Announcements of the partial sale of shares held by our company in Aisin Co., Ltd.
June 27, 2024News of individual stocks IR
Toyota Industries Corporation (hereinafter referred to as 'the Company') has decided to participate as one of the sellers in the sale of common stock of Aisin Co., Ltd. (President: Moritaka Yoshida) conducted by the same company today, and to sell a part of the shares of the same company held by the Company ('the Share Sale'), as notified below. For details on this sale, please refer to 'Announcement of Sale of Shares' published by the same company today.
We recognize the improvement of profitability, capital efficiency, and asset efficiency as important management issues aimed at achieving sustained business growth and medium to long-term corporate value enhancement. We have been continuously strengthening corporate governance based on the expectations of the stock market, while reducing our holdings of policy-owned shares and making aggressive growth investments, and allocating funds appropriately to invest in strengthening the foundation of management and business, as well as in returning profits to shareholders. Through this share sale, we will improve asset efficiency and invest the acquired funds in growth areas such as the mobility field, with a focus on automobiles, and logistics solutions.
Record
| 1. | Shares sold |
| Aisin Co., Ltd. shares (12,964,900 shares) |
| 2. | Reason for sale |
| Efficient operation of owned assets |
| 3. | Outlook for the future |
| The selling price from our company to the underwriter for this sale will be determined on either Monday, July 8, 2024, or Wednesday, July 10, 2024. After the completion of this share sale, we will continue to maintain our business relationship with Aisin Co., Ltd. |
Above.