JP Ver.

Kiyosu, Japan, August 8, 2025: Toyoda Gosei Co., Ltd. has resolved to acquire common shares and share acquisition rights of Ashimori Industry Co., Ltd., with the aim of making it a wholly owned subsidiary of Toyoda Gosei, in order to accelerate the growth of the automotive safety systems business through strengthened collaboration with Ashimori Industry, as well as to achieve synergies in Ashimori Industry’s high-performance products business. The purchase will be made through a tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, including subsequent revisions).

Toyoda Gosei Group has announced its “2030 Business Plan,” a medium- and long-term business plan, under which it set out a vision of becoming a company that pursues the possibilities of polymers to contribute to a future of better mobility and living, and in order to deliver value to society in the form of peace of mind and safety, comfort, and decarbonization, the company has been concentrating its management resources on domains capable of creating both social and economic value, notably safety systems.

Toyoda Gosei entered into a capital and business alliance agreement with Ashimori Industry and acquired 834,100 shares of the company (13.89% of total common shares outstanding excluding treasury shares at that time) in May 2021, and has built a collaborative framework in the safety systems business. In November 2023, Toyoda Gosei acquired an additional 869,400 shares in Ashimori Industry (14.48% of total common shares outstanding excluding treasury shares at that time), making it an equity-method affiliate. Under this new capital and business alliance, Toyoda Gosei has worked to strengthen synergies in the areas of development and design, sales, procurement, and production, aiming to become a system supplier that can propose and provide a total range of safety systems.

Making Ashimori Industry a wholly owned subsidiary will maximize the effect of integration in the safety systems business and support the further growth of Ashimori Industry’s high-performance products business to help Toyoda Gosei Group meet customer needs and respond to market changes in a timely manner.

 Summary of tender offer

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* For details, see “Notice Regarding Commencement of Tender Offer for Share Certificates, Etc. of Ashimori Industry Co., Ltd. (Securities Code 3526)” dated August 8, 2025.

* For details, see “Notice Regarding Commencement of Tender Offer for Share Certificates, Etc. of Ashimori Industry Co., Ltd. (Securities Code 3526)” dated August 8, 2025.