Aichi Steel Corporation
Notice Regarding Tender Offer Application and Expected Recording of Extraordinary Income
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.
Key Figures
- Number of shares applied for: 478,305 shares (all shares)
- Scheduled purchase price: 18,800 yen per share
- Expected extraordinary income: Gain on sale of investment securities of 8,923 million yen (standalone financials for fiscal year ending March 2026)
AI要約
Overview of Tender Offer Application
Aichi Steel Corporation resolved at the Board of Directors meeting to apply for all 478,305 common shares it holds of Toyota Industries Corporation in the tender offer conducted by Toyota Asset Preparation Corporation under the policy of reducing cross-shareholdings. The tender offer price is 18,800 yen per share, and the total scheduled sale amount is 8,992 million yen. After the application, shareholdings will be zero, but the company plans to continue and strengthen business relations with Toyota Industries Corporation.
Impact on Business Performance and Future Outlook
If this tender offer is successful and all shares are sold during the fiscal year ending March 2026, Aichi Steel expects to record extraordinary income of 8,923 million yen as gain on sale of investment securities in its standalone financial statements. On the other hand, due to the application of International Financial Reporting Standards (IFRS), there will be no impact on consolidated net income for the period. The tender offer period is scheduled to start on January 15, 2026, end on February 12, 2026, and the settlement is expected to begin on February 19, 2026.
