OREANDA-NEWS. Toyota Tsusho Corporation (TSE: 8015) reported consolidated net sales of 4,706.749 billion yen and net income of 58.495 billion yen, or 167.13 yen per share, for the nine months ended December 31, 2012.

Metals
Net sales increased 71.0 billion yen (6.0%) year on year to 1,259.4 billion yen, boosted by recovery in auto production. In the steel business, the Group established a new steel processing center and expanded an existing one's capacity to build an integrated service network in Mexico. In the nonferrous metals business, the Group acquired an equity stake in an Argentine lithium
resources development company, the first investment of its kind by a Japanese company.

Global Production Parts & Logistics
Net sales grew 69.5 billion yen (15.6%) year on year to 516.1 billion yen by virtue of recovery in overseas auto production. P.T. TT Techno-Park Indonesia, a subsidiary established to support small and midsized parts manufacturers' overseas expansion, fully leased the first phase of its industrial park and began leasing the second phase. To expand logistics operations, the Group entered into an agreement to establish a new company as a joint venture with a major Brazilian logistics company.

Automotive
Net sales rose 99.6 billion yen (20.5%) year on year to 584.5 billion yen, buoyed by growth in overseas auto sales coupled with recovery in overseas auto production. The Group acquired shares in CFAO, a major French trading company, and expanded its overseas auto sales network, mainly in emerging-market and resource-producing countries.

Machinery, Energy & Projects
Net sales increased by 75.7 billion yen (8.8%) year on year to 937.8 billion yen, mainly by virtue of growth in petroleum product trading volumes. In the machinery business, the Group entered the construction machinery rental and sales business by acquiring an equity stake in a major Singaporean construction machinery rental/sales company to accelerate its global expansion in the construction machinery market. In the energy and plant project business, the Group became involved in Iraqi reconstruction projects by winning an order from Iraq’s Ministry of Electricity for design, procurement, and construction services related to 24 electric power substations to be built throughout Iraq.

Chemicals & Electronics
Net sales rose 145.4 billion yen (17.3%) year on year to 987.3 billion yen as a result of recovery in auto production and recently-consolidated subsidiary Elematec Corporation's contribution to consolidated sales.