Toyoda Gosei revises tender offer for Ashimori Industry shares

Toyoda Gosei Co., Ltd. has revised its tender offer for Ashimori Industry Co., Ltd. shares, lowering the minimum number of share certificates to be purchased from 2,308,100 shares to 1,800,100 shares. This adjustment changes the ownership ratio for the minimum purchase from 38.29% to 29.86%. The decision, made on October 16, 2025, follows a comprehensive review of tendering status and future outlook.

In conjunction with this change, Toyoda Gosei has extended the tender offer period. Originally set to conclude on October 16, 2025, the new deadline for acquiring share certificates is now October 30, 2025. The tender offer price remains unchanged at JPY 4,140 per share, reflecting Toyoda Gosei's view that it adequately reflects Ashimori Industry's value and provides a fair opportunity for shareholders to sell.

Ashimori Industry’s special committee indicated its continued support for the tender offer and recommended shareholders tender their shares, even with the revised conditions. The changes aim to enhance the certainty of a successful completion of the tender offer and the process of taking Ashimori Industry private.