Source disclosure: February 19, 2026
HARIMA CHEMICALS GROUP,INC. [4410.T]
TOKYO, Feb 19 (Pulse News Wire) – Harima Chemicals Group,inc. (4410.T) announced today that it has signed a contract to sell its shares in Swedish subsidiary SunPine AB to fellow shareholder Varopreem AB.
Harima initially invested in SunPine in 2012 to secure stable supplies of tall oil pitch in Europe. However, due to declining long-term demand trends and existing long-term contracts for tall oil pitch procurement, the sale is expected to have no significant impact on Harima's operations.
The transaction's effect on fiscal 2025 performance is nil; analysis for fiscal 2026 is ongoing. Proceeds from the share sale will fund growth area equipment investments and improve financial health through debt reduction.
Any further developments will be promptly disclosed.
AI-translated content. 🟢 Confidence: High See terms • Original filing