Worth reading
56In focus
Scored from 2 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
2.1
RMB 100 million (approximately ¥5 billion)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Establishment of subsidiaryDisclosing companyNissan Chemical 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.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of anti-reflective coatings for photoresists (BARC) and multilayer materials
Location People's Republic of China, Jiangsu Province, Zhangjiagang CityShare capital RMB 210 million (approximately ¥5 billion)Date of incorporation 1 September 2026
Consideration and expenses
Type of ConsiderationCash (scheduled remittance of the first capital contribution of RMB 89 million, approximately ¥2.1 billion)
Funding arrangementsScheduled remittance of the first capital contribution of RMB 89 million (approximately ¥2.1 billion)
Impact on Business Performance
We believe the impact of this matter on results for the fiscal year ending March 2027 will be minor. If we determine that timely disclosure is necessary, we will disclose the information promptly.
Procedures and assumptions
Management structure after acquisitionThe representative is Nakada Takakazu (中田 孝和). Change of corporate name and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Establishment of subsidiary |
| Name of the Subject Company | Nissan Chemical Materials (Zhangjiagang) Co., Ltd. |
| Business Description of the Subject Company | Manufacture and sale of anti-reflective coatings for photoresists (BARC) and multilayer materials |
| Location of the Subject Company | People's Republic of China, Jiangsu Province, Zhangjiagang City |
| Capital Stock of the Subject Company | RMB 210 million (approximately ¥5 billion) |
| Date of Establishment of the Subject Company | 1 September 2026 |
| Type of Consideration | Cash (scheduled remittance of the first capital contribution of RMB 89 million, approximately ¥2.1 billion) |
| Voting rights ownership percentage | After 100％ (before not disclosed) |
| Funding arrangements | Scheduled remittance of the first capital contribution of RMB 89 million (approximately ¥2.1 billion) |
| Impact on Business Performance | We believe the impact of this matter on results for the fiscal year ending March 2027 will be minor. If we determine that timely disclosure is necessary, we will disclose the information promptly. |
| Date of board resolution | 28 April 2026 |
| Execution Date / Effective Date | 1 September 2026 (date of registration). Scheduled remittance of the first capital contribution on 15 October 2026 |
| Management structure after acquisition | The representative is Nakada Takakazu (中田 孝和). Change of corporate name and treatment of employees: Not disclosed |
Items this document does not state (19)
Counterparty nameNet 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 acquiredGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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 aim is to strengthen the supply framework for China's growing semiconductor market, ensure stable supply from a location close to customers, respond quickly to fluctuations in demand, and improve customer service.
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.