Toyoda Gosei acquires Ashimori Industry, expands subsidiary portfolio

Toyoda Gosei Co. announced on October 31, 2025, the successful completion of its tender offer for Ashimori Industry Co. The tender offer, which began on August 12, 2025, concluded on October 30, 2025. Toyoda Gosei acquired 1,996,068 shares, totaling an acquisition price of 8,263 million yen. This outcome surpassed the minimum required tender of 1,800,100 shares.

As a result of the tender offer, Ashimori Industry will become a consolidated subsidiary of Toyoda Gosei on November 6, 2025. Concurrently, ASHIMORI INDUSTRIA de MEXICO, S.A. de C.V., a 100% owned subsidiary of Ashimori Industry, will also become an indirectly owned consolidated subsidiary of Toyoda Gosei.

Toyoda Gosei's ownership of voting rights in Ashimori Industry will increase from 28.26% to 61.38% after the tender offer. Toyoda Gosei plans to acquire all remaining shares of Ashimori Industry, which is expected to result in its delisting from the Standard Market of the Tokyo Stock Exchange. The impact of these changes on Toyoda Gosei's projected performance for the current fiscal year is considered immaterial.