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flag Toyota may unwind $19B in cross-shareholdings by 2026 to improve governance and shareholder influence.

flag Toyota is preparing to unwind strategic cross-shareholdings worth about $19 billion, potentially involving banks and insurers selling shares, as part of Japan’s broader corporate governance reforms. flag The move, which could start as early as 2026, aims to boost transparency and shareholder influence, following criticism of entrenched ownership structures. flag Toyota may repurchase shares or offer them to other investors, amid scrutiny over its tender offer for Toyota Industries and pressure from activist investor Elliott. flag The plan, not yet confirmed, prompted a 2% rise in Toyota’s stock.

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