Will Toyota’s Executive Bonus Get These Top Institutional Shareholders’ Approval?

Toyota Motor (NYSE:TM) approved the biggest salary bonus in five years as the weak yen increases the value of exports, which assists the company in projecting the highest profit since 2008. Toyota agreed to a union proposal for a 2013 average bonus of nearly 2.05 million yen ($21,375), versus the 1.77 million yen during 2012, the company added. In 2008, the company paid a bonus totaling 2.51 million yen claims the Japan Automobile Workers’ Union. The carmaker’s bonus rise comes after similar boosts by its rival Honda Motor (NYSE:HMC) and electronics group Hitachi, which adds to indications that the nation’s manufacturers have recovered after earthquakes and a tsunami in Japan and floods in Thailand disrupted output during 2011 and 2012.

These institutional firms indicated owning shares of Toyota in Q4 2012. They reported owning a total of 25.443 million shares on 12/31/2012. The shares closed at $93.25 on 12/31/2012.

Here are the ten largest positions in Toyota at the end of December 31, 2012.

Fisher Asset Management LLC held 4,578,556 shares on 12/31/2012 worth $426,950,347. This brought the portfolio total to 1.18 percent.

Thornburg Investment Management Inc held 1,493,724 shares on 12/31/2012 worth $139,289,763. This brought the portfolio total to 0.65 percent.

Dimensional Fund Advisors LP held 1,439,986 shares on 12/31/2012 worth $134,278,695. This brought the portfolio total to 0.15 percent.

Brandes Investment Partners LP held 1,382,967 shares on 12/31/2012 worth $128,961,673. This brought the portfolio total to 1.52 percent.

Manning & Napier Advisors LLC held 1,311,047 shares on 12/31/2012 worth $122,255,133. This brought the portfolio total to 0.64 percent.

Harris Associates LP held 1,222,852 shares on 12/31/2012 worth $114,030,949. This brought the portfolio total to 0.28 percent.

Franklin Resources Inc held 972,855 shares on 12/31/2012 worth $90,718,729. This brought the portfolio total to 0.06 percent.

Macquarie Group Ltd held 781,955 shares on 12/31/2012 worth $72,917,304. This brought the portfolio total to 0.18 percent.

Tradewinds Global Investors LLC held 710,268 shares on 12/31/2012 worth $66,232,491. This brought the portfolio total to 1.4 percent.

Managed Account Advisors LLC held 603,058 shares on 12/31/2012 worth $56,235,159. This brought the portfolio total to 0.1 percent.

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