Sekisui Chemical announced on the 10th that it will make Ausbuild Group, an Australian residential land development and homebuilding company, and its affiliates into subsidiaries for 335 million Australian dollars, or about 37 billion yen. Through its Australian subsidiary, it will acquire 51% of the holding company's shares. The share transfer is scheduled for January 2027, and the company is expected to become a consolidated subsidiary in the fiscal year ending March 2027, with the impact of the acquisition on consolidated results currently under review. Ausbuild Group is headquartered in Queensland and is said to have a solid track record in residential land development and homebuilding in the state. Through the move to make it a subsidiary, Sekisui Chemical aims to expand its local housing supply capacity.
Sekisui Chemical Co., Ltd.Sekisui Chemical will acquire 51% of Ausbuild Group for about 37 billion yen, making it a consolidated subsidiary to expand local housing supply capacity.
Ausbuild Group is being acquired as a subsidiary by Sekisui Chemical; impact on Ausbuild itself is not specified.
