# Denka to acquire additional 15% of Toyo Styrene, making it subsidiary

Denka Company Limited has decided to acquire 15,000 shares (15.0%) of Toyo Styrene Co., Ltd. from Daicel Corporation, increasing its ownership from 50.0% to 65.0% and making Toyo Styrene a consolidated subsidiary.

- Type: Acquisition
- Announced: 2026-03-09
- Where: Japan
- Status: announced
- Products: polystyrene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Daicel Corp.](https://endata.com/companies/23091.md) (partner)
- [Denka](https://endata.com/companies/46318.md) (acquirer)
- [Toyo Styrene Co., Ltd.](https://endata.com/companies/90761.md) (target)

## Sources

- [japanir.jp](https://japanir.jp/en/company/company-4061/ir/4061-20260309-01_wp_m_and_a_alliance/), 2026-03-09: "Denka Company Limited resolved to acquire 15,000 shares (15.0%) of Toyo Styrene Co., Ltd. held by Daicel Corporation, increasing its ownership ratio from 50.0% to 65.0%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.