Taiheiyo Cement Corporation
Announcement on Acquisition of Shares of a New Company Succeeding the Cement Sales Business of Tokuyama Corporation through Company Split (Wholly Owned Subsidiary)
Taiheiyo Cement plans to acquire all shares of a newly established company that succeeds Tokuyama's cement sales business for approximately 37 billion yen and make it a wholly owned subsidiary. The share transfer is scheduled for execution on October 1, 2026.
Key Figures
- Acquisition Price: 37,000 million yen (subject to price adjustment at share transfer execution)
- Share Transfer Execution Date: 2026-10-01 (Scheduled)
- Planned Establishment Date of New Company: 2026-07-01
AI要約
Overview of the M&A
Taiheiyo Cement Corporation has decided to acquire all shares of a newly established company, created by Tokuyama Corporation, which will succeed the cement sales business, thereby making it a wholly owned subsidiary. The acquisition price is approximately 37 billion yen, and the share transfer is scheduled to be executed on October 1, 2026. This transaction is subject to clearance under domestic competition laws and others. The new company is planned to be established in Shunan City, Yamaguchi Prefecture, with main operations focused on the sales of cement and solidifying agents.
Future Outlook and Partnership Details
Through this transaction, Taiheiyo Cement will gain Tokuyama's cement sales customer base, aiming to strengthen profitability and expand business opportunities in the domestic cement sector. After Tokuyama ceases cement manufacturing around fiscal year 2028, Taiheiyo Cement is also planned to take over Tokuyama’s industrial waste management as part of the alliance. The impact on consolidated financial results for the fiscal year ending March 2026 is expected to be minimal.
