Sekisui Chemical Co., Ltd.

Sekisui Chemical announced on the 10th that it will make two Ausbuild-affiliated companies, which engage in residential land development and homebuilding in Australia, into subsidiaries for about 335 million Australian dollars, or roughly 37.2 billion yen. Through a subsidiary, it will acquire 51 percent of the two Ausbuild-affiliated companies in January 2027 and plans to raise its stake to 90 percent in the future. Japan's domestic housing market is expected to shrink due to the declining birthrate, and the company aims to expand its business in Australia, where growth prospects are strong. At a press conference, Sekisui Chemical President Ikusuke Shimizu stressed the significance of the acquisition, saying that in addition to construction, Ausbuild has already acquired development land and can expect stable growth.