Toyota Industries weighs going private with $42bn group-backed fund

Investment size and need for shareholder approval cast doubt on plan

20250425N Toyota Industries

Toyota Industries is a major shareholder in Toyota Motor, holding 9% of its shares. (Toyota Industries)

KYOHEI SUGA and TAKAYUKI YAO

NAGOYA, Japan -- Japanese machine maker and Toyota Motor parts supplier Toyota Industries is exploring going private under a special purpose company that would be backed by the automaker and other group members.

In addition to investments in the SPV by Toyota and group companies, financing from financial institutions is also being explored. The feasibility of the plan is unclear, given the large amount of funds necessary and the need to gain the support of Toyota shareholders.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.