Toyota Motor Corporation (TM) is a leading global automotive manufacturer known for designing, manufacturing, and selling a wide range of vehicles. The company operates in the automotive industry and also provides financial services and engages in other business activities. Toyota sells passenger vehicles, minivans, commercial vehicles, and related parts and accessories, and offers financing and leasing services to support its automotive sales.
- Automotive - Designs, manufactures, assembles, and sells passenger vehicles, minivans, commercial vehicles, and related parts and accessories, with a global reach in approximately 200 countries and regions.
- Financial Services - Provides financing and leasing operations, including retail installment credit and leasing through purchase of installment and lease contracts originated by Toyota dealers.
- All Other - Engages in non-automotive businesses such as information technology-related activities, including the GAZOO.com web portal for automobile information.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Koji Sato ExecutiveBoard | President and CEO | None | Joined TMC in 1992. Held various leadership roles, including Chief Branding Officer and President of Lexus International Co. Appointed President and CEO in 2023. | View Report → |
Simon Humphries ExecutiveBoard | Operating Officer and Board Member | EVP of Calty Design Research, Inc. | Joined TMC in 1994. Known for developing Toyota and Lexus design philosophies and leading branding strategies. Appointed Operating Officer and Board Member in 2023. | |
Yoichi Miyazaki ExecutiveBoard | CFO and Chief Competitive Officer | None | Joined TMC in 1986. Previously served as EVP and Operating Officer. Key achievements include leading hybrid and BEV strategies and strengthening TMC's earnings structure. | |
Emi Osono Board | Outside Board Member | Professor at Hitotsubashi University; Outside Director of Tokio Marine Holdings, Inc. | Academic expert in corporate strategy and innovation. Appointed Outside Board Member in 2023. Provides insights into organizational capabilities and governance. | |
Ikuro Sugawara Board | Outside Board Member | Outside Director of Hitachi, Ltd. and FUJIFILM Holdings Corporation | Former Vice-Minister of the Ministry of International Trade and Industry. Appointed Outside Board Member in 2018. Provides expertise in governance, energy, and environmental policies. | |
Masahiko Oshima Board | Outside Board Member | Advisor at Sumitomo Mitsui Banking Corporation | Former Deputy President of Sumitomo Mitsui Financial Group. Appointed Outside Board Member in 2023. Provides expertise in financial markets and sustainability. | |
Sir Philip Craven Board | Outside Board Member | None | Former President of the International Paralympic Committee. Appointed Outside Board Member in 2018. Contributes to discussions on sustainability and stakeholder engagement. | |
Catherine O’Connell | Outside Audit & Supervisory Board Member | External Audit & Supervisory Board Member of Fujitsu Limited | Legal expert with extensive in-house counsel experience. CEO of Catherine O’Connell Law. Appointed Outside Audit & Supervisory Board Member in 2023. | |
George Olcott | Outside Audit & Supervisory Board Member | Outside Director of Kirin Holdings Company, Limited | Former President of UBS Asset Management (Japan). Appointed Outside Audit & Supervisory Board Member in 2022. | |
Hiromi Osada | Outside Audit & Supervisory Board Member | None | Former journalist at Chunichi Shimbun Co., Ltd. Appointed Outside Audit & Supervisory Board Member in 2024. | |
Katsuyuki Ogura | Full-time Audit & Supervisory Board Member | Outside Audit & Supervisory Board Member of Aichi Steel Corporation | Joined TMC in 1985. Former General Manager of the Affiliated Companies Finance Department. Appointed Audit & Supervisory Board Member in 2019. | |
Masahide Yasuda | Full-time Audit & Supervisory Board Member | None | Joined TMC in 1972. Former President and Chairman of Toyota Motor Corporation Australia Ltd. Appointed Audit & Supervisory Board Member in 2018. | |
Takeshi Shirane | Full-time Audit & Supervisory Board Member | Outside Director of Tokio Marine Holdings, Inc. | Joined TMC in 1977. Held leadership roles at Toyota Motor East Japan, Inc. Appointed Audit & Supervisory Board Member in 2023. |
- With the reduction in your BEV sales forecast in China due to fierce price competition, what specific strategies will you implement to improve your BEV competitiveness and regain market share in this critical market?
- As Chinese BEV exports to Southeast Asia increase, how does Toyota plan to adjust its product launch timing and localization efforts to effectively compete and protect its market position in Southeast Asia?
- Given the rising interest rates, especially in the U.S., impacting financing margins, what measures are you taking to sustain profitability in your financial services segment and mitigate potential declines?
- You mentioned plans to reduce cross-shareholdings and optimize your capital structure; can you provide a timeline for these actions and explain how they will influence your investment strategy in new areas like hydrogen and software?
