Earnings summaries and quarterly performance for TOYOTA MOTOR CORP/.
Research analysts who have asked questions during TOYOTA MOTOR CORP/ earnings calls.
N
Nagai
TV Tokyo
2 questions for TM
S
Sato
JPMorgan Security
2 questions for TM
Also covers: IX, NMR
TT
Takao Tsuchioka
Nikkei Cross Tech
2 questions for TM
T
Taniga
Car Watch
2 questions for TM
TA
Taruno Akira
NHK
2 questions for TM
Y
Yao
Nikkei newspapers
2 questions for TM
F
Fukui
Nikkan Jidosha Newspaper
1 question for TM
F
Fukuyi
Nikkan Jidosha Shimbun
1 question for TM
IM
Ikeda Mio
Sankei Newspaper
1 question for TM
I
Inagaki
Indiscernible
1 question for TM
MI
Mr. Ikeda
Not Disclosed
1 question for TM
MY
Mr. Yao
Not Disclosed
1 question for TM
TI
Tsuyoshi Inajima
Bloomberg
1 question for TM
UA
Unknown Analyst
Morgan Stanley
1 question for TM
Also covers: ATEYY, BDORY, BSBR +19 more
Recent press releases and 8-K filings for TM.
Toyota Announces New CEO and Management Changes
TM
CEO Change
CFO Change
Management Change
- Toyota will appoint Kenta Kon as president and CEO on April 1, with Koji Sato transitioning to vice chairman and a newly created chief industry officer role.
- The management reshuffle, which also includes Yoichi Miyazaki becoming CFO, aims to accelerate decision-making and sharpen profitability amidst intensifying competition and a shifting EV landscape.
- Kon, known for his strict cost control and finance-first mindset, is expected to focus on internal management, earnings improvement, and lowering break-even volumes.
38 minutes ago
Toyota Motor Corporation Announces Q3 FY2026 Results and Full-Year Forecast
TM
Earnings
Guidance Update
Dividends
- For the first nine months of FY2026 (April 1, 2025, through December 31, 2025), Toyota Motor Corporation reported sales revenues of 38,087.6 billion yen, an increase of 6.8% year-over-year. Operating income decreased by 13.1% to 3,196.7 billion yen, and net income attributable to Toyota Motor Corporation decreased by 26.1% to 3,030.8 billion yen.
- The company's full-year FY2026 forecast projects sales revenues of 50,000.0 billion yen, operating income of 3,800.0 billion yen, and net income attributable to Toyota Motor Corporation of 3,570.0 billion yen. Basic earnings per share are forecasted at 273.91 yen.
- The FY2026 operating income forecast includes a significant 1,450.0 billion yen negative impact from U.S. tariffs.
- At the end of FY2026 third quarter, total assets increased by 8,743.2 billion yen to 102,344.5 billion yen, and shareholders’ equity increased by 3,113.6 billion yen to 39,992.5 billion yen. The forecast for dividend per share for FY2026 is 90 yen.
14 hours ago
Toyota Motor Corporation Announces Executive Leadership Changes
TM
CEO Change
Management Change
New Projects/Investments
- Toyota Motor Corporation (TM) announced executive changes effective April 1st, with Koji Sato transitioning from President and CEO to Vice Chairman and Chief Industry Officer, and Kenta Kon (CFO of Woven by Toyota) appointed as the new President and CEO.
- The organizational change aims to address management challenges by enhancing the company's earning power and accelerating industry collaboration.
- Kenta Kon will focus internally on driving initiatives to strengthen the financial foundation and enable investments in future technologies, leveraging his expertise in accounting and finance.
- Koji Sato will concentrate his efforts on broader industry engagement, including the Japan Automobile Manufacturers Association and Keidanren, to accelerate the pace of collaboration.
- Both leaders affirmed that Toyota's core vision of "ever better car making" and "Fun to Drive" will continue to be strongly promoted under the new leadership.
15 hours ago
Toyota Motor Corporation Announces CEO Transition and Executive Structure Changes
TM
CEO Change
Management Change
New Projects/Investments
- Toyota Motor Corporation announced executive changes on February 6, 2026, effective April 1, with Kenta Kon appointed as the new President and CEO.
- Koji Sato, the outgoing CEO, will transition to Vice Chairman and Chief Industry Officer (CIO), focusing on broader industry collaboration.
- The executive restructuring is designed to address management challenges by enhancing the company's earning power and accelerating industry collaboration.
- Kon, with his background in accounting and finance, will focus internally on driving initiatives to improve earning power, while Sato will concentrate on external industry roles.
- The company's strategy includes reducing break-even volume points to maintain revenue stability even in challenging environments.
16 hours ago
Toyota Motor Corp Announces Executive Leadership Transition
TM
CEO Change
Management Change
New Projects/Investments
- Toyota Motor Corp (TM) announced a leadership transition effective April 1st, with Kenta Kon appointed as the new President and CEO, and the current president, Sato-san, moving to Vice Chairman and Chief Industry Officer.
