Toyota Group has announced a series of transactions aimed at privatizing Toyota Industries Corporation. This move is part of the group’s broader strategy to transform into a mobility company, contributing to the development of the mobility industry both in Japan and globally.
Toyota Fudosan Co., Ltd. disclosed plans for a tender offer for shares of Toyota Industries Corporation. The initiative involves key players such as Toyota Motor Corporation, AISIN Corporation, DENSO CORPORATION, and Toyota Tsusho Corporation. These companies are participating in transactions designed to privatize Toyota Industries through a new holding company.
The financial commitment includes an investment of approximately 180 billion yen by Toyota Fudosan and 1 billion yen from Mr. Akio Toyoda. Additionally, Toyota Motor will invest around 700 billion yen in non-voting preferred shares. These investments will be funded by reinvesting proceeds from selling shares of Toyota Industries held by these entities since its listing.
In parallel with these developments, cross-shareholding between Toyota Industries and the four involved companies will be dissolved, except for continued investment by Toyota Motor in preferred shares.
Toyota Group’s focus on transforming into a mobility company encompasses the movement of people, goods, information, and energy. Within this framework, Toyota Industries is concentrating on logistics solutions such as autonomous technologies for forklifts and environmentally friendly powertrains.
The privatization aims to enhance collaboration within the group and advance activities related to logistics swiftly. This effort aligns with the group’s review of capital relationships from FY2023 to ensure growth and competitiveness.
Toyota Motor Corporation emphasizes developing innovative products that create happiness through mobility while adhering to its Guiding Principles and supporting sustainable development goals.
