People arrive to attend an annual shareholders' meeting for Toyota Motor in the city of Toyota, Aichi Prefecture on June 14, 2023. Toyota shares soared to a 16-month high Wednesday after shareholders of the world's largest car manufacturer voted to retain Akio Toyoda as its chairman in a broad endorsement of the company's governance and new electric vehicle strategy. Toyota shares closed up 6.3% at 2,310 Japanese yen ($16.48) per share in robust volumes — their highest close since Feb. 9, 2022. Their record closing high at 2,390 Japanese yen per share was recorded Jan. 9, 2022. On Wednesday, Toyota shares outperformed the 1.5% gain on the Nikkei and 1.3% rise for the Topix benchmarks in Tokyo.

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Persons: Akio Toyoda, Koji Sato's Organizations: Toyota Motor, Toyota, Nikkei Locations: Aichi Prefecture, Toyota City, Tokyo