Following notice that major petrochemical company クラサスケミカル (646A) had carried out a spin-off listing, the share price fluctuated during trading hours. The closing price was ¥240, and the stock was briefly at its daily price limit.
クラサスケミカル operates a petrochemical complex in Oita City and is said to have Japan's second-largest production capacity for ethylene, a basic chemical. It has strengths in high-performance products for applications including automotive parts and food packaging. According to Nikkei information, the company is reportedly considering and pursuing a spin-off listing as part of this latest move. Attention is therefore expected to focus on future market trends and developments among related companies. If further reports emerge, the date of any formal disclosure is expected to be a key focus.
Trading data for the stock market shows a current price of ¥240 (as of 15:30), an opening price of ¥218, a high of ¥298 and an unavailable low. Trading volume has reached approximately 27.45 million shares, while some share-price indicators show market capitalisation on the scale of several hundred billion yen. Shareholder benefits are displayed as “none”, and no specific dividend figures are provided in the text.