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.