Resonac sells automotive molded component businesses to Moriroku for JPY 17.2 bn

Resonac Holdings has decided to transfer its automotive molded component businesses in Japan and Thailand to Moriroku Co., Ltd. The transaction involves two absorption-type company splits. First, Resonac Automotive Products (RAP) will transfer its Kansai business to Resonac (REC). Then, REC will transfer its entire automotive molded component business, all shares of RAP, and all shares of Resonac Automotive Products (Thailand) Co., Ltd. (RAPT) to a newly established wholly-owned subsidiary ("New Company").

Following these splits, all shares of the New Company, which will consolidate the target businesses, will be transferred to Moriroku Co., Ltd. The share transfer price is JPY 17.2 billion, subject to adjustments per the share transfer agreement. The effectiveness of the company splits and the share transfer are both scheduled for April 1, 2026.

The decision is based on the assessment that Moriroku, with its high technical capabilities and global production system, is the optimal owner to support the growth of the businesses. The transaction is expected to enable further growth and strengthen the competitiveness of the target businesses.