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M&A and Subsidiary Changes5381Mipox CorporationConstruction and Materials

Notice Regarding the Acquisition of Shares in Sanko Chemical Industry Co., Ltd. (Making It a Subsidiary)

The board of directors resolved that Mipox Corporation will acquire shares in 三光化学工業株式会社 and make it a subsidiary. The agreement is scheduled to be signed in mid-June 2026, and the share transfer is scheduled to be completed in late June. The current Representative Director of 三光化学工業株式会社, Tokoro Shinzo (所 信三), will retain a certain number of shares and continue to participate in management.

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This transaction

Acquisition of shares (making the company a subsidiary)
CounterpartyTokoro Shinzo (所 信三), Other individual shareholders
Disclosing companyMipox Corporation
Sanko Chemical Industry Co., Ltd.Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Manufacture and sale of functional materials and sheets using electrostatic flocking and specialty coating technologies, including precision polishing and optical components, as well as manufacture and sale of interior materials, including wallpaper

Location Ono, Ibi District, Gifu PrefectureShare capital ¥35 millionDate of incorporation June 1952
Impact on Business Performance

The impact on consolidated results for the current fiscal year is currently under review. If a revision to the earnings forecast becomes necessary, it will be announced promptly.

Procedures and assumptions
Management structure after acquisitionTo maintain relationships with major customers and ensure a smooth business succession, Tokoro Shinzo (所 信三) will continue to hold a certain number of shares and participate in management. The company name and treatment of employees: Not disclosed
This transaction
ItemDetails
Transaction nameAcquisition of shares (making the company a subsidiary)
Counterparty nameTokoro Shinzo (所 信三), Other individual shareholders
Name of the Subject CompanySanko Chemical Industry Co., Ltd.
Business Description of the Subject CompanyManufacture and sale of functional materials and sheets using electrostatic flocking and specialty coating technologies, including precision polishing and optical components, as well as manufacture and sale of interior materials, including wallpaper
Location of the Subject CompanyOno, Ibi District, Gifu Prefecture
Capital Stock of the Subject Company¥35 million
Date of Establishment of the Subject CompanyJune 1952
Impact on Business PerformanceThe impact on consolidated results for the current fiscal year is currently under review. If a revision to the earnings forecast becomes necessary, it will be announced promptly.
Date of board resolution25 May 2026
Contract DateMid-June 2026 (scheduled)
Execution Date / Effective DateLate June 2026 (planned)
Management structure after acquisitionTo maintain relationships with major customers and ensure a smooth business succession, Tokoro Shinzo (所 信三) will continue to hold a certain number of shares and participate in management. The company name and treatment of employees: Not disclosed
Items this document does not state (20)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

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.

The acquisition is intended to leverage 三光化学工業株式会社's electrostatic flocking technology and flocked films as a stable supply base for key materials serving markets related to optical fibers, where demand is expected to grow with the spread of generative AI, among other factors. Mipox Corporation aims to expand its medium- to long-term earnings base and enhance corporate value by establishing and expanding an integrated structure covering raw-material procurement through manufacturing and by increasing production capacity.

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Notice Regarding the Acquisition of Shares in Sanko Chemical Industry Co., Ltd. (Making It a Subsidiary) | Mipox Corporation (5381) timely disclosure | Komori