Expansion of the Materials Business through the Acquisition of JSR’s Elastomer Business
First written in FY2021. 3 of 5 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023.
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- FY2023AdvancedAnnual report
「From April 2022, 株式会社ＥＮＥＯＳマテリアル (hereinafter, "ENS"), which succeeded to JSR Corporation's elastomer business, commenced operations.」
After commencing operations, ENEOSマテリアル advanced to the stage of creating integrated synergies by combining petroleum resins, the mutual supply of raw materials, and R&D technologies. - FY2023-Q3AdvancedAnnual report
「In the first-quarter consolidated accounting period, purchase price allocation had not been completed and provisional accounting treatment was applied, but it was finalized in the second-quarter consolidated accounting period. In connection with the revision of the provisional amounts, the initial allocation of the purchase consideration was reviewed. The impact of this review was immaterial.」
Regarding the acquisition of JSR's elastomer business, the provisional accounting treatment for purchase price allocation was finalized in the second quarter, advancing the process of finalizing the acquisition accounting. - FY2023-Q1AdvancedAnnual report
「ENEOS株式会社 (hereinafter, "ENEOS") completed the acquisition of JSR Corporation's elastomer business in April 2022, after which 株式会社ＥＮＥＯＳマテリアル, the successor company that received the elastomer business and the shares of its subsidiaries and associates, commenced operations.」
Following completion of the acquisition of all shares on 1 April 2022, ENEOSマテリアル, the successor company, commenced operations in connection with JSR's elastomer business. - FY2022AchievedAnnual report
「On 1 April 2022, the Company completed the acquisition of all shares of 株式会社ＥＮＥＯＳマテリアル, a newly established company that had succeeded to the business and the shares of subsidiaries and associates related to the business.」
Regarding the agreement to acquire JSR's elastomer business, the Company completed the acquisition of all shares of the new company ENEOSマテリアル on 1 April 2022. - FY2021First statedAnnual report
「In May 2021, the Company entered into an agreement with JSR Corporation to acquire its elastomer business, which mainly manufactures and sells synthetic rubber, with the aim of acquiring and expanding technology-based businesses that form the core of the materials business.」
An agreement was concluded to acquire JSR's elastomer business, with the aim of expanding the materials business's technology and R&D functions and its automotive-related business.