Toyota (TM.US) plans to acquire a subsidiary or reshape the governance structure of Japanese companies.

Financial news app Intelligence Finance learned that recently, Japanese automotive giant Toyota Motor (TM.US) released its latest financial report forecast, expecting a 21% decline in operating profit for the next fiscal year. The company attributed this to the new tariffs imposed by the United States on imported cars, which is undoubtedly a blow to Japan's largest listed company and the world's fourth largest economy heavily dependent on exports.