“Supporting manufacturing” Investment company to establish fund with Toyota and others November 2, 21:39
In order to support the manufacturing of small and medium-sized enterprises, an investment company in Tokyo has agreed to establish a new fund with Toyota Motor Corporation and a major bank to provide financial and technical support.
The new fund will be established by investment company SPARX Group next month with Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, Bank of Tokyo-Mitsubishi UFJ, and Mizuho Bank.
By investing in small and medium-sized enterprises involved in manufacturing and providing the production know-how that Toyota has cultivated over many years, it aims to improve the productivity and technological capabilities of the domestic manufacturing industry.
The size of the fund and candidates for investment destinations will be examined in the future, and the investment company says, "We would like to support companies affected by the new coronavirus and companies suffering from a shortage of successors." I am commenting.