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Regional Information Toyohashi city

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Industrial Policy Division, Toyohashi CityExternal site: a new window will open.

1 Imahashi-cho, Toyohashi City, Aichi Prefecture 440-8501,
Tel: +81-532-51-2440 Fax: +81-532-55-9090
sangyoseisaku@city.toyohashi.lg.jp

Toyohashi city

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The information below is as of November 2017. (Basic Information: September 2018)

Basic Information

Population *1 0.38 million
Labor force *1 0.2 million
Area (square kilometer) *2 261.0
GDP *3

1,535,200 million yen

Major industries Foodstuff manufacturing, transport Equipment manufacturing, production machinery and tools manufacturing, metal products manufacturing, plastics
Wage *4
Initial wage for university graduates(Average)
*
Initial wage for college of technology/junior colledge graduates (Average)
*
Initial wage for upper secondery school graduates (Average)
*
Scheduled cash eanings (Average)
*
Land price(for 1square meter) *5
Land price for industrial use (Average)
*
Land Price for Commercial Use (Average)
*
Number of Establishments *6 16,729
Number of Employees *6 177,161
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Regional Profile

Strength of the region's industries and economy

Toyohashi is an important area located in the central part of Japan, which connects Tokyo, Nagoya, and Osaka. Based on its rich water resources and high development of agriculture, commerce, and industries, Toyohashi City is trying to become a city active in manufacturing.
In addition to the fact that various companies are accumulated here, there are also universities and industrial support organizations engaged in advanced technology development, which realizes the business development that takes advantage of the “strong points” and “relations” of the community, that is, the creation of industrial technology and the relation between the different industries.
There are many “niche-top” type companies, having large market share in a niche area, operating actively in Japan and abroad.

Foreign company(s) operating in the industry

Major companies that have headquarters in Toyohashi City

In toyohashi
The Volkswagen group Japan

Major companies that have plants, research facilities, and bases in Toyohashi City

Volvo car Japan
Dana Japan, LTD.
POSCOJapanPC
Fiat Chrysler Japan
Nippon Pop Rivets and Fasteners Co., Ltd.
Nippon Juice Terminal
Lanxess in Japan

Available incentives

Toyohashi City offers a top-level preferential system in Japan for companies that have been newly located in the city. The city also has a preferential system for investment in the city by companies that have established an office and for equipment investment in the field of leading-edge technology.

Incentive name

Financial Incentive for Newly Located Companies

Incentive type Subsidy
Incentive target industries

manufacturing and distribution industries

Outline of Incentives (Requirements etc.)

Toyohashi City offers subsidy of:
- the equivalent of the amount of the fixed property tax and the city planning tax on land, residential buildings, and depreciable property, such as the industrial facilities in which the operations are conducted, plants, and warehouses, for three or five years.
- 10% or 20 % of the amount invested in fixed property such as residential buildings and depreciable property.

Requirements

Large companies: Invested fixed assets with a total of 240 million yen or more (for land acquisition), or 120 million yen (for renting or using land already obtained)
Small and medium-sized enterprises: Invested fixed assets with a total of 60 million yen or more (for land acquisition), or 30 million yen (for renting or using land already obtained)

Incentive name

New Business Promotion Incentive

Incentive type subsidies
Incentive target industries

Manufacturing / distribution

Outline of Incentives (Requirements etc.)

Toyohashi City offers subsidies equivalent to the amount of enterprise tax for three or five fiscal years.

Requirements

Being the object of business facility tax

Incentive name

Financial Incentives for the Promotion of Employment

Incentive type Subsidy
Incentive target industries

Manufacturing / distribution

Outline of Incentives (Requirements etc.)

Subsidy amount: 400,000 yen per new permanent employee for eligible companies that have employed such employees in starting a new operation

Requirements

20 or more new employments upon operating business (5 or more for small and medium-sized enterprises)

Incentive name

Financial incentives for the promotion of environmental improvement

Incentive type subsidies
Incentive target industries

Manufacturing / distribution

Outline of Incentives (Requirements etc.)

Subsidy amount: targeting eligible companies, 1/3 of the equivalent amount to expenditure on installation of environmental-friendly facilities, e.g., photovoltaic power generation facilities, rainwater recycling facilities and green spaces, in starting a new operation

Requirements

Photovoltaic power generation facility with the generation capacity of 30kw or more
Rainwater recycling facility with storage capacity of 100t or more
Development of green space that takes up 10% or more of the site area (area exceeding the statutory scope in the case where there is a mandatory area under the Factory Location Act)

Incentive name

Subsidiaries Program to Attract Tenant Offices

Incentive type Subsidies
Incentive target industries

Manufacturing, information and communications, academic research, specialized and technical services

Outline of Incentives (Requirements etc.)

Amount equivalent to 1/2 or 2/3 of the monthly rent of office is granted.

Requirements

To newly expand into the City by newly renting an office

Services for investment in Japan

Support for establishing a base Provision of facilities including a incubation office

Science Create Co., Ltd. provides the following support measures for foreign-affiliated companies that are considering establishing an office in Toyohashi City.
- Consultation on technologies
- Research incentives
- Technical exchange with institutions or universities
- Inter-company exchange
- Other various consultation services