Toyota Motor Corporation (Toyota) is an automobile manufacturing company that designs, manufactures, assembles, and sells passenger cars, recreational and sport-utility vehicles, minivans, related parts and accessories, and commercial vehicles such as trucks. The company's business portfolio extends beyond automotive manufacturing to include sectors such as housing, financial services, communications, marine and biotechnology, and afforestation. Additionally, Toyota engages in information technology-related businesses, including a web portal for automobile information called GAZOO.com.

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Toyota's research and development (R&D) efforts are deeply rooted in advancing automotive technology and expanding the boundaries of mobility. Toyota has continued to focus on the development of all-solid-state batteries, aiming for commercialization. The company's R&D activities are driven by the goal of creating environmentally friendly, energy-efficient, and safe vehicle technologies. This includes advancements in hybrid technologies, internal combustion engine fuel economy, and the development of battery electric vehicles (BEVs), fuel cell electric vehicles (FCEVs), and other alternative fuel vehicles. Toyota's R&D also extends to aerodynamics, where they are applying hypersonic rocket technologies to reduce aerodynamic drag in vehicles, a collaboration with Mitsubishi Heavy Industries Ltd. Toyota is also heavily invested in developing advanced safety technologies, automated driving technologies, and connected car technologies. As of March 2026, Toyota remains a leader in patent applications and registrations, with approximately 15,000 patent applications and 9,000 patent registrations. Toyota's intellectual property activities are supported by a global network of R&D centers and collaborations with over 110 law firms worldwide. This intellectual property framework underpins Toyota's commitment to innovation and technological advancement, ensuring the protection and utilization of its inventions, know-how, and brands. In FY2026, the company spent JPY1,522,881 million, which as a percentage of revenue stood at 3%.