According to Bloomberg News, in the year since Koji Sato (Koji Sato) served as CEO of Toyota Motor Corporation, the company has achieved the best performance of any CEO in a year., Shares in the world’s largest carmaker have doubled since Sato became chief executive of Toyota Motor Corp. As of the close of trading on March 29, the company’s share price was 60 percentage points higher than the Nikkei 225 index. According to data collected by Bloomberg, this is the best performance of the new CEO since Toyota Motor Co. (Toyota Motor Co.) and Toyota Motor Sales Co. (Toyota Motor Co.) merged into Toyota Motor Corp. (Toyota Motor Corp.) in 1982., If you look at the CEO’s entire tenure, Hiroshi Okuda ranks first. During Okuda’s tenure as the company’s chief executive from 1995 to 1999, Toyota shares outperformed the Nikkei by about 106 percentage points., Image source: Toyota Motor, Toyota’s share price has accelerated this year, while electric car maker Tesla’s share price has fallen 29%. However, with a price-to-earnings ratio of about 11 times and a price-to-book ratio of about 1.6 times, Toyota’s valuation does not seem to be too high compared with Nikkei 225 constituent companies or global peers., This year, Sato’s second year as Toyota’s chief executive, faces the challenge of expanding the company’s value in a rapidly changing auto industry. Tatsuo, senior auto analyst at Bloomberg Intelligence, said Yoshida that “in Sato’s first year in office, there were positive factors in the stock price”, including a weaker yen and inventory shortages., However, looking ahead, Toyota still has a lot of work to do after safety scandals broke out in some subsidiaries, and it may be difficult to increase production or raise prices. Yoshida said it would not be surprised if Toyota lowered its profit forecast in its next earnings report., return to the first electric network home>,
Link to this article: https://evcnd.com/in-satos-first-year-as-toyotas-ceo-the-companys-stock-price-doubled/
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