Teijin Frontier Co., Ltd. concluded a basic agreement to acquire Asahi Kasei Advance Corporation from Asahi Kasei Corporation (TSE:3407) on December 1, 2025. The consideration consists of common equity of Teijin Frontier Co., Ltd. to be issued for common equity of Asahi Kasei Advance Corporation. As part of consideration, an undisclosed value is paid towards common equity of Asahi Kasei Advance Corporation.
For the period ending March 31, 2025, Asahi Kasei Advance Corporation reported total revenue of ¥69.83 million, EBIT of ¥2.17 billion and net income of ¥1.13 billion. As of March 31, 2025, Asahi Kasei Advance Corporation reported total assets of ¥56.24 million.
Subject to the obtainment of necessary approvals and permits for the Integration from relevant domestic and overseas authorities such as the Japan Fair Trade Commission, an absorption-type merger, with Teijin Frontier as the surviving company and Asahi Kasei Advance as the absorbed company, will be conducted on October 1, 2026
Asahi Kasei Corp is a Japan-based company mainly engaged in the materials business, housing business and healthcare business. The Company operates through three business segments. The Materials segment provides styrene monomer, acrylonitrile, polyethylene, automotive-related fibers, electronic materials, mixed signal large scale integrated circuits (LSI), hall elements, deep ultraviolet light-emitting diodes (LEDs), pharmaceutical and food additives and others. The Housing segment provides construction contracting, renovation and other housing-related business, as well as lightweight aerated concrete (ALC), insulation materials and others. The Healthcare segment provides medical drugs, hemodialysis and apheresis related equipment, virus removal filters, cardiopulmonary resuscitation-related products and others. The Company also provides plant engineering, environmental engineering, various research and information provision businesses, and personnel dispatch and introduction services.
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