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Toyota names CFO Kenta Kon president and CEO in leadership shake-up
TOKYO: Toyota Motor has announced a top leadership change, with chief executive Koji Sato stepping down and chief financial officer Kenta Kon set to take over as president and CEO from 1 April, marking the group’s second chief executive transition in three years.
Sato will move into the newly created roles of vice chairman and chief industry officer, where Toyota said he will focus on broader industry engagement and strategic positioning, while Kon takes charge of day-to-day management and operations.
Speaking after the announcement, Kon described the reshuffle as Sato becoming “captain of the national team” while he assumes the role of “club captain”. Sato said the shift would allow him to concentrate on his wider responsibilities as chairman of the Japan Automobile Manufacturers Association and vice chair of Keidanren, Japan’s powerful business lobby.
Executive vice president Yoichi Miyazaki will succeed Kon as CFO. Further board changes are planned for June 2026, when Kon will join as a director and Sato will step down from the board.
Alongside the leadership overhaul, Toyota raised its full-year operating profit forecast by 11.8 per cent, citing a weaker yen and cost reductions to offset pressure from US tariffs.
For the December quarter, sales revenue climbed 8.6 per cent year on year to 13.46 trillion yen ($85.8 billion), beating analyst expectations. Operating income slipped 2 per cent to 1.19 trillion yen but remained above market forecasts.
Shares rose about 1.5 per cent following the announcement. Toyota said electrified vehicles, including hybrids and electric vehicles, accounted for nearly half of its retail sales in the first three quarters of the fiscal year, driven by strong hybrid demand in North America and China, as the company pushes deeper into a more diversified mobility strategy.
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Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
