Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
11097
¥ million (net sales of the business being split for the fiscal year ended March 2025)Wording
Conditional
How definitive the wording is.This transaction
This company splitCounterparty豊通オートモーティブクリエーション株式会社
Disclosing companyTOYOTA TSUSHO CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceNo consideration paid (no share allotment or other consideration paid)
Type of ConsiderationNo consideration paid
Impact on Business Performance
The impact of this company split on the Company's consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionAs this constitutes a simplified absorption-type company split for the Company and an abbreviated absorption-type company split for TAC, approval of the absorption-type company split agreement at a shareholders' meeting will not be sought.
Management structure after acquisitionThe names, locations, titles and names of representatives, business descriptions, capital, and fiscal year-ends of the Company and TAC will be unaffected by this company split. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This company split |
| Counterparty name | 豊通オートモーティブクリエーション株式会社 |
| Acquisition price | No consideration paid (no share allotment or other consideration paid) |
| Type of Consideration | No consideration paid |
| Voting rights ownership percentage | Before 100% → after 100% |
| Impact on Business Performance | The impact of this company split on the Company's consolidated results will be immaterial. |
| Date of board resolution | 26 March 2026 |
| Contract Date | 26 March 2026 |
| Execution Date / Effective Date | 1 October 2026 |
| Conditions Precedent to Execution | As this constitutes a simplified absorption-type company split for the Company and an abbreviated absorption-type company split for TAC, approval of the absorption-type company split agreement at a shareholders' meeting will not be sought. |
| Management structure after acquisition | The names, locations, titles and names of representatives, business descriptions, capital, and fiscal year-ends of the Company and TAC will be unaffected by this company split. Employee treatment: Not disclosed |
Items this document does not state (21)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
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 transfer part of the domestic automotive parts business to TAC, promote consolidation, and expand its business rights.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.