Worth reading
36Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
1200
USD 10,000Wording
Conditional
How definitive the wording is.This transaction
Establishment of a Specified SubsidiaryDisclosing companyJSP Corporation
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of expanded polypropylene beads
Location Quanzhou, Fujian Province, ChinaShare capital USD 120 millionDate of incorporation December 2026 (scheduled)
Impact on Business Performance
The impact of this matter on consolidated results for the current fiscal year will be immaterial.
Procedures and assumptions
Management structure after acquisitionThe representative is Chairman Shiotani Akira (塩谷 暁). The Company has dispatched officers to the company.
| Item | Details |
|---|---|
| Transaction name | Establishment of a Specified Subsidiary |
| Name of the Subject Company | JSP Advanced Materials (Quanzhou) Co.,LTD. |
| Business Description of the Subject Company | Manufacture and sale of expanded polypropylene beads |
| Location of the Subject Company | Quanzhou, Fujian Province, China |
| Capital Stock of the Subject Company | USD 120 million |
| Date of Establishment of the Subject Company | December 2026 (scheduled) |
| Voting rights ownership percentage | After 100％ (before not disclosed) |
| Impact on Business Performance | The impact of this matter on consolidated results for the current fiscal year will be immaterial. |
| Date of board resolution | 9 November 2026 |
| Execution Date / Effective Date | Equity contribution date: December 2026 to January 2027 (planned); business commencement date: December 2026 (planned) |
| Management structure after acquisition | The representative is Chairman Shiotani Akira (塩谷 暁). The Company has dispatched officers to the company. |
Items this document does not state (21)
Counterparty nameNet 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 acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation 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.To further expand the China business and strengthen its operating foundation.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.