Akio Toyoda Dismantles the "Toyota System"
Toyota Motor Corporation has acquired all shares of its affiliated company, Toyota Industries, for approximately 2.2 trillion yen, leading to its delisting. This marks the largest internal consolidation in Toyota's history and signifies a transformation in the governance structure of Japanese companies. Akio Toyoda is attempting to dismantle the cross-shareholding system that has supported the "Toyota Group" for nearly a century and promote industrial transformation. After the acquisition, Toyota Motor will directly control the upstream manufacturing process, enhance supply chain transparency and production efficiency, reduce costs, and decrease external dependence. Akio Toyoda's reform intentions have long been evident, as he reduces the proportion of cross-shareholdings between manufacturers to give them greater operational independence and raises funds to increase investment in the latest technologies and equipment.
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