What is the value and structure of the deal for Toray and Mitsui & Co. to divest their stake in Soda Aromatic to Samyang?

The deal has an enterprise value of ¥41 billion ($257.2 million), under which Toray (holding 66% of Soda Aromatic) and Mitsui & Co. (holding 34%) will transfer all their shares to Samyang Corp. Japan, Inc., a subsidiary of Seoul-based Samyang Corp.; the final transfer price will be adjusted at closing for Soda Aromatic’s net interest-bearing debt, working capital, and other customary items.

Why are Toray and Mitsui & Co. selling their stakes in Soda Aromatic, and what financial impact does Toray expect from the transaction?

Toray stated the divestment is part of its ongoing business portfolio restructuring; it expects to record an after-tax gain of approximately ¥8 billion from the transaction in the fiscal year ending March 2027, and this gain has already been incorporated into its full-year consolidated earnings forecast announced in May.

Toray and Mitsui & Co. to divest Soda Aromatic stake to Samyang in $257M deal

May 29, 2026

Toray and Mitsui will sell their stakes in flavor manufacturer Soda Aromatic to Samyang for $257 million. The deal closes in H1 FY2027 as part of Toray's portfolio restructuring.

chemweek

Toray, Mitsui to divest Soda Aromatic stake to Samyang in $257M deal

chemweek

2026-05-29

Toray and Mitsui & Co. to divest Soda Aromatic stake to Samyang in $257M deal

Toray and Mitsui & Co. to divest Soda Aromatic stake to Samyang in $257M deal

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