Toyota’s Sato Beats Previous CEOs With First-Year Stock Gains
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Toyota Motor Corp. is seeing its best performance ever in the first year under a new chief executive, since Koji Sato took the reins last April.
Shares of the world’s largest automaker have doubled in that span, exceeding the Nikkei 225 Stock Average by 60 percentage points as of Friday close. That’s the biggest outperformance under a new executive since the merger of Toyota Motor Co. and Toyota Motor Sales Co. in 1982 created Toyota Motor Corp., according to data compiled by Bloomberg. The share price adjusts for dividends.