Toyota Tsusho (TYO:8015) plans to tender all 15.3 million of its common shares in Toyota Industries Corp. in a planned tender offer for a total of 249.2 billion yen or 16,300 yen per share.
This will result in Toyota Tsusho holding zero shares of Toyota Industries after the tender, according to its filing on Tuesday.
If the tender offer is completed and shares are sold during the fiscal year ending March 31, 2026, Toyota Tsusho expects to record an extraordinary gain on the sale of investment securities of 212.8 billion yen in its non-consolidated financial statements.
However, this sale will have no impact on its consolidated financial results as the gain will be recorded as other comprehensive income under International Financial Reporting Standards (IFRS).
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