Expansion into the Functional Materials Field Through Collaboration with ツルヤ化成工業
First written in FY2023. 4 of 8 entries say "Advanced", first in FY2024. Latest entry: 2026-08-25.
2 other companies' latest entry also says "Dropped".
- 2026-08-25DroppedM&A and Subsidiary ChangesSuggests it is closing out
「After comprehensively considering the certain results achieved by the Group and the need for a review due to changes in the business environment, we have decided to transfer all of the Tsuruya Kasei Kogyo shares held by the Company to that company.」
The Company plans to transfer all shares of Tsuruya Kasei Kogyo and remove it from the scope of equity-method affiliates. This is recorded as an event suggesting the end of the canonical thread concerning the expansion of the functional materials field through collaboration. - FY2026AdvancedAnnual report
「東洋精糖㈱ conducts research, from both personnel and materials perspectives, aimed at developing functional materials such as polyphenols using transglycosylation technologies, including enzymatically modified rutin and enzymatically modified hesperidin. In addition to its own research, it actively promotes joint research with universities and other companies.」
In addition to collaboration with ツルヤ化成工業, the group has incorporated 東洋精糖’s transglycosylation technology and functional materials research into its research, development and commercialization platform. - 2026-05-22AdvancedChanges in Directors and Officers
「We will integrate the Company’s Neo Functional Materials Department with the departments of Toyo Sugar Co., Ltd. related to its functional materials business and newly establish the Functional Materials Division, comprising 4 departments and 1 office.」
Expansion in the functional materials field has progressed to the establishment of a company-wide organization integrating Toyo Sugar’s relevant functional materials departments. - FY2025AdvancedAnnual report
「While further strengthening collaboration with ツキオカフィルム製薬株式会社 and ツルヤ化成工業株式会社, the company will continue developing solutions to address customer needs and explore further potential by combining the sugar-derived functional materials in which it excels with 東洋精糖株式会社’s transglycosylation technology, among other initiatives.」
While continuing its collaboration with ツルヤ化成工業, the company is expanding the scope of collaboration into the joint development and commercialization of functional materials, including combinations with 東洋精糖’s transglycosylation technology. - FY2024AdvancedAnnual report
「The company is also advancing collaboration in research and development with ツルヤ化成工業㈱, which became an equity-method affiliate in May 2023.」
The company is expanding its capital relationship with ツルヤ化成工業, which became an equity-method affiliate, from market-in sales and development to collaboration in research and development as well. - FY2024-Q2RestatedAnnual report
「During the first quarter of the fiscal year, ツルヤ化成工業㈱ became an equity-method affiliate through a share acquisition and subscription for a third-party allotment, with the aim of strengthening market-in sales and development capabilities and expanding the functional materials business.」
The company has reconfirmed, as a change in its business activities, its initiative to make ツルヤ化成工業㈱ an equity-method affiliate, strengthen market-in sales and development capabilities, and expand the functional materials business. - FY2024-Q1RestatedAnnual report
「At a Board of Directors meeting held on 13 April 2023, the company resolved that its consolidated subsidiary, ITOCHU Sugar Co., Ltd., would acquire 20.03% of the total number of issued shares of ツルヤ化成工業㈱ through a share acquisition and subscription for a third-party allotment. ITOCHU Sugar Co., Ltd. completed the share acquisition on 1 May 2023, and ツルヤ化成工業㈱ became an equity-method affiliate.」
The acquisition of 20.03% of ツルヤ化成工業㈱ and its designation as an equity-method affiliate have been reconfirmed in the descriptions of the business and significant contracts. - FY2023First statedAnnual report
「Our group aims to provide a diverse range of functional materials. We believe that collaborating with the company through this share acquisition will strengthen our market-in sales and development capabilities and contribute to expanding the functional materials business.」
The company has set out a new initiative to leverage its 20.03% capital relationship with ツルヤ化成工業 to strengthen its market-in sales and development capabilities and expand the functional materials business.