Resolution and contract for the simplified share exchange that makes the three target consolidated subsidiaries (Ihara Kensetsu, Kumika Logistics, Nippon Insatsu) wholly owned subsidiaries of the Kumuai Chemical Group. The share exchange ratio adopts a variable share exchange ratio method, with the number of shares to be issued determined based on the value of the parent as of the reference date. Public approval is at the subsidiaries’ general meetings of shareholders, with effective date planned for November 1, 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"4996","jir_company_name":"Kumuai Kagaku Kogyo Kabushiki Kaisha","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-11","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/4996-20260911-04.pdf","jir_short_summary":"Resolution and contract for the simplified share exchange that makes the three target consolidated subsidiaries (Ihara Kensetsu, Kumika Logistics, Nippon Insatsu) wholly owned subsidiaries of the Kumuai Chemical Group. The share exchange ratio adopts a variable share exchange ratio method, with the number of shares to be issued determined based on the value of the parent as of the reference date. Public approval is at the subsidiaries' general meetings of shareholders, with effective date planned for November 1, 2026.","jir_summary":"### Section Heading\nThe purpose of this share exchange is to accelerate, streamline, and make group operations more flexible, promoting stable group management. The three target companies are Ihara Kensetsu Kogyo, Kumika Logistics, and Nippon Insatsu, with Kumuai Chemical as the complete parent company of the share exchange and each of the three becoming a wholly-owned subsidiary of the same. The share exchange method uses a variable share exchange ratio, with the parent issuing shares as consideration.\n\n### Section 2 Heading\nAllocation details involve valuing the three companies' shares by a third-party organization (Akasaka International Accounting), issuing Kumika Chemical shares for each share of the target consolidated subsidiaries. The ratio will be determined using the average share price to mitigate pre- and post-announcement stock price movements. Also described are procedures for rounding, and buyback and sale requests for fractional shares.","jir_financial_highlights":"Value of the target consolidated subsidiaries' shares (DCF method per share): Ihara Kensetsu 1,208 yen\uff5e1,624 yen \/ Kumika Logistics 636 yen\uff5e3,350 yen \/ Nippon Insatsu 257 yen\uff5e300 yen (DCF-based valuation range)\nProportion of treasury shares used for the share distribution: Not disclosed (based on the variable share exchange ratio) (Unknown)\nEffective date: November 1, 2026 (scheduled) (Scheduled)\nMethod for deciding the share exchange ratio: Variable share exchange ratio method (Value confirmed at determination date and divided by the average share price)","jir_category":"","jir_hashtags":"#KumuaiChemicalKogyo, #ShareExchange, #OrganizationalRestructuring, #CapitalPolicy","jir_key_figures":"Per-share share value determination range (Ihara Kensetsu: 1,208 yen\uff5e1,624 yen, Kumika Logistics: 636 yen\uff5e3,350 yen, Nippon Insatsu: 257 yen\uff5e300 yen)\nShare exchange ratio determination method: Variable share exchange ratio method\nEffective date: November 1, 2026 (scheduled)","jir_meta_title":"Kumuai Chemical Industry Announces Three-Company Complete Subsidiarization via Simplified Share Exchange | 2026","jir_meta_description":"Kumuai Chemical Industry completes three subsidiary acquisitions (Ihara Kensetsu Kogyo, Kumika Logistics, Nippon Insatsu) through a simplified share exchange. Adopts a variable share exchange ratio method; effective date planned for November 1, 2026. Details including share value determination ranges disclosed.","jir_og_title":"Kumuai Chemical Industry Advances to Complete Subsidiarization of Three Companies via Simplified Share Exchange | Sep 2026","jir_og_description":"Kumuai Chemical Industry approves a simplified share exchange to fully own three subsidiaries. Ratio is variable share exchange; effective date planned for November 1, 2026. See PDF for details.","jir_og_image_url":"\/assets\/og\/company-corporate_restructuring.jpg","jir_chart_data_collection":"[]","ir_related_company":16678,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-112624","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n