Toyoda Gosei launches tender offer for Ashimori Industry

Toyoda Gosei has launched a tender offer for Ashimori Industry's common shares at JPY 4,140 per share, and JPY 41,390 for each of the four series of share acquisition rights. The offer period runs from August 12, 2025, to September 24, 2025. This tender offer represents a premium ranging from 45.83% over Ashimori's August 7th closing price to 49.67% over the average price of the last three months.

The acquisition seeks to strengthen Toyoda Gosei's safety systems business by integrating Ashimori, an equity-method affiliate, to accelerate decision-making and enhance market responsiveness. The total amount for the tender offer is approximately JPY 17.9 bn, targeting 4,324,138 shares, with a lower limit of 2,308,100 shares.

This move is expected to foster synergies, particularly in Automotive Safety Systems and High Performance Product divisions, aiming to position Toyoda Gosei as a comprehensive supplier of optimally controlled airbag and seatbelt systems and expand its global market share. The tender offer also addresses Ashimori's "PALTEM" pipe rehabilitation business, recognizing its growth opportunities in social infrastructure.