[Tokuyama] Asset Sale of Cement Business and Establishment of New Subsidiary | July 2026

Overview of Business Transfer and New Subsidiary Establishment

Tokuyama will transfer its domestic cement and solidified materials sales business to Taiheiyo Cement Corporation in the fiscal year ending March 2026, and establish a new company, Tokuyama Cement Co., Ltd. The reorganization involves a spin-off and stock transfer to streamline operations and optimize assets. The new company will be established in Shunan City, Yamaguchi Prefecture, with a capital of 1 million yen. The spin-off will become effective on October 1, 2026, and the company is scheduled to become a wholly owned subsidiary of Tokuyama.

Future Outlook and Impact on Shareholders

Through this business transfer and subsidiary establishment, Tokuyama aims to focus on its core businesses and optimize management resources. The asset liquidity will strengthen its financial position, while exploring new growth opportunities in future business strategies. Shareholders can expect benefits from asset efficiency improvements and increased corporate value.