- Toray sells its 25% stake in Japan Vilene to Freudenberg for ¥17 billion.
- Freudenberg informed Toray of its call option exercise in June 2025.
- The share sale agreement is expected to be signed on December 15, 2025.
- Toray anticipates a post-tax gain of ¥6 billion from the transaction.
Transaction Overview
Toray Industries, Inc. has agreed to divest its entire 25% stake in Japan Vilene Company, Ltd. to Freudenberg SE for approximately ¥17 billion. Japan Vilene is a joint venture specializing in nonwovens manufacturing and sales.
Timeline and Process
Freudenberg informed Toray in June 2025 of its intention to exercise its call option under the joint venture agreement. The share sale agreement is expected to be signed on December 15, 2025, with the transaction closing in February 2026.
Financial Impact
Toray anticipates a post-tax gain of around ¥6 billion from this transaction. This impact has been included in the company's updated full-year consolidated earnings forecast for the fiscal year ending March 2026.
Continued Collaboration
Despite the divestment, Toray will continue to supply products that meet Japan Vilene's needs in various sectors, including medical, energy, air conditioning, and automotive applications.
