On March 9, 2026, Denka Company Limited decided to acquire 15,000 shares (15.0%) of Toyo Styrene Co., Ltd. held by Daicel Corporation, raising its ownership ratio from 50.0% to 65.0% and making it a consolidated 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Limited","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/4061-20260309-01.pdf","jir_short_summary":"On March 9, 2026, Denka Company Limited decided to acquire 15,000 shares (15.0%) of Toyo Styrene Co., Ltd. held by Daicel Corporation, raising its ownership ratio from 50.0% to 65.0% and making it a consolidated subsidiary.","jir_summary":"### Overview of M&A\nDenka Company Limited resolved to acquire 15,000 shares (15.0%) of Toyo Styrene Co., Ltd. held by Daicel Corporation, increasing its ownership ratio from 50.0% to 65.0%. Consequently, Toyo Styrene will change from an equity-method affiliate to a consolidated subsidiary. Toyo Styrene was established in 1998 as a joint investment company of the polystyrene business by Denka, Nippon Steel Chemical & Material, and Daicel. The move aims to accelerate business restructuring in response to declining domestic and international demand and intensifying competition.\n\n### Future Outlook and Impact\nThe share transfer is subject to obtaining approvals under antitrust laws and other regulations, with the planned execution date of March 31, 2026. Going forward, Denka aims to expedite management decisions and promote business restructuring at Toyo Styrene while strengthening competitiveness by incorporating technology and recycling technologies within the Denka Group. The impact on consolidated financial results and financial position is currently being examined and will be promptly disclosed as necessary.","jir_financial_highlights":"Number of shares acquired: 15,000 shares (Ownership ratio increased from 15.0% to 65.0%)\nAcquisition price: Undisclosed (Negotiated and agreed at a reasonable price)\nToyo Styrene sales (Fiscal year ending March 2025): 48,394 million yen (Undisclosed)","jir_category":"","jir_hashtags":"#DenkaCompanyLimited, #M&A, #Subsidiarization, #JapaneseStocks","jir_key_figures":"Number of shares acquired: 15,000 shares (15.0%)\nNumber of shares owned after change: 65,000 shares (65.0%)\nToyo Styrene sales (Fiscal year ending March 2025): 48,394 million yen","jir_meta_title":"Denka Company Limited Decides to Acquire 15,000 Shares of Toyo Styrene and Make It a Consolidated Subsidiary","jir_meta_description":"On March 9, 2026, Denka Company Limited announced the acquisition of 15,000 shares of Toyo Styrene Co., Ltd. from Daicel Corporation, raising its ownership ratio to 65.0% and making it a consolidated subsidiary. The move aims to restructure the business and enhance competitiveness.","jir_og_title":"Denka Decides to Acquire Toyo Styrene Shares and Make It a Consolidated Subsidiary","jir_og_description":"Denka Company Limited is accelerating business reorganization and environmental initiatives by acquiring 15,000 shares of Toyo Styrene from Daicel and promoting its subsidiarization.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8858,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-33816","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n