{
  "docId": "019dd923-622b-71dc-a6d9-6d8641e8b0e3",
  "docSlug": "60e325dfa7ce",
  "documentTitle": "Toyota Industries Corporation (6201)",
  "authorId": "02_Elliott_Management",
  "authorName": "Aaron Tai and Gordon Singer",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2026-01-18 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.7727617,
  "pageNumber": 11,
  "pageCount": 17,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The chart tracks two components: Stakes in Publicly Listed Companies and Operating Business and Other.",
  "elementsJson": [
    "headline_text",
    "area_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-6d8641e8b0e3/11",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-6d8641e8b0e3",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-6d8641e8b0e3.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-6d8641e8b0e3#slide-11",
  "components": [
    {
      "bbox": {
        "h": 0.11,
        "w": 0.14,
        "x": 0.77,
        "y": 0.24
      },
      "kind": "callout",
      "text": "+¥5,438 per share Since deal announcement",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9bbeec86-4966-4447-9f89-7e4f14d4761a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.82,
        "x": 0.09,
        "y": 0.24
      },
      "kind": "chart",
      "text": "Stacked area chart showing NAV components over time",
      "attrs": null,
      "subkind": "area-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9520d900-4d09-4f49-bdfb-d3ee288e9f6f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.54,
        "x": 0.23,
        "y": 0.73
      },
      "kind": "legend",
      "text": "Stakes in Publicly Listed Companies | Operating Business and Other | Change in NAV Since Pre-Announcement",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c90d7fa2-662a-4a68-91d6-8639c7e8687f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "NAV per share: +¥5,438",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-0934-771a-b794-400dccf57aec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.09,
        "y": 0.79
      },
      "kind": "source-note",
      "text": "Source: Bloomberg, Company Materials",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb3a75d7-097e-4dcc-893f-ca434e92d600",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.82,
        "x": 0.09,
        "y": 0.19
      },
      "kind": "title",
      "text": "Appendix 3: Change in NAV per share between Pre-Announcement of Original TOB (June 3, 2025) and January 16, 2026",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "221765cc-1860-406e-8f57-6ca49595a228",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 17,
      "from": 9,
      "beatId": "97653f38-abcf-4a79-8e58-7a0d9be1dfcd",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Victory",
      "beatSlug": "overcoming-monster-the-victory",
      "evidence": "The letter provides appendices with data to support its claims.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}