Toyota Tsusho delays own share tender offer to March 2026

Toyota Tsusho Corporation reported a delay in its planned tender offer for its own shares, now expecting to commence in or after March 2026, a revision from its previously anticipated mid-January 2026 timeframe. This delay is directly linked to the progress of the tender offer for Toyota Industries Corporation by a stock company established by Toyota Fudosan Co., Ltd.

Toyota Fudosan had initially aimed to commence the Toyota Industries tender offer around early December 2025. However, Toyota Tsusho was informed that the completion of the necessary procedures and the commencement of the Toyota Industries tender offer are now expected in or after February 2026. These procedures include obtaining approvals under domestic and foreign competition laws, EU Foreign Subsidies Regulation, foreign investment control laws, and financial regulatory laws.

Toyota Tsusho's own tender offer for shares is conditional on the successful completion and settlement of the Toyota Industries tender offer. The company stated it would formally resolve to commence its tender offer as soon as practicable once these conditions are met, and any further changes to the expected timing will be promptly announced.