Source disclosure: February 02, 2026
TAIHO KOGYO CO.,LTD. [6470.T]
TOKYO, Feb 02 (Pulse News Wire) – Taiho Kogyo CO.,LTD. (6470.T) decided today to bid its entire holdings of ordinary shares in Toyota Automatic Loom Works (Ticker Code: 7203.T) in a tender offer conducted by Toyota Asset Preparation Corp.
The move is expected to result in a special gain of ¥15 billion from securities sales in the fourth quarter ending March 2026. In a board meeting held on February 02, Taiho Kogyo concluded that bidding its policy-held shares was reasonable based on the conditions of the tender offer. Prior to the bid, Taiho Kogyo owned 81,500 shares of Toyota Automatic Loom Works, which will reduce to zero after the bid. The tender offer is scheduled to commence on January 15, 2026, and conclude on February 12, 2026, spanning 20 trading days.
According to the press release, the tender price per share is set at ¥18,800. Taiho Kogyo anticipates recognizing a special profit of ¥15 billion from the sale of its Toyota Automatic Loom Works shares during the fiscal year ending March 2026. However, the company noted that it would review and potentially revise its previously disclosed forecast for the fiscal year's consolidated performance due to various factors. Any necessary adjustments will be promptly communicated.
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