{"id":4798,"date":"2026-05-11T19:47:00","date_gmt":"2026-05-11T10:47:00","guid":{"rendered":"https:\/\/ctiweb.co.jp\/con\/en\/?p=4798"},"modified":"2026-05-12T19:47:53","modified_gmt":"2026-05-12T10:47:53","slug":"zeon-signs-agreement-to-sell-its-shares-in-tohpe-and-transfer-tohpes-paints-business-to-natoco","status":"publish","type":"post","link":"https:\/\/ctiweb.co.jp\/con\/en\/zeon-signs-agreement-to-sell-its-shares-in-tohpe-and-transfer-tohpes-paints-business-to-natoco","title":{"rendered":"Zeon signs agreement to sell its shares in Tohpe and transfer Tohpe\u2019s paints business to NATOCO"},"content":{"rendered":"\n<p><strong><a href=\"https:\/\/www.zeon.co.jp\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zeon Corporation<\/a><\/strong> (Zeon; head office: Chiyoda-ku, Tokyo; President and CEO: Tetsuya Toyoshima) has reached an agreement with <strong><a href=\"https:\/\/www.natoco.co.jp\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">NATOCO Co., Ltd.<\/a><\/strong> (NATOCO; head office: Miyoshi City, Aichi Prefecture; President and Representative Director: Taichi Kasuya) to sell its shares in Group company Tohpe Corporation (Tohpe) as part of the transfer of Tohpe\u2019s paints business to NATOCO. The share transfer agreement was signed on May 11, 2026. Prior to the share transfer, Zeon will transfer Tohpe\u2019s acrylic rubber business to a wholly owned subsidiary (successor company) that will be established by Zeon through an absorption-type company split. Details are as follows, and Zeon will disclose further information on the successor company as it becomes available following its establishment.<\/p>\n\n\n\n<p>Zeon made Tohpe a subsidiary in 2013 to enhance corporate value by leveraging the technological capabilities it developed through its long history as a paints manufacturer and by developing businesses that integrate its acrylic rubber with Zeon\u2019s elastomer operations. While Tohpe has operated as a member of the Zeon Group, it has faced challenges in its paints and coatings business in its efforts to create higher value-added products and achieve differentiation to maintain and enhance competitiveness.<\/p>\n\n\n\n<p>Zeon is promoting portfolio restructuring through strategic \u201cselection and concentration\u201d under its Medium-Term Business Plan: STAGE30. It has been carefully evaluating the positioning of the paints business to align with Group strategy, synergies, and optimal ownership. Based on this assessment, Zeon concluded that the best way to achieve sustainable growth for the business and maximize value for partners and stakeholders is to pursue expansion under NATOCO, a paints manufacturer with strong technological capabilities, a proven track record, and a broad customer base. Accordingly, Zeon decided to transfer Tohpe\u2019s paints business to NATOCO.<\/p>\n\n\n\n<p>The acrylic rubber business operated by Tohpe alongside its paints business has demonstrated strong synergy as part of Zeon\u2019s elastomer business. Therefore, Zeon will make it a wholly owned subsidiary through this split and further strengthen its operational coordination with other businesses to enhance the corporate value of the entire Group.<br><br>By promoting portfolio restructuring through \u201cselection and concentration\u201d as outlined in the Medium-Term Business Plan: STAGE30, Zeon will endeavor to improve capital efficiency while contributing to a \u201cSustainable Earth\u201d and a \u201cSafe and Comfortable Life for People\u201d through the provision of original technologies, products, and services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zeon Corporation (Zeon; head office: Chiyoda-ku, Tokyo; President and CEO: Tetsuya Toyoshima) has reached an agreement with NATOCO Co., Ltd. <\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[42,4,9],"tags":[10],"_links":{"self":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/4798"}],"collection":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/comments?post=4798"}],"version-history":[{"count":1,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/4798\/revisions"}],"predecessor-version":[{"id":4799,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/4798\/revisions\/4799"}],"wp:attachment":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/media?parent=4798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/categories?post=4798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/tags?post=4798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}