Toyota Tsusho Corporation
Notice Regarding Changes to Terms and Conditions of Share Buyback Tender Offer
Toyota Tsusho has raised the maximum purchase price for the share buyback tender offer from 3,054 yen to 5,862 yen, set the number of shares to be purchased at 118,095,502 shares, and postponed the purchase start period to late February 2026.
Key Figures
- Number of shares to be purchased: 118,095,502 shares (maximum)
- Total acquisition amount: 692,275,832,724 yen (maximum)
- Maximum purchase price: 5,862 yen (10% discount based on the closing price as of January 13, 2026)
AI要約
Overview of Changes to Terms and Conditions of Share Buyback Tender Offer
In the share buyback tender offer approved on June 3, 2025, Toyota Tsusho resolved to raise the maximum purchase price from the previous 3,054 yen to 5,862 yen, which is a 10% discount based on the closing price as of January 13, 2026. The number of shares to be purchased remains unchanged at 118,095,502 shares (ownership ratio of 11.19%), and the scheduled purchase start period has been postponed from mid-January 2026 to late February 2026. The 10% discount rate on the purchase price is considered a reasonable level based on precedents of similar cases.
Background of the Purchase and Future Outlook
This share buyback tender offer aims to resolve the cross-shareholding of common shares held by Toyota Industries Corporation. After discussions with Toyota Real Estate, the purchase price was revised. The increase in the maximum purchase price was accepted to share the risk of asset outflow caused by a significant rise in the market stock price. The funds required for the purchase will be covered by internal funds and borrowings, with no anticipated impact on financial soundness. Details regarding the purchase start period and pricing will be promptly disclosed once determined.
