Source disclosure: January 22, 2026
Sumitomo Bakelite Company,Limited [4203.T]
TOKYO, Jan 22 (Kyodo) -- Sumitomo Bakelite Co., Ltd., represented by President Shinichi Chojiya and listed on the Tokyo Stock Exchange Prime Market under code number 4203, announced today that it has decided to acquire all shares of a newly established company to absorb certain segments of Kyocera Corporation's chemical business through a spin-off process. The move is aimed at enhancing its presence in the ICT sector and accelerating the development of high-value-added products.
The decision was made during a board meeting held on January 22, 2026. Sumitomo Bakelite aims to strategically transform its portfolio and expand its operations based on its mid-term management plan from 2024 to 2026. By acquiring the new company's stock, Sumitomo Bakelite will take over Kyocera's semiconductor encapsulation epoxy resin molding materials, semiconductor bonding pastes, and industrial resins businesses. This acquisition is expected to strengthen Sumitomo Bakelite’s technological capabilities and increase its market share in growing AI data center applications.
Sumitomo Bakelite has cultivated broad technical expertise in addressing customer needs across various product lines such as semiconductor encapsulation epoxy resin molding materials and semiconductor bonding pastes. Integrating these strengths with the unique technologies of the new company will further enhance their competitive edge in expanding markets. This strategic move aligns with Sumitomo Bakelite's vision to become a company that provides dreams for the future and contributes positively to society.
Regarding the new company, which is yet to be named, it plans to operate out of Kawasaki City, Kanagawa Prefecture, with an initial capital of one yen. It is scheduled to be established in July 2026. The new entity will be wholly owned by Sumitomo Bakelite after the acquisition, which is anticipated to occur in October 2026 following the completion of legal procedures related to competition law.
In terms of financials, the new company's inherited business had reported consolidated sales of 23.223 billion yen for the fiscal year ending March 2025. As of March 31, 2025, the total assets amounted to 14.121 billion yen, including 5.601 billion yen in current assets and 8.520 billion yen in non-current assets. Liabilities stood at 236 million yen, comprising 235 million yen in current liabilities and 1 million yen in non-current liabilities.
Kyocera Corporation, headquartered in Kyoto, operates core components, electronic parts, and solution businesses among others. With a paid-in capital of 115.703 billion yen, Kyocera was founded on April 1, 1959. Its latest balance sheet shows net assets worth 2.435.960 billion yen and total assets amounting to 3.272.155 billion yen as of March 31, 2025. Major shareholders include Japan Trustee Services Bank, Mitsubishi UFJ Trust and Banking Corp., and other institutional investors holding significant stakes.
The transaction is set to conclude in October 2026, contingent upon regulatory approvals and procedural progress concerning antitrust regulations. Sumitomo Bakelite anticipates minimal impact on its consolidated performance for the fiscal year ending March 2026. Further updates will be disclosed promptly if any material developments arise.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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