Kurita Water Industries (TYO:6370) is implementing an absorption-type company split, transferring its Tohoku region business to its wholly-owned subsidiary, Kurita East Japan, according to its filing last Friday.
The split, effective April 1, aims to enhance customer intimacy and accelerate the creation of solutions in water treatment chemicals, facilities, and maintenance services.
As a simplified absorption-type split with a wholly-owned subsidiary, no allocation of shares or payment will be made.
Kurita East will assume all assets, liabilities, and contractual obligations related to the Tohoku region business, ensuring seamless continuity. The restructuring follows the consolidation of 11 domestic sales companies into Kurita East and Kurita West Japan.
This move aligns with Kurita's medium-term management plan, Pioneering Shared Value 2027, which focuses on expanding shared value creation and global Creating Shared Value (CSV) business.
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