Last update on Mar 3, 2026
Mitsubishi Chemical Corporation (MCC) announces that it has concluded a stock transfer agreement with Konishi Co., Ltd. (Konishi), effective February 17, 2026, to transfer the synthetic resin emulsion business of Japan Coating Resin Corporation (JCR), which is MCC’s wholly owned subsidiary, and MCC’s acrylic emulsion business.
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Background and purpose
JCR is primarily engaged in the development, manufacture, and sales of synthetic resin emulsions, flexibly providing proprietary products for a wide range of applications such as adhesives, paint, textiles, paper, civil engineering and construction, cosmetics and other daily necessities, and new materials for cutting-edge industries, and has been highly rated by its customers, who are mainly in Japan.
Mitsubishi Chemical Corporation, which has been reforming its business portfolio based on its Medium-Term Management Plan 2029, is seeking to ensure sustainable growth and a stronger competitive edge for JCR’s synthetic resin emulsion business and the Company’s acrylic emulsion business, and therefore decided that the best option would be to operate the businesses under the best owner, which led to the decision to transfer them to Konishi.
Overview of the business to be transferred
JCR’s synthetic resin emulsion business and the Company’s acrylic emulsion business
Profile of JCR
- Company name: Japan Coating Resin Corporation
- Head office: 1-1 Fushimi-machi 4-chome, Chuo-ku, Osaka-shi, Osaka
- Representative: Tomoji Kubo, Representative Director and President
- Established: 1959
- Capital: 101.15 million yen
- Net sales: Approximately 12.2 billion yen (fiscal year ended March 2025)
- Number of employees: 294 (as of March 31, 2025)
- Business description: Development, manufacture, and sales of synthetic resin emulsions and powder synthetic resin emulsions. Manufacture and sales of resin for acrylic coating materials. Contract manufacture of polymerized, compounded, and dispersed resin products
- Shareholder: Mitsubishi Chemical Corporation, 100%
Profile of transferee
- Company name: Konishi Co., Ltd.
- Head office: 1-7-1 Dosho-machi, Chuo-ku, Osaka-shi, Osaka
- Representative: Hirofumi Matsubata, Representative Director and President
- Established: 1925
- Capital: 4,603 million yen
- Consolidated net sales: Approximately 135.9 billion yen (fiscal ended March 2025)
- Number of employees: 1,537 (As of March 31, 2025; consolidated basis)
- Business description: Bond business, chemical products business, Civil engineering & construction business
- https://www.specialchem.com/