Showa Denko k.k. (TSE:4004) acquired 50% stake in Frontier Carbon Corp. from Mitsubishi Corporation (TSE:8058) on January 8, 2013. The acquisition is part of a strategic partnership between Mitsubishi Corporation and Showa Denko K.K. Post acquisition, Frontier Carbon Corp. would be a 50-50 joint venture between Mitsubishi Corporation and Showa Denko. Fullerene production equipment at Frontier's previous joint venture partner, Mitsubishi Chemical Corp.'s Kurosaki plant in Fukuoka Prefecture will be transferred to a Showa Denko business development center in Chiba Prefecture.

Showa Denko k.k. (TSE:4004) completed the acquisition of 50% stake in Frontier Carbon Corp. from Mitsubishi Corporation (TSE:8058) on January 8, 2013.