economy
February 6, 2026
Major Change at Toyota: Finance Director Takes the Helm Amidst Profit Decline
Japanese auto giant Toyota announced a change at the top of the company at a time when it is facing declining profits and growing global pressures. The current finance director is taking over the role of CEO with a clear message that it is time for stricter control of money and business stability.
TL;DR
- Kenta Kon, Toyota's finance director, will become CEO on April 1st.
- Koji Sato will move to the position of vice chairman and head of the industry.
- Kon aims to focus on money, profit, and key figures to increase profitability.
- Toyota's net profit dropped 26.1% to 16.36 billion euros in the nine months ending December 2025.
- Operating profit decreased by 13.1%, though sales revenue increased by 6.8%.
- US tariffs are estimated to reduce profit by approximately 7.83 billion euros.
- A weaker yen helped boost the forecast for net profit in fiscal 2025 to around 19.28 billion euros.
- The leadership change emphasizes financial discipline and business resilience over expansion.
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