Strengthening the Flexible Packaging Business through the Management Integration of Sun Tox and Mitsui Chemicals Tohcello
First written in FY2023. 3 of 6 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「We operate our flexible packaging business mainly through our subsidiaries 朋和産業株式会社 and アールエム東セロ株式会社. We will provide high-performance products that meet customer needs using the latest equipment, thereby further strengthening the competitiveness and earnings base of our Group’s flexible packaging business.」
We continued to strengthen the competitiveness and earnings base of our flexible packaging business through an integrated structure that includes アールエム東セロ, high-performance products and the latest equipment. - FY2025RestatedAnnual report
「In April last year, to strengthen the integrated structure of our flexible packaging business, we integrated the packaging solutions businesses of サン・トックス株式会社 and 三井化学東セロ株式会社 and made the resulting company a subsidiary under the new name アールエム東セロ株式会社.」
We continued to strengthen the integrated structure of the flexible packaging business through the integration and acquisition as a subsidiary of サン・トックス and 三井化学東セロ on 1 April 2024. - FY2025-H1AdvancedAnnual report
「During the interim consolidated accounting period, following the absorption-type merger of サン・トックス株式会社 with 三井化学東セロ株式会社 as the surviving company, we acquired shares in 三井化学東セロ株式会社 from Mitsui Chemicals,Inc. so that the voting rights ratio held by us would be 51.0%. As a result, 三井化学東セロ株式会社 (new name: アールエム東セロ株式会社) and its subsidiaries have been included in the scope of consolidation.」
Following the integration of サン・トックス and 三井化学東セロ, アールエム東セロ, in which we hold 51.0% of the voting rights, was consolidated. Revenue from the flexible packaging business increased by ¥89,270 million, and segment assets for the business increased by ¥48,373 million. Gain on bargain purchase of ¥5,448 million was also recognized. - FY2024AchievedAnnual report
「Implemented on 1 April 2024.」
The integration of the packaging solutions businesses of サン・トックス and 三井化学東セロ and the acquisition of アールプラス東セロ株式会社 as a subsidiary were completed on 1 April 2024. The post-acquisition voting rights ratio was 51.0%, and the acquisition cost was ¥10,929 million. - FY2024-Q2RestatedAnnual report
「In June 2023, with the aim of further expanding our flexible packaging business, we decided to integrate the packaging solutions businesses of サン・トックス株式会社 (Taito-ku, Tokyo) and 三井化学東セロ株式会社 (Chiyoda-ku, Tokyo) and make the resulting company a subsidiary, under the new name アールエム東セロ株式会社.」
We reconfirmed the plan to integrate the packaging solutions businesses of サン・トックス and 三井化学東セロ and make the resulting company a subsidiary under the new name アールエム東セロ株式会社. - FY2023First statedAnnual report
「We resolved to enter into an integration agreement covering, among other matters, our acquisition of shares in 三井化学東セロ after the absorption-type merger takes effect, making it our subsidiary (the “Share Acquisition”), together with the absorption-type merger, collectively referred to as the “Business Integration.” We entered into the agreement on the same date.」
The plan newly presented was to integrate サン・トックス and 三井化学東セロ on 1 April 2024 and acquire 51% of the voting rights in the post-integration company. The estimated acquisition price was ¥10,850 million, with the aims of developing environmentally responsive new products, improving profitability and expanding overseas.