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Toyota CEO Koji Sato to step down

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Toyota City:  Toyota Motor Corporation is redrawing its power map, carving up the top job as it braces for a more turbulent automotive era and a faster pivot towards mobility.

The Japanese carmaker said it will revamp its executive structure from April 1st 2026, moving Koji Sato from president and chief executive to vice chairman and a newly created chief industry officer, while elevating Kenta Kon to president and chief executive. Board-level changes will follow from the date of the company’s 122nd ordinary general shareholders’ meeting, scheduled for June 2026.

The logic is blunt: split the outward-looking industry and policy role from the grind of running the company. Sato will range across the broader industrial landscape, while Kon will run Toyota’s internal management.

Toyota says the shift is designed to accelerate decision-making amid rapid internal and external change and to build a structure that better serves its mission of contributing to society through industry.

The backdrop is a car business under strain from electrification, software, new rivals and geopolitical risk. Toyota argues that deeper industry collaboration is now essential to protect international competitiveness. In that context, Sato’s parallel roles loom large.

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Sato is set to play a central part as chairman of the Japan Automobile Manufacturers Association, or JAMA, a role the industry body asked him to assume in October 2025 after he had been serving as its vice chairman. Toyota’s board approved his appointment as JAMA chairman from January 2026, framing industry contribution as part of the firm’s duty.

He also serves as vice chair of Keidanren, Japan’s business federation, a post he took up in May 2025, where he is expected to push policy proposals centred on monozukuri, or manufacturing, and broader industrial cooperation.

Toyota’s ambitions go beyond the car sector. As it morphs into a mobility company, it wants partnerships outside the traditional automotive orbit as well as within it.

Inside the firm, the priorities are more prosaic but pressing: lift earning power and lower the break-even volume needed to stay profitable. Toyota says this demands company-wide reform across the entire value chain, not siloed fixes.

That is where Kon comes in. As chief financial officer, he has been leading efforts to strengthen Toyota’s earnings structure. He has also picked up cross-functional management experience at Woven by Toyota, the group’s technology arm. The company is betting that a finance-hardened operator can tighten performance while steering transformation.

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Top appointments at Toyota are treated as long-term strategic matters. Candidates are reviewed continuously by the executive appointment meeting, which vets director nominations to ensure independence. The body comprises two independent outside directors, Shigeaki Okamoto and Kumi Fujisawa, and one internal director, Yoichi Miyazaki. Its proposals are then decided by the board and formally approved at shareholders’ meetings.

After weighing the strain of one person holding the trio of roles of Toyota’s top executive, JAMA chairman and Keidanren vice chair, the group concluded a split structure was cleaner. The new line-up was proposed at the executive appointment meeting and approved by the board on February 6th.

Other responsibility shifts follow. From April 1st, Yoichi Miyazaki becomes executive vice president, board member and representative director with the additional role of chief financial officer.

Board changes will be formalised in June. Koji Sato will resign his current board post and continue as vice chairman and chief industry officer. Kenta Kon is slated to become president, board member and representative director alongside his role as chief executive.

The message from Toyota is unmistakable: in a harsher, faster industry, governance must be as adaptive as technology. With one leader scanning the horizon and another gripping the tiller, the world’s biggest carmaker is tuning its engine for the next lap. Whether the new gearbox shifts smoothly will be watched far beyond Toyota City.

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Netflix India names Rekha Rane director of films and series marketing

Streaming giant bets on a seasoned marketer who helped build Amazon and Netflix into household names

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MUMBAI: Netflix has put a proven brand builder at the helm of its films and series marketing in India, naming Rekha Rane as director in a move that signals sharper focus on audience growth and cultural cut-through in one of its most hotly contested markets.

Rane steps into the role after seven years at Netflix, where she has quietly shaped how the platform sells stories to India. Her latest promotion, effective February 2026, crowns a run that spans brand, slate and product marketing across originals, licensed content and new verticals such as games.

A strategic marketing and communications professional with roughly 15 years’ experience, Rane has spent much of her career building technology-led consumer businesses and new categories, notably e-commerce and subscription video on demand. She was part of the early push that introduced Amazon.in, Prime Video and Netflix to Indian homes, then helped turn them into everyday brands.

At Netflix, she most recently served as head of brand and slate marketing for India from March 2024 to February 2026, leading teams across media and marketing for global and local content portfolios. Before that, as manager for original films and series marketing, she led IP creation and go-to-market strategy for titles including Guns and Gulaabs, Kaala Paani, The Railway Men* and The Great Indian Kapil Show, spanning both binge and weekly-release formats.

Her earlier Netflix roles covered product discovery and promotion in India and integrated campaign strategy to drive conversations around the content slate, product awareness and brand-equity metrics.

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Before Netflix, Rane logged more than three years at Amazon in brand marketing roles in Bengaluru. There she handled national and regional campaigns for Amazon.in, worked on customer assistance programmes in growth geographies and contributed to the go-to-market strategy for the launch of Prime Video India.

