Company Completes Prepackaged Reorganization, Establishes Talc Personal Injury Trust, and Continues Full Operations as a Reorganized Entity

DAYVILLE, CT — Miyoshi America, Inc. (“Miyoshi America” or the “Company”), a leading developer and manufacturer of surface-treated pigments and mineral substrates for the cosmetics and personal care industry, today announced that it has successfully emerged from Chapter 11 bankruptcy protection following the confirmation of its prepackaged Plan of Reorganization by the U.S. Bankruptcy Court for the Southern District of Texas on June 12, 2026.

The Company’s restructuring was implemented through a first-of-its-kind successful establishment of a talc liability trust under Section 524(g) of the Bankruptcy Code pursuant to a fully consensual prepackaged plan of reorganization. The Company’s Plan of Reorganization received the support of more than 99 percent of voting talc personal injury claimants, with no creditor objections to confirmation.

Resolution of Talc Liabilities Through Dedicated Trust

Under the Plan of Reorganization, all current and future asbestos-related talc claims against the Company are permanently channeled to a newly established Talc Personal Injury Trust (the “Trust”). The Trust is funded by contributions from the Company, facilitated by its parent, Miyoshi Kasei, Inc., which provided debtor-in-possession financing throughout the proceeding and equity financing upon emergence.

Ed Houlihan, (Vice President), commented:

“We thank our dedicated employees, suppliers, customers and other business partners who supported us throughout this process and look forward to continue to grow our business.”

Continuity of Operations

Throughout the Chapter 11 process, Miyoshi America maintained normal business operations without interruption, continuing to serve its customers.

The reorganized Company exits bankruptcy with a strengthened balance sheet, its asbestos-related talc liabilities resolved, and the full support of its parent, Miyoshi Kasei, Inc.

Advisors

Mayer Brown LLP and Mori Hamada & Matsumoto are serving as legal counsel, Smith Gofman Partners is serving as investment banker, and Alvarez & Marsal is serving as financial advisor to the Company.

About Miyoshi America, Inc.

Founded in 1985, Miyoshi America develops and manufactures specialty surface-treated pigments, mineral substrates, and composite powders used in cosmetics and personal care formulations by major brands worldwide. The Company operates manufacturing and processing facilities in Dayville, Connecticut and Valley Cottage, New York.

Contact

Frank Lee

Director of Corporate Planning

frankl@miyoshiamerica.com

860-779-3990 Ext 123