Toyota Tsusho Corp. (TYHOY) Stock Price & How to Invest

Toyota Tsusho is one of Japan's general trading companies (sogo shosha) and the trading arm of the Toyota Group. It buys, sells, ships and processes goods for manufacturers and also owns operating businesses outright. Results are reported in eight divisions. In the year to March 2026, profit attributable to owners was a record ¥370.5 billion, split as Africa ¥94.0 billion, Mobility (car wholesaling and retail outside Africa) ¥63.9 billion, Supply Chain (automotive parts and production logistics) ¥52.8 billion, Circular Economy (scrap, non-ferrous metals, battery materials, chemicals) ¥44.8 billion, Metal+ (steel processing and supply for car plants) ¥43.1 billion, Digital Solutions (semiconductors, electronic parts and IT systems) ¥33.9 billion, Lifestyle (food, grain, insurance) ¥20.7 billion and Green Infrastructure (wind and solar power, machinery) ¥17.9 billion. Revenue was ¥11.56 trillion. As at other trading houses, revenue is mostly goods passing through, so profit is the better measure of size.

The company traces its roots to Toyota Kinyuu Kaisha, set up in 1936 to finance Toyota car sales. Its trading division was spun out as Nisshin Tsusho Kaisha in July 1948, after the postwar break-up of holding companies. It was renamed Toyoda Tsusho in 1956 and Toyota Tsusho in 1987, listed in Nagoya in 1961 and on the Tokyo Stock Exchange's first section in 1977. Mergers with Kasho in 2000 and Tomen in 2006 took it well beyond cars into chemicals, food and electronics, and later energy. It bought into French-listed CFAO in 2012 and made it wholly owned in 2016, which is why Africa is now its largest profit pool. Wind developer Eurus Energy became wholly owned in 2022 and Terras Energy followed in 2024. In July 2025 it consolidated Radius Recycling, a US steel scrap and recycling business, inside Circular Economy.

Toyota Motor Corporation is the largest shareholder, with 21.69% as of March 31, 2026. Toyota Industries held another 11.18% until it tendered all 118,095,432 of its shares into Toyota Tsusho's own buyback at ¥5,620 each, completed June 2, 2026. Toyota Tsusho cancelled those shares on June 30, leaving 944.1 million issued. On a simple calculation that lifts Toyota Motor's stake to roughly 24%. Toshimitsu Imai, a former CFAO executive and head of Toyota's Africa division, has been President and CEO since April 2025. Hideyuki Iwamoto is Executive Vice President and CFO. The group has head offices in Nagoya and Tokyo and 74,927 consolidated employees.

The picture: earnings growth, heavy capital return. Earnings per share have risen every year since the year to March 2022, ROE was 12.8% in the year to March 2026, and the dividend has climbed from a split-adjusted ¥53.33 to ¥120 over those four years, with ¥125 planned next. The April to June 2026 quarter produced a record ¥135.2 billion of profit, and the full-year forecast was raised to ¥430 billion. The cost is a heavier balance sheet: the buyback took net interest-bearing debt from ¥944.0 billion to ¥1.80 trillion in one quarter.

Toyota Tsusho's earnings move with Toyota's global production and sales, so a slowdown in car output, a shift in Toyota's sourcing, or US tariffs on Japanese and Mexican vehicles and parts would reach Supply Chain, Metal+ and Mobility at once. The yen is a major swing factor: management estimated currency added ¥8.5 billion to profit in the June 2026 quarter, when the dollar averaged ¥159 against ¥145 a year earlier, and the revised forecast assumes ¥155, so a stronger yen would cut reported profit. A good part of the current upswing comes from prices the company does not control. The memory-driven jump at TOMEN DEVICES is the part most likely to reverse. Africa, now about a quarter of profit, carries currency, political and import-policy risk in many small markets. The renewable energy business has produced impairments, including ¥11.0 billion in Japan last year. The ¥663.6 billion buyback more than doubled net debt in a quarter, which leaves less room if markets turn. Governance is another consideration: Toyota Motor owns roughly a quarter of the shares and supplies much of the business, so minority holders rely on the board to keep related-party dealings fair. For US holders, TYHOY is an unsponsored ADR traded over the counter, which can mean thin volume, wider spreads, depositary fees and Japanese tax withheld from dividends.

We give no verdict on Toyota Tsusho Corp.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Africa and CFAO. Africa produced ¥94.0 billion of profit in the year to March 2026, about a quarter of the group, up 18% on higher car sales, mainly in West Africa.

The case against. Toyota Tsusho's earnings move with Toyota's global production and sales, so a slowdown in car output, a shift in Toyota's sourcing, or US tariffs on Japanese and Mexican vehicles and parts would reach Supply Chain, Metal+ and Mobility at once.

Read the full bull and bear case on TYHOY, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Toyota Tsusho Corp.'s investor relations page or your broker.

• Revenue (TTM to June 2026): ~¥12.5 trillion
• Operating profit (TTM): ~¥603 billion
• Profit to owners (TTM): ~¥407 billion
• FY to March 2027 forecast (July 2026): ¥630B operating profit, ¥430B profit
• Dividend per share: ¥120 (FY to Mar 2026), ¥125 planned
• Net debt / net DER (June 30, 2026): ~¥1.80 trillion / 0.70x

The trailing figures add the record April to June 2026 quarter to the year that ended in March, so they run ahead of last year's reported ¥370.5 billion profit. The ¥430 billion forecast for the year to March 2027 would be another record and assumes the dollar at ¥155. The quarter delivered 31% of that target, a little ahead of a straight-line pace, with memory and resource prices doing much of the lifting. Earnings per share should grow faster than profit this year because the June buyback removed about 11% of the shares. Net debt roughly doubled and equity shrank, so leverage is the highest it has been in at least two years.

Other names that sit close to TYHOY: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get TYHOY exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so TYHOY sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where TYHOY fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

TYHOY gives exposure to the Toyota production and sales system plus a large African car and healthcare distributor, run by a company that just took on debt to shrink its share count by about 11%. Results hinge on Toyota's volumes, the yen and memory and commodity prices.

Whether TYHOY is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is TYHOY a buy or a sell?, and where the stock could go from here in the TYHOY stock forecast.

For income investors, whether TYHOY pays a dividend and how the payout looks is covered in does TYHOY pay a dividend? And to weigh TYHOY against a peer, read the full side-by-side comparisons: TYHOY vs MARUY and TYHOY vs NUE.