Resonac Holdings stock gains 6.94 percent as spin off nears

Resonac Holdings stock gained 6.94 percent to JPY 14,860 on TSE Prime on September 24, 2026, while the planned Crasus Chemical spin-off moves toward its October timetable. The share price remains 27.5 percent below its 52-week high of JPY 20,495, putting the corporate separation alongside a substantial valuation gap.

Spin-off sets the immediate agenda

Resonac's investor-relations page lists the September 18, 2026 determination of the reference price for the Crasus Chemical listing and the September 17, 2026 estimate for the distributed-asset proportion. The company plans to separate the petrochemical business through a partial spin-off in October 2026, according to Simply Wall St.

The separation changes how investors read the 2026 outlook because Crasus Chemical is treated as a discontinued operation ahead of the transaction. Resonac's investor page identifies the company as TSE Prime 4004 and lists the latest spin-off announcements, linking the price move to a defined corporate timetable rather than an undated theme.

Profit guidance rises as revenue falls

On August 6, 2026, Resonac revised its full-year 2026 revenue guidance to JPY 1,165 billion from JPY 1,310 billion, while operating profit guidance rose to JPY 160 billion from JPY 105 billion, according to Simply Wall St. The operating profit comparison represents a 52.4 percent increase, while the revenue comparison represents an 11.1 percent reduction.

The latest quarter adds another layer. Resonac reported revenue of JPY 368.96 billion in Q2 2026, up from JPY 307.892 billion in Q1, while net income increased from JPY 15.283 billion to JPY 33.168 billion, figures also shown by Investing.com. That sequential improvement helps explain why the higher profit outlook can coexist with lower consolidated revenue after the planned separation.

Stock stays below its yearly high

Resonac Holdings stock stood at JPY 14,860 on TSE Prime on September 24, 2026, with a market capitalization of JPY 2,689,415,151,780. The price was JPY 5,635 below the 52-week high of JPY 20,495, a 27.5 percent gap that leaves the October spin-off and the revised profit profile as the next concrete valuation checkpoints.