www.teijin.co.jp/news/2025/03/31/20250331_01.pdf

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https://www.teijin.co.jp/news/2025/03/31/20250331_01.pdf

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This document announces Teijin Limited's decision made on March 31, 2025, to transfer all shares of its 100% consolidated subsidiary, Teijin Automotive Technologies NA Holdings Corp., to Stork BidCo Inc., a special purpose company under AURELIUS Private Equity. The transfer is due to the subsidiary's profitability falling short of expectations, influenced by external factors such as COVID-19, inflation, and labor cost increases. Teijin will withdraw from the North American business while continuing operations in Europe. The transfer agreement was signed on March 31, 2025, with execution planned for May 2025.