Brief by Shorts91 NewsDesk / 05:02am on 12 Jun 2025,Thursday Business
At Toyota’s annual shareholder meeting on June 12, Chairman Akio Toyoda is facing tough questions over a $33 billion proposal to take key supplier Toyota Industries private. Critics, including Zennor Asset Management and Oasis Management, contend the 16,300 yen/share offer undervalues minority investors, especially given Toyota Industries’ ¥1.5 trillion in assets. Toyota insists the deal benefits all stakeholders, and executives defended it over two hours, their longest AGM ever. The plan forms a new holding company funded by Toyota Motor, Toyota Fudosan, and Toyoda himself. Governance watchdogs remain skeptical: shareholder support for Toyoda dropped from 96% in 2022 to 72% in 2024. The meeting’s outcome could reshape perceptions of Toyota’s corporate governance credibility. (PC: Reuters)
