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  "documentTitle": "Toyota Industries Corporation (6201)",
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      "text": "\"There is no disclosure in the TICO announcement of the financial projections, discount rates, or tax assumptions [...].\" — ACGA, July 2025; \"There's huge hidden asset value in the land and other holdings at Toyota Industries.\" — CEO of Board Training Institute of Japan (Nick Benes), June 2025; \"Dialogue between top management and investors / shareholders drives the corporate value enhancement process, and we hope that this dialogue will be held at least once a quarter.\" — Dalton Investments letter to TICO, May 2024; \"[TICO's] historically depressed market valuation was a direct consequence of its governance and ownership structure and, therefore, should not be used as a transaction valuation anchor.\" — GMO, May 2025",
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      "text": "Source: Company Materials, Press Reports.",
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