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Mitsubishi Corporation (MC) is pleased to announce its signing today of a share-transfer agreement with Mitsubishi UFJ Financial Group, Inc. (MUFJ) and MUFG Bank, Ltd. (MUFG Bank). Under the terms of the agreement, MUFG and MUFG Bank will transfer to MC some of their shares in both Mitsubishi UFJ Lease & Finance Company Limited (MUL) and Hitachi Capital Corporation (HCC). See details below. １．Details
(1)Transferor MUFG MUFG Bank
(2)Transferee MC
(3)Share To Be Transferred 35,372,734 MUL Shares 