Samyang Corporation Japan, Inc. entered into share purchase agreement to acquire Soda Aromatic Co., Ltd. from Toray Industries, Inc. and Mitsui & Co., Ltd. for ¥41.0 billion.
Samyang Corporation Japan, Inc. entered into share purchase agreement to acquire Soda Aromatic Co., Ltd. from Toray Industries, Inc. (TSE:3402) and Mitsui & Co., Ltd. (TSE:8031) for ¥41.0 billion on May 29, 2026. A cash consideration of ¥41 billion will be paid by Samyang Corporation Japan, Inc. As part of consideration, ¥41 billion is paid towards common equity of Soda Aromatic Co., Ltd.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is Within the first half of the fiscal year ending March 2027.
Mitsui & Co Ltd is a Japan-based general trading company. The Company operates through seven segments. The Mineral & Metal Resources segment is engaged in resource development, manufacture, sales, and trading of steel and non-ferrous metal raw materials. The Energy Segment trades oil and gas, coal, and related products, and operates an electric power business. The Machinery & Infrastructure segment manufactures, sells, and trades machinery and equipment, as well as leases, finances, and operates infrastructure businesses. The Chemicals segment manufactures, sells, and trades chemicals and housing materials. The Iron & Steel Products segment manufactures, sells, and trades steel products. The Living Essentials segment manufactures, sells, and trades food and consumer goods, and conducts wellness-related businesses. The Next-Generation & Functional Businesses segment engages in the information and telecommunications business, logistics business, insurance business and media business.
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Samyang Corporation Japan, Inc. entered into share purchase agreement to acquire Soda Aromatic Co., Ltd. from Toray Industries, Inc. and Mitsui & Co., Ltd. for ¥41.0 billion.