Tayca corporation to absorb subsidiary TFT corporation

Tayca Corporation, led by representative director Shunji Idei, announced that its board of directors resolved to absorb its wholly owned subsidiary, TFT Corporation, effective April 1, 2026. The merger, structured as a simplified and short-form absorption-type merger, will see Tayca Corporation as the surviving entity and TFT Corporation dissolved. This strategic move aims to integrate overlapping administrative divisions, optimize management resources, and improve overall operational efficiency within the Tayca Group.

The merger will not involve the issuance of new shares or payment of cash, as TFT Corporation is a wholly owned subsidiary of Tayca Corporation. The financial impact on Tayca Corporation's consolidated business results is expected to be minor.

TFT Corporation, established in 1997, specializes in the sale of electronic materials, including piezoelectric materials and components. Tayca Corporation, established in 1919, is a diverse chemical company involved in manufacturing and selling titanium dioxide, surfactants, and other chemical products. The merger combines TFT Corporation's electronic material expertise with Tayca's broader chemical operations to achieve greater synergies.