Toyota Motor announced on Wednesday that it has raised its tender offer price to 18,800 yen per share for Toyota Industries, up from the 16,300 yen level proposed last June. The enhanced bid values the takeover at just over $35 billion and underscores Toyota Motor’s intent to take its founding affiliate private. This development follows Toyota Industries’ December request for a higher price, with independent advisers having previously set a valuation range that exceeded the original offer. Market participants view the revised price as Toyota Motor’s attempt to secure board and shareholder approval while balancing the risk of undervaluation.

In Tokyo trading, Toyota Motor’s share price climbed more than 7% after domestic equities surged to fresh highs. The rally was driven by a weakening yen, which slid past the 159-per-dollar mark for the first time since mid-2024 as speculation mounted over Japan’s potential snap election and expansionary fiscal policy under Prime Minister Sanae Takaichi. Investors favored exporters, with Toyota Motor—the largest component of the Nikkei 225—among the biggest gainers. Futures on the benchmark index rose 3.1%, highlighting the positive correlation between a softer yen and stronger stock performance.

At the 2026 Washington, D.C. Auto Show, Toyota Motor is offering an outdoor Ride & Drive experience under the L Street Bridge from January 23 through February 1. The brand is presenting its latest lineup of cars and SUVs, emphasizing advanced safety systems such as its latest pre-collision and lane-keeping assist technologies, intuitive infotainment integration, and hybrid powertrain efficiency. The hands-on sessions allow attendees to test models on real roads, offering investors insight into Toyota’s ongoing efforts to blend reliability with next-generation mobility solutions.