Dai Nippon Toryo to acquire remaining 49.90% of Shinto Paint

Dai Nippon Toryo signed a Share Exchange Agreement on November 6, 2026, to acquire the remaining 49.90% of Shinto Paint it does not already own, making it a wholly owned subsidiary. The deal value was not disclosed, and the transaction is expected to close on February 25, 2027.

“Dai Nippon Toryo signed a Share Exchange Agreement on November 6, 2026, to acquire the remaining 49.90% of Shinto Paint it does not already own.”dealroom.co

• 1 source
• dealroom.coJapan's Dai Nippon Toryo to buy out Shinto Paint after five rejected bids | Dealroom NewsNov 6, 2026

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