Portfolio shift through withdrawal from the superabsorbent polymer business and manufacturing operations in China
First written in FY2024. 3 of 6 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-05-13.
1 other company's latest entry also says "Cited as achieved".
- FY2026-H1RestatedAnnual report
「In response to these changes, the company is working to strengthen the earnings power of its core businesses by implementing the business portfolio reform set out in the New Medium-Term Management Plan 2025, which aims to shift to high-value-added businesses.」
Following withdrawal from the superabsorbent resin business and other operations, the company continues to shift its portfolio to high-value-added businesses and strengthen the earnings power of its core businesses under the New Medium-Term Management Plan 2025. - FY2025AdvancedAnnual report
「During the consolidated fiscal year under review, in accordance with that decision, the company completed the transfer of its equity interest in Sanda雅精細化学品（南通）有限公司 and made steady progress with its business portfolio reform aimed at shifting to high-value-added businesses, including completely withdrawing from the superabsorbent resin business.」
Withdrawal from the superabsorbent resin business and the transfer of the equity interest in the Chinese subsidiary have been completed, and the portfolio is being shifted from low-profitability, commodity businesses to high-value-added businesses. - FY2025-H1AdvancedAnnual report
「Under these circumstances, net sales for the interim consolidated accounting period amounted to ¥77.03 billion, down 2.8% year on year, due in part to the impact of withdrawal from the superabsorbent resin business and other operations.」
The company states that withdrawal from the superabsorbent resin business and other operations actually affected first-half net sales, while the resulting improvement in profitability contributed to an increase in operating income. It also states that an equity transfer agreement was concluded for the Chinese subsidiary, moving the structural reform into the execution phase. - FY2024First statedAnnual report
「Under these circumstances, our group decided to withdraw from the superabsorbent resin business, whose profitability had declined as a result of commoditization. For the Chinese subsidiaries involved in this business, we decided to consider transferring all equity interests, while for subsidiaries in other regions, we decided to begin dissolution procedures. Similarly, we decided to withdraw from the production business for surfactants and other products in China, which was a low-profitability business, and have also begun dissolution procedures for the related Chinese subsidiaries.」
The company decided to withdraw from the superabsorbent resin business and the Chinese production business for surfactants and other products, and moved to consideration of transferring interests in subsidiaries and dissolution procedures. This is the first time the company has presented this separately as a structural reform to shift management resources from low-profitability businesses to high-profitability product groups and new businesses.