Notice Regarding Changes to Tender Offer Conditions for Toyota Industries Corporation (Securities Code: 6201)

Overview of Tender Offer and Changes to Conditions

The tender offer by Toyota Asset Reserve Corporation for shares of Toyota Industries Corporation commenced on January 15, 2026. The initial offer price was raised from 16,300 yen to 18,800 yen, and then further increased to 20,600 yen on March 6, 2026. The tender offer period was extended from the original 20 business days to 45 business days, providing more shareholders an opportunity to participate. The planned number of shares to be purchased is approximately 90.9 million shares, with a total purchase price of about 4.6633 trillion yen.

Background of the Tender Offer and Future Outlook

This tender offer aims to take Toyota Industries Corporation private and is led by Toyota Real Estate Co., Ltd. The target company’s board of directors, who support the tender offer, have obtained a stock valuation and fairness opinion from an independent third-party appraiser to confirm the fairness of the offer price. After the tender offer is completed, a two-step acquisition process including share consolidation and treasury stock acquisition will proceed to finalize the privatization. The purchaser plans to finance the required funds through borrowings from multiple financial institutions and intends to continue providing shareholders with appropriate opportunities for informed decisions throughout the process.