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  "documentTitle": "Toyota Industries Corporation (6201)",
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      "text": "Increasing the share of smart logistics within Automation Systems portfolio would enable TICO to play in higher value-added segments and unlock value",
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      "text": "Today: Primarily traditional hardware-focused business -> Ambition: Software-centric, end-to-end offering with Viastore integration across brands",
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      "text": "TICO's Automation Systems business has historically been project-based, capital-intensive automation systems. While some software capabilities are present with Viastore, it is under-leveraged and not deeply integrated across brands. Industry peers (Swisslog, Körber) have positioned themselves as smart logistics providers. Focusing on smart logistics solutions helps TICO grow in more profitable, value-added markets and to improve margins.",
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      "text": "Further build out of capabilities in software and logistics. Integrate Viastore's software platform across the brands. Create a dedicated unit within TALG to push smart solutions offering – may need to be more independent. Shift business model from project-based to modular software offerings, separating software from hardware in pricing and go-to-market",
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      "text": "+15 basis points on operating margin",
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      "text": "Source: Company Materials, Leading Management Consulting Firm.",
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