News
September 24, 2025
Toyoda Gosei Extends the Period of Tender Offer for Ashimori Industry
Kiyosu, Japan, September 24, 2025: Toyoda Gosei Co., Ltd. resolved to acquire share certificates, etc. of Ashimori Industry Co., Ltd. through a tender offer (hereinafter, the “Tender Offer”) from August 12 to September 24, 2025. However, after comprehensively considering the status of tendering by Ashimori Industry’s shareholders of their share certificates, etc. in the Tender Offer, the prospects for future tendering and other matters, Toyoda Gosei has determined to extend the period for acquiring share certificates, etc. in the Tender Offer (the “Tender Offer Period”) until October 16, 2025 to provide Ashimori Industry’s shareholders with further opportunities to decide whether or not to tender their share certificates, etc. in the Tender Offer.
During the Tender Offer Period, the market price of Ashimori Industry trended above the purchase price in the Tender Offer for a certain period. In light of this and other circumstances, Toyoda Gosei believes that extending the Tender Offer Period will provide Ashimori Industry’s shareholders with additional opportunities for further consideration, and more time to complete the procedures required to tender their share certificates, etc. in the Tender Offer.
Additionally, with respect to the interest expressed in the unrealized gains on the land used for Ashimori Industry’s head office and Osaka Plant, Toyoda Gosei’s view remains as stated in the press release dated September 10, 2025, “Tender Offer by the Company for Ashimori Industry Co., Ltd. (Securities Code: 3526),” and the purchase price in the Tender Offer has not been changed.
Toyoda Gosei would like to ask Ashimori Industry’s shareholders to review disclosed materials and other information on Tender Offer once again, and to consider and make a decision on whether or not to tender their share certificates, etc. in the Tender Offer.
Summary of the Tender Offer
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| Target company | Ashimori Industry Co., Ltd. (listed on Tokyo Stock Exchange Standard Market) |
| Tender offer period | Before extension: August 12, 2025 (Tuesday) to September 24, 2025 (Wednesday) (30 business days) After extension: August 12, 2025 (Tuesday) to October 16, 2025 (Thursday) (45 business days) |
| Purchase price | Common shares: JPY 4,140 per share Series 1 through Series 4 share acquisition rights: JPY 41,390 per share acquisition right |
| Number of shares to be purchased | Number of shares to be purchased: 4,324,138 shares Minimum number of shares to be purchased: 2,308,100 shares |
| Total purchase price | Approx. JPY 17.9 billion (appropriation of total amount from company funds) |
| Inquiries | Mizuho Securities Co., Ltd. (tender offer agent) [Tel.] 0570-000-324 (for those holding a Mizuho Securities account) 0120-555-324 (for those not holding a Mizuho Securities account) Rakuten Securities, Inc. (tender offer subagent) [Support page] https://www.rakuten-sec.co.jp/web/support/ |
* For details, see “Notice Regarding Changes to the Conditions, Etc. of the Tender Offer for Share Certificates, Etc. of Ashimori Industry Co., Ltd. (Securities Code 3526) ” dated September 24, 2025.
* For details, see “Notice Regarding Changes to the Conditions, Etc. of the Tender Offer for Share Certificates, Etc. of Ashimori Industry Co., Ltd. (Securities Code 3526) ” dated September 24, 2025.