FY2027-H1First statedAnnual report
「On 2 November 2026, the Company acquired all shares of 互応化学工業株式会社 (hereinafter, 互応化学工業) from MCP5 Investment Limited Partnership and other individual shareholders, making it a subsidiary.
Through this acquisition, in the Electronics area, the Company aims to strengthen its comprehensive ability to propose solutions to customer needs by combining the materials and technologies of both companies, particularly to accelerate development for semiconductor applications and create high-value-added products. In the Specialty area, the Company will expand its highly differentiated product portfolio and mutually leverage the domestic and overseas sales channels and customer networks of both companies to accelerate the expansion of its global customer base, the development of new applications and markets, and the creation of new products.」
Following a resolution by the Board of Directors on 9 September 2026 and the conclusion of the share transfer agreement on 16 October 2026, the Company acquired all shares and made 互応化学工業 a subsidiary on 2 November 2026. The acquisition price was ¥20 billion. The Company plans to incorporate 互応化学工業's emulsion, polymerisation and photoresist technologies, as well as its products and customer base in electronic materials, industrial resins and cosmetic materials, and advance the development of semiconductor materials, the creation of high-value-added products, and the development of applications and markets.