Japanese Entrepreneurs, Biography, Kiichiro Toyoda, Toyota Motor Corporation, Born in 1894

Kiichiro Toyoda, born 1894, was a Japanese entrepreneur and founder of the Toyota Motor Corporation.

In 1933, he established the Toyota Motor Company and in 1937, he established the Toyota Motor Sales Company.

Toyoda was the first to apply the concept of “jidoka” or automation, to the production of automobiles.

He also developed the “Just-in-Time” production system, which allowed Toyota to reduce costs and increase efficiency.

He was a leader in the Japanese automotive industry, and was awarded the Order of the Rising Sun in 1955.

Toyoda was also known as a philanthropist, donating to educational and medical institutions.

He died in 1952, leaving his son Eiji Toyoda to assume leadership of the Toyota Motor Corporation.

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