{
  "docId": "019dd923-622b-71dc-a6d9-8a44eb154135",
  "docSlug": "57f01d339401",
  "documentTitle": "Toyota Industries Corporation (6201)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Investment Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2026-01-27 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.4444444,
  "pageNumber": 39,
  "pageCount": 52,
  "prevPage": 38,
  "nextPage": 40,
  "slideType": "propose_solution",
  "function": "propose_solution",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "The slide uses a 'Case Study' and 'Benefits' structure to frame the proposal.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bullet_list",
    "callout_box",
    "icon_grid",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-8a44eb154135/39",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-8a44eb154135",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-8a44eb154135.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-8a44eb154135#slide-39",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "TICO could follow Hyster-Yale's example and find a majority bank partner for its lending business",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0930-77dc-94a7-46d3da3edf73",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.45,
        "x": 0.04,
        "y": 0.22
      },
      "kind": "framework",
      "text": "Case Study: Hyster-Yale 80/20 JV with Wells Fargo",
      "attrs": null,
      "subkind": "instance",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fda12fbd-30f3-46d2-af44-ec078df93f07",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.43,
        "x": 0.05,
        "y": 0.32
      },
      "kind": "list",
      "text": "Purpose: Provide financing to Hyster-Yale forklift customers... Ownership: 80% Wells Fargo, 20% Hyster-Yale... Balance sheet: Loans and leases sit on JV balance sheet...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "af4c3551-c19f-43fc-bf40-78539704e47c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.45,
        "x": 0.52,
        "y": 0.3
      },
      "kind": "list",
      "text": "Maintain operating role... Leverage bank partner's expertise... Move to an asset light model... Simplify TICO's financial statements...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d46aff50-92a2-4a85-ba5d-88e11fa2b5a6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.04,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: Company Materials, Leading Management Consulting Firm.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "124b5df9-8ab8-4261-830d-179b198c88e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.04,
        "y": 0.12
      },
      "kind": "title",
      "text": "TICO could follow Hyster-Yale’s example and find a majority bank partner for its lending business",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "abb6397b-c038-4a14-afd8-84ae855c173c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.6,
        "x": 0.04,
        "y": 0.07
      },
      "kind": "title",
      "text": "Sales Finance Business Could be Separated into a JV",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ecd36af7-17c7-4345-ab01-483215afbf1b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "argument-from-analogy",
      "slug": null,
      "matchId": "a98852bb-6fb5-4752-8bee-d803ae2eec03",
      "evidence": "Uses Hyster-Yale case study to justify TICO strategy",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 45,
      "from": 32,
      "beatId": "3bce5fd5-1dfd-4083-a2b6-0197fddd13b5",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "Elliott proposes a Standalone Plan as a better alternative, highlighting potential for value creation and improved communication.",
      "position": 2,
      "confidence": 0.9,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}