# Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
Published: 2024-06-25
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Toyota sells $2 billion in cross-holdings, influences cor...
Meta Description: Discover how Toyota divested $2 billion in cross-shareholdings of listed companies, reducing stakes and intriguing the market.
URL: https://tradingherald.com/toyota-sold-2-billion-worth-of-cross-held-listed-shares-in-fy2023-24-filing-shows/

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TOKYO (Reuters) – Toyota sold $2 [billion](https://tradingherald.com/swiss-forex-reserves-down-in-september/) 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](https://tradingherald.com/global-equity-funds-draw-inflows-amid-economic-optimism-and-easing-inflation/) 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](https://tradingherald.com/toyota-cuts-output-target-amid-chip-crunch-as-profit-tumbles-25/) reduced its stakes in airlines ANA Holdings, Japan Airlines and East Japan Railway to zero. Those firms did not hold shares of the car maker.

($1 = 159.4300 yen)

(Reporting by Daniel Leussink; Editing by Muralikumar Anantharaman)


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