Toyota Raises Offer for Toyota Industries by 15% to $39 Billion

On January 14, Toyota Motor Corporation announced it would increase its tender offer for the shares of its subsidiary, Toyota Industries Corporation, that it does not already own, by 15%—raising the price from ¥16,300 per share, initially proposed in June 2023, to ¥18,800 per share. The revised tender offer will officially open on January 15 and run through February 12. Following this adjustment, Toyota Industries’ total valuation has risen to approximately ¥6.1 trillion (about $39 billion). The move aims to further integrate group resources and strengthen internal synergies.