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flag Toyota names CFO Kenta Kon as new CEO effective April 1, 2026, amid profit growth and global sales records.

flag Toyota has named CFO Kenta Kon as its new CEO, effective April 1, 2026, succeeding Koji Sato, who will become vice chairman and chief industry officer. flag The leadership change, announced alongside a 12% increase in full-year profit forecasts, aims to accelerate decision-making amid global competition and trade pressures. flag Despite a 43% drop in quarterly net profit due to U.S. tariffs and rising costs, Toyota reported record global sales of 11.3 million vehicles in 2025, driven by strong demand for hybrids in the U.S. and Japan. flag The company raised its net profit forecast to 3.57 trillion yen ($22.8 billion) for the fiscal year, supported by a weaker yen and cost-cutting. flag Kon, known for financial discipline and involvement in a controversial buyout of subsidiary Toyota Industries, will lead internal reforms and Woven by Toyota to address software gaps.

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