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  "documentTitle": "Toyota Industries Corporation (6201)",
  "authorId": "02_Elliott_Management",
  "authorName": "Aaron Tai & Gordon Singer",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2026-01-18 00:00:00",
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  "density": "balanced",
  "nDataPoints": 14,
  "notes": "The chart uses a waterfall-bridge structure to reconcile business value and financial assets to arrive at an implied NAV per share.",
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      "kind": "callout",
      "text": "+27% 当初TOB公表時点における公正価値までの上昇余地",
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      "kind": "metric",
      "text": "NAV: ¥20,696",
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      "kind": "source-note",
      "text": "出典：Bloomberg、会社開示資料",
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      "kind": "title",
      "text": "別紙 1: 当初 TOB 条件は、予告時点において、豊田自動織機を著しく過小評価していた（2025 年 6 月 3 日時点）",
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