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  "documentTitle": "Toyota Industries Corporation (6201.T)",
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  "authorName": "Elliott Management",
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  "presentationDate": "2026-01-27 00:00:00",
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  "density": "dense",
  "nDataPoints": 7,
  "notes": "The chart shows the components of value creation: cross-shareholding divestment, operating cash flow, industrial vehicle business growth, and automotive business governance/ROI improvements.",
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      "text": "+63% 現在の1株あたりNAVから",
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      "kind": "chart",
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      "kind": "disclaimer",
      "text": "注: (1) NAVの計算は全て税引後で表示、(2) 配当金支払いがないこと、およびコンセンサスFCFを前提としている、(3) 2028年3月時点の評価は、今後12か月間のEBIT予測（すなわち2029年3月期EBIT）に基づいている、(4) 豊田自動織機の自動車部門資産に対し8%のROICを想定し、保守的なEBITDA倍率（リース費用調整後）5倍で評価",
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      "kind": "list",
      "text": "スタンドアローン・プランの主な要素: 持合株式の解消, 営業キャッシュ創出, 産業車両事業, 自動車事業",
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      "text": "NAV per share: 40,000円",
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      "text": "スタンドアローン・プランは、業界をリードする産業車両事業を軸に、より高い利益率と成長率を通じた価値を生み出すべく、オペレーション改善の各種施策を想定",
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      "kind": "source-note",
      "text": "出典: 会社開示資料、Bloomberg",
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      "kind": "title",
      "text": "スタンドアローン・プラン (2/2): 1株あたり40,000円超への道筋",
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