DENSO Corporation
(Disclosure Update) Notice Regarding Application to Tender Offer and Expected Recording of Special Gain in Our Individual Financial Statements
DENSO Corporation has applied for the tender offer on shares of Toyota Industries Corporation, with the planned purchase price increased to 18,800 yen per share (totaling 278.7 billion yen), scheduled to be conducted from January 15 to February 12, 2026, and a special gain expected of 252.4 billion yen.
Key Figures
- Planned Purchase Price: 18,800 yen per share (post-change)
- Planned Total Sales Amount: 278.7 billion yen (post-change)
- Expected Special Gain: Investment securities sales profit of 252.4 billion yen (Fiscal Year Ending March 2026)
AI要約
Outline of the Tender Offer
As announced on June 3, 2025, DENSO Corporation has decided to apply all its shares of Toyota Industries Corporation to the tender offer conducted by Toyota Real Estate. The planned purchase price has been raised from 16,300 yen to 18,800 yen per share, and the planned total sales amount increased from 241.6 billion yen to 278.7 billion yen. The tender offer period is now fixed from January 15 to February 12, 2026, with the settlement start date set for February 19, 2026.
Impact on Earnings and Future Outlook
If the tender offer is completed at the planned purchase price and all held Toyota Industries common shares are sold during the fiscal year ending March 2026, a special gain of 252.4 billion yen from investment securities sales profit is expected to be recorded in the individual financial statements for the fiscal year ending March 2026. This is expected to have a significant positive impact on earnings for the period. Updates on the tender offer progress will be promptly disclosed going forward.
