Toyota's chairman, Takeshi Uchiyamada, is reportedly planning to acquire Toyota Industries and strengthen the group's business control, which has raised concerns about corporate governance.

Toyota Industries Corporation's stock price soared, as investors digest the proposal by Toyota Motor's chairman, Akio Toyota, to fully acquire the company. This has also raised concerns about corporate governance issues. Sources familiar with the matter have stated that Toyota Industries, originally founded by Akio Toyota's great-grandfather, has set up a special committee and hired advisors to evaluate the acquisition proposal. One source mentioned that the proposed acquisition values Toyota Industries at 6 trillion yen. This deal would represent a premium of approximately 40% over its market value at the end of last Friday. Toyota Industries manufactures textile machinery and also produces components for Toyota Motor.