Mitsui Chemicals, Inc.
Notice Regarding Execution of Share Transfer Agreement for JSR Co., Ltd., Registration of Issuance Relating to the Company’s Common Shares, and Review of the Scope of Consideration for the Spin-off of the Basic & Green Materials Business as Part of a Major Transformation of the Business Portfolio
To strengthen a two-pronged management strategy aimed at expanding revenue scale, a resolution was approved to acquire JSR shares jointly with a JCIC-related fund and DBJ. After acquisition, JSR will be positioned as the core of the company's ICT domain; by reviewing the spin-off scope and optimizing capital policy, the company targets incremental annual profit of 40 billion yen by fiscal 2035.
Key Figures
- Acquisition price: 18,400 hundred million yen
- Number of common shares acquired: 102,242,573 shares
- Maximum issuance amount: 1,500 hundred million yen
AI要約
Overview
This transaction involves a resolution to acquire JSR shares for cash through a joint investment by a fund managed and operated by JIC Capital and DBJ. After the acquisition, JSR will be positioned as the core of the company's ICT solutions domain; integrating the resources of both companies aims to strengthen competitiveness and achieve medium- to long-term growth.
Future Outlook and Financial Plan
Completion of the transaction is targeted for the second half of fiscal 2027. After completion, the company will consider capital-type financing to restore financial soundness. By combining issuance of common shares up to 150 billion yen and mezzanine financing, the company aims to reduce financial risk and ultimately target incremental annual profit of approximately 40 billion yen. A review of the scope of the spin-off will also proceed concurrently.
Mitsui Chemicals, Inc.
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