Nippon Shokubai made specialty chemicals manufacturer 互応化学工業 a subsidiary as part of efforts to strengthen its electronics business. The acquisition date was 2 November 2026, and the purchase price was reportedly ¥20 billion.
Major chemical company Nippon Shokubai acquired all shares of 互応化学工業, based in Uji, Kyoto Prefecture, and made it a subsidiary to strengthen its electronics business.
互応化学’s strengths include resist materials and insulating protective materials produced using its resin synthesis and formulation technologies, and it has a customer base in the semiconductor and electronic components sectors.
For the fiscal year ended March 2026, 互応化学 reported revenue of ¥6.92 billion, operating profit of ¥846 million and net assets of ¥8.03 billion. In 2022, it was taken private through an MBO and delisted from the TSE Standard Market.
The purchase price was ¥20 billion, and the acquisition date was 2 November 2026. Nippon Shokubai acquired all shares of 互応化学.