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  "documentTitle": "Toyota Industries Corporation (6201)",
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      "text": "Tax leakage: ¥0.8 trillion",
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      "text": "Source: Bloomberg, Company Materials, Third Party Tax Advisors. Notes: (1) Assumes unwinding of publicly traded cross-shareholdings at market price with the tax benefit associated with the cross-shareholding unwind plan; (2) Assumes unwinding of publicly traded cross-shareholdings at market price without the tax benefit of an issuer buyback.",
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      "text": "Same tax-efficient issuer buyback structure as the Revised TOB should be utilized in the Standalone Plan",
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      "text": "Cross-Shareholdings Can Be Unwound In a Tax-Efficient Manner",
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