The two companies said they would form a joint venture by the end of March, with 50.25% owned by SoftBank and 49.75% owned by Toyota, to deploy vehicles in a country where 83% of its bus operators aren't profitable. Toyota and SoftBank hope to deliver robot-cooked meals or provide medical checkups using Toyota electric vehicles by the latter half of the 2020s, they said. The two are also studying other services, such as mobile offices, they said. "Many people must be wondering why SoftBank and Toyota are partnering," Toyota CEO Akio Toyoda said, noting that the automotive giant and the technology investor have long been seen as incompatible. But "the automotive industry is at a once-in-a-century transformation, he said, adding that working with SoftBank will be important to unlocking new partnerships in a self-driving, connected era.