丰田章男高票连任丰田会长，集团战略转型引发关注

Core Viewpoint - Toyota's Chairman Akio Toyoda received high support for his re-election, reflecting the company's strategic ambitions in electric vehicle transformation and supply chain integration despite concerns from overseas investors regarding the acquisition of Toyota Industries [3][4]. Group 1: Shareholder Meeting and Leadership - Akio Toyoda was re-elected as Chairman with a support rate exceeding 96%, a significant recovery from a historical low of 72% in 2024 [3]. - The support from domestic retail shareholders contrasted with overseas investors' skepticism about the ¥4.7 trillion (approximately $33 billion) acquisition plan for Toyota Industries [3][4]. - The backing from advisory firms Glass Lewis and Institutional Shareholder Services (ISS) played a crucial role in Toyoda's re-election after previously opposing him for governance issues [3]. Group 2: Acquisition of Toyota Industries - The acquisition aims to privatize Toyota Industries, which holds a 9.1% stake in Toyota and 5.41% in Denso, to enhance supply chain efficiency and focus on long-term technological investments [4]. - Some overseas shareholders criticized the acquisition price of ¥16,300 per share as undervaluing Toyota Industries and potentially increasing family control over the group [4]. Group 3: Electric Vehicle Strategy - Toyota plans to mass-produce solid-state batteries by 2026, targeting a 10-minute charging time and a range of 1,200 kilometers, marking a significant advancement over current lithium-ion technology [6]. - The company is also advancing in hydrogen fuel cell technology, with the second-generation Mirai set to launch in China in 2025, featuring a range of 850 kilometers [6]. - Toyota aims to establish 1,000 hydrogen refueling stations in China by 2030, collaborating with local enterprises to enhance infrastructure [6]. Group 4: Market Performance and Financials - In the first quarter of 2025, Toyota maintained its position as the top global automaker with sales of 2.063 million vehicles, although it faced a 6.9% decline in sales in China in 2024 [6][7]. - Financially, Toyota reported a 6.5% increase in revenue to ¥48.37 trillion for the fiscal year 2024-2025, while operating profit fell by 10.4% to ¥4.8 trillion and net profit decreased by 3.6% to ¥4.765 trillion [7]. - Despite profit declines, Toyota retains a cash reserve of ¥8.98 trillion, providing a solid foundation for its transformation plans [7].