Reported 10 months ago
Two of Toyota's major suppliers, Denso and Aisin, have decreased their stakes in various Toyota-affiliated companies, as shown in regulatory filings. Denso sold off its holdings in Toyota Boshoku, Toyota Tsusho, Toyoda Gosei, and Hino Motors, while Aisin reduced their stakes to zero and also sold their Denso stake. Both companies still hold stakes in other Toyota Group firms. The move is part of a trend of reducing cross-shareholdings within the Toyota Group, as more companies steer away from the practice due to corporate governance concerns and the desire to accelerate transformation.
Source: YAHOO