Decision and Details
An absorption-type company split under which part of the rights and obligations held in connection with the sales business operated by the Sustainable Materials SBU of the Circular Economy Division will be transferred.
To transfer part of the sales business operated by Toyota Tsusho Corporation to Toyotsu Chemiplas Corporation; because Toyota Tsusho Corporation holds all of Toyotsu Chemiplas Corporation’s issued shares, it was determined to be appropriate not to pay consideration.
The impact of this absorption-type company split on financial performance is Not disclosed. The disclosure states that both companies are expected to be able to perform their obligations after the effective date.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type company split under which part of the rights and obligations held in connection with the sales business operated by the Sustainable Materials SBU of the Circular Economy Division will be transferred. |
| Decision Date | 17 March 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 July 2026 (scheduled effective date) |
| Amount | Consideration: none; Toyota Tsusho Corporation’s assets: ¥3,159,658 million and liabilities: ¥1,884,080 million (as of 31 March 2025); Toyotsu Chemiplas Corporation’s assets: ¥95,388 million and liabilities: ¥65,861 million (as of 31 March 2025) |
| Quantity / scale | Toyota Tsusho Corporation holds 12,597 shares of Toyotsu Chemiplas Corporation, representing a 100% ownership interest. |
| Impact on Business Performance | The impact of this absorption-type company split on financial performance is Not disclosed. The disclosure states that both companies are expected to be able to perform their obligations after the effective date. |
| Reason | To transfer part of the sales business operated by Toyota Tsusho Corporation to Toyotsu Chemiplas Corporation; because Toyota Tsusho Corporation holds all of Toyotsu Chemiplas Corporation’s issued shares, it was determined to be appropriate not to pay consideration. |
| Governing Rule | Article 782, Paragraph 1 of the Companies Act; Article 183 of the Ordinance for Enforcement of the Companies Act |
| Future plans | The absorption-type company split is scheduled to take effect on 1 July 2026. |
Items this document does not state (3)
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.As Toyotsu Chemiplas Corporation is the parent company that holds 100% of Toyota Tsusho Corporation’s issued shares, it was determined to be appropriate not to pay consideration. It is also expected that neither company will have difficulty performing its obligations after the effective date.