TOYOTA INDUSTRIES CORPORATION Board Supports Tender Offer, Recommends Shareholders Tender

Source disclosure: January 14, 2026

TOYOTA INDUSTRIES CORPORATION [6201.T]

TOKYO — Toyota Industries Corporation (TYO: 6201) announced on January 14, 2026, that its board has approved and recommended shareholders to tender their shares as part of an open offer initiated by Toyoda Asset Preparation Corporation.

The decision follows extensive regulatory clearances required under various jurisdictions including antitrust laws, foreign subsidy regulations, investment control laws, and financial regulatory frameworks in the UK and Sweden. As of January 13, 2026, all necessary approvals had been secured from relevant authorities in Australia, Canada, Israel, and South Africa, among others. This allowed Toyoda Asset Preparation Corporation to proceed with the public tender offer starting January 15, 2026.

Toyota Industries' board expressed support for this move through resolutions recommending shareholders to participate in the tender offer. The company's board also established a special committee to review and advise on the merits of the offer. According to the announcement, the special committee confirmed that it was appropriate for the board to recommend participation in the tender offer, and this recommendation remained unchanged up until the start date.

Additionally, Toyota Industries highlighted several conditions precedent to the commencement of the tender offer, which included obtaining clearance from judicial and administrative bodies, ensuring compliance with contractual obligations outlined in the basic agreement between Toyota Real Estate Co., Ltd. and Toyota Industries, and confirming that no significant adverse impacts were affecting the company prior to the launch of the tender offer. All these conditions were met, paving the way for the successful initiation of the tender process aimed at delisting Toyota Industries' shares.

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