Following Showa Denko’s large-scale acquisition of Hitachi Chemical, Resonac Holdings is strengthening its financial foundation from a position burdened with approximately ¥1 trillion in debt and defining the roles of its CFO organization and FP&A as it seeks to transform its business portfolio.
Showa Denko’s acquisition of Hitachi Chemical was reportedly worth approximately ¥1 trillion, and the acquisition gave rise to Resonac Holdings, which subsequently became burdened with substantial debt.
Established in January 2023, the company has adopted a policy of improving its financial soundness while reorganizing its business portfolio.
This article focuses on the roles of the CFO organization and FP&A and reports on efforts to strengthen the financial foundation and transform the portfolio.