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M&A and Subsidiary Changes4043Tokuyama CorporationMaterials and Chemicals

Notice Regarding the Absorption-Type Merger of a Wholly Owned Subsidiary (Simplified Merger)

Tokuyama Corporation will absorb and merge with its wholly owned subsidiary, 株式会社スーパーナノデザイン, which will be dissolved. The effective date is scheduled for 1 February 2027. No new shares will be issued and no merger consideration will be paid.

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This transaction

This absorption merger
Counterparty (target company)株式会社スーパーナノデザイン
Disclosing companyTokuyama Corporation
Subject of this transactionVoting rights ownership percentage Before 100% (after not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Development of synthesis recipes for fine-particle materials and contract synthesis

Location Aoba-ku, Sendai, Miyagi PrefectureShare capital ¥80 million (as of the end of March 2026)Date of incorporation January 2018
Net Sales¥4 million (fiscal year ended March 2026)
Operating profitOperating loss of ¥103 million (fiscal year ended March 2026)
Net income for the current fiscal yearNet loss of ¥120 million (fiscal year ended March 2026)
Net assets¥167 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition priceNot applicable (no new shares will be issued and no merger consideration will be paid in connection with this absorption merger)
Type of ConsiderationNo consideration (no new shares will be issued and no merger consideration will be paid)
Impact on Business Performance

The impact on consolidated results will be immaterial.

Procedures and assumptions
Conditions Precedent to ExecutionShareholder approval is not required. As this is a simplified merger under Article 796, Paragraph 2 of the Companies Act, no shareholders meeting will be held to approve the merger agreement.
Management structure after acquisitionFollowing this absorption merger, there will be no change to the name, address, title or name of the representative, business activities, capital or fiscal year-end of the Company. 株式会社スーパーナノデザイン will be dissolved. Treatment of employees: not disclosed
This transaction
ItemDetails
Transaction nameThis absorption merger
Counterparty name株式会社スーパーナノデザイン
Name of the Subject Company株式会社スーパーナノデザイン
Business Description of the Subject CompanyDevelopment of synthesis recipes for fine-particle materials and contract synthesis
Location of the Subject CompanyAoba-ku, Sendai, Miyagi Prefecture
Capital Stock of the Subject Company¥80 million (as of the end of March 2026)
Date of Establishment of the Subject CompanyJanuary 2018
Net Sales of the Subject Company¥4 million (fiscal year ended March 2026)
Operating Profit of the Subject CompanyOperating loss of ¥103 million (fiscal year ended March 2026)
Net Income of the Subject CompanyNet loss of ¥120 million (fiscal year ended March 2026)
Net Assets of the Subject Company¥167 million (fiscal year ended March 2026)
Acquisition priceNot applicable (no new shares will be issued and no merger consideration will be paid in connection with this absorption merger)
Type of ConsiderationNo consideration (no new shares will be issued and no merger consideration will be paid)
Voting rights ownership percentageBefore 100% (after not disclosed)
Impact on Business PerformanceThe impact on consolidated results will be immaterial.
Date of board resolution23 October 2026
Contract Date23 October 2026 (scheduled)
Execution Date / Effective Date1 February 2027 (scheduled)
Conditions Precedent to ExecutionShareholder approval is not required. As this is a simplified merger under Article 796, Paragraph 2 of the Companies Act, no shareholders meeting will be held to approve the merger agreement.
Management structure after acquisitionFollowing this absorption merger, there will be no change to the name, address, title or name of the representative, business activities, capital or fiscal year-end of the Company. 株式会社スーパーナノデザイン will be dissolved. Treatment of employees: not disclosed
Items this document does not state (12)
Expenses 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)Valuation 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.

To streamline organizational operations.

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Notice Regarding the Absorption-Type Merger of a Wholly Owned Subsidiary (Simplified Merger) | Tokuyama Corporation (4043) timely disclosure | Komori