Akio Toyoda's Annual Salary Surpasses 2 Billion Yen, Setting a New Record for All-Time Chairmen

*This content was translated by AI.

Akio Toyoda, president and chief executive officer of Toyota Motor Corporation, received director compensation of 2.113 billion yen (approximately 19.99236 billion won, based on Hanwha exchange rates) for the fiscal year 2025 (April 2025 to March 2026). This represents an increase of approximately 8 percent compared to the previous year and is the highest compensation amount among all Toyota Motor executives in the company's history. Akio Toyoda's annual salary has broken Toyota's record for three consecutive years.

According to the securities report and annual filing disclosed by Toyota Motor Corporation, this achievement of the highest annual salary is the result of a gradual adjustment to the executive compensation system implemented since 2022. The company explained that the compensation was determined by reflecting Akio Toyoda's performance in establishing the company's long-term management policies, directly coordinating and verifying new vehicle quality as the "Chief Test Driver," and building external relationships with key stakeholders. Toyota stated that its executive compensation levels remain relatively low compared to other global corporations and that it plans to gradually increase them in the future.

In addition to Akio Toyoda, compensation for other key senior executives was also disclosed. Vice President Hiroki Nakajima received an annual salary of 476 million yen (approximately 4.50372 billion won), and Vice President Yoichi Miyazaki received an annual salary of 481 million yen (4.505102 billion won).

The background for these high executive salaries lies in Toyota Motor Corporation's solid performance. Toyota recorded total revenue of 48.4 trillion yen (a 6.5 percent increase from the previous year) for the recently disclosed fiscal year and maintained its position as the world's top seller by selling 11.011 million vehicles globally in the global automotive market. While operating profit and pre-tax profit decreased slightly compared to the previous year, net profit reached 4.77 trillion yen (approximately 45.1318 trillion won), recording the highest figure among global automakers in the net profit category.

Akio Toyoda is the grandson of Toyota's founder, Kiichiro Toyoda. He joined the company in 1984 and served as president for 13 years from 2009. In 2023, he handed over the presidency to Koji Sato and transitioned to the role of chairman. Based on this management performance and shareholder support, Akio Toyoda is highly likely to be re-approved at the upcoming shareholders' meeting. Meanwhile, compared to the CEOs of the Detroit Big Three in the United States, such as Mary Barra of GM (29.5 million dollars: approximately 44.68955 billion won, based on Hanwha) and Jim Farley of Ford (24.9 million dollars: approximately 37.72101 billion won, based on Hanwha), executive compensation in the Japanese automotive industry remains at a relatively low level, showing a trend toward gradual realization.

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*This content was translated by AI.