Denso to participate in Toyota Industries tender offer
Denso Corporation (TSE:6902) announced its decision to participate in the tender offer for shares of Toyota Industries Corporation, as outlined in Toyota Fudosan Co., Ltd.’s press release. As a result, Denso will tender all 14,823,500 common shares it holds in Toyota Industries. This action necessitates the termination of the share forward agreement with Nomura Securities Co., Ltd., concerning tranches with unsettled dates. If the tender offer is successfully closed within the fiscal year ending March 31, 2026, Denso anticipates recognizing an extraordinary gain of JPY 215.3 billion in its non-consolidated results as gains on the sale of investment securities.
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