Source disclosure: February 03, 2026
JTEKT Corporation [6473.T]
TOKYO, Feb 3 (Reuters) - JTEKT Corp said on Friday that its board has approved and recommended shareholders to tender all of the company's ordinary shares held in Toyota Industries Corp as part of an open tender offer announced by Toyota Real Estate Co Ltd.
JTEKT, led by President Yoshihito Kondo, made this decision based on Toyota Industries' public announcement on June 3, 2025, regarding the planned open tender offer for JTEKT's shares by Toyota Real Estate. The company further considered Toyota Industries' subsequent statement released on January 14, 2026, which expressed support for the tender offer and encouraged shareholders to participate.
The resolution was reached during a board meeting held today. As a result, JTEKT plans to tender all 2,002,625 ordinary shares it currently owns in Toyota Industries. This move is expected to generate a special gain of approximately ¥34.1 billion from the sale of these shares, which will be reflected in JTEKT’s individual financial statements for the fiscal year ending March 2026. The tender offer period runs from January 15, 2026, to February 12, 2026, with settlement starting on February 19, 2026.
Additionally, JTEKT noted that while the tender offer could lead to significant gains, the impact on its consolidated financial results under International Financial Reporting Standards (IFRS) would be minimal since any resulting gains or losses from the share sales would be treated as other comprehensive income rather than affecting operating profits directly.
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