#AichiSteel

Aichi Steel Corporation has applied to Toyota Asset Preparation Co., Ltd.'s tender offer for all ordinary shares of Toyota Industries Corporation it holds; the purchase price was raised to 20,600 yen per share, and the expected special profit increased to 9,784 million yen.

Aichi Steel Corporation plans to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, subject to approval at the 122nd Annual General Meeting of Shareholders scheduled for June 2026.

Consolidated revenue for Q3 FY2026 was ¥226,694 million (2.2% YoY increase), operating income ¥14,432 million (87.2% YoY increase), and net income attributable to owners of parent for the quarter was ¥9,657 million (70.7% YoY increase).

Consolidated revenue for the third quarter of the fiscal year ending March 2026 was 226.6 billion yen (Year-over-Year +2%), operating income reached a record high of 14.4 billion yen (YoY +87%), and net income attributable to owners of the parent was 9.6 billion yen (YoY +71%).

Aichi Steel Corporation will apply to the tender offer for all 478,305 shares of Toyota Industries Corporation it holds at 18,800 yen per share, totaling 8,992 million yen, and expects to record extraordinary income of 8,923 million yen in the fiscal year ending March 2026.