Komori
Governance7203TOYOTA MOTOR CORPORATIONAutomobiles and transportation equipment

Corporate Governance Report 2026/06/17

Strategic shareholdings were reduced from 148 holdings at the end of March 2022, including 53 listed holdings, to 114 holdings at the end of March 2026, including 34 listed holdings. The report also explains the performance-linked compensation evaluation metrics and results, as well as the clawback rules introduced in November 2023.

Worth reading
60In focus
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
34
Reduction in holdings (from 148 to 114 holdings)
Wording
Definitive
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Policy on cross-shareholdings

The basic policy is not to hold strategic shareholdings unless their significance is recognized. Where the significance of a holding is not recognized or has diminished, the Company will engage in dialogue with the investee company and proceed with the sale after obtaining its understanding. The number of holdings was reduced from 148 at the end of March 2022, including 53 listed companies, to 114 at the end of March 2026, including 34 listed companies. The balance of strategic shareholdings was ¥3,309.3 billion at the end of March 2026, equivalent to 8.1% of consolidated net assets.

Policy regarding shares of other companies held to maintain business relationships and for other purposes.

Changes this time

The number of strategic shareholdings was reduced from 148 at the end of March 2022 to 114 at the end of March 2026. For performance-linked compensation, the evaluation metrics, evaluation method and evaluation results for the fiscal year under review are disclosed, and clawback rules were introduced in November 2023.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Policy on cross-shareholdingsThe basic policy is not to hold strategic shareholdings unless their significance is recognized. Where the significance of a holding is not recognized or has diminished, the Company will engage in dialogue with the investee company and proceed with the sale after obtaining its understanding. The number of holdings was reduced from 148 at the end of March 2022, including 53 listed companies, to 114 at the end of March 2026, including 34 listed companies. The balance of strategic shareholdings was ¥3,309.3 billion at the end of March 2026, equivalent to 8.1% of consolidated net assets.
Changes this timeThe number of strategic shareholdings was reduced from 148 at the end of March 2022 to 114 at the end of March 2026. For performance-linked compensation, the evaluation metrics, evaluation method and evaluation results for the fiscal year under review are disclosed, and clawback rules were introduced in November 2023.
Items this document does not state (5)
Number of directorsNumber of independent officersCommitteeTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The policy is to hold strategic shareholdings only when, after comprehensively considering factors such as business strategy, business relationships with business partners, and contributions to and cooperation with regional and social development, the holdings are judged to contribute to the enhancement of corporate value over the medium to long term. Where the significance of a holding is no longer recognized or has diminished, the Company will proceed with its sale after engaging in dialogue with the investee company.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Corporate Governance Report 2026/06/17 | TOYOTA MOTOR CORPORATION (7203) timely disclosure | Komori