Resolution on acquisition limit
Resolved 30 March 2026 (Monday)Tender offer for treasury sharesThe full horizontal line represents all issued shares, with marks at 10% intervals. The colored section represents the percentage stated in the resolution as the maximum proportion that may be repurchased under it.
This is a limit, and does not mean that the company will buy back all of it. The amount actually acquired will be shown in a later disclosure on the status of the acquisition of treasury shares.
From 31 March 2026 to 30 June 2026
The method was selected because acquiring the common shares of Toyota Motor Corporation owned by Toyota Industries Corporation as treasury shares would enable Toyota Motor Corporation to acquire a substantial number of treasury shares within a relatively short period without impairing the liquidity of its common shares, while minimizing the impact on general shareholders in considering the transaction as a whole. A substantial unwinding of cross-shareholdings among Toyota Group companies will significantly advance efforts to improve capital efficiency and contribute to the optimal allocation of management resources and the enhancement of corporate value.
| Item | Details |
|---|---|
| Class of shares to be acquired | Common shares |
| Maximum number of shares to be acquired | 1,192,331,020 shares (maximum) |
| Percentage of total issued shares | 9.15％ |
| Total acquisition price | ¥4,341,277,243,820 (maximum) |
| Acquisition period | From 31 March 2026 to 30 June 2026 |
| Method of acquisition | Tender offer for treasury shares |
| Reason for acquisition | The method was selected because acquiring the common shares of Toyota Motor Corporation owned by Toyota Industries Corporation as treasury shares would enable Toyota Motor Corporation to acquire a substantial number of treasury shares within a relatively short period without impairing the liquidity of its common shares, while minimizing the impact on general shareholders in considering the transaction as a whole. A substantial unwinding of cross-shareholdings among Toyota Group companies will significantly advance efforts to improve capital efficiency and contribute to the optimal allocation of management resources and the enhancement of corporate value. |
| Resolution date | 30 March 2026 (Monday) |
| Current number of treasury shares | 2,762,283,786 shares (as of 31 March 2025; calculated by adding the 16,226,100 shares acquired from 1 April to 15 April 2025 to the 2,746,057,686 treasury shares held as of 31 March 2025) |
| Total number of issued shares | 15,794,987,460 shares (as of 31 March 2025; total issued shares before deducting treasury shares) |
Items this document does not state (6)
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.To acquire the common shares of Toyota Motor Corporation held by Toyota Industries Corporation as part of a series of transactions, including taking Toyota Industries Corporation private. The acquisition is also intended to unwind cross-shareholdings among Toyota Group companies, improve capital efficiency, optimize the allocation of management resources and enhance corporate value.