In response to reports suggesting that Toyota Industries would accept a privatization proposal, the company issued a statement on June 3. The statement clarified that no final decision has been reached at this stage and that the board of directors would convene the same day to deliberate on the matter. The outcome of the discussions will be promptly disclosed. It is noteworthy that Akio Toyoda, Chairman of Toyota Motor, intends to acquire its affiliate, Toyota Industries, for a sum of 6 trillion yen (approximately $42 billion).