TOKYO - Toyota Motor Corp said on Friday it would merge its housing production and technology development operations with its home building unit.

The company split its housing business and formed Toyota Housing Corp in 2003 but kept some related operations separate, the firm said in a statement.

It has decided to integrate them to achieve faster decision-making, it said.

The automaker entered the home-building business in 1975. It sold about 5,400 houses garnering some 149 billion yen ($1.6 billion) in revenue in the last financial year, less than 1 percent of Toyota's overall revenue. ($1=91.29 Yen) (Reporting by Taiga Uranaka)

Toyota