Denka Company Limited will spin off its general-purpose resin-related business and establish a new company in April 2027 to provide contract sales services. It plans to consider capital alliances with other companies, the establishment of joint-investment companies and an initial public offering.
Denka Company Limited announced that it would spin off its general-purpose resin-related business, which is used in products such as food packaging containers. It plans to establish a new company and begin operations as a contract sales company in April 2027, and will consider capital alliances with other companies, the establishment of joint-investment companies and an initial public offering.
The new company will be named ノードケミカル. It will begin handling contract sales operations in 2027 and is scheduled to take over the manufacturing and sales divisions of domestic and Singapore subsidiaries in 2028.
Denka Company Limited has positioned its semiconductor materials business as a growth strategy. As it reorganizes underperforming businesses, it views the spin-off as part of efforts to establish a more flexible framework for collaboration.
For the fiscal year ending March 2027, consolidated operating income is expected to rise 41% from the previous fiscal year to ¥37.0 billion, following an upward revision to the previous forecast. Revenue is expected to increase, while profit growth is expected from lower raw material prices, product price revisions and differences in inventory receipts and payments, assuming the impact of the Middle East situation eases.