Mitsubishi Chemical Corporation (MCC; Head office: Chiyoda-ku, Tokyo; President: Masayuki Waga) has acquired all the shares of Nakai Industrial Co., Ltd., (Nakai Industrial; Head office: Kamigyo-ku, Kyoto; CEO & Representative Director: Nobuhiko Fukunaga), a film coating manufacturer, and converted the company into a consolidated subsidiary. On May 21, 2021, MCC has acquired all the shares in Nakai Industrial via a buyout fund to which J-STAR Co., Ltd. (J-STAR: Head office: Chiyoda-ku, Tokyo; President: Gregory Hara) provides investment-related services.

Nakai Industrial is a comprehensive coating manufacturer that has built up a track record by leveraging the dry and wet film coating technologies, and composite technologies, which are a combination of the aforementioned technologies, cultivated during its long history. Nakai Industrial deploys businesses that serve a wide range of markets, from transfer foils to industrial-use specialty foils. The company has expertise in providing accurate solutions that address the diverse demands it receives from customers, and has earned high praise for its high value-added products which are developed with customers.

MCC currently manufactures and sells polyester films at five sites globally (Japan, China, Indonesia, the US and Germany). In addition, MCC is also deploying a polyester film processing (coating) business mainly for optical applications, including smartphones and displays. In recent years, the performance required of films is becoming more sophisticated. MCC decided that it could build a system that can quickly respond to the sophisticated demands of a wide range of customers through synergies with the technology, knowhow, human resources, and processing facilities possessed by Nakai Industrial. Accordingly, MCC made the decision to acquire all the shares of Nakai Industrial.

MCC is implementing a growth strategy, including adding a new line in Indonesia, for the purpose of addressing brisk demand for its high performance polyester films, which are mainly used in optical applications and telecommunication devices. MCC will be able to accelerate its undertakings by expanding its processing technologies through this recent acquisition of shares in Nakai Industrial. As a leading company in polyester film, MCC aims to continue to aggressively develop this business going forward.

[Overview of Nakai Industrial]

1.Company name: Nakai Industrial Co., Ltd., 

2.Head office: Kamigyo-ku, Kyoto

3.Establishment: 1916

4.Representative: Nobuhiko Fukunaga, CEO & Representative Director

5.Number of employees: About 240 (as of May 1, 2021) *consolidated basis

6.Business: Vacuum deposition, film coating