Where to invest in Japan's local regions

Toyohashi city

PR video:Toyohashi PV (5 min.)

Promoting Innovation

Abundant local resources such as agriculture

Toyohashi, a City Leveraging Local Resources to Drive Innovation

Regional News

Contact

Industrial Policy Division, Toyohashi City

1 Imahashi-cho, Toyohashi City, Aichi Prefecture (10th Floor, Toyohashi City Hall Higashi-kan), 440-8501

 sangyoseisaku@city.toyohashi.lg.jp

0532-51-2436

Basic information

Population

371 thousand

Labor force

194 thousand

Nominal GDP

1,645.4 billion yen

Number of Establishments

15,993 establishments

JETRO office

  1. Population, Labor force: Population Census 2020, Ministry of Internal Affairs and Communications

  2. Nominal GDP: Aichi Prefectural Citizen's Economic Accounts 2021, Aichi Prefectural Government

  3. Number of Establishments: 2021 Economic Sensus, Statstics Bureau, Ministry of Internal Affairs and Communications

Business Environment

Toyohashi is a vital area located in the central part of Japan, which connects Tokyo, Nagoya, and Osaka. Capitalizing on its rich water resources and well-developed agriculture, commerce, and industries, Toyohashi aims to develop a vibrant city active in production. In addition to the clustering of various enterprises, universities and industrial support agencies engage in advanced technological development. It is possible to develop businesses that take advantage of regional "strengths" and "ties," such as the creation of new industrial technologies and cross-industry collaboration, such as "agriculture & technology." Many "niche-top" type companies, which command dominant shares in market niches, are based here and operate actively in Japan and abroad.

Incentives

Financial Incentives for Newly Established Businesses

Subsidies

Subsidies
<Head office function facilities, R&D facilities, factories, warehouses, etc., established in the designated area at a specified investment amount>
Subsidy of the amount equivalent to fixed asset tax and city planning tax on land, buildings, and depreciable assets is available for 3 years or 5 years.
Subsidy of the amount equivalent to 10% or 20% of the assessed value of fixed assets for buildings and depreciable assets
Subsidy of the amount equivalent to 15% or 20% of the cost of land acquisition

Financial Incentives for Promoting Business

Subsidies

Subsidy
<Head office function facilities, R&D facilities, factories, warehouses, etc., established in the designated area at a specified investment amount>
Subsidy of the amount equivalent to enterprise tax for 3 years or 5 years.

Financial Incentives for Promoting Employment

Subsidies

Subsidy
<Recipients of the Financial Incentives for Newly Established Businesses who have hired a specified number of new or transferred full-time employees for business operation>
New employee or transferee 400,000 yen per person
Transferring children 100,000 yen per child

Startup Visa

Startup Visa Available

Industrial cluster information

Industries related to transport equipment

Located in Aichi Prefecture, home to Japan's largest automobile production cluster, Toyohashi is becoming a hub for car assembly plants and automobile air conditioners and tires manufacturers. Companies building cargo vessels and tankers operate here too. In particular, they command the world's leading market share for car carriers.

Local companies

SHIN KURUSHIMA TOYOHASHI SHIPBUILDING CO., LTD., Musashi Seimitsu Industry Co., Ltd., DENSO Corporation, and JTEKT Corporation

Educational/research institutes of the industry

Toyohashi University of Technology, Research Center for Future Vehicle City

Collaborations between agriculture, commerce and industry

Exploiting the strengths of this area as a cluster of manufacturers and one of the major agricultural areas, various efforts are underway to integrate agricultural business and cutting-edge industrial technologies, such as applying information technology and biotechnology to the field of agriculture.

Local companies

HIRAMATSU SEAFOODS COMPANY, Ltd., YAMASA Chikuwa Co.,Ltd., Inochio Holdings Inc., Toyotane Co.,ltd., DAISEN Co., Ltd.

Educational/research institutes of the industry

SCIENCE CREATE CO,.LTD.

Living environment

Facing the sea, Toyohashi City has a mild climate. There is a hospital that accepts patients 24 hours a day. Toyohashi City Hall, Toyohashi International Association, and other institutions provide free consultation services to foreigners.
Also, there are free Japanese language classes and various communities for foreigners.
People can live comfortably because living costs such as housing are lower than in Tokyo and Osaka.

Logistics and infrastructures

Situated on the halfway point of the Pacific Belt Zone, Toyohashi City enjoys convenient traffic conditions, such as Tokaido Shinkansen and Tomei Expressway. It also has the Port of Mikawa, an international trade port. With its geographical advantage, Toyohashi serves as an important industrial hub for the Port of Mikawa, Aichi Prefecture, and the San-en Nanshin Area. Many leading Japanese and foreign companies are actively operating their business here.
Also, thanks to its rich nature and water resources, the city boasts a robust agricultural sector.

It only takes an hour and a half to Tokyo or Osaka by Tokaido Shinkansen.
Six lines of three railway companies (JR Tokaido Main Line, Ida Line, Meitetsu Nagoya Main Line, Toyohashi Railroad Atsumi Line, and City Line) enable speedy access.

Map of Toyohashi city

Support

Provision of facilities including an incubation office

Success Stories in Toyohashi city

Business Expanding

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