Seiren (TYO:3569) has revised its plan to acquire the textile business of Unitika and Nippon Ester, opting to first establish a subsidiary to facilitate the takeover.

The company initially planned an incorporation-type company split, which has since been canceled.

Under the new structure, the business will be transferred to a wholly owned subsidiary through an absorption-type company split, Seiren said in a Tokyo bourse filing on Monday.

Seiren will then acquire all shares of the new company on Jan. 1, 2026.