- Mitsubishi Chemical transfers synthetic resin emulsion business to Konishi.
- Transfer agreement effective February 17, 2026.
- Transfer completion scheduled for December 1, 2026.
- JCR's net sales approximately 12.2 billion yen in fiscal year ended March 2025.
Agreement Details
Mitsubishi Chemical Corporation has entered into a stock transfer agreement with Konishi Co., Ltd. to transfer its synthetic resin emulsion business, including the acrylic emulsion segment. The agreement became effective on February 17, 2026.
Business Overview
Japan Coating Resin Corporation (JCR), a wholly owned subsidiary of Mitsubishi Chemical, has been involved in the development, manufacture, and sales of synthetic resin emulsions since 1959. The business caters to various applications such as adhesives, paint, textiles, and more.
Financials and Operations
JCR reported net sales of approximately 12.2 billion yen for the fiscal year ending March 2025. The company employs 294 people as of March 31, 2025, and is fully owned by Mitsubishi Chemical.
Transfer Timeline
The transfer of the synthetic resin emulsion business to Konishi is scheduled for completion on December 1, 2026. This move aligns with Mitsubishi Chemical's Medium-Term Management Plan 2029, aiming for sustainable growth and enhanced competitive edge.
