Kansai Paint to Acquire Additional Shares in PKB to Fully Subsidiarize

TOKYO, Jul 29 (Pulse News Wire) – Kansai Paint CO.,LTD. (4613.T) decided to acquire additional shares in its associated company Polisan Kansai Boya Sanayi ve Ticaret A.Ş.

(PKB) through a board resolution held. This move aims to maximize profitability and efficiency within the European segment by improving operational and financial performance. PKB, established on November 4, 1985, will become a wholly-owned subsidiary upon completion of the acquisition. PKB's recent financial highlights show total assets of approximately ¥4,315,987 thousand Turkish lira and net sales of ¥4,315,987 thousand Turkish lira for the fiscal year ending December 2024.

As of the same period, the company reported a lower net profit of 8.32 Turkish lira per share. The acquisition involves purchasing 62,501,572 additional shares from Marmara Holding Anonim Şirketi, bringing Kansai Paint’s total stake to 125,003,144 shares. The transaction is expected to close around October 2026, subject to regulatory approvals and shareholder consent. Looking ahead, Kansai Paint anticipates recognizing a significant gain related to the step-up in value in the consolidated financial statements for the March 2027 fiscal year.

Further details on the amount will be disclosed once finalized.