Aichi Steel Corporation
(Progress of Disclosure) Notice Regarding Tender Offer Application and Expected Recording of Special Profit
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.
Key Figures
- Planned Purchase Price (per ordinary share): 20,600 yen (previously 18,800 yen)
- Total Planned Sale Amount: 9,853 million yen (previously 8,992 million yen)
- Expected Special Profit: 9,784 million yen (previously 8,923 million yen)
AI要約
Overview of the Tender Offer
Aichi Steel Corporation resolved to apply to the tender offer conducted by Toyota Asset Preparation Co., Ltd. for all ordinary shares of Toyota Industries Corporation it holds and disclosed this on 2026-02-03. Subsequently, the planned purchase price was raised from 18,800 yen to 20,600 yen per share, and the tender offer period was extended until 2026-03-23. Accordingly, the total planned sale amount increased from 8,992 million yen to 9,853 million yen.
Impact on Earnings and Future Outlook
If this tender offer is completed at the planned purchase price and all held shares are sold within the fiscal year ending March 2026, it is expected that a special profit of 9,784 million yen from the gain on sale of investment securities will be recorded in the standalone financial statements for the fiscal year ending March 2026. Due to the extension of the tender offer period and postponement of the settlement start date, procedures are scheduled to continue through the end of March 2026.
