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Toyota CEO Rules Out Higher Toyota Industries Buyout Offer

Koji Sato at the Japan Mobility Show on Oct. 29.Photographer: Akio Kon/Bloomberg

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By Nicholas Takahashi and Tsuyoshi Inajima

October 30, 2025 at 1:00 AM UTC

Updated on

October 31, 2025 at 3:03 AM UTC

Toyota Motor Corp. has no plans to sweeten a deal involving a proposed ¥4.7 trillion ($31 billion) buyout of Toyota Industries Corp., Chief Executive Officer Koji Sato said, rebuffing widespread criticism of a planned privatization bid.

Sato said that while opinions differ on the valuation of Toyota Industries, there are no plans to change a discounted price offered by the Toyota group, led by Toyota’s chairman, Akio Toyoda. The group, including Toyota Motor, already owns about 38% of the company, which makes textile looms and forklifts.