Toyota Shareholders Overwhelmingly Approve CEO Appointment with 97% Support

Toyota Motor Corporation's annual general meeting on June 17 saw shareholders grant strong approval for the appointment of Kenta Kon as president, with a 97.46% vote in favor, the company disclosed on June 18. The near-unanimous endorsement closely matches the 97.97% approval rate received by former president Koji Sato in 2025, indicating robust confidence in the new leadership. Chairman Akio Toyoda also secured a 95.97% reappointment vote, continuing a recovery from the 71.93% low in 2024 following the certification fraud scandal, with a 96.72% approval recorded in 2025.

In addition to the president and chairman, four other executives were elected as directors with approval rates ranging from 96.46% to 98.94%. The meeting took place amid a complex business environment, including Middle East tensions and the impact of U.S. tariffs, which are expected to influence Toyota's financial performance for the fiscal year ending March 2027.

Toyota filed an emergency report with the Kanto Financial Bureau on June 18, as part of its regular disclosure obligations following the shareholder meeting. The report provides formal documentation of the voting results and other corporate governance matters.