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Toyota CEO Steps Down Amid Industry Scrutiny, Profit Boost

2/6/2026

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Summary

Story summary

Toyota's chief executive officer Koji Sato will step down after three years, replaced by Kenta Kon, the chief financial officer, amid scrutiny over a controversial buyout of Toyota Industries.
Sato will become vice chairman and chief industry officer, and Kon will focus on internal management to enhance decision-making as competition from Chinese automakers intensifies.
Toyota projects a 12% profit outlook boost.

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Story summary

Toyota's chief executive officer Koji Sato will step down after three years, replaced by Kenta Kon, the chief financial officer, amid scrutiny over a controversial buyout of Toyota Industries.
Sato will become vice chairman and chief industry officer, and Kon will focus on internal management to enhance decision-making as competition from Chinese automakers intensifies.
Toyota projects a 12% profit outlook boost.