Expanding the Business Platform and Technology through Joint Ventures, Alliances and Acquisitions
First written in FY2016. 11 of 18 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2022: 1 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「During the consolidated fiscal year, the company sold its entire interest in LTHS, a jointly controlled entity in the Functional Chemicals business, to joint venture partner LG Chem, Ltd. (hereinafter, “LG Chem”).」
The company progressed from the previously planned sale of part of its interest in LTHS to completion of the sale of its entire 50% interest to LG Chem. In addition, it sold its entire interest in Nippon Vinyline. - FY2026-H1AdvancedAnnual report
「During the current interim consolidated accounting period, the company amended the joint venture agreement concerning the operation of Toray-DuPont Co., Ltd. as follows. The effective date of the amendment is 3 October 2025.」
The joint venture agreement concerning the operation of Toray-DuPont was amended, with the amendment taking effect on 3 October 2025. - FY2026-H1AdvancedAnnual report
「During the current interim consolidated accounting period, the company received notice from joint venture partner Freudenberg SE that it had exercised its call option under the joint venture agreement concerning the company's investment in Nippon Vinyline Co., Ltd. (hereinafter, “JVC”), an associate of the Textile business.」
Following notice of the exercise of the call option by the joint venture partner, the likelihood increased that the company's entire 25% interest in JVC would be sold within 1 year, and the interest was classified as held for sale. - FY2026-H1ReframedAnnual report
「On 1 October 2025, the company and LG Chem entered into an agreement concerning the sale of the company's interest in LG Toray Hungary Battery Separator Kft. (hereinafter, “LTHS”), a 50:50 joint venture that manufactures and sells battery separator film.」
For LTHS, the policy was changed from the previously planned sale of part of the company's interest to an agreement to sell the entire 50% interest to LG Chem. - FY2025-H1SoftenedAnnual report
「On 1 July 2024, the company and LG Chem partially amended the joint venture agreement, changing the earliest date on which procedures for the transfer could begin to 30 June 2025. As the interest is still scheduled to be sold within 1 year, its classification as held for sale has been continued as of the end of the current interim consolidated accounting period.」
Regarding the transfer to change LTHS's ownership ratio to 30:70, the earliest date on which procedures could begin was changed to 30 June 2025. The planned transfer and classification as held for sale have been continued. - FY2024-Q3AdvancedAnnual report
「The joint venture agreement with LG Chem provides that, after 2.5 years have elapsed from the establishment of LTHS on 16 June 2022, 20% of the company's 50% interest will be transferred to LG Chem for consideration, changing the ownership ratio between the company and LG Chem to 30:70. Accordingly, the interest scheduled for sale has been classified as held for sale.」
Under the agreement for the Hungarian battery separator business with LG Chem, the interest scheduled for sale was classified as held for sale based on the provision that the ownership ratio would change to 30:70 after 2.5 years from establishment. - FY2022AchievedAnnual report
「The investment was subsequently completed, and a joint venture agreement for the operation of LTHS was entered into on 16 June 2022.」
LG Chem's investment of $375 million and the formation of a 50:50 joint venture for the Hungarian battery separator business were completed on 16 June 2022. - FY2022-Q3AdvancedAnnual report
「As this increased the likelihood of losing control of THU, its assets and liabilities have been classified as held for sale from the third quarter of the current consolidated fiscal year.」
In preparation for the establishment of a 50:50 joint venture with LG Chem, the assets and liabilities of THU, the Hungarian battery separator film company, were classified as held for sale. The accounting transition toward the planned establishment of the joint venture is progressing. - FY2022-Q2AdvancedAnnual report
「In the Functional Chemicals business, the company agreed with LG Chem, Ltd. on 27 October 2021 to establish a 50:50 joint venture, with THU as the surviving company, through a capital investment of $375 million by LG Chem in Toray Industries Hungary Kft., the company's wholly owned Hungarian subsidiary engaged in the manufacture and sale of battery separator film.」
The company entered into an agreement under which LG Chem will invest $375 million and the Hungarian battery separator film business will be transferred to a 50:50 joint venture. The agreement also covers expansion of local film-production facilities, the introduction of coating facilities, and a future change in the ownership ratio to 30:70. - FY2021AdvancedAnnual report
