Notice Concerning Acquisition of Shares of IHI Logistics & Machinery Corporation

News Release Management Products

Toyota Industries Corporation (hereinafter "Toyota Industries") hereby announces that it has signed a share transfer agreement today with IHI Corporation (hereinafter "IHI") to acquire 80% of the issued shares of IHI Logistics & Machinery Corporation (hereinafter "IHI Logistics & Machinery"), a consolidated subsidiary of IHI engaging in its logistics systems business.

1. Purpose of the Share Acquisition

Toyota Industries positions the logistics solutions business as a priority area and engages globally in the provision of solutions combining automation products and systems in a wide range of fields, such as warehouse automation for logistics centers and plants as well as for airports and ports. With the expansion of e-commerce in recent years, cargo volume is increasing, yet there is a prominent shortage of manpower within Japan, and logistics automation needs are expected to further increase.
IHI Logistics & Machinery has strengths centered on its in-house products such as automated storage and retrieval systems compatible with refrigerator and freezer environments and conveyors and logistics automation for the fields of food and beverages and refrigeration and freezing. It is also strong in after-sales services using its networks of sites located across Japan. Through this acquisition of shares, Toyota Industries will create synergy in sales and technology with IHI Logistics & Machinery as well as expand product lineup and enhance service capabilities to meet the logistics automation needs of customers. Further growth of both companies will be sought in the area of warehouse automation, which is expected to expand in market size in the future.

2. Overview of the Share Acquisition

Toyota Industries will acquire 80% of the issued shares of IHI Logistics & Machinery held by IHI. Completion of this share acquisition is scheduled for April 1, 2027, after screening under the competition laws of the relevant countries. With respect to the remaining 20% of shares, IHI plans to continue to hold them for a continuous period of five years, after which they will be acquired by Toyota Industries to make IHI Logistics & Machinery a wholly owned subsidiary.

3. Overview of IHI Logistics & Machinery

（1）Name IHI Logistics & Machinery Corporation
（2）Location 3-1-1, Toyosu, Koto-ku, Tokyo, Japan
（3）Representative Motohiro Kawada, Representative, President, and CEO
（4）Business Activities

a. Sales, engineering, manufacturing, procurement, construction, and maintenance services for materials handling equipment, factory automation equipment, and industrial machinery

b. Consulting and engineering services for materials handling equipment, factory automation equipment, and industrial machinery
（5）Capital 1,000 million yen (as of the end of March 2025)
（6）Date of Establishment July 2, 1984
（7）Number of Employees 616 (as of the end of March 2026)

（8）Major Shareholders and
　　 Shareholding Ratio

 IHI Corporation 100%
（9）Relationship with
　　 Toyota Industries		 Capital relationship No such relationship
Personnel relationship No such relationship
Business relationship Transactions in some businesses
（10）Financial Position and Operating Results for The Past Three Years (millions of yen)
Fiscal Year ended March
2023		 ended March 2024 ended March
2025
Net Assets 6,606 6,988 7,976
Total Assets 20,982 22,567 23,761
Net Assets per Share 1 1 1
Sales 30,036 32,371 32,802
Operating Profit 689 1,362 2,050
Ordinary Profit 842 1,316 2,088

Profit attributable
to owners of parent

 604 802 1,475
Profit attributable
to owners of parent per share		 0.151 0.2 0.368

4. Acquisition Price

The acquisition price is not disclosed.

Reference: Overview of Toyota Industries

（1）Name Toyota Industries Corporation
（2）Location 2-1, Toyoda-cho, Kariya-shi, Aichi, Japan
（3）Representative Koichi Ito, President
（4）Business Activities Manufacture and sale of textile machinery, materials handling equipment, automobiles, and automobile parts
（5）Capital

80,462 million yen (as of the end of March 2026)
（6）Date of Establishment November 18, 1926
（7）Total Equity 6,850,611 million yen (as of the end of March 2026)
（8）Total Assets 11,187,139 million yen (as of the end of March 2026)
（9）Number of Employees 81,808(consolidated, as of the end of March 2026)

（10）Major Shareholders and
　　 Shareholding Ratio
　　 (as of the end of March 2026)
　　

 Toyota Asset Preparatory Co., Ltd. 63.60%
Toyota Motor Corporation 24.66%