Desk Report,
Toyota chairman re-elected
Akio Toyoda has been re-elected as chairman of Toyota Motor. Akio Toyoda is the grandson of Sakichi Toyoda, the former CEO and founder of Toyota, the world’s top-selling carmaker. He was re-elected at the company’s annual general meeting. This is the first time in three years that many investors have not opposed him. He was elected last year with 72 percent of the vote.
Toyota chairman re-elected
Akio Toyoda has recently faced questions over his $33 billion acquisition of another company. Many investors have already questioned Toyota Motor’s $33 billion purchase of Toyota Industries. Foreign investors have objected to the acquisition. “There has already been a lot of media coverage about Toyota Industries. I think many shareholders thought they knew a lot,” said Toyota Motor shareholder Akihiro Horiuchi. Toyota Motor is the best company in Japan, and I think it will continue to grow.’
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Toyota chairman re-elected
Technology Desk
Published: 14 June 2025, 17:53
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Toyota chairman Akio ToyodaPhoto: Reuters
Akio Toyoda has taken over as chairman of Toyota Motor. Akio Toyoda is the grandson of Sakichi Toyoda, the former CEO and founder of Toyota, the world’s top-selling carmaker. He was re-elected at the company’s annual general meeting. This is the first time in three years that many investors have not opposed him. He was elected last year with 72 percent of the vote.
Akio Toyoda has come under fire for his latest $33 billion acquisition of another company. Many investors have already questioned Toyota Motor’s $33 billion acquisition of Toyota Industries. Foreign investors have objected to the acquisition. “There has been a lot of media coverage of Toyota Industries. I think many shareholders thought they knew a lot. Toyota Motor is the best company in Japan, and I think it will continue to grow,” said Akihiro Horiuchi, a shareholder of Toyota Motor.
Toyota Industries started out as Toyoda Automatic Loom Works. The company, which started in 1926 to manufacture automatic looms, was founded as an automotive division, which later became Toyota Motor. Toyota Motor is trying to acquire forklift-maker Toyota Industries through a complex deal. Chairman Toyoda is said to be investing 1 billion yen of his own money there.
It is said that such acquisitions will be made to restructure Japan’s most powerful corporate group. In this context, foreign shareholders have complained that the intrinsic value of the company is being devalued. They believe that the founding family’s control over the group is being strengthened. According to Toyota Motor, this new acquisition will allow Toyota Industries to reach its short-term profit target. It will increase the dynamics within the entire company.
