From Yahoo Finance: 2025-06-03 06:53:00

Toyota is set to take its supplier, Toyota Industries, private in a deal worth £33bn to strengthen family control and align with Japanese government goals. The move includes a personal investment from Toyota Motor chairman Akio Toyoda and aims to enhance collaboration within the Toyota Group.

Founded by Toyoda’s great-grandfather, Toyota Industries supplies textile looms, forklifts, and car parts. To privatise the company, a new holding company will be established with significant investments from Toyota Group companies, Akio Toyoda, and Toyota Motor through non-voting preferred shares.

The plan involves Toyota Motor, AISIN, DENSO, and Toyota Tsusho selling their shares in Toyota Industries to dissolve cross-shareholding, except for Toyota Motor which will maintain an investment in the form of preferred shares. Toyota Industries is focusing on developing autonomous technologies for logistics equipment and data utilization for efficient goods movement.

The privatisation aims to deepen collaboration within the Toyota Group, advance activities in the mobility sector, and restore governance trust following regulatory scandals at Toyota Industries. The move reflects Toyoda’s commitment to enhancing the company’s operations and positioning within the industry.



Read more at Yahoo Finance: Toyota to take key supplier private