August 29, 2025Management
Transfer of Shares in AGC Coat-Tech Co., Ltd.
AGC (AGC Inc.; Headquarters: Tokyo; President: Yoshinori Hirai) hereby announces that it has decided to transfer its shares in AGC Coat-Tech Co., Ltd. (Headquarters: Tokyo; President: Mitsuru Morita; hereinafter referred to as “ACT”), a consolidated subsidiary in which AGC holds a 90% stake, to Dai Nippon Toryo Co., Ltd. (Headquarters: Osaka; President: Takayuki Sato, a 10% shareholder of ACT), a joint venture partner of ACT. The transfer is scheduled to be completed in late December, 2025.
After careful consideration of how to further the growth and development of ACT, AGC has concluded that transferring ACT to DNT is the optimal decision, given that DNT has an established business relationship with ACT, holds a 10% stake in the company and has extensive experience in coatings business.
The impact of this transaction on AGC Group’s consolidated financial results will be minimal.
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Company Overview of AGC Coat-Tech Co., Ltd.
Headquarters: 5th Floor, Comfort Yasuda Building, 2-9 Kanda Nishiki-cho, Chiyoda-ku, Tokyo, Japan
President: Mitsuru Morita
Established: 1963
Capital: 300 million JPY
Business Profile: Manufacturing and sales of fluoropolymer coatings and fluoropolymer coating materials
Shareholders: AGC Inc. 90%, Dai Nippon Paint Co., Ltd. 10%
Company Overview of Dai Nippon Toryo Co., Ltd.
Headquarters: SR Building Nagahori, 1-18-11, Minamisemba, Chuo-ku, Osaka, Japan
President: Takayuki Sato
Established: 1929
Capital: 8.83 billion JPY
Business Profile: Manufacturing and sales of coatings and jet ink, sales of coating equipment and devices, coating construction, etc.
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