Acquisition of LANXESS' Urethane Systems business
First written in FY2025-H1. 4 of 8 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-08-07.
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- 2026-08-07Cited as achievedFinancial results presentation
「ウレタンシステムズ : 2025年4月に事業取得。同事業を営む各社が12月決算で前年同期の連結損益には含まれていなかったが、当第１四半期は寄与。」
LANXESS社から取得したウレタンシステムズ事業の連結損益への寄与が第1四半期実績として示されました。 - FY2026AdvancedAnnual report
「The Urethane Systems business was acquired from Germany’s LANXESS effective 1 April 2025. As the companies operating the business have December year-ends, results for the 9 months from April through December are reflected in income for the current consolidated fiscal year.」
Following the acquisition of LANXESS’s Urethane Systems business, 9 months of results were consolidated, and the business’s contribution to revenue appeared as higher revenue in the high-performance urethane segment. However, PMI costs and other expenses resulted in higher revenue but lower segment profit. - FY2026-H1AdvancedAnnual report
「The Urethane Systems business reported higher revenue following its acquisition from Germany’s LANXESS effective 1 April 2025. As the companies operating the business have December year-ends, their April-June results are reflected in consolidated income from the second quarter. Sales of the business were also solid, particularly in the US market. For the high-performance urethane segment as a whole, the Urethane Systems business contributed to higher revenue. However, weak sales in the high-performance coatings business and costs related to post-acquisition integration (PMI) in the Urethane Systems business resulted in higher revenue but lower profit. Consolidated segment revenue increased by ¥9.673 billion year on year to ¥17.037 billion, while consolidated operating income deteriorated by ¥1.339 billion, resulting in an operating loss of ¥565 million.」
The Urethane Systems business acquired from LANXESS contributed to higher revenue, with sales remaining solid, particularly in the US market. However, PMI costs and weak sales in the high-performance coatings business resulted in higher revenue but lower profit for the high-performance urethane segment. - FY2025AchievedAnnual report
「On 3 October 2024, the Company entered into a share transfer agreement with LANXESS Deutschland GmbH to acquire all shares of the subsidiaries operating LANXESS’s Urethane Systems business, and completed the acquisition on 1 April 2025.」
The acquisition of all shares of LANXESS’s Urethane Systems business was completed on 1 April 2025. The consideration paid was ¥80.748 billion, bringing the expansion into downstream and adjacent areas of the high-performance urethane resin business into the execution phase. - FY2025-H1First statedAnnual report
「At a meeting of the Board of Directors held on 3 October 2024, the Company resolved to acquire all shares of the subsidiaries operating LANXESS Deutschland GmbH’s Urethane Systems business and make them subsidiaries, and entered into a share transfer agreement with LANXESS.」
As part of the expansion of specialty chemicals into downstream and adjacent areas, the Company resolved to acquire all shares of 9 directly owned subsidiaries comprising LANXESS’s Urethane Systems business, or 11 companies including indirectly owned subsidiaries. The indicative purchase price is approximately €460 million (approximately ¥73.6 billion), while projected December 2024 revenue for the business is €265 million and EBITDA is €50 million. Completion of the acquisition was scheduled for the first half of 2025. The objective is to expand downstream from the PCD and PUD businesses in the C1 chemical chain and strengthen the Company’s presence in the high-performance urethane resin market.