Toyoda Gosei adjusts tender offer for Ashimori Industry shares

Toyoda Gosei, through a board resolution on October 16, 2025, announced changes to its tender offer for Ashimori Industry Co., Ltd. shares. The minimum number of shares to be purchased has been reduced from 2,308,100 shares (38.29% ownership) to 1,800,100 shares (29.86% ownership). The tender offer period has also been extended by 10 business days, from October 16, 2025, to October 30, 2025, resulting in a total offer period of 55 business days.

The tender offer price remains unchanged at 4,140 yen per share, with Toyoda Gosei stating it reflects Ashimori Industry's value and offers shareholders a reasonable opportunity to sell. Ashimori Industry's board of directors continues to recommend the tender offer, maintaining its initial approval from August 8, 2025, based on a special committee’s review. The change aims to enhance the certainty of the tender offer's success, particularly concerning the potential for a subsequent squeeze-out process.