Teijin sells aramid paper joint venture stakes to DuPont

Teijin Limited has resolved to transfer its shares in DuPont Teijin Advanced Papers (Japan) Limited (DTPJ) and DuPont Teijin Advanced Papers (Asia) Limited (DTPA) to DuPont de Nemours, Inc. This divestiture follows DuPont's intention to exit its aramid operations and aligns with Teijin's strategy to reallocate management resources toward future growth areas, enhancing its competitiveness and maximizing corporate value. The share transfer is expected to be executed by February 2026, pending necessary permits.

DTPJ, established in August 1994 with a capital of JPY 1bn, manufactures, processes, and sells synthetic paper containing aramid materials. Teijin will transfer all 10,000 shares (50% voting rights). DTPA, also established in August 1994 with HK$ 8m in capital, imports and sells synthetic paper to the Asia-Pacific region. Teijin will transfer all 4,000 shares (50% voting rights) in DTPA.

For the fiscal year ended December 2024, DTPJ reported net sales of JPY 15,630m and net income of JPY 2,327m. DTPA reported net sales of HK$ 950m and net income of HK$ 419m for the same period. Teijin has not disclosed the transfer price due to confidentiality. The company is currently assessing the impact on its consolidated earnings forecast for the fiscal year ending March 2026.