Toyota Motor's Spin-Off OneStream Secures Investment From Three Companies

MT Newswires Live07-16 16:07

Toyota Motor's (TYO:7203) first spin-off from its new-business-creation framework, "BE creation", OneStream, secured investment from three companies, the automaker said in a Thursday release.

The three firms are Kamigumi, Fuku Trans Corporation, and NE Investment. The capital investment will be used to improve port and container logistics in Japan, according to the release.

The platform allows logistics operators to share cargo preparation, transportation, and container loading information, which will allow shippers, warehouse operators, transportation companies, and port-related stakeholders to carry out their operations more efficiently, it said.

Shares of Toyota Motor added over 1% at market close.

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