
Motor Corporation owns a diverse portfolio of other automotive companies, primarily through significant equity stakes and controlling shares. The most significant ones are Lexus, Daihatsu, and Hino Motors. Beyond these, Toyota holds substantial ownership in Subaru and Suzuki, and has a majority stake in Mazda. This strategy allows Toyota to cover various market segments, from luxury vehicles and compact cars to commercial trucks and off-road specialists.
The core of Toyota's ownership is its "100% wholly-owned" subsidiaries. Lexus is Toyota's luxury division, founded in 1989 to compete with European and American premium brands. Daihatsu is a Japanese manufacturer specializing in kei cars and small vehicles, which Toyota fully acquired in 2016. Hino Motors is a leading producer of diesel trucks and buses, making Toyota a major player in the commercial vehicle sector.
Toyota also strengthens its technological and market reach through strategic partnerships that involve significant cross-ownership. For example, Toyota holds a 20% stake in Subaru Corporation, a collaboration famous for producing sports cars like the Toyota GR 86/Subaru BRZ and advancing all-wheel-drive technology. Similarly, Toyota acquired a 4.94% stake in Suzuki in 2019, a partnership focused on compact cars and the Indian market. Furthermore, Toyota holds a about 5% stake in Mazda, with joint ventures in the U.S. to build cars like the Mazda CX-50 and Toyota Corolla Cross.
| Company | Toyota's Ownership Stake | Primary Focus / Specialty |
|---|---|---|
| Lexus | 100% (Wholly-Owned Subsidiary) | Luxury Vehicles |
| Daihatsu | 100% (Wholly-Owned Subsidiary) | Kei Cars, Mini Vehicles |
| Hino Motors | 50.1% (Majority Stake) | Diesel Trucks & Buses |
| Subaru Corporation | ~20% (Significant Stake) | All-Wheel-Drive, Boxer Engines |
| Suzuki Motor Corporation | ~4.94% (Strategic Partnership) | Compact Cars, Maruti Suzuki India |
| Mazda | ~5% (Strategic Partnership) | Sporty Design, SkyActiv Technology |
| Isuzu | ~4.6% (Minor Strategic Stake) | Commercial Vehicles, Diesel Engines |

You mostly see Toyotas and Lexuses on the road, right? Well, fully owns Lexus—it’s their luxury wing. They also completely own Daihatsu, which makes those tiny cars you see in Japan. For big rigs and buses, they control Hino Motors. Plus, they have big chunks of Subaru and Mazda, which is why you see them collaborating on cars like the GR86. It’s a whole family.

From a business angle, Toyota's ownership is a strategic masterclass. They use full acquisitions like for the luxury market and Daihatsu for mini-vehicles. For specific expertise, they take strategic stakes: around 20% in Subaru for AWD tech and 5% in Mazda for joint manufacturing. This approach minimizes risk while maximizing their reach across every vehicle segment without having to build everything from scratch.

I always thought of as just the Camry and Corolla company. But when my son got into cars, he showed me they own Lexus, which makes sense. They also own Daihatsu, which isn't big here but is huge in Asia. The surprising one was Hino—those big delivery trucks? Yeah, Toyota owns them too. It really shows how massive they are, covering everything from cheap runabouts to luxury sedans.

Toyota's holdings are a key part of its global dominance. It wholly owns and Daihatsu, allowing complete control over the luxury and mini-car segments. Its majority stake in Hino solidifies its position in commercial transportation. Furthermore, its strategic minority holdings in Subaru, Suzuki, and Mazda create powerful alliances for sharing technology, development costs, and accessing new markets, making the Toyota Group a formidable force.


