Daicel to absorb Polyplastics businesses in strategic split

Daicel Corporation announced on October 16, 2025, a plan to absorb the businesses of its wholly-owned subsidiary, Polyplastics Co., Ltd., through an absorption-type company split. This strategic move, part of Daicel's "Accelerate 2025" medium-term strategy, aims to integrate Polyplastics' core strengths, including technical service and solution know-how, and leverage human resources for group-wide growth. The formal decision on the Absorption-type Company Split Agreement is scheduled for January 15, 2026, with an effective date of April 1, 2026.

Polyplastics, which became a wholly-owned subsidiary in 2020, recorded 114,227 million yen in net sales for the fiscal year ended March 2025 and achieved record-high consolidated profits in the previous fiscal year. Under the split, Daicel will succeed assets with a book value of 93,950 million yen and liabilities of 93,950 million yen from Polyplastics' target business.

The Absorption-type Company Split is expected to have a minor impact on Daicel's consolidated business results. Both companies anticipate satisfying the requirements for simplified company splits, thus foregoing shareholder meeting approvals.