Source disclosure: January 14, 2026
TOYOTA TSUSHO CORPORATION [8015.T]
TOKYO, January 14, 2026 (JCN Newswire) - Toyota Tsusho Corporation announced today that it has decided to tender its entire holdings of common shares in Toyoda Gosei Co., Ltd. in response to an upcoming public offering by a newly established company controlled by Toyota Real Estate Co., Ltd. The offer is set to commence on January 15, 2026, and will run until February 12, 2026.
The public offering price per share has been revised from the previously announced ¥16,300 to ¥18,800. This adjustment increases the total expected proceeds from the sale of Toyota Tsusho's shares from ¥249.2 billion to ¥287.5 billion. According to the press release, Toyota Tsusho had initially disclosed its intention to participate in the tender offer in a June 3, 2025 announcement.
In addition to updating the terms of the tender offer, Toyota Tsusho also provided detailed timelines for the process. The tender offer period will begin on January 15, 2026, and conclude on February 12, 2026. Settlement of the transaction is anticipated to start on February 19, 2026. These dates reflect adjustments made based on regulatory requirements and procedural considerations necessary for the completion of the tender offer.
Furthermore, Toyota Tsusho indicated that if the tender offer concludes successfully at the new price of ¥18,800 per share, the company expects to record a special gain of ¥251.1 billion from the sale of its Toyoda Gosei shares during its fiscal year ending March 2026. This represents an increase from the previous estimate of ¥212.8 billion due to the higher selling price per share. The company stated that these figures remain contingent upon the successful execution of the tender offer as planned.
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