Yodoko takes 10.70% of Nakayama Steel for ¥4.9bn in own funds
Yodoko paid ¥4.9bn from its own funds for 10.70% of Nakayama Steel Works on October 2, saying the stake supports an alliance to spread high-value electric-furnace steel.
Japan Materials & Chemicals Company News (Page 3)
Earnings, deals and disclosures from Japan's listed materials & chemicals companies, in English.
Nissan Chemical registers a wholly owned Chinese subsidiary to make chip coating materials near customers
Nissan Chemical has registered a wholly owned subsidiary in Zhangjiagang with 210mn yuan of registered capital to make BARC and multilayer semiconductor materials near Chinese customers, with a first remittance of 89mn yuan planned for 15 October.
Nippon Shikizai cuts full-year profit forecast as French units fail to offset weak home orders
Nippon Shikizai cut its full-year consolidated operating profit forecast to ¥261mn from ¥394mn, saying a sharp standalone shortfall from weak domestic orders and unrecovered oil-derived costs outweighs French subsidiaries it expects to beat forecasts.
Harima Chemicals to exit loss-making New Zealand pine chemicals plant
Harima Chemicals Group will stop production at LAWTER (N.Z.) on 30 June 2027 and close the plant in May 2028, expecting a roughly ¥2.8bn special loss after three years of operating losses at the unit.
Sekisui Jushi pays KRW58bn for control of Korean road-safety maker Hi-Q
Sekisui Jushi has taken control of Korea's Hi-Q, and its Vietnamese factory subsidiary, for KRW58bn, expecting only a minor effect on current-year forecasts with earnings contribution starting in the quarter to March 2027.
Nippon Chutetsukan sets January 2027 start for pipe-making venture with Kubota
Nippon Chutetsukan will move its straight ductile iron pipe production into a new company and sell 19.9% to Kubota, with the January 4, 2027 start conditional on a December 17 shareholder vote.
Tokuyama hands domestic cement sales arm to Taiheiyo Cement for ¥37bn
Tokuyama expects a ¥30.5bn special gain and a separate ¥12bn impairment loss from selling its domestic cement sales business, and is still working out whether its full-year forecast changes.
Resonac Hands 81.43% of Crasus Chemical to Its Shareholders, Keeps 18.57% and Loses Parent Status
Resonac's in-kind distribution of Crasus Chemical shares took effect on 1 October, leaving it with 18.57% of the voting rights and ending the parent relationship, while the effect on consolidated results is still under review.
Kanadevia and Nippon Steel Engineering end merger talks, and a new plan is pushed to 2027
Both boards voted on 29 September to cancel their February integration memorandum after failing to agree terms, and Kanadevia now expects to publish its next medium-term plan around spring 2027.
JX Advanced Metals and Tronox plan a $32mn study of a rare-earth refining venture
JX Advanced Metals and Tronox plan to fund half each of a $32mn study, targeted to finish in 2027, on whether a rare-earth refining business of up to about 10,000 tonnes a year is viable in Australia, the US or elsewhere.
Resonac Set to Fall to 18.57% of Crasus Chemical After October 1 Spin-Off
Crasus Chemical is now trading in Tokyo, and Resonac expects its October 1 share distribution to leave it with 18.57%, so the petrochemicals unit drops out of both consolidation and equity-method accounting.
Arisawa wins subsidy of up to ¥2.127bn for Gifu plant
Arisawa Mfg. has a grant decision capping its METI subsidy at ¥2.127bn for a roughly ¥14bn Gifu plant, but the payout depends on a post-completion inspection and comes with a 7.6% average annual pay-rise target.
Ahresty raises its sales forecast to ¥180.8bn but cuts operating profit guidance to ¥300mn
Ahresty raised its full-year sales forecast to ¥180.8bn and cut operating profit to ¥300mn, with net profit undetermined until it finishes reviewing asset values in its Asian and North American die-casting businesses.
Nippon Paper's Lintec share sale set to add ¥84.6bn for parent, ¥37bn for group
Nippon Paper's sale of Lintec Corporation shares is expected to add an estimated ¥84.6bn gain to the parent company's own accounts, but only ¥37bn once consolidated with its group results, alongside a ¥3.6bn deferred-tax reversal.
Achilles to End China Vehicle-Materials Production After Three Loss-Making Years
Achilles Corporation's board has resolved to end production at its wholly owned vehicle-materials plant in Foshan, China, by the end of September, after three years of losses that included a ¥3.26bn impairment, citing the retreat of Japanese automakers from China among its reasons, though it expects only a minor effect on its earnings outlook for the year to March 2027.
Furukawa Electric Books ¥21.7bn Gain as Part of Its UACJ Stake Sale Closes
Furukawa Electric sold part of its UACJ stake for about ¥28.3bn on September 25, booking a ¥21.7bn gain that was already priced into the previous day's revised interim forecast, leaving full-year guidance unchanged.
Kobayashi Pharmaceutical Confirms Take-Private Approach From NSSK and CVC Affiliates
Japan's consumer-health group says affiliates of buyout firms NSSK and CVC Capital Partners have made a non-binding joint proposal to take it private, confirming a claim from media reports the company itself never issued.
Furukawa Electric to Sell Entire UACJ Stake, Pulls Forward ¥22bn Gain
Furukawa Electric plans to sell its entire roughly 7% UACJ stake for about ¥28.6bn, moving the sale and its estimated ¥22bn special gain into the current half from a previously expected later booking, lifting half-year profit guidance 36.5% while sales and operating-profit forecasts stay flat.
Air Water's Governance Overhaul Clears the Vote, but the President Wins Only 86% Support
Air Water shareholders approved a move to an audit-and-supervisory-committee board on September 22, 2026, and the board separately named an independent outside director as chair, but the president and a fellow board nominee were approved with only about 86% support, well below the 96% to 98% every other candidate received.
Japan ties ¥3.9bn semiconductor subsidy to 6.2% annual pay rises at Asahi Yukizai
The Ministry of Economy, Trade and Industry capped its growth-investment subsidy for Asahi Yukizai's ¥11.81bn semiconductor-valve project at ¥3.9bn, conditional on the company lifting employee pay by 6.2% a year from the year the new production equipment begins operating in 2029 through 2032.
FSA Finalizes ¥6mn Surcharge Against I-ne Over 2022 Securities Report
The Financial Services Agency has issued a formal surcharge payment order against I-ne CO.,LTD. over its securities report for the year ended December 2022, with a ¥6mn payment due November 17 that the company has already recorded as a special loss and says will carry no other earnings impact.
Chubu Steel Plate Cuts Profit Guidance as Price Rises Lag Behind Plan
Slow price pass-through on thick steel plate has pushed Chubu Steel Plate to guide for an ¥800mn first-half operating loss and cut full-year operating-profit guidance by 75% to ¥300mn.
Air Water Turns Its Accounting Scandal Into a Company-Wide Portfolio Purge
Air Water is screening every subsidiary in its group on strategic fit, financial performance and governance, and says businesses judged better suited to a different owner will be transferred promptly, with proceeds funding both extra shareholder payouts and ongoing growth investment.
Fire Halts Hot-Rolling Mill at Nakayama Steel's Osaka Plant
A fire that burned power cables serving reheating-furnace equipment at Nakayama Steel Works' Osaka plant has stopped the hot-rolling mill, though no one was hurt and downstream processing continues normally.