- Considering global economic uncertainties, especially in China and emerging markets, how will you adjust your production and sales strategies to maintain stability and continue growth in the face of potential market fluctuations?
Research analysts who have asked questions during TOYOTA MOTOR CORP/ earnings calls.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Woven by Toyota, Inc. | 2024 | Toyota acquired shares from Akio Toyoda at a total price of £5,169 million as part of its consolidation strategy, reinforcing its control over the subsidiary. |
one unlisted company | 2023 | Toyota increased its shareholding for 1,000 million yen to drive long-term corporate value enhancement, aligning with medium- to long-term strategic goals. |
Recent press releases and 8-K filings for TM.
- Global investors, including major asset managers like AllianceBernstein, Neuberger Berman, and Schroders, are urging Toyota Motor Corp to provide greater transparency regarding its planned $24.5 billion takeover of Toyota Industries.
- Investors have raised concerns about the valuation process, noting the 23% premium offered is significantly below the 44% average for similar transactions on the Tokyo Stock Exchange, and questioned potential conflicts of interest involving Toyota chairman Akio Toyoda.
- They have called for full disclosure of valuation models, tax assumptions, and third-party appraisals to ensure minority shareholders are protected.
- The tender process for the takeover, initially expected to begin in December, is now likely to start in February 2026 or later, with market reactions suggesting expectations for a higher bid or further negotiations.
- Toyota Motor's approximately $31 billion acquisition of its subsidiary, Toyota Industries, has been delayed due to prolonged antitrust regulatory reviews, postponing the tender offer launch to at least February 2026.
- The proposed tender offer price of ¥16,300 per share represents an 11% discount to Toyota Industries' closing price at announcement, leading to criticism from some minority and institutional investors who argue the offer undervalues the company.
- The buyout, led by Toyota Fudosan, aims to consolidate family control and simplify the corporate structure, with ¥2.8 trillion in financing from major Japanese banks and a ¥1 billion personal investment from Toyota Chairman Akio Toyoda.
- As a result of the delay, Toyota Motor's own share repurchase plan has also been pushed back to March 2026 or later.
- Toyota Motor North America (TMNA) reported September 2025 U.S. sales of 185,748 vehicles, marking a 14.2 percent increase on a volume basis compared to September 2024.
- For the third quarter of 2025, TMNA's sales reached 629,137 vehicles, an increase of 15.9 percent on a volume basis versus the third quarter of 2024.
- Electrified vehicle sales for TMNA totaled 85,092 units in September 2025, representing 45.8 percent of total sales volume.
- In the third quarter of 2025, electrified vehicle sales were 282,794 units, accounting for 44.9 percent of total sales volume.
- The company currently offers 30 electrified vehicle options across its Toyota and Lexus brands.
- Machina Labs announced next-generation manufacturing methods for automotive body panels and accessories using AI and robotics, enabling customized vehicles at mass-production prices.
- Toyota Motor North America is piloting Machina Labs' RoboForming technology for customized production body panels, and Woven Capital (Toyota’s growth-stage venture investment arm) has made a strategic investment in Machina Labs.
- This initiative targets the automotive customization and accessories industry, valued at $2.4 billion in 2024 for trucks alone, by eliminating the need for dedicated tooling and speeding up production changeovers.
- Toyota has suspended production indefinitely at its Porto Feliz engine plant and Sorocaba assembly plant in Brazil due to severe storm damage.
- This disruption impacts the production of models such as the Yaris, Corolla, and Corolla Cross, and has postponed the mid-October launch of the new Yaris Cross SUV.
- The Porto Feliz plant, which produces engines for these models, has an annual capacity of over 100,000 engines.
- The storm caused structural damage, including peeled roof panels and bent steel beams, and there is no estimated time for resumption of operations.
- Toyota's global vehicle sales, including subsidiaries, increased 4% year-over-year to 963,796 units in July 2025, contributing to a 5.4% year-to-date increase to 6,058,731 vehicles in 2025, alongside record-setting production growth for July 2025.
- Despite strong sales, Toyota revised its annual profit outlook downward, expecting a net income reduction of 1.4 trillion yen ($9.5 billion) due to US tariffs.
- Analysts maintain a positive outlook on Toyota's stock, with an 'Outperform' rating and a one-year average target price of $230.47, suggesting a potential upside of over 17% from current prices.
- Toyota Motor Corporation announced the establishment of a new subsidiary, Lexus Electrified Shanghai Co., Ltd., focused on the development and production of BEVs and batteries with a share capital of JPY 107.1 billion.
- The new subsidiary is located in Jinshan District, Shanghai, China and will be fully integrated as a consolidated entity with Toyota holding 100% ownership.
- The change in subsidiary status was disclosed via a Form 6-K report filed on March 17, 2025, confirming that all investment procedures have been completed.