Source disclosure: January 14, 2026
DENSO CORPORATION [6201.T]
TOKYO, January 14, 2026 (JCN Newswire) - DENSO Corporation announced today that an investor group has launched a tender offer to purchase all of its shares held by DENSO in Toyota Automatic Loom Works Ltd., setting the buyback price at JPY 18,800 per share from January 15, 2026, through February 12, 2026.
DENSO previously disclosed on June 3, 2025, its intention to participate in the tender offer initiated by Tokyu Land Co., Ltd. The original tender offer was set at JPY 16,300 per share, but this has now been revised to JPY 18,800 per share. As a result of this change, DENSO's anticipated total proceeds from selling its entire stake in Toyota Automatic Loom Works have increased from JPY 241.6 billion to JPY 278.7 billion.
The revised schedule for the tender offer includes the following key dates: the announcement date is January 15, 2026; the tender period runs from January 15, 2026, to February 12, 2026; and settlement will begin on February 19, 2026. If the tender offer is successful and DENSO sells all of its ordinary shares in Toyota Automatic Loom Works during the fiscal year ending March 2026, it expects to recognize extraordinary gains from the sale of investment securities amounting to JPY 252.4 billion in its individual consolidated financial statements for the same period. This represents an increase from the previous estimate of JPY 215.3 billion based on the initial tender offer price.
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