Resonac Holdings Corporation
Krascas Chemical (Petrochemical business) Partial Spin-off Update Notice
To pursue the partial spin-off, more than 80% of Krascas Chemical shares will be distributed as in-kind dividends to shareholders, with listing on the Tokyo Stock Exchange Standard Market as a new listing. In-kind dividends are planned for October 2026, and after the distribution, Resonac Holdings' stake is expected to be below 20%. The listing method is a direct listing.
Key Figures
- Distribute over 80% of Krascas Chemical shares as in-kind dividends
- In-kind dividend execution timing: Board resolution in late August 2026, in-kind dividend execution on October 1, 2026
- Krascas Chemical stake is expected to be below 20%
AI要約
Overview of the business restructuring
This spin-off plans to distribute over 80% of Krascas Chemical as in-kind dividends to shareholders, on the premise of listing Krascas Chemical. The new listing will be via direct listing, with a listing application in late April 2026, board resolution in late August 2026, and in-kind dividend execution scheduled for October 2026.
Shareholders / Accounting / Tax
The timetable for in-kind dividends includes record date on September 28, 2026, ex-dividend date on September 29, 2026, in-kind dividend fixed date on September 30, 2026, and effective date on October 1, 2026. Tax treatment is expected to be non-taxable in Japan, and acquisition cost will be calculated using the distribution asset ratio. IFRS will apply accounting treatments such as discontinuation of business and the grouping of disposed segments.
Resonac Holdings Limited
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