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Harima Chemicals Group, Inc. ( (JP:4410) ) has shared an announcement.
Harima Chemicals Group has agreed to sell its shareholding in Swedish company SunPine AB, currently held indirectly through its subsidiary Lawter Europe BV, to existing shareholder Preem, also of Sweden. Harima originally invested in SunPine in 2012 to secure stable European supplies of tall oil rosin, but a prolonged decline in rosin demand has eased supply-demand pressures, and long-term purchase contracts with SunPine mean the divestment is not expected to disrupt its raw material procurement.
The company expects no impact on its consolidated financial results for fiscal 2025, while the effect on fiscal 2026 earnings remains under review and will be disclosed if material. Proceeds from the transaction will be directed toward capital investments in growth areas and debt reduction, signaling a strategic reallocation of assets to strengthen Harima’s balance sheet and support future expansion despite weakness in the rosin market.
The most recent analyst rating on (JP:4410) stock is a Hold with a Yen1043.00 price target. To see the full list of analyst forecasts on Harima Chemicals Group, Inc. stock, see the JP:4410 Stock Forecast page.
More about Harima Chemicals Group, Inc.
Harima Chemicals Group, Inc. is a Japan-based chemical manufacturer listed on the Tokyo Stock Exchange Prime Market, operating globally through subsidiaries such as Lawter Europe BV. The company focuses on specialty chemicals including tall oil rosin and related materials, with a notable market presence in Europe for rosin procurement and industrial applications.
Average Trading Volume: 55,786
Technical Sentiment Signal: Buy
Current Market Cap: Yen25.79B
See more insights into 4410 stock on TipRanks’ Stock Analysis page.