#Japan #Tokyo #Toyota Tsusho #Tricycle #ReSACO

Tricycle Inc. and Toyota Tsusho Collaboration

On December 1, 2023, Tricycle Inc., part of the Cyclers Group, announced a strategic partnership with Toyota Tsusho Corporation aimed at promoting reuse initiatives. This collaboration centers around their reuse matching platform, known as 'ReSACO,' which connects businesses with excess assets to those in need of those assets, fostering a growth in the reuse sector and the development of new circular business models.

The Driving Force Behind the Partnership

Tricycle, headquartered in Shinagawa, Tokyo, is led by CEO Koichi Yamada, and emphasizes the importance of not simply discarding products but preserving their multifaceted value even after usage. This philosophy aligns with the modern demand for a multi-value circulation process, which is crucial for achieving carbon neutrality. The partnership with Toyota Tsusho intends to promote a market for corporate reuse that emphasizes a sustainable approach, reducing waste and encouraging the re-utilization of materials and products.

Toyota Tsusho, based in Nagoya and headed by Toshimitsu Imai, operates under the mission to deliver a better earth to future generations. Their unique environmental strategies make them an ideal partner in the movement toward establishing themselves as a leading provider of circular economy solutions. Together, both companies aim to not only expand the reuse market but also to reintroduce products, parts, and recycling materials back into the economy both domestically and internationally.

Exploring the ReSACO Platform

The 'ReSACO' platform, developed since 2019 by Tricycle, targets the realization of a circular society through the creation and dissemination of innovative business models. This platform has recently been selected for the Tokyo Metropolitan Government's Resource Circulation DX Promotion Project, showcasing its commitment to sustainable initiatives. Furthermore, Tricycle has been in collaboration with FGL Circular Network for recent experimental tests to validate and enhance the functionalities of 'ReSACO.' The platform's official website serves as a portal for businesses eager to engage in recycling and reuse endeavors.

Company Background

Toyota Tsusho Corporation was established in July 1948, with its main offices located in Tokyo and Nagoya. The company focuses on various business operations including domestic and international trade as well as construction contracting, and operates with a capital of approximately 649.36 billion yen.

Tricycle Inc., founded in May 2018, operates with an ethos dedicated to providing optimal methods and pricing for handling unwanted items. Their innovative services include the 'ReSACO' platform and EcoDraft service, which digitizes waste management contracts. With a capital of 10 million yen, Tricycle continues to attract attention for its contributions in the reuse and recycling sectors.

Conclusion

This partnership signifies a vital step toward a sustainable future, where companies pursue innovative ways to harness existing resources. By leveraging the capabilities of 'ReSACO' and both companies' strategic insights, there lies great potential for not just personal enterprise growth, but also environmental sustainability on a broader scale.