TOKYO, Mar 09 (Pulse News Wire) – Aichi Steel Corporation (6201.T) announced today that it has decided to tender its entire holding of ordinary shares in Toyota Industries Corporation (6201) to a public offer conducted by Toyota Asset Junbi Corporation. Following recent changes, the buyout price per share has been revised from ¥18,800 to ¥20,600, resulting in a total expected sale value of ¥9.853 billion.
Additionally, the tender offer period has been extended until March 23, 2026, with settlement commencing on March 30, 2026. Originally scheduled to conclude on February 12, 2026, the extension reflects adjustments made by Toyota Asset Preparation Corporation, which initially set the buyback price range and duration.
Should the transaction proceed as planned, Aichi Steel anticipates recognizing a special gain of ¥9.784 billion in its individual consolidated accounts for the fiscal year ending March 2026. This move underscores Aichi Steel's strategic realignment and potential capital optimization through the divestiture of its stake in Toyota Industries.
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