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Elliott is the biggest independent investor in Toyota Industries and recently declared that it holds 6.65% of the company's shares. According to sources from Nikkei, its stake might have risen in recent days.
In June 2025, Toyota Fudosan Co., chaired by Akio Toyoda, stated that the company plans to purchase shares of Toyota Industries from Toyota Motor Corp., Aisin Corp., Denso Corp., and Toyota Tsusho Corp. at a price of 16,300 yen, which is equivalent to approximately $106.80. In January 2026, the company raised its offer to 18,800 yen. The total amount spent on the Toyota Industries share buyback will be 5.4 trillion yen, which is equivalent to approximately $35.4 billion.
As a result of the deal, Toyota Industries, which creates a variety of industrial products and provides supplies to Toyota Motor, will transition into a private company.
Elliott disagreed with the deal, arguing that it greatly undervalues Toyota Industries. The investor's analysis indicates that the company's net asset value is more than 26,000 yen per share, which is nearly 40% higher than the most recent offer made by Toyota Fudosan.
source: reuters.com
In June 2025, Toyota Fudosan Co., chaired by Akio Toyoda, stated that the company plans to purchase shares of Toyota Industries from Toyota Motor Corp., Aisin Corp., Denso Corp., and Toyota Tsusho Corp. at a price of 16,300 yen, which is equivalent to approximately $106.80. In January 2026, the company raised its offer to 18,800 yen. The total amount spent on the Toyota Industries share buyback will be 5.4 trillion yen, which is equivalent to approximately $35.4 billion.
As a result of the deal, Toyota Industries, which creates a variety of industrial products and provides supplies to Toyota Motor, will transition into a private company.
Elliott disagreed with the deal, arguing that it greatly undervalues Toyota Industries. The investor's analysis indicates that the company's net asset value is more than 26,000 yen per share, which is nearly 40% higher than the most recent offer made by Toyota Fudosan.
source: reuters.com