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Scored from 3 of 5 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
This spin-offCounterparty (target company)Crasus Chemical Inc.
Disclosing companyResonac Holdings Corporation
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Execution Date / Effective Date1 October 2026 (Thursday), effective date of the dividend in kind / scheduled distribution date
Target company
Petrochemicals business
Consideration and expenses
Type of ConsiderationDistribution of shares through a dividend in kind
Procedures and assumptions
Conditions Precedent to ExecutionObtaining approval from the Tokyo Stock Exchange for the listing of shares of クラサスケミカル株式会社 and the approval not being revoked
Management structure after acquisitionFollowing execution of the spin-off, クラサスケミカル株式会社 is expected to cease to be a consolidated subsidiary of Resonac Holdings Corporation and no longer be subject to the equity method. The company name, representative and treatment of employees have not been disclosed.
| Item | Details |
|---|---|
| Transaction name | This spin-off |
| Counterparty name | Crasus Chemical Inc. |
| Name of the Subject Company | Crasus Chemical Inc. |
| Business Description of the Subject Company | Petrochemicals business |
| Type of Consideration | Distribution of shares through a dividend in kind |
| Voting rights ownership percentage | After Less than 20% (before not disclosed) |
| Execution Date / Effective Date | 1 October 2026 (Thursday), effective date of the dividend in kind / scheduled distribution date |
| Conditions Precedent to Execution | Obtaining approval from the Tokyo Stock Exchange for the listing of shares of クラサスケミカル株式会社 and the approval not being revoked |
| Management structure after acquisition | Following execution of the spin-off, クラサスケミカル株式会社 is expected to cease to be a consolidated subsidiary of Resonac Holdings Corporation and no longer be subject to the equity method. The company name, representative and treatment of employees have not been disclosed. |
Items this document does not state (23)
Location 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 priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract DateValuation 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.Approval by the Tokyo Stock Exchange for the listing of shares of クラサスケミカル株式会社, and the approval not being revoked, were conditions for the spin-off to take effect. Following today's listing, the spin-off will be executed as scheduled. After the transaction, the ownership ratio is expected to fall below 20%, and the company is expected to cease to be a consolidated subsidiary and no longer be subject to the equity method.
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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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.