# 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.

- Type: Acquisition
- Announced: 2026-11-06
- Where: Japan
- Status: announced
- Products: coatings, paints
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Dai Nippon Toryo](https://endata.com/companies/94978.md) (acquirer)
- [Shinto Paint](https://endata.com/companies/94979.md) (target)

## Sources

- [dealroom.co](https://dealroom.co/news/170429-japans-dai-nippon-toryo-to-buy-out-shinto-paint-after-five-rejected-bids/), 2026-11-06: "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."

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