「The company entered into a supply agreement with German company Lilium (リリウム) for carbon-fiber composite materials used in the UAM “Lilium Jet” (Lilium Jet), which Lilium is developing.」
This describes a specific expansion of the business base through an alliance and contract, namely a supply agreement for carbon-fiber composite materials for UAM applications. - FY2019RestatedAnnual report
「The acquisition is expected to generate significant synergies by applying the company's broad carbon-fiber and polymer technologies to the product portfolio in which TCAC specializes. By integrating the distribution channels of the two companies, the company will also be able to offer customers a broader product lineup.」
The policy of expanding the business through the acquisition of 100% of TenCate Advanced Composites and the integration of carbon-fiber and polymer technologies and distribution channels has been confirmed. - FY2019-Q3AdvancedAnnual report
「Provisional accounting had been applied in the second quarter of the consolidated fiscal year for the business combination with TenCate Advanced Composites Holding B.V. completed on 17 July 2018, but the accounting was finalized in the third quarter of the consolidated fiscal year. Goodwill after the revision was ¥65.783 billion.」
The purchase price allocation for the acquisition of TenCate Advanced Composites Holding B.V. was finalized, and the provisionally recognized goodwill was revised from ¥116.137 billion to ¥65.783 billion. Post-acquisition accounting has progressed to the finalization stage. - FY2019-Q2AdvancedAnnual report
「The company acquired all shares of TenCate Advanced Composites Holding B.V. on 17 July 2018. The acquisition is expected to generate significant synergies by applying the company's broad carbon-fiber and polymer technologies to the product portfolio in which TCAC specializes. By integrating the distribution channels of the two companies, the company will also be able to offer customers a broader product lineup.」
The acquisition of all TCAC shares was reflected in the scope of consolidation, with an acquisition cost of ¥117.117 billion and provisional goodwill of ¥116.137 billion recognized. This gives concrete form to business expansion through the integration of carbon-fiber and polymer technologies and distribution channels. - FY2019-Q1AdvancedAnnual report
「The company entered into a share transfer agreement with its parent company, Koninklijke Ten Cate B.V., dated 8 July 2018 to acquire all shares of TenCate Advanced Composites Holding B.V. (hereinafter, “TCAC”), and completed the acquisition on 17 July 2018.」
The acquisition of all shares of TCAC, a prepreg manufacturer for carbon-fiber composites, was completed on 17 July 2018, giving concrete form to the expansion of the product portfolio, distribution channels and industrial applications through M&A. - FY2018AdvancedAnnual report
「The company agreed with its parent company, Koninklijke Ten Cate B.V., dated 14 March 2018, to acquire all shares of TenCate Advanced Composites Holding B.V.」
The agreement to acquire all shares of TenCate Advanced Composites Holding B.V., a prepreg manufacturer for carbon-fiber composites, gives concrete form to the expansion of the product portfolio, distribution channels and industrial applications through M&A. - FY2018-Q1AdvancedAnnual report
「The company entered into a share purchase agreement to acquire shares in Pacific Textiles Holdings Ltd. dated 30 June 2017 and completed the acquisition on 19 July 2017. Through this investment in PTHL, the Group aims to further strengthen the cooperative relationship between the two companies and expand its knitwear business, while strongly advancing the development of its global vertically integrated business.」
The investment in Pacific Textiles Holdings Ltd. was completed on 19 July 2017, giving concrete form to the expansion of the knitwear business and global business base through the alliance and investment. - FY2017RestatedAnnual report
「When synergies are expected by leveraging the Group's strengths, it will continue to pursue M&A and alliances flexibly to accelerate and complement the growth of its existing businesses.」
The company indicates that it will continue to use M&A and alliances flexibly as means of complementing the growth of its existing businesses. - FY2016First statedAnnual report
「The acquisition of SolviCore GmbH & Co. KG, a company engaged in the development, manufacture and sale of components for fuel cells and water electrolysis equipment, will enable the Group to generate synergies with its own products and technologies and expand its business in fuel cells and related fields.」
This describes specific examples of expanding the fuel-cell and related businesses through synergies with the acquired company.