Decision and Details
Absorption-type company split of the domestic polyolefins business
The parties agreed on the number of shares constituting the consideration for the company split after comprehensively considering the earnings performance and future outlook of the business subject to the split and the successor company, and engaging in extensive, sincere discussions. In addition, in light of various circumstances, including the successor company's financial condition, they determined that it was appropriate not to increase its stated capital or capital reserves.
| Item | Details |
|---|---|
| Matter Covered | Absorption-type company split of the domestic polyolefins business |
| Decision Date | 1 April 2026 (date the absorption-type company split agreement was executed) |
| Implementation Date | 1 July 2026 (scheduled effective date) |
| Quantity / scale | 50,000 common shares of the successor company; shares of 日本エボリュー株式会社 (a 25% interest held by the splitting company) |
| Reason | The parties agreed on the number of shares constituting the consideration for the company split after comprehensively considering the earnings performance and future outlook of the business subject to the split and the successor company, and engaging in extensive, sincere discussions. In addition, in light of various circumstances, including the successor company's financial condition, they determined that it was appropriate not to increase its stated capital or capital reserves. |
| Governing Rule | Companies Act, Article 782, Paragraph 1; Article 783, Paragraph 1; Article 784, Paragraph 2; and Article 794, Paragraph 1; Ordinance for Enforcement of the Companies Act, Articles 183 and 192 |
| Future plans | The successor company will obtain approval by resolution of its shareholders' meeting by the day before the effective date. The company split is scheduled to become effective on 1 July 2026. The effective date may be changed by agreement between the parties as preparations progress. |
Items this document does not state (5)
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.The companies state that they determined the consideration for the company split after comprehensively considering the earnings performance and future outlook of the business subject to the split and the successor company, and holding discussions between the two companies. They also state that, in light of the successor company's financial condition and other factors, they determined that it was appropriate not to increase its stated capital or capital reserves.