Akio Toyoda stays in power despite buyout controversy
- Toyota shareholders voted on June 12, 2025, to reappoint Akio Toyoda as chairman.
- During the meeting, discussions centered on privatization plans for Toyota Industries, which involve a bid of ¥4.7 trillion.
- Despite some investor concerns, Toyoda's leadership received renewed support from shareholders reflecting confidence in stability.
In Japan, during Toyota Motor Corporation's annual meeting held on June 12, 2025, shareholders made vital decisions regarding the company's leadership. Among the notable events was the reappointment of Akio Toyoda as chairman of the board, a reflection of his ongoing influence within the company. This meeting marked Toyoda's first public engagement after the announcement of a significant ¥4.7 trillion ($32.4 billion) bid aimed at privatizing Toyota Industries. Remarkably, discussions surrounding the privatization were absent, highlighting a potential divide between management and shareholder concerns. Significant proxy advisory firms, initially against Toyoda's reelection in 2024, reversed their positions, endorsing his continuity ahead of the discussion.