Taisei completes Toyo Construction acquisition, making it a consolidated subsidiary

Taisei Corporation announced the successful completion of its tender offer for common shares of Toyo Construction Co., Ltd., which concluded on September 24, 2025. Taisei acquired 58,305,532 shares of Toyo Construction at a price of 1,750 yen per common share, totaling 102,034 million yen. This acquisition gives Taisei a voting rights ownership ratio of 61.81% in Toyo Construction.

As a result of the tender offer, Toyo Construction will become a consolidated and specified subsidiary of Taisei Corporation as of September 30, 2025, the commencement date of settlement. Taisei intends to implement squeeze-out procedures to make itself and Maeda Corporation the sole shareholders, leading to Toyo Construction's delisting from the Tokyo Stock Exchange Prime Market.

Toyo Construction's consolidated net sales for the fiscal year ended March 31, 2025, were 172,605 million yen, with a net income attributable to owners of parent company of 8,311 million yen. Taisei is currently examining the impact on its business performance.