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Toyota Motor Corporation, or TOYOTA for short, is a Japanese automobile manufacturing company headquartered in Toyota City, Aichi Prefecture, Japan and Wenjing District, Tokyo, belonging to Mitsui chaebol. In 2012, a total of 9.73 million cars were sold, and in 2013, it is expected to produce 10.1 million cars, making it the first car factory to achieve an annual output of over ten million units. Toyota is also the parent company of Lexus and Subaru brands, and the largest shareholder of Fuji Heavy Industries. Ranked 8th on the Fortune Global 500 in 2016. In October, Toyota Motor Company ranked 5th among the top 100 most valuable brands globally in 2016. In June 2017, WPP and Kantar Millward Brown jointly released the "2017 BrandZ Global Top 100 Most Valuable Brands" list, with Toyota ranking 30th. On December 18, 2018, the "2018 World Brand 500" compiled by the World Brand Laboratory was released, and Toyota ranked 9th.