What it does

Runs Resonac's former petrochemical operations in Japan, centred on the Oita ethylene cracker, producing ethylene, propylene and derivative chemicals and plastics; revenue is about 300 billion yen.

PetrochemicalsMaterials

Resonac Holdings spun off its petrochemical business Crasus Chemical (FY2025 revenue about 300 billion yen) as a partial spin-off, distributing over 80% of the shares as a dividend in kind (1 Crasus share per Resonac share, record date 30 Sep 2026, effective 1 Oct 2026) and retaining just under 20%, with Crasus direct-listed on the Tokyo Stock Exchange Standard Market on 29 Sep 2026.

Distribution date

29 Sep 2026

Structure

Partial spin

Parent

Resonac Holdings (4004 JP)

Spin-off ticker

646A JP

Listing

Tokyo Stock Exchange Standard

Market

Japan

Sector

Materials

Size

small