TM · Toyota Motor Corporation

Toyota Motor Corporation announced the successful completion of its tender offer for own shares on April 27, 2026, acquiring 1,192,330,962 common shares at a fixed price of 3,067 yen per share, for a total cost of 3,656,879,060,454 yen. This repurchase was authorized via a written resolution dated March 30, 2026, in lieu of a board resolution, targeting up to 1,192,331,020 shares. Due to oversubscription with 1,193,574,956 shares tendered, the company applied a pro rata allocation method as per Japanese financial regulations, ensuring equitable distribution among tendering shareholders. Notably, Toyota Industries Corporation, holding approximately 9.15% ownership, tendered its full 1,192,330,920 shares but retained 1,242,720 shares (0.01%) after proration. Toyota Fudosan Co., Ltd. may request Toyota Industries to sell these residual shares promptly, though no firm decision has been made. The repurchase settles on May 25, 2026, with treasury shares to be retired on June 30, 2026, reducing outstanding shares and potentially enhancing earnings per share for remaining shareholders. Payments to tendering shareholders will be in cash, net of applicable taxes, which vary by residency and shareholder status, including dividend-like treatment for amounts exceeding stated capital per share.