Toyota Industries Corporation
(Amendment) Partial Amendment to the Notice of Opinion Expressing Support and Recommendation for Application Regarding the Tender Offer for Our Shares by Toyota Real Estate Co., Ltd.
The tender offer price has been increased from 18,800 yen per share to 20,600 yen per share, and the tender offer period has been extended until March 23, 2026. The Board of Directors maintains its opinion of support and recommendation for application.
Key Figures
- Tender Offer Price: 20,600 yen (as of March 6, 2026 amendment)
- Tender Offer Period: Until March 23, 2026 (total 45 business days)
- Planned Treasury Stock Acquisition Amount of Our Shares Owned by Toyota Motor Corporation: Approximately 1,257.6 billion yen
AI要約
Overview and Changes of the Tender Offer
Regarding the tender offer by Toyota Real Estate Co., Ltd. for shares of Toyota Industries Corporation, the purchase price has been raised from 18,800 yen per share to 20,600 yen per share, and the tender offer period has been extended until March 23, 2026. Accordingly, our Board of Directors has reaffirmed its expression of support and maintained its resolution to recommend shareholders to apply. The tender offer is planned to be executed with financing including borrowings from multiple financial institutions.
Board of Directors' Judgment and Measures to Ensure Fairness
Our independent Special Committee has determined that the transaction, including the increase in tender offer price, contributes to enhancing our corporate value and has confirmed the procedural fairness and reasonableness of the transaction terms. Fairness opinions and stock valuations were obtained from multiple third-party valuation institutions, concluding that the transaction is fair and considerate of minority shareholders’ interests. The Board of Directors excluded directors potentially having conflicts of interest and obtained unanimous no-objection opinions from all corporate auditors.
