Daicel Corporation
Notice Regarding Company Split (Simplified Absorption-Type Company Split) with Consolidated Subsidiary and Change of Consolidated Subsidiary’s Trade Name
Daicel Corporation has resolved to succeed all businesses of its consolidated subsidiary Polyplastics Co., Ltd. by a simplified absorption-type company split effective April 1, 2026, and to change the subsidiary's trade name to "HPP Holdings Co., Ltd.".
Key Figures
- Net Sales (Target Businesses of Polyplastics): 114,227 million yen (Fiscal year ending March 2025)
- Net Assets (Polyplastics): 32,127 million yen (Fiscal year ending March 2025)
- Total Assets (Polyplastics): 126,077 million yen (Fiscal year ending March 2025)
AI要約
Overview of the Company Split
Daicel Corporation has resolved to succeed all businesses of its consolidated subsidiary Polyplastics Co., Ltd. (excluding the stockholding and management business of subsidiaries and affiliates) by a simplified absorption-type company split effective April 1, 2026. In conjunction with this, the trade name of Polyplastics will be changed to "HPP Holdings Co., Ltd.". This absorption-type company split meets the requirements of a simplified split and will be implemented without approval from the shareholders' meeting.
Purpose and Future Outlook
This absorption-type company split aims to strengthen the engineering plastics business based on the medium-term strategy "Accelerate 2025." It aims to maximize corporate value through knowledge sharing of technical services and solutions provided by Polyplastics, strengthening collaboration with the Safety Business and Material Business, effective utilization of human resources across the Group, and streamlining corporate functions. The impact on consolidated results from this company split is expected to be minor.
