Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) announces that it has completed the transfer of its shares in Soda Aromatic Co., Ltd. ("Soda Aromatic", Head Office: Tokyo, President and CEO: Masashi Kato), a company engaged in the production and sales of a wide range of flavors, fragrances, and related products, as originally announced on May 29, 2026.
Under this transaction, Mitsui sold its 34% shareholding in Soda Aromatic to Samyang Corporation Japan, Inc., a subsidiary of Samyang Corporation. The transaction was conducted jointly with Toray Industries, Inc. ("Toray", Head Office: Tokyo, President and CEO: Mitsuo Ohya), which holds a 66% shareholding in Soda Aromatic.
This transaction was executed as part of Mitsui's business portfolio restructuring, aiming to accelerate the shift toward a more scalable and high-growth global market. As a result of this transaction, Mitsui expects to record approximately JPY 6.5 billion in profit of the year (after tax) on a consolidated basis in the second quarter of the fiscal year ending March 31, 2027. This impact has already been incorporated into Mitsui's consolidated earnings forecast for the fiscal year ending March 31, 2027, announced on May 1, 2026.
Under the Medium-term Management Plan 2029, Mitsui has identified an advanced Wellness Ecosystem Creation as one of Mitsui's Key Strategic Initiatives and will continue to strengthen its food science business to respond to the diversification of consumer values and achieve the improvement of quality of life. Mitsui remains committed to helping people lead better quality of life by promoting health and well-being through our contributions to preventive care.
1. Overview of the Transaction
(1) Shares to be transferred
All shares of Soda Aromatic held by Mitsui: 102 shares (34%)
(2) Transaction Value
Enterprise Value 41.0 billion yen (The final transfer price will be determined following adjustments for the Soda Aromatic's net debt, working capital, and other items as of the closing date of the Transaction.)
(3) Signing Date
May 29, 2026
(4) Closing Date
July 1, 2026
Company Profile
Official name
Soda Aromatic Co., Ltd.
Head Office Location
Chuo-ku, Tokyo
Business Activities
Production and sales of all varieties of flavors, fragrances and related products
Representative
Masashi Kato
Capital
1.49 billion yen
Shareholders
Toray: 66%, Mitsui: 34%
Established
1915
Number of employees
509 (consolidated), 345 (individual) As of March 31, 2026