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        News and Press Release

        CCI approves acquisition of certain shareholding of Toyota Industries Corp by Elliott Associates, L.P., Elliott International, L.P., and Liverpool Ltd Partnership (Acquirers)

        January 28, 2026

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        CCI, the Commission has approved acquisition of certain shareholding of Toyota Industries Corporation by Elliott Associates, L.P., Elliott International, L.P., and The Liverpool Limited Partnership (Acquirers).

        The proposed acquisition relates to the acquisition of certain equity shareholding and voting rights of Toyota Industries Corporationby the Acquirers through one or more on-market purchase(s) on the Prime Market of the Tokyo Stock Exchange (TSE) and/or the Premier Market of the Nagoya Stock Exchange (Nagoya SE).

        Elliott Associates, L.P. is a limited partnership, which is managed and/or advised by Elliott Investment Management L.P. (EIM).

        Elliott International, L.P. is a limited partnership, which is managed and/or advised by EIM.

        The Liverpool Limited Partnership is a limited partnership which is managed and/or advised by EIM.

        Toyota Industries Corporationis publicly listed on the TSE and Nagoya SE. It is mainly engaged in manufacturing and sale of automobiles, materials handling equipment (such as lift trucks and automated logistics solutions), as well as textile machinery.

        Detailed order of the Commission will follow.

        Elliott entities acquire Toyota Industries shareholding via on market purchases after CCI approval on Tokyo and Nagoya exchanges. CCI approved the acquisition by Elliott Associates, Elliott International and The Liverpool Limited Partnership of certain equity shareholding and voting rights in Toyota Industries Corporation to be effected through one or more on market purchases on the Prime Market of the Tokyo Stock Exchange and/or the Premier Market of the Nagoya Stock Exchange.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Elliott entities acquire Toyota Industries shareholding via on market purchases after CCI approval on Tokyo and Nagoya exchanges.

                                CCI approved the acquisition by Elliott Associates, Elliott International and The Liverpool Limited Partnership of certain equity shareholding and voting rights in Toyota Industries Corporation to be effected through one or more on market purchases on the Prime Market of the Tokyo Stock Exchange and/or the Premier Market of the Nagoya Stock Exchange.





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