Maeda Kosen Co., Ltd. entered into a share transfer agreement to acquire Mitsui Chemicals Industrial Products. from Mitsui Chemicals, Inc. for ¥5.5 billion.
June 25, 2024
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Maeda Kosen Co., Ltd. (TSE:7821) entered into a share transfer agreement to acquire Mitsui Chemicals Industrial Products. from Mitsui Chemicals, Inc. (TSE:4183) for ¥5.5 billion on June 26, 2024. A cash consideration of ¥5.5 billion will be paid by Maeda Kosen for 311 shares.
For the period ending March 31, 2024, Mitsui Chemicals Industrial Products. reported total revenue of ¥9.01 billion, EBIT of ¥161 million and net income of ¥88 million. As of March 31, 2024, Mitsui Chemicals Industrial Products.
reported total assets of ¥7.25 billion and total common equity of ¥5.58 billion. The execution of the share acquisition is subject to approval by regulatory authorities under the Antimonopoly Act and other closing conditions being satisfied. The expected completion of the transaction is April 1, 2025.
MAEDA KOSEN CO., LTD. is a Japan-based company mainly engaged in the social infrastructure business that mainly engaged in the manufacture and sale of civil engineering materials, building materials, agricultural materials and non-woven fabrics. The Company operates through three business segments. The Social Infrastructure segment is involved in the manufacture and sale of embankment reinforcements, civil engineering sheets, river revetment materials, slope disaster prevention products, drainage materials, polymer cement mortar, among others. The Industry Infrastructure segment is involved in the manufacture, process and sale of wipers for flat display panels and precision equipment, secondary products of narrow woven fabrics such as ribbons and various industrial fibers, as well as circular knitted products for apparel and various industrial materials. The Human Infrastructure segment is involved in the manufacture and sale of light alloy forged wheels for automobiles.
Maeda Kosen Co., Ltd. entered into a share transfer agreement to acquire Mitsui Chemicals Industrial Products. from Mitsui Chemicals, Inc. for ¥5.5 billion.
MAEDA KOSEN CO., LTD. 
