Three major Japanese companies with noticeably different faces and fortunes -- Toyota Motor Corp., Mitsubishi Motors Corp. and West Japan Railway Co -- held their general shareholders' meetings Thursday.
From the winning side is Toyota. At its gathering in Toyota, Aichi Prefecture, Toyota shareholders approved a top management reshuffle centering on the promotion of Executive Vice President Katsuaki Watanabe, 63, to president.
Current Toyota President Fujio Cho, 68, will become vice chairman. The reshuffle also includes the naming a 49-year-old Senior Managing Director Akio Toyoda, the eldest son of Honorary Chairman Shoichiro Toyoda, 80, as executive vice president.