With respect to Toyo Engineering Corporation’s (the “Company”) Class A Preferred Shares, Integral Team Limited Partnership and Innovation Alpha Team L.P. (collectively, “Integral”), which held such shares, have progressively reduced their holdings through the exercise of the acquisition request right under Article 12-6 of the Company’s Articles of Incorporation. As of April 10, 2026, all remaining Class A Preferred Shares held by Integral have been converted into common shares.
In addition, Integral announced on April 14, 2026 that it had completed the sale of all shares it held, 20,270,300 shares in total, through on-market trading on the Prime Market of the Tokyo Stock Exchange. The Company has confirmed that Integral currently holds no shares of the Company.
Since 2019, following Integral’s investment in our Class A Preferred Shares through a third-party allocation, the Company has worked to strengthen its financial foundation and enhance medium- to long-term corporate value. Going forward, to fulfill our mission of “Engineering for Sustainable Growth of the Global Community,” we will continue to reinforce our financial base, strengthen the competitiveness of our core plant engineering business, ensure rigorous project management, and strategically allocate management resources to growth areas, thereby pursuing sustainable growth in corporate value.
There will be no impact on the Company’s consolidated financial results for the fiscal year ended March 31, 2026 as a result of this matter.
*References:
February 16, 2026 Notice of Conversion of Class A Preferred Shares into Common Shares
February 27, 2026 Notice of Conversion of Class A Preferred Shares into Common Shares
March 18, 2026 Notice of Conversion of Class A Preferred Shares into Common Shares
April 1, 2026 Notice of Conversion of Class A Preferred Shares into Common Shares
April 10, 2026 Notice of Conversion of Class A Preferred Shares into Common Shares