Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>As per media reports <a href="https://www.smartkarma.com/entities/toyota-motor-corp" target="_blank" data-smartkarma-citation="entities:73:1" rel="noopener">Toyota Motor (7203 JP)</a> (TMC) could be planning to unwind some of its US$19bn cross-shareholding by working with financial institutions.</li>
<li>In our prior series of notes, we had looked at the cross-shareholding across a swathe of companies, the largest of which was Toyota Motors.</li>
<li>In this note, we take a quick look at the possible shareholding unwind.</li>
</ul>


As per media reports Toyota Motor (7203 JP) (TMC) could be planning to unwind some of its US$19bn cross-shareholding by working with financial institutions.
In our prior series of notes, we had looked at the cross-shareholding across a swathe of companies, the largest of which was Toyota Motors.
In this note, we take a quick look at the possible shareholding unwind.


Aequitas: Toyota Motors Cross-Shareholding - Possible US$19bn Unwind, Might Not Be Soon

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/toyota-motor-corp" target="_blank" data-smartkarma-citation="entities:73:1" rel="noopener">Toyota Motor (7203 JP)</a> is rebounding from a small pullback that lasted 2 weeks and probably ended last week (to be confirmed this Friday at Close).</li>
<li>The stock was a bit oversold (68.5% probability of reversal), after last Friday's Close, according to our model.</li>
<li>If the rally continues, our target is 3800 and could be reached in 2-3 weeks total time. More details and analysis in the insight.</li>
</ul>



Toyota Motor (7203 JP) is rebounding from a small pullback that lasted 2 weeks and probably ended last week (to be confirmed this Friday at Close).
The stock was a bit oversold (68.5% probability of reversal), after last Friday's Close, according to our model.
If the rally continues, our target is 3800 and could be reached in 2-3 weeks total time. More details and analysis in the insight.


Toyota Motor (7203 JP) Tactical Outlook: Rally On?

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Toyota Motor Corp Spon Adr / Equity Bottom-Up

<ul><li>The Toyota Motor Corp. group has extended the tender deadline to March 2 for its ¥6.1 trillion ($35 billion) bid to privatize Toyota Industries Corp., underscoring the increasingly delicate math behind the deal.</li><li>Toyota already owns roughly 25% of Toyota Industries, and investors representing 33% of shares have agreed to tender, leaving the group approximately nine percentage points short of the two-thirds threshold required to push the transaction through.</li><li>The extension signals that the conglomerate needs additional time to secure support amid vocal opposition from Elliott Investment Management LP, which argues the ¥18,800-per-share offer undervalues the company.</li></ul>

The Toyota Motor Corp. group has extended the tender deadline to March 2 for its ¥6.1 trillion ($35 billion) bid to privatize Toyota Industries Corp., underscoring the increasingly delicate math behind the deal.Toyota already owns roughly 25% of Toyota Industries, and investors representing 33% of shares have agreed to tender, leaving the group approximately nine percentage points short of the two-thirds threshold required to push the transaction through.The extension signals that the conglomerate needs additional time to secure support amid vocal opposition from Elliott Investment Management LP, which argues the ¥18,800-per-share offer undervalues the company.

Toyota’s $35B Privatization Gamble Hits A Wall—Will A Higher Bid Be Forced?

<ul><li>Toyota Motor Corp surprised investors and industry observers by announcing that CEO Koji Sato will step aside after barely three years in the role, handing leadership to long-time finance chief Kenta Kon at a moment of mounting external and internal pressure.</li><li>The timing is not coincidental.</li><li>Toyota has disclosed that U.S. import tariffs will shave roughly $9 billion from operating profit, a material hit even for the world’s largest automaker by volume.</li></ul>

Toyota Motor Corp surprised investors and industry observers by announcing that CEO Koji Sato will step aside after barely three years in the role, handing leadership to long-time finance chief Kenta Kon at a moment of mounting external and internal pressure.The timing is not coincidental.Toyota has disclosed that U.S. import tariffs will shave roughly $9 billion from operating profit, a material hit even for the world’s largest automaker by volume.

Toyota Replaces Its CEO As $9 Billion Tariff Shock Forces A Reckoning!

Derivatives and Quantitative Strategist

Gaudenz Schneider

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/toyota-motor-corp" target="_blank" data-smartkarma-citation="entities:73:1" rel="noopener">Toyota Motor (7203 JP)</a> reports FY2026 3Q results on 6 Feb 2026; options markets price elevated earnings-day volatility.</li>
<li>
Highlight: Options imply a ±6.1% earnings move vs. historical ±2.4%. Japan-listed options are priced materially richer than US-listed <a href="https://www.smartkarma.com/entities/toyota-motor-corp-spon-adr" target="_blank" data-smartkarma-citation="entities:8245:1" rel="noopener">Toyota Motor ADR (TM US)</a> counterparts.</li>
<li>
Why Read: A concise read-through of Toyota’s earnings-day price history, volatility regime, and options positioning ahead of the announcement.</li>
</ul>



Toyota Motor (7203 JP) reports FY2026 3Q results on 6 Feb 2026; options markets price elevated earnings-day volatility.

Highlight: Options imply a ±6.1% earnings move vs. historical ±2.4%. Japan-listed options are priced materially richer than US-listed Toyota Motor ADR (TM US) counterparts.

Why Read: A concise read-through of Toyota’s earnings-day price history, volatility regime, and options positioning ahead of the announcement.


Toyota Motor (7203 JP // TM US): Options Price a Big Earnings Move on Feb 6

Japan

Toyota Motor Corporation manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Toyota Motor (7203 JP)

Aequitas: Toyota Motors Cross-Shareholding - Possible US$19bn Unwind, Might Not Be Soon

As per media reports Toyota Motor (7203 JP) (TMC) could be planning to unwind some of its US$19bn cross-shareholding by working with financial...

Sumeet Singh