Toyota Taps CFO Kenta Kon As Next CEO In Leadership Reset

by | Feb 6, 2026 | General

Toyota Motor Corporation (NYSE:TM) stock rose Friday after the automaker outlined a management overhaul and posted better-than-expected quarterly results.

Toyota said it will revamp its leadership structure starting April 1, 2026.

Quarterly Earnings Beat

The company reported third-quarter earnings of $6.26 per share, beating analysts’ expectations of about $3.80 per share.

Toyota also posted quarterly revenue of $87.362 billion, topping the estimate of $83.780 billion.

Toyota raised its full-year forecast for fiscal 2026, with operating income now expected to reach 3.8 trillion yen, up from the previous forecast of 3.4 trillion yen, though still down 1.0 trillion yen from fiscal 2025 results. Sales revenue is projected to reach 50.0 trillion yen, up 1.0 trillion yen from the previous forecast.

Executive Shakeup

Under the new plan, current President Koji Sato will become vice chairman and take on a newly created role as chief industry officer.

Sato will shift focus to industry-wide collaboration and strategic partnerships across the mobility sector.

Meanwhile, Kenta Kon, currently an operating officer, will become president and chief executive officer effective April 1, 2026.

Kon’s responsibilities will center on internal operations and accelerating Toyota’s decision-making processes.

Toyota said the reorganization aims to adapt more swiftly to evolving global market conditions and intensifying competition.

The automaker said expanding partnerships beyond traditional automotive boundaries is critical to future growth.

Toyota also emphasized strengthening industry collaboration and boosting competitiveness worldwide.

Changes to the board will take effect upon approval at the 122nd Ordinary General Shareholders’ Meeting expected in June 2026.

Sato will resign from his current board roles and Kon will be formally appointed as a representative director following shareholder approval.

Yoichi Miyazaki will also assume expanded responsibilities within the executive structure.

TM Price Action: Toyota Motor shares were up 2.47% at $243.06 at the time of publication on Friday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

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