Her career began well away from streaming. At Reliance Brands in Mumbai, she worked on retail marketing for Diesel and Superdry. A stint at Leo Burnett saw her work on primary research for P&G Tide, mapping Indian shoppers’ paths to purchase. Earlier still, at Orange in the United Kingdom, she rose from sales assistant to store manager, running a team and owning monthly P&L for a retail outlet.

The arc is telling. As global streamers fight for attention in a crowded Indian market, executives who understand both mass retail behaviour and digital habit-building are prized. Rane’s career sits at that intersection.

For Netflix, the bet is simple: in a market spoilt for choice, sharp marketing can still tilt the screen. And with Rane now leading the charge, the streamer is signalling it wants not just viewers, but fandom.

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Orient Beverages pops the fizz with steady Q3 gains and rising profits

Kolkata-based beverage maker reports stronger revenues and profits for December quarter.

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MUMBAI: A fizzy quarter with a steady aftertaste that’s how Orient Beverages Limited, the company that manufactures and distributes packaged drinking water under the brand name Bisleri closed the December 2025 period, as the Kolkata-based drinks maker reported improved revenues and a healthy rise in profits, signalling operational stability in a competitive beverage market.

For the quarter ended December 31, 2025, Orient Beverages posted standalone revenue from operations of Rs 39.98 crore, up from Rs 36.42 crore in the previous quarter and Rs 33.53 crore in the same quarter last year. Total income for the quarter stood at Rs 42.24 crore, reflecting consistent demand and stable pricing across its beverage portfolio.

Profit before tax for the quarter came in at Rs 3.47 crore, a sharp improvement from Rs 1.31 crore in the September quarter and Rs 0.39 crore a year ago. After accounting for tax expenses of Rs 0.79 crore, the company reported a net profit of Rs 2.68 crore, nearly three times the Rs 0.99 crore recorded in the preceding quarter.

On a nine-month basis, the momentum remained intact. Revenue from operations for the period ended December 31, 2025 rose to Rs 117.66 crore, compared with Rs 106.95 crore in the corresponding period last year. Net profit for the nine months climbed to Rs 5.51 crore, more than double the Rs 2.18 crore reported in the same period of the previous financial year.

The consolidated numbers told a similar story. For the December quarter, consolidated revenue from operations stood at Rs 45.06 crore, while profit after tax came in at Rs 2.06 crore. For the nine-month period, consolidated revenue touched Rs 133.57 crore, with net profit of Rs 4.49 crore, underscoring the group’s improving profitability trajectory.

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Operating expenses remained largely controlled, with cost of materials, employee benefits and other expenses broadly aligned with revenue growth. The company continued to operate within a single reportable segment beverages simplifying its cost structure and reporting framework.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7 February 2026. Statutory auditors carried out a limited review and reported no material misstatements in the results.

In a market where margins are often squeezed by input costs and competition, Orient Beverages’ latest numbers suggest the company has found a reliable rhythm not explosive, but steady enough to keep the fizz alive.

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BCCL profit jumps 53 per cent in FY25 as tax bill shrinks

Revenue rises 4.3 per cent to Rs 10,209.33 crore while deferred tax gain lifts bottom line sharply

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NEW DELHI: Bennett, Coleman and Company (BCCL) has posted a sparkling set of financial results for the year ended 31 March 2025, proving that there is still plenty of ink and gold left in the ledger.

Revenue from operations climbed a steady 4.3 per cent, reaching Rs 10,209.33 crore compared to Rs 9,786.44 crore the previous year. When you sprinkle in other income, which rose 8.9 per cent to Rs 949.36 crore, the total income for the media behemoth hit a healthy Rs 11,158.69 crore.

While the income grew at a modest pace, the bottom line tells a far more dramatic story. The real headline is the 53 per cent surge in annual profit. How did they pull off such a feat? While Profit Before Tax (PBT) saw a gentle nudge upward of 2.7 per cent to Rs 1,610.00 crore, it was a vanishing act by the taxman that really did the trick.

Total tax expenses plummeted by 32.4 per cent, dropping from Rs 468.76 crore down to Rs 316.97 crore. This was largely thanks to a swing in deferred tax, moving from an expense of Rs 156.02 crore in FY24 to a benefit of Rs 39.44 crore this year.

Total income rose from Rs 10,658.55 crore in FY24 to Rs 11,158.69 crore in FY25, marking a 4.7 per cent increase. Total expenses grew at a slower pace, up 3.0 per cent from Rs 9,306.06 crore to Rs 9,581.45 crore. Profit before tax inched up 2.7 per cent, moving from Rs 1,567.02 crore to Rs 1,610.00 crore. However, the standout figure was net profit, which jumped sharply by 53.0 per cent, climbing from Rs 1,042.03 crore in FY24 to Rs 1,594.73 crore in FY25.

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Despite the rising costs of doing business across the globe, BCCL kept a tight grip on the purse strings. Total expenses rose by just 3.0 per cent to Rs 9,581.45 crore. By keeping costs lower than the rate of income growth, the company ensured that the final figure, a net profit of Rs 1,594.73 crore, was nothing short of a front-page sensation.

In a world of shifting digital tides, it seems the BCCL ship is not just steady, but sailing into significantly wealthier waters.

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