Komori
Business Alliances5105Toyo Tire CorporationAutomobiles and transportation equipment

Notice Regarding the Termination of the Capital and Business Alliance with Mitsubishi Corporation

The capital and business alliance with Mitsubishi Corporation is scheduled to be terminated on 10 August 2026, subject to Mitsubishi Corporation’s ownership ratio falling below the threshold specified in the agreement as a result of the execution of the share repurchase. The two companies state that they will maintain a good relationship after the termination of the alliance.

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Agreements reached under this partnership

Discontinuation
5105Toyo Tire Corporation
Alliance partnerMitsubishi Corporation
Details of the alliance
  1. 1

    Strengthening Sales Capabilities

  2. 2

    Strengthening Technological Capabilities

  3. 3

    Strengthening resources

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

Shareholding ratio20.01% (as a percentage of the total number of issued shares, excluding treasury shares) → To fall below the threshold specified in the capital and business alliance agreement
Dispatch of directors and officersSeveral people have been seconded from Mitsubishi Corporation to our company.
Change in major shareholdersMitsubishi Corporation: 20.01% → Not disclosed
About the partner
Business DescriptionMitsubishi Corporation operates a diversified business across a broad range of industries through seven groups: Energy & Power Solution, Materials Solution, Mineral Resources, Social Infrastructure, Mobility, Food Industry, and S.L.C. (Smart-Life Creation).
LocationChiyoda-ku, Tokyo
Share capital¥213,824,679,326
Net Sales¥19,567,601 million (fiscal year ended March 2024), ¥18,617,601 million (fiscal year ended March 2025), ¥18,915,995 million (fiscal year ending March 2026)
Impact on Business Performance

This matter will have no impact on the Company's consolidated results.

Date of board resolution7 August 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerMitsubishi Corporation
Alliance partner's business activitiesMitsubishi Corporation operates a diversified business across a broad range of industries through seven groups: Energy & Power Solution, Materials Solution, Mineral Resources, Social Infrastructure, Mobility, Food Industry, and S.L.C. (Smart-Life Creation).
Alliance partner's locationChiyoda-ku, Tokyo
Alliance partner's capital¥213,824,679,326
Alliance partner's net sales¥19,567,601 million (fiscal year ended March 2024), ¥18,617,601 million (fiscal year ended March 2025), ¥18,915,995 million (fiscal year ending March 2026)
Type of allianceDiscontinuation
Details of the allianceStrengthening Sales Capabilities, Strengthening Technological Capabilities, Strengthening resources
Shareholding ratio20.01% (as a percentage of the total number of issued shares, excluding treasury shares) → To fall below the threshold specified in the capital and business alliance agreement
Dispatch of directors and officersSeveral people have been seconded from Mitsubishi Corporation to our company.
Date of board resolution7 August 2026
Impact on Business PerformanceThis matter will have no impact on the Company's consolidated results.
Change in major shareholdersMitsubishi Corporation: 20.01% → Not disclosed
Items this document does not state (11)
Alliance partner's operating incomeNumber of shares acquiredAcquisition priceOverview of the joint ventureOwnership ratioContract PeriodNumerical targets under the allianceShareholding PolicyContract DateAlliance start dateShare Acquisition Date and Payment Date

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The two companies determined that the original objectives of the capital and business alliance had been achieved, as collaborative initiatives including strengthening sales capabilities, technical capabilities and resources had achieved the initially targeted strengthening of the business and management foundations, and an operating structure had been established that enables our company to grow autonomously and sustainably.

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Notice Regarding the Termination of the Capital and Business Alliance with Mitsubishi Corporation | Toyo Tire Corporation (5105) timely disclosure | Komori