Toyota names CFO Kenta Kon as CEO in second leadership change in 3 years

Leadership Transition - Toyota Motor announced that CEO Koji Sato will step down and be replaced by CFO Kenta Kon, marking the second CEO transition in three years [1][2] - The leadership change will take effect on April 1, with Sato becoming vice chairman and chief industry officer [1][2] - Board adjustments are expected in June 2026, with Kon joining as a director and Sato resigning from his board seat [2] Financial Performance - Toyota raised its full-year operating profit forecast by 11.8%, attributing this increase to a weak yen and cost reductions that help mitigate the impact of U.S. tariffs [3] - Following the announcement of the leadership change, shares rose approximately 1.5% [2]