Notice regarding stock transfer of a consolidated subsidiary
Toyobo Co., Ltd. has decided to transfer its entire shareholding in Toyobo Automotive Textiles (Changshu) Co., Ltd., its wholly owned subsidiary, to the Osaka-based Teijin Frontier Co., Ltd. (hereinafter, the "Stock Transfer") during a board of directors meeting held on November 25, 2025. The contract for the Stock Transfer was signed the following day, on November 26. The outline of the Stock Transfer is as follows.
1. Reasons for the Stock Transfer
| Toyobo Automotive Textiles (Changshu) Co., Ltd. was established in Changshu, Jiangsu Province, China, in April 2011 with the aim of expanding its airbag fabric business within the Chinese market. Currently, Toyobo is reorganizing its operations by integrating its airbag business into Thailand to strengthen its market presence. Given these circumstances, Teijin Frontier, which plans to expand its business operations in China, was deemed the most suitable target for the Stock Transfer. Consequently, Toyobo has decided to transfer its entire shareholding in Toyobo Automotive Textiles (Changshu) Co., Ltd. to Teijin Frontier. At present, Toyobo has established an integrated production system for airbag yarn and fabrics in Thailand through Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF)* and Toyobo Saha Safety Weave Co., Ltd. (TSSW). Toyobo will continue to supply airbag-related products from its production base in Thailand to markets across Asia and beyond, aiming to meet the diverse needs of its clients globally. |
2. Outline of the company subject to the Stock Transfer
| 1. Name | Toyobo Automotive Textiles (Changshu) Co., Ltd. |
| 2. Location | 3# Jingshun Industrial Square, No.9 Maqiao Road, Riverside Industrial Park, Changshu Economic and Technological Development Zone, Jiangsu, China |
| 3. Title and name of the representative | President and Managing Director Tatsuo Konishi |
| 4. Business operations | Manufacturing and sales of airbag fabrics |
| 5. Amount of capital already paid in | USD5,600,000 |
| 6. Established | April 28, 2011 |
3. Outline of the Stock Transfer recipient
| 1. Name | Teijin Frontier Co., Ltd |
| 2. Location | 2-4, Nakanoshima 3-chome, Kita-ku, Osaka, Osaka Prefecture |
| 3. Title, name of the representative | President and CEO Yasunari Hirata |
| 4. Business operations | Manufacturing, processing, sales and import/export of yarns, textile materials and clothing products, automotive materials, interior materials, industrial materials and living articles, etc. |
| 5. Capital | 2,000 million yen |
| 6. Established | October 1, 2012 (Initial foundation in 1869) |
4. Schedule for the Stock Transfer
| 1. Date of the board of directors’ decision | November 25, 2025 |
| 2. Date of the contract signing | November 26, 2025 |
| 3. Due date of the Stock Transfer | February 2, 2026 (Scheduled) |
5. Impact on business performance
| The stock transfer is expected to have a minimal impact on Toyobo's standalone and consolidated business performance. |
| * | Refer to Toyobo’s press release dated October 12 , 2022 https://www.toyobo-global.com/news/2022/release_499.html |
(End)
For more information, contact
Public Relations Group, Corporate Communication Department, Toyobo Co., Ltd.
MAILpr_g@toyobo.jp
Cautionary Statement
This website contains forward-looking statements that reflect Toyobo's plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyobo's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.