Sekisui Chemical Co., Ltd.
Notice regarding the acquisition (subsidiarization) of Ausbuild Group
Sekisui Chemical Co., Ltd. acquires 51% of the Ausbuild Group to become a local subsidiary. Background relates to overseas expansion under the mid-term plan Accelerate 2028, growth in housing demand in Queensland and use of modular construction methods, and deployment of smart technology. Acquisition value is approximately AUD 335 million, with completion scheduled for January 2027. The impact on current consolidated results is under review.
Key Figures
- Acquired shares: 51%
- Acquisition value: Approximately AUD 335 million
- Transfer completion date: January 2027 (planned)
AI要約
Background and purpose
Based on Accelerate 2028, Sekisui Chemical positions overseas deployment of industrialized housing technology as a core growth strategy, and announces the decision to subsidiary Ausbuild Group to respond to increasing housing demand in Queensland and the need to utilize modular construction methods. Ausbuild possesses land development and construction capabilities, aiming to strengthen supply capacity through local operations and to establish a full-scale entry into the local market.
Outlook and schedule
The acquisition will obtain 51% of the shares of Ausbuild Group Pty Ltd. and Ausbuild Partners Pty Ltd via a newly established SPC. The final acquisition price is subject to adjustment. The transfer completion date is January 2027 (planned). Ausbuild Group is expected to be consolidated as a subsidiary in the fiscal year ending March 2027, with the impact on future consolidated earnings under review.
Sekisui Chemicals Co., Ltd.
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