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Toyota to issue class shares

Jun. 2015

by Sadakazu Osaki

Toyota Motor Corporation, one of Japan's flagship companies, plans to issue class shares in a novel form after amending its Articles of Incorporation at its general shareholder meeting in June. Its new "Model AA" shares will be preferred stock with the same voting rights as its common stock. However, they will be generally nontransferable for five years after issuance. Toyota plans to issue the Model AA shares serially over the five years from July 2015.

*Organization names and job titles are current as of the publishing dates

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Author's Profile

Sadakazu Osaki

Head of Research,
Center for Strategic Management and Innovation

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