- Kenta Kon, with a background in accounting and finance, will focus internally on enhancing the company's earning power and financial foundation.
- Sato-san's new role as Vice Chairman and Chief Industry Officer will concentrate on accelerating broader industry collaboration to maintain the car industry's international competitiveness.
- The organizational change aims to address management challenges by improving productivity and fostering collaboration, while upholding the core mission of "making ever better cars".
17 hours ago
Toyota maintains top automaker position in 2025
TM
Revenue Acceleration/Inflection
Demand Weakening
- Toyota sold a record 11.3 million vehicles in 2025, marking a 4.6% increase and securing its position as the world's top-selling automaker for the sixth consecutive year.
- This sales growth was primarily driven by strong demand in the U.S. and Japan, robust sales of hybrids (accounting for approximately 42% of parent-brand sales), and contributions from Lexus and subsidiaries.
- Global production climbed approximately 5.7% year-on-year to roughly 11.22 million units in 2025, as Toyota recovered from prior certification and recall disruptions.
- U.S. tariff policy, including a 25% tariff on Japanese automobiles imposed in April 2025 (later reduced to 15% in September), weighed on Toyota's profitability.
- Battery-electric vehicles still represent a small share of parent-brand sales, making up about 1.9% of Toyota's global vehicle sales.
Jan 29, 2026, 6:13 AM
Toyota Industries Privatization Faces Activist Opposition from Elliott Management
TM
M&A
Takeover Bid
Proxy Vote Outcomes
- Toyota's plan to take Toyota Industries private with an offer of ¥18,800 per share, valuing the company at approximately $27.8 billion, is being challenged.
- Activist investor Elliott Investment Management, which holds 6.7% of Toyota Industries, argues the offer undervalues the company by about 40%.
- Elliott may need an additional 7% of votes to block the transaction by the Feb. 12 tender deadline, as passive index holders (about 19% of voting rights) could refuse to tender at the current price.
- The dispute is seen as a test of evolving corporate governance in Japan, with Elliott potentially increasing its stake or mounting a counterbid.
Jan 28, 2026, 4:09 PM
Elliott Opposes Toyota Industries Buyout
TM
M&A
Takeover Bid
- Elliott Investment Management is opposing the Toyota Group’s proposed ¥6.1 trillion ($39 billion) take-private of Toyota Industries, urging minority shareholders not to tender their shares.
- Elliott, now the largest minority investor with a stake above 5%, argues the revised offer of ¥18,800 per share significantly undervalues the company, estimating its intrinsic net asset value at approximately ¥26,000–¥26,134 per share.
- The hedge fund has proposed a standalone plan that it believes could lift Toyota Industries' valuation to more than ¥40,000 per share by 2028.
- Elliott warned that allowing the revised tender offer to succeed would negatively impact Japan’s corporate governance reforms and investor interest.
Jan 18, 2026, 11:33 PM
Toyota Motor Corporation Amends Share Repurchase Tender Offer Terms
TM
Share Buyback
M&A
New Projects/Investments
- Toyota Motor Corporation (TMC) has increased the maximum Tender Offer Price cap for its own shares from 2,691 yen (based on June 2, 2025) to 3,641 yen (based on January 13, 2026).
- This change revises the total purchase price for the share repurchase to up to 4,341,277,243,820 yen.
- The company plans to fund the repurchase from its own capital, with consolidated on-hand liquidity expected to be 3,771,627 million yen after the transaction, down from 8,112,922 million yen as of September 30, 2025.
- The maximum number of shares to be purchased remains 1,192,331,020 shares.
- Additionally, the total Contribution amount for non-voting preferred shares was increased from 706 billion yen to up to 800 billion yen.
Jan 14, 2026, 11:02 AM
Toyota Raises Tender Offer for Toyota Industries
TM
M&A
Takeover Bid
New Projects/Investments
- Toyota has increased its tender offer for Toyota Industries to ¥18,800 (about $118) per share, valuing the company at approximately ¥5.6 trillion (about $35 billion).
- The offer, driven by Toyota Motor and its real-estate arm Toyota Fudosan, aims to take Toyota Industries private to align long-term plans and deepen group collaboration, with an acceptance window from January 15 to February 12.
- Toyota boosted its funding commitment for the privatization to ¥800 billion.
- This revised bid follows activist investor Elliott's argument that the original proposal undervalued the business.
Jan 14, 2026, 8:16 AM
Fintool News
In-depth analysis and coverage of TOYOTA MOTOR CORP/.
Corporate
Toyota Names CFO Kenta Kon as CEO After Profit Slumps 43% on Tariff Impact
10h ago
Market Participants
Elliott Calls Toyota's $39B Take-Private 40% Undervalued, Proposes Path to Double Value
Jan 19
Macro
Japan's Takaichi Calls Snap Election as Bond Yields Hit 27-Year Highs
Jan 19
Deals & Capital Markets
Toyota Raises Buyout Offer to $35 Billion After Elliott Pressure
Jan 15
Quarterly earnings call transcripts for TOYOTA MOTOR CORP/.
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