Worth reading
74In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This integration / this absorption mergerCounterpartyASAHI KASEI CORPORATION, 旭化成アドバンス株式会社
Disclosing companyTEIJIN LIMITED
TimelineThe spacing between the points is proportional to the actual number of days.
Impact on Business Performance
The impact has already been reflected in the full-year consolidated earnings forecast for the fiscal year ending March 2027, and there will be no change to the full-year earnings forecast.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of procedures to obtain regulatory approvals and other permissions, satisfaction of the conditions precedent to this integration stipulated in the final agreement, and approval at an extraordinary general meeting of shareholders
Management structure after acquisitionThe surviving company's name will be TA Frontier Co., Ltd., its location will be 3-2-4 Nakanoshima, Kita-ku, Osaka, Osaka Prefecture, its stated capital will be ¥2 billion, and its ownership ratio will be 80% for 帝人 and 20% for ASAHI KASEI CORPORATION. The representative has not yet been determined. Its business will comprise the manufacture, processing, sale and import/export of raw yarn and staple fiber, including polyester, textiles, apparel products, automotive materials, chemicals, interior and construction materials, industrial materials and consumer products.
| Item | Details |
|---|---|
| Transaction name | This integration / this absorption merger |
| Counterparty name | ASAHI KASEI CORPORATION, 旭化成アドバンス株式会社 |
| Name of the Subject Company | 旭化成アドバンス株式会社 |
| Voting rights ownership percentage | Expected to become a jointly invested company owned 80% by 帝人 and 20% by ASAHI KASEI CORPORATION |
| Impact on Business Performance | The impact has already been reflected in the full-year consolidated earnings forecast for the fiscal year ending March 2027, and there will be no change to the full-year earnings forecast. |
| Date of board resolution | 1 December 2025 |
| Contract Date | Absorption merger agreement: 30 July 2026 (final agreement: 1 December 2025) |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Conditions Precedent to Execution | Completion of procedures to obtain regulatory approvals and other permissions, satisfaction of the conditions precedent to this integration stipulated in the final agreement, and approval at an extraordinary general meeting of shareholders |
| Management structure after acquisition | The surviving company's name will be TA Frontier Co., Ltd., its location will be 3-2-4 Nakanoshima, Kita-ku, Osaka, Osaka Prefecture, its stated capital will be ¥2 billion, and its ownership ratio will be 80% for 帝人 and 20% for ASAHI KASEI CORPORATION. The representative has not yet been determined. Its business will comprise the manufacture, processing, sale and import/export of raw yarn and staple fiber, including polyester, textiles, apparel products, automotive materials, chemicals, interior and construction materials, industrial materials and consumer products. |
Items this document does not state (22)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To establish the resulting company as a corporate group with stronger competitiveness and a stronger foundation for growth, and to pursue profit growth through a customer-focused business and the creation of sustainable value.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.