Mitsubishi Chemical will transfer its synthetic and acrylic emulsion businesses to Konishi to streamline operations and strengthen long-term strategic focus.
Mitsubishi Chemical Corporation has announced a strategic move to divest part of its business portfolio, specifically its synthetic resin emulsion operations, as part of its broader transformation efforts. The company has entered into a stock transfer agreement with Konishi Co., Ltd., a well-established player headquartered in Osaka, to transfer ownership of the synthetic resin emulsion business currently operated by its wholly owned subsidiary, Japan Coating Resin Corp. In addition to this, Mitsubishi Chemical will also transfer its own acrylic emulsion business as part of the same transaction. The agreement was formally concluded on February 17, 2026, with the completion of the transfer scheduled for December 1, 2026.
Japan Coating Resin Corp. has a long-standing presence in the market, having been established in 1959. Over the decades, the company has built a strong reputation for its expertise in the development, manufacturing, and commercialization of synthetic resin emulsions. Its product portfolio is diverse and serves a wide range of industries. These include adhesives, coatings and paints, textiles, paper processing, civil engineering, and construction applications. Furthermore, its materials are also used in cosmetics, everyday consumer goods, and advanced materials designed for high-tech industries. JCR’s ability to provide customized and proprietary solutions has earned it consistent recognition and trust among its customer base, which is primarily concentrated in Japan.
The decision to divest these businesses aligns with Mitsubishi Chemical’s ongoing efforts to restructure and optimize its portfolio under its Medium-Term Management Plan 2029. This strategic roadmap focuses on enhancing long-term sustainability, improving operational efficiency, and strengthening the company’s competitive positioning in a rapidly evolving global chemical industry. As part of this initiative, Mitsubishi Chemical is reassessing which business segments best align with its future growth priorities and which might benefit from being managed under different ownership.
In evaluating the future of both the synthetic resin emulsion business and the acrylic emulsion operations, the company determined that transferring these assets to Konishi would be the most effective way to unlock their full potential. Konishi, known for its expertise in adhesives and related materials, is considered well-positioned to further develop and expand these businesses. By integrating these operations into its own portfolio, Konishi is expected to leverage synergies, enhance innovation capabilities, and drive additional growth opportunities.
Ultimately, this divestment reflects Mitsubishi Chemical’s commitment to disciplined portfolio management and strategic focus. By placing these businesses under an owner better suited to maximize their value, the company aims to ensure their continued success while concentrating its own resources on core areas that align with its long-term vision for sustainable growth and competitiveness.
