Elliott Management Releases Presentation on Toyota Industries Corporation - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Elliott Management Releases Presentation on Toyota Industries Corporation ##### Up next ![Prysmian Reinforces Its Long-Term Commitment to Asia Pacific, Supporting the Next Wave of Energy and Digital Infrastructure Growth](https://i0.wp.com/mma.prnasia.com/media2/2870093/RDP08270_M__1.jpg?resize=200%2C110&ssl=1 "Prysmian Reinforces Its Long-Term Commitment to Asia Pacific, Supporting the Next Wave of Energy and Digital Infrastructure Growth") [](https://thailandbusinessnews.net/press-release/prysmian-reinforces-its-long-term-commitment-to-asia-pacific-supporting-the-next-wave-of-energy-and-digital-infrastructure-growth/) ###### [Prysmian Reinforces Its Long-Term Commitment to Asia Pacific, Supporting the Next Wave of Energy and Digital Infrastructure Growth](https://thailandbusinessnews.net/press-release/prysmian-reinforces-its-long-term-commitment-to-asia-pacific-supporting-the-next-wave-of-energy-and-digital-infrastructure-growth/) Published on 27 January 2026 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/2705826/5734630/Elliott_WhiteText_Green_Logo.jpg?p=medium600 "logo") Elliott does not intend to tender its shares into the Revised TOB at the current terms and strongly encourages other shareholders not to tender LONDON, Jan. 27, 2026 /PRNewswire/ — Elliott Investment Management L.P. and Elliott Advisors (UK) Limited ("Elliott"), which advise funds that together have a significant ownership stake in Toyota Industries Corporation ("Toyota Industries" or the "Company"), today released an investor presentation titled "Elliott’s Perspectives on Toyota Industries." In the presentation, Elliott, the largest independent shareholder of Toyota Industries, outlined its opposition to the revised tender offer by Toyota Fudosan Co., Ltd. at ¥18,800 per share (the "Revised TOB"), which Elliott believes very significantly undervalues Toyota Industries. Elliott’s analysis showed the Company’s intrinsic net asset value to be more than ¥26,000 per share as of January 16, 2026 – almost 40% above the Revised TOB price. Elliott’s presentation also outlined the Standalone Plan for Toyota Industries, which offers a far more compelling option for shareholders than the Revised TOB. The Standalone Plan – including full cross-shareholding unwind and operational improvements – offers a clear path to an intrinsic net asset value of more than ¥40,000 per share by 2028, representing more than 120% upside to the Revised TOB price. The presentation described the significant deficiencies in the transaction governance process and noted that if the Revised TOB succeeds, it would represent a setback for Japan’s corporate governance reforms and dampen investor interest in the Japanese market. Elliott does not intend to tender its shares into the Revised TOB at the current terms and strongly encourages other shareholders not to tender. The presentation can be viewed at [https://elliottletters.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4603064-1&h=3382553913&u=https%3A%2F%2Felliottletters.com%2F&a=https%3A%2F%2Felliottletters.com). About Elliott Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $76.1 billion of assets as of June 30, 2025. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management L.P. Investor Contacts: Okapi Partners LLC New York: Pat McHugh T:+1 212 297 0720 Toll Free: (877) 629-6357 London: Christian Jacques T: +44 20 3031 6613 Media Contacts: London Stijn van de Grampel Elliott Advisors (UK) Limited T: +44 20 3009 1061 New York Stephen Spruiell Elliott Investment Management L.P. T: +1 (212) 478-2017 Tokyo Brett Wallbutton Ashton Consulting T: +81 (0) 3 5425-7220 [Source link ](http://www.prnasia.com/story/archive/4870706_AE70706_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/empowering-knowledge-monetization-baijiayuns-duanxunbao-has-completed-its-autumn-upgrade/) ## Empowering Knowledge Monetization, Baijiayun's "DuanXunBao" Has Completed Its Autumn Upgrade BEIJING, Nov. 26, 2024 /PRNewswire/ — Baijiayun Group Ltd ("Baijiayun" or the… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - November 26, 2024 [](https://thailandbusinessnews.net/press-release/intron-seeks-a-strategic-partner-to-explore-the-promising-market-for-mrsa-decolonization/) ## iNtRON Seeks a Strategic Partner to Explore the Promising Market for MRSA Decolonization Aiming to Provide a Novel Solution Against Post-Operative MRSA Infections Demonstrated its… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - 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