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The latest announcement is out from Sumitomo Chemical Co ( (JP:4005) ).
Sumitomo Chemical Co., Ltd. is set to make Tanaka Chemical Corporation a wholly-owned subsidiary through a simplified share exchange, effective January 30, 2026. This strategic move aims to strengthen Sumitomo’s position in the rechargeable battery market by leveraging Tanaka’s expertise in cathode materials, aligning with Sumitomo’s growth strategy and enhancing its technological capabilities in response to increasing demand for energy-efficient solutions.
The most recent analyst rating on (JP:4005) stock is a Hold with a Yen510.00 price target. To see the full list of analyst forecasts on Sumitomo Chemical Co stock, see the JP:4005 Stock Forecast page.
More about Sumitomo Chemical Co
Sumitomo Chemical Co., Ltd. operates in various sectors including Agro & Life Solutions, ICT & Mobility Solutions, Advanced Medical Solutions, and Essential & Green Materials. Established in 1925, the company aims to grow as an ‘Innovative Solution Provider’ with a focus on upgrading its business portfolio, increasing resilience, and improving financial efficiency. Tanaka Chemical Corporation, established in 1957, specializes in high-value-added functional chemical materials, particularly in cathode materials for rechargeable batteries, which are crucial for energy-saving and environmentally friendly vehicles.
Average Trading Volume: 12,330,063
Technical Sentiment Signal: Buy
Current Market Cap: Yen778.9B
For an in-depth examination of 4005 stock, go to TipRanks’ Overview page.