SPARX Group, Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, and Mizuho Bank Form Partnership to Establish a New Fund

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SPARX Group Co., Ltd.
Toyota Motor Corporation
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Bank, Ltd.

TOKYO―November 2, 2020―SPARX Group Co., Ltd., #toyota Motor Corporation, #sumitomomitsuibankingcorporation, #mufgbank, Ltd., and #mizuhobank, Ltd. announced today that they have signed a memorandum of understanding (MOU) to establish a new fund.

The fund will aim to invest in companies that are related to Japanese monozukuri (manufacturing). The partnership's primary purpose is to contribute to the development of Japanese monozukuri by helping the companies with superior technology and human resources implement the #toyota Production System (TPS) and formulate management strategies, through the sustainable growth of these companies.

This objective is in line with the SDGs that the international community is addressing (including "decent work and economic growth" and "industry, innovation, and infrastructure"). Thus, the #partnership will contribute to society by improving competitiveness in Japanese monozukuri in the face of the prolonged impact of COVID-19.

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