NEWS RELEASE

Teijin Agrees to Transfer Subsidiaries Engaged in Film Business to Toyobo
Tokyo, Japan, May 22, 2019 --- Teijin Limited announced today that it has agreed tosell its entire stake in consolidated subsidiaries of its polyester film businesses in Japanand Indonesia, Teijin Film Solutions Limited (TFS) and P.T. Indonesia Teijin Film Solutions(ITFS), to Toyobo Co., Ltd. and signed a share transfer agreement as of today.
The transfer is expected to be completed on October 1, 2019 and to have a negligible
impact on the consolidated full-term operating results forecasts for the fiscal year ending
March 31, 2020.
The Teijin Group further enhances its corporate value by further strengthening its basic
earning power by its growth strategies and promoting the establishment of new corebusinesses by its transformation strategies with a view to achieving our long-term vision
to be a company that supports the society of the future, as stated in its medium-term
management plan for 2017-2019 “ALWAYS EVOLVING”.
The Teijin Group has taken various measures to strengthen the competitiveness of its
polyester film business, including the integration of its Japanese polyester film
production bases to its Utsunomiya plant in 2016. Also, Teijin acquired the interests
owned by E.I. du Pont de Nemours and Company (DuPont) in the joint ventures inJapan and Indonesia and converted them as its wholly owned subsidiaries to improveflexibility in the business operations and to speed up the decision-making processes. Asa result, Teijin has strengthened the profitability of its polyester film to a certain level,
however, in view of the further growth of TFS and ITFS, and the optimal allocation of theTeijin Group's management resources, Teijin has agreed to sell its entire stake of theconsolidated subsidiaries.
Toyobo positions its film business as a growth area of the company and is promoting
business expansions. By implementing this share acquisition, Toyobo believes that its
business will grow significantly by integrating TFS's advanced development capabilities
and a broad range of customer networks and strengthening production systems
including ITFS.
- About the consolidated subsidiaries to be transferred:(1) Teijin Film Solutions Limited (TFS)
NameTeijin Film Solutions Limited
Head office location
Name and title of therepresentative

3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo
Yoshihiro Nomi
President and CEO

Description of business
Share capital

Film production and sales
10,010 million yen

Month of incorporation

January, 2000

Shareholdings ratio

Teijin Limited 100.0%(2) P.T. Indonesia Teijin Film Solutions (ITFS)
Name
Head office location
Name and title ofrepresentative
Description of business
Share capitalMonth of incorporation
Shareholdings ratio

P.T. Indonesia Teijin Film Solutions
Jl. MH Thamrin, Kel. Panunggangan Kec. Pinang,Tangerang 15143 Banten, Indonesia
Yuichi Hanawa
President Director
Film production and sales
77.4 million US $March, 1996
Teijin Limited 377, 990 shares (99.998%)
Teijin Film Solutions Limited 10 shares (0.002%)

About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in theareas of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Its main fields of operation arehigh-performance fibers such as aramid, carbon fibers & composites, healthcare, films,resin & plastic processing, polyester fibers, products converting and IT. The group hasover 170 companies and around 20,000 employees spread out over 20 countries
worldwide. It posted consolidated sales of JPY888.6 billion (USD 8.1 billion) and total
assets of JPY1020.7 billion (USD 9.3 billion) in the fiscal year ending March 31, 2019.
Please visit www.teijin.com
Press Contact
Corporate Communications
Teijin Limited+81 3 3506 4055
pr@teijin.co.jp