company.
What type of company did Toyota Industries acquire in October 2012 for $728 million?
Answer: A company specializing in the manufacturing of attachments for forklifts.
Explanation: In October 2012, Toyota Industries acquired Cascade Corp. for $728 million, a company known for manufacturing attachments for forklifts.
Which manufacturer of automated material handling equipment, primarily for airports, did Toyota Industries acquire in 2017?
Answer: Vanderlande
Explanation: In 2017, Toyota Industries acquired Vanderlande, a manufacturer specializing in automated material handling equipment, with a significant focus on airport systems.
What is the primary focus of T-Hive, formed by Toyota Industries in 2021?
Answer: Providing autonomous vehicle (AV) software solutions for logistics automation.
Explanation: T-Hive, established by Toyota Industries in 2021, is primarily focused on developing autonomous vehicle (AV) software solutions to automate logistics processes.
Which company, specializing in intralogistics systems and software, did Toyota Industries acquire in 2022?
Answer: viastore
Explanation: In 2022, Toyota Industries acquired viastore, a company specializing in comprehensive intralogistics systems, software, and related services.
Toyota Industries Corporation's Romanized native name, Kabushiki gaisha Toyota Jidō Shokki, translates to 'Stock Company Toyota Automatic Loom' in English.
Answer: True
Explanation: The Romanized native name, Kabushiki gaisha Toyota Jidō Shokki, directly translates to 'Stock Company Toyota Automatic Loom' in English, reflecting the company's origins in loom manufacturing.
Toyota Industries Corporation is headquartered in Tokyo, Japan, and its shares are traded on the Tokyo and Osaka Stock Exchanges.
Answer: False
Explanation: Toyota Industries Corporation is headquartered in Kariya, Aichi, Japan, not Tokyo. Its shares are traded on the Tokyo and Nagoya Stock Exchanges, not Osaka.
As of March 31, 2019, Toyota Industries Corporation reported total assets exceeding ¥5 trillion.
Answer: True
Explanation: As of March 31, 2019, Toyota Industries Corporation's total assets were reported at ¥5,261,174 million, which indeed exceeds ¥5 trillion.
Toyota Motor Corporation is the sole primary owner of Toyota Industries Corporation, holding over 50% of its shares.
Answer: False
Explanation: Toyota Motor Corporation holds 24.92% of Toyota Industries' common stock, not over 50%, and other entities like the Toyota Group and Denso are also primary owners, meaning Toyota Motor is not the sole primary owner.
Toyota Industries Corporation had approximately 64,000 employees in 2019.
Answer: True
Explanation: In 2019, Toyota Industries Corporation reported a total of 64,641 employees, which is approximately 64,000.
The stock symbol for Toyota Industries on the Tokyo Stock Exchange is TYO: 6201, and on the Nagoya Stock Exchange, it is NAG: 6201.
Answer: True
Explanation: The stock symbols for Toyota Industries are correctly identified as TYO: 6201 on the Tokyo Stock Exchange and NAG: 6201 on the Nagoya Stock Exchange.
Shigeki Terashi serves as the President of Toyota Industries Corporation, while Koichi Ito holds the position of Chairman.
Answer: False
Explanation: The roles are reversed: Shigeki Terashi serves as the Chairman, and Koichi Ito holds the position of President at Toyota Industries Corporation.
What is the English translation of Toyota Industries Corporation's Romanized native name, Kabushiki gaisha Toyota Jidō Shokki?
Answer: Stock Company Toyota Automatic Loom
Explanation: The Romanized native name, Kabushiki gaisha Toyota Jidō Shokki, translates directly to 'Stock Company Toyota Automatic Loom' in English.
Where are Toyota Industries Corporation's headquarters located?
Answer: Kariya, Aichi, Japan
Explanation: Toyota Industries Corporation's headquarters are located in Kariya, Aichi, Japan.
As of March 31, 2019, what was Toyota Industries Corporation's reported net income?
Answer: ¥159,778 million
Explanation: As of March 31, 2019, Toyota Industries Corporation reported a net income of ¥159,778 million.
Which company holds the largest percentage of shares in Toyota Industries Corporation among the listed primary owners?
Answer: Toyota Motor Corporation
Explanation: Toyota Motor Corporation holds 24.92% of Toyota Industries' common stock, making it the largest shareholder among the listed primary owners.
What is the shareholding percentage of Toyota Motor Corporation in Toyota Industries' common stock?
Answer: 24.92%
Explanation: Toyota Motor Corporation holds 24.92% of Toyota Industries' common stock, a strategic holding to prevent hostile takeovers.
What is the stock symbol for Toyota Industries on the Tokyo Stock Exchange, as specified in the source?
Answer: 6201.T
Explanation: The stock symbol for Toyota Industries on the Tokyo Stock Exchange is 6201.T.
Who holds the position of Chairman at Toyota Industries Corporation, according to the provided information?
Answer: Shigeki Terashi
Explanation: According to the provided information, Shigeki Terashi holds the position of Chairman at Toyota Industries Corporation.
The five main business areas of Toyota Industries include automotive, materials handling, and aerospace.
Answer: False
Explanation: The five main business areas of Toyota Industries are automotive, materials handling, electronics, logistics, and textile machinery. Aerospace is not listed as one of its primary business areas.
Toyota Industries Corporation manufactures engines for several Toyota-branded automobiles, including the RAV4 and Land Cruiser.
Answer: True
Explanation: Toyota Industries Corporation manufactures automotive engines for various Toyota models, including the RAV4, Avensis, Corolla, Crown, and Land Cruiser.
The JAT910 air jet loom, manufactured by Toyota Industries in 2024, is limited to weaving synthetic fibers due to its propulsion method.
Answer: False
Explanation: The JAT910 air jet loom is compatible with any type of fiber because it uses air propulsion. It is the LWT810 water jet loom that is limited to synthetic fibers due to its water propulsion method.
Which of the following is NOT one of the main products manufactured by Toyota Industries Corporation?
Answer: Aerospace components
Explanation: Toyota Industries Corporation primarily manufactures textile machinery, materials handling equipment, and electronics devices. Aerospace components are not listed among its main products.
Which of the following is one of the five main business areas in which Toyota Industries is currently active?
Answer: Logistics
Explanation: Logistics is one of the five main business areas in which Toyota Industries is currently active, alongside automotive, materials handling, electronics, and textile machinery.
For which of the following Toyota-branded automobiles does Toyota Industries Corporation manufacture engines?
Answer: Corolla
Explanation: Toyota Industries Corporation manufactures engines for the Toyota Corolla, among other Toyota-branded automobiles like the RAV4, Avensis, Crown, and Land Cruiser.
What is the key difference between the JAT910 air jet loom and the LWT810 water jet loom manufactured by Toyota Industries in 2024 regarding fiber compatibility?
Answer: The JAT910 can use any type of fiber, while the LWT810 is limited to synthetic fibers.
Explanation: The JAT910 air jet loom is versatile and compatible with any fiber type, whereas the LWT810 water jet loom is restricted to synthetic fibers due to its water propulsion method.
Toyota Motor Corporation was spun off from Toyota Industries in 1933, led by Sakichi Toyoda's son, Kiichiro Toyoda.
Answer: False
Explanation: While the automobile department was established in 1933 and led by Kiichiro Toyoda, Toyota Motor Corporation was formally spun off in 1937, not 1933.
Toyota Industries holds a larger share of Toyota Motor Corporation than Toyota Motor Corporation holds of Toyota Industries.
Answer: False
Explanation: Toyota Motor Corporation holds a larger share (24.92%) of Toyota Industries' common stock than Toyota Industries holds of Toyota Motor (8.48%).
Toyota Industries SC is a football club, while Toyota Industries Shuttles Aichi is a rugby union club, both mentioned as related entities.
Answer: True
Explanation: The information provided confirms that Toyota Industries SC is a football club and Toyota Industries Shuttles Aichi is a rugby union club, both listed as related entities.
Toyota Auto Body and Toyota Motor East Japan are listed as current subcontracting subsidiaries for Toyota's vehicle assembly in Japan.
Answer: True
Explanation: Toyota Auto Body and Toyota Motor East Japan are indeed listed as current subcontracting subsidiaries involved in Toyota's vehicle assembly operations in Japan.
Araco and Central Motors are current subcontracting subsidiaries for Toyota's vehicle assembly in Japan.
Answer: False
Explanation: Araco and Central Motors are listed as former subcontracting subsidiaries for Toyota's vehicle assembly in Japan, having merged into other entities, not current ones.
Daihatsu and Hino Motors are also related to Toyota in the context of vehicle assembly in Japan.
Answer: True
Explanation: Daihatsu and Hino Motors are indeed mentioned as companies related to Toyota within the context of vehicle assembly in Japan.
How did Toyota Motor Corporation initially originate from Toyota Industries?
Answer: Toyota Industries established an automobile department in 1933, which was spun off in 1937.
Explanation: Toyota Motor Corporation originated when Toyota Industries established an automobile department in 1933, which was subsequently spun off as a separate company in 1937.
Which of the following is a rugby union club mentioned as a related entity of Toyota Industries?
Answer: Toyota Industries Shuttles Aichi
Explanation: Toyota Industries Shuttles Aichi is explicitly mentioned as a rugby union club related to Toyota Industries.
Which of these companies is listed as a *current* subcontracting subsidiary for Toyota's vehicle assembly in Japan?
Answer: Toyota Motor East Japan
Explanation: Toyota Motor East Japan is listed as a current subcontracting subsidiary for Toyota's vehicle assembly in Japan, while Araco, Central Motors, and Kanto Auto Works are former subsidiaries.
Which of the following companies is mentioned as *formerly* being a subcontracting subsidiary for Toyota's vehicle assembly in Japan?
Answer: Araco
Explanation: Araco is listed as a former subcontracting subsidiary for Toyota's vehicle assembly in Japan, having later merged into Toyota Auto Body.
Besides Toyota Industries itself, which other company is related to Toyota in the context of vehicle assembly in Japan, according to the provided information?
Answer: Daihatsu
Explanation: Daihatsu is mentioned as a company related to Toyota in the context of vehicle assembly in Japan, alongside Hino Motors.