JTEKT Corporation
Notice Regarding Tender Offer Application and Expected Recording of Special Profit in Our Individual Financial Statements
JTEKT Corporation will apply all 2,002,625 ordinary shares of Toyota Industries Corporation it holds to the tender offer at 18,800 yen per share, totaling approximately 37.6 billion yen, and expects to record a special profit of 34.1 billion yen in the individual financial statements for the fiscal year ending March 2026.
Key Figures
- Number of shares applied: 2,002,625 shares (equal to shares owned before application)
- Planned purchase price: 18,800 yen per share
- Expected special profit recorded: 34.1 billion yen (individual financial statements for fiscal year ending March 2026)
AI要約
Overview of Tender Offer Application
JTEKT Corporation has resolved to apply all 2,002,625 ordinary shares of Toyota Industries Corporation it holds, following the tender offer by Toyota Real Estate Co., Ltd. targeting Toyota Industries Corporation. The number of applied shares equals the number of shares owned before application, resulting in zero shares held after application. The planned purchase price is 18,800 yen per share, with the total planned sale amount approximately 37.6 billion yen. The tender offer period runs from January 15, 2026 to February 12, 2026, with settlement starting on February 19, 2026.
Outlook and Accounting Treatment
If this tender offer is successful and all shares are sold within the fiscal year ending March 2026, JTEKT expects to record a special gain of 34.1 billion yen from the sale of investment securities as special profit in its individual financial statements for the fiscal year ending March 2026. Regarding consolidated financial statements, IFRS is applied, and gains or losses from the sale are processed under other comprehensive income; thus, there will be no impact on consolidated earnings.
