Worth reading
46Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
3027
US$ million (capital of the subject subsidiary)Wording
Definitive
How definitive the wording is.This transaction
Change in specified subsidiaryDisclosing companyMitsubishi Corporation
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Execution Date / Effective Date30 October 2026 (date of establishment). Qualified as a specified subsidiary on 2 November 2026.
Target company
Investment in and management of the LNG Canada business
Location Calgary, Alberta, CanadaShare capital US$3,027 millionDate of incorporation 30 October 2026
Net SalesNot applicable, as it was newly established.
Operating profitNot applicable, as it was newly established.
Net income for the current fiscal yearNot applicable, as it was newly established.
Net assetsNot applicable, as it was newly established.
Impact on Business Performance
The impact on the Company’s results and financial position is immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionThe conditions for project operations following the organizational restructuring have been fulfilled, and the operating structure has been finalized.
Management structure after acquisitionGeneral Partner: Diamond LNG Canada Ltd. (its representative: Representative Director and President Toyokawa Kentaro (豊川 健太郎)). No personnel will be seconded from the Company.
| Item | Details |
|---|---|
| Transaction name | Change in specified subsidiary |
| Name of the Subject Company | DT LNG Canada Partnership |
| Business Description of the Subject Company | Investment in and management of the LNG Canada business |
| Location of the Subject Company | Calgary, Alberta, Canada |
| Capital Stock of the Subject Company | US$3,027 million |
| Date of Establishment of the Subject Company | 30 October 2026 |
| Net Sales of the Subject Company | Not applicable, as it was newly established. |
| Operating Profit of the Subject Company | Not applicable, as it was newly established. |
| Net Income of the Subject Company | Not applicable, as it was newly established. |
| Net Assets of the Subject Company | Not applicable, as it was newly established. |
| Voting rights ownership percentage | After 93.4% (shareholding ratio) (before not disclosed) |
| Impact on Business Performance | The impact on the Company’s results and financial position is immaterial. |
| Execution Date / Effective Date | 30 October 2026 (date of establishment). Qualified as a specified subsidiary on 2 November 2026. |
| Conditions Precedent to Execution | The conditions for project operations following the organizational restructuring have been fulfilled, and the operating structure has been finalized. |
| Management structure after acquisition | General Partner: Diamond LNG Canada Ltd. (its representative: Representative Director and President Toyokawa Kentaro (豊川 健太郎)). No personnel will be seconded from the Company. |
Items this document does not state (17)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial Committee
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.An organizational restructuring was under consideration to review the ownership structure of the LNG Canada Project. The conditions for project operations following the restructuring have been fulfilled, and the operating structure has been finalized.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.