TOKYO -- The Toyota group is accelerating the unwinding of cross-held shares, a Nikkei analysis shows, as markets increasingly demand efficient capital allocation and the automaker seeks funding for its electrification push.
Equities
Toyota group unloads $8bn in cross-held shares as divestments pick up
Companies shed old group structures in search of efficient use of capital
Toyota Motor held nearly 3 trillion yen in cross-held shares as of March 2025, down 16% on the year. (Photo by Kazumi Saito)
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