Toyota sold $2 bln worth of cross-held listed shares in FY2023/24, filing shows

East Japan Railway

25/06/2024 07:38

TOKYO, June 25 (Reuters) - Toyota  7203.T  sold $2
billion worth of cross shareholdings of listed companies in the
year that just ended, the Japanese automaker disclosed in a
regulatory filing on Tuesday. 
    The world's top-selling automaker sold 325.9 billion yen 
($2.04 billion) worth of such shares in the business year to
end-March. 
    It still has 124 such stakes, from 141 previously, the
filing showed.
    The scope of its cross-shareholding and the pace of the
selling is being closely watched by the market, given Toyota's
influence and stature in corporate Japan.
    Toyota reduced its stakes in airlines ANA Holdings  9202.T ,
Japan Airlines  9201.T  and East Japan Railway  9020.T  to zero.
Those firms did not hold shares of the car maker.    
($1 = 159.4300 yen)

 (Reporting by Daniel Leussink; Editing by Muralikumar
Anantharaman)
 ((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))