Sale of shares contributed by the Company to a retirement benefit trust
Mitsubishi Paper Mills Limited (the Company)
Mitsubishi Corporation common shares (6,600,000 shares contributed to a retirement benefit trust)
As part of the reduction of shares held based on the target of reducing shares held, including deemed holdings, to 20% or less of net assets by the end of March 2028, to improve capital efficiency
Consolidated results for the fiscal year ending March 2027
The impact on the Company's consolidated results for the fiscal year ending March 2027 will be minor.
The Company will continue to review its holdings and work to further enhance corporate value. The precise holding ratio will be disclosed with the first-quarter financial results for the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Event name | Sale of shares contributed by the Company to a retirement benefit trust |
| Subject Entity | Mitsubishi Paper Mills Limited (the Company) |
| Target Locations / Products | Mitsubishi Corporation common shares (6,600,000 shares contributed to a retirement benefit trust) |
| Cause | As part of the reduction of shares held based on the target of reducing shares held, including deemed holdings, to 20% or less of net assets by the end of March 2028, to improve capital efficiency |
| Accounting period in which recognized | Consolidated results for the fiscal year ending March 2027 |
| Impact on Earnings Forecast | The impact on the Company's consolidated results for the fiscal year ending March 2027 will be minor. |
| Outlook | The Company will continue to review its holdings and work to further enhance corporate value. The precise holding ratio will be disclosed with the first-quarter financial results for the fiscal year ending March 2027. |
| Planned follow-up disclosure | The precise holding ratio will be disclosed with the first-quarter financial results for the fiscal year ending March 2027. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To reduce shares held in order to improve capital efficiency and achieve the target of reducing shares held, including deemed holdings, to 20% or less of net assets by the end of March 2028.