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OSAKA (Kyodo) Tomen Corp. shareholders Tuesday approved the trading house’s planned April 1 merger with Toyota Tsusho Corp., the trading arm of the Toyota auto group, to create what will be the country’s sixth-largest trading house in terms of sales.

Under the merger approved at an extraordinary shareholders’ meeting, Toyota Tsusho will be the surviving company and will retain its name. The merger will mean the end of Tomen, which was established in 1920 as Toyo Menka Kaisha Ltd., a spinoff of the cotton division of Mitsui & Co., one of the country’s largest trading houses. The plan was also approved by Toyota Tsusho’s shareholders.

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