#TOB

The commencement of the tender offer for our shares by MM Holdings Co., Ltd. has been postponed from the initially scheduled early December 2025 and is now expected not to start by January 16, 2026.

Caron Holdings Co., Ltd. announced the extension of the tender offer period for shares of Mandom Corporation from January 20, 2026 to January 29, 2026, and the postponement of the settlement start date to February 5, 2026.

Ibiden Co., Ltd. has decided to apply to the tender offer for 2,763,000 ordinary shares of Toyota Industries Corporation it owns at 18,800 yen per share, totaling 51,944 million yen, and expects to record an extraordinary profit of 44,171 million yen in the fiscal year ending March 2026.

On January 13, 2026, Mandom Corporation received a legally binding letter of intent from KKR proposing a tender offer at 3,100 yen per share and privatization through a squeeze-out. The Board of Directors resolved to commission a special committee for review.

DENSO Corporation has applied for the tender offer on shares of Toyota Industries Corporation, with the planned purchase price increased to 18,800 yen per share (totaling 278.7 billion yen), scheduled to be conducted from January 15 to February 12, 2026, and a special gain expected of 252.4 billion yen.

The tender offer purchase price was raised from 16,300 yen per share to 18,800 yen per share, increasing the planned total sale amount from 107.2 billion yen to 123.6 billion yen. The offer is scheduled to be conducted from January 15 to February 12, 2026.

Toyota Asset Preparation Co., Ltd., established by Toyota Real Estate Co., Ltd., will commence a tender offer for shares of Toyota Industries Corporation on January 15, 2026. The offer price has been raised to ¥18,800 per share, with the Board of Directors expressing support and recommending shareholders to participate.

Toyota Tsusho plans to apply all its held shares of Toyota Industries Corporation to the tender offer starting January 15, 2026. The purchase price was raised to JPY 18,800 per share, with a total sale amount of JPY 287.5 billion and an expected special profit of JPY 251.1 billion.

Toyota Asset Preparation Co., Ltd. will commence a tender offer for shares of Toyota Industries Corporation starting January 15, 2026. The offer price is 18,800 yen per share with a minimum number of shares planned to purchase at 126,215,300 shares (42.01%), totaling approximately 4.2558 trillion yen.

Preliminary sales for the third quarter of the fiscal year ending March 2026 amounted to JPY 22,700 million, up 8.6% year-over-year, with cumulative sales reaching JPY 58,488 million, an 8.7% increase compared to the same period last year.

Tender offer price raised to 3,036 yen per share, lowering the minimum tender quantity to 25,337,400 shares (43.84%). The tender offer period is extended until January 26, 2026, aiming to take the shares private upon completion of the TOB.

CORE Inc. has raised the tender offer price for Taiheiyo Koatsu Kogyo Co., Ltd. from ¥2,919 to ¥3,036 per share, extended the offer period until January 26, 2026, and lowered the minimum number of shares to be purchased from 35,841,900 shares to 25,337,400 shares.