Outgoing Toyota CEO Koji Sato (L) and incoming CEO Kenta Kon (R) pose throughout a photograph session after a press convention in Tokyo, Japan on February 06, 2026.
Tomohiro Ohsumi | Getty Pictures Information | Getty Pictures
Toyota Motor introduced Friday that Chief Government Officer Koji Sato will step down and get replaced by its Chief Monetary Officer, Kenta Kon, marking the automaker’s second CEO transition in three years.
The management shakeup will take impact on April 1, with Sato assuming the place of vice chairman and a newly created function as chief trade officer.
“Underneath this new management construction, Sato will concentrate on the broader trade, together with Toyota, as Vice Chairman and CIO, whereas Kon will concentrate on inner firm administration as President and CEO,” the corporate stated in a assertion.
In a press briefing following the announcement, Kon likened the swap to Sato changing into “captain of the nationwide crew” and Kon the “membership captain.”
Sato defined the change was made so he might concentrate on leveraging his new roles as chairman of the Japan Car Producers Affiliation and as vice chair of Keidanren, Japan’s most influential enterprise foyer. Sato had been appointed CEO in 2023, succeeding longtime chief Akio Toyoda.
Government Vice President Yoichi Miyazaki will assume Kon’s former place as CFO. In the meantime, Toyota plans to make additional board modifications in June 2026, with Kon becoming a member of as a director and Sato resigning from the board.
Revenue outlook raised
Toyota added that the management modifications will assist pace up decision-making amid trade challenges and speed up its transformation right into a extra diversified mobility firm.
Gross sales income for the December quarter rose 8.6% from a 12 months earlier to 13.46 trillion yen ($85.8 billion), beating LSEG SmartEstimates by about 10%. The estimates are weighted towards forecasts from analysts with stronger historic accuracy.
Working revenue fell 2% to 1.19 trillion yen, reflecting continued stress from U.S. tariffs. The consequence nonetheless topped LSEG’s imply estimate of 1.09 trillion yen.
Shares had been buying and selling up 1.5% on Friday following the information.
Toyota has been rising its concentrate on electrified autos, together with EVs and hybrids, amid robust international competitors.
The corporate stated Friday that electrified autos accounted for practically half of its retail car gross sales within the first three quarters of its fiscal 12 months.
Gross sales had been pushed by robust demand for hybrid autos in areas akin to North America and China.
Toyota raised its full-year working revenue forecast by 11.8%, citing a weak yen and value reductions to assist offset the impression of U.S. tariffs.
