Harima Chemicals Group, Inc.
Notice of Withdrawal from LAWTER (N.Z.) Business
Decided to withdraw LAWTER (N.Z.) operations. Production to cease on 2027-06-30, with factory closure planned for May 2028. A special loss of approx. 2.8 billion yen is expected to be recorded in Q3 of the fiscal year ending March 2027, and a gain on sale of SunPine AB shares of approx. 3.7 billion yen is also expected to be recorded in the same quarter.
Key Figures
- Special loss: approx. 2.8 billion yen (Planned to be recorded in Q3 of the fiscal year ending March 2027)
- Gain on sale of shares: approx. 3.7 billion yen (SunPine AB) Planned to be recorded in Q3 of the fiscal year ending March 2027
- Withdrawal schedule: Production suspension 2027-06-30, Factory closure May 2028
AI要約
Overview of Withdrawal
Harima Chemicals Group, Inc. has decided to withdraw from the New Zealand operations of its consolidated subsidiary LAWTER (N.Z.) Limited. The decision was made due to deteriorating local market conditions, rising manufacturing costs, and instability in raw material procurement, which made performance recovery difficult. Production activities will cease on 2027-06-30; the site will be temporarily used as a logistics hub and the factory will be closed in May 2028.
Financial Impact and Outlook
A special loss of approx. 2.8 billion yen is expected to be recorded in Q3 of the fiscal year ending March 2027 in connection with the withdrawal. In addition, a gain on the sale of SunPine AB shares of approx. 3.7 billion yen is also planned to be recorded in the same quarter. The company will continue to examine the overall financial impact.
Harima Chemicals Group, Inc.
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