Withdrawal from the SPET business
Shirai Electronics Industrial Co.,Ltd. (the company)
SPET business (Super Polyethylene Terephthalate): a business manufacturing and selling highly transparent, heat-resistant flexible substrates
Because sales volumes have fallen substantially below expectations, resulting in chronic and continuing losses, and there is no prospect of improved profitability going forward.
The impact on the consolidated results of the group going forward is minor
Company response
Orders to be stopped (end of December 2026); manufacturing to be ended (end of March 2027)
The company plans to stop accepting orders at the end of December 2026 and end manufacturing at the end of March 2027, completing the withdrawal. It will proceed in good faith with arrangements for the 3 affected employees, including internal transfers. The impact on consolidated results is minor.
| Item | Details |
|---|---|
| Event name | Withdrawal from the SPET business |
| Date of occurrence | 19 October 2026 (the date the Board of Directors resolved to withdraw) |
| Subject Entity | Shirai Electronics Industrial Co.,Ltd. (the company) |
| Target Locations / Products | SPET business (Super Polyethylene Terephthalate): a business manufacturing and selling highly transparent, heat-resistant flexible substrates |
| Cause | Because sales volumes have fallen substantially below expectations, resulting in chronic and continuing losses, and there is no prospect of improved profitability going forward. |
| Impact on Earnings Forecast | The impact on the consolidated results of the group going forward is minor |
| Suspended operations | Orders to be stopped (end of December 2026); manufacturing to be ended (end of March 2027) |
| Outlook | The company plans to stop accepting orders at the end of December 2026 and end manufacturing at the end of March 2027, completing the withdrawal. It will proceed in good faith with arrangements for the 3 affected employees, including internal transfers. The impact on consolidated results is minor. |
Items this document does not state (17)
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.Sales volumes have fallen substantially below expectations, resulting in chronic and continuing losses, and there is no prospect of improved profitability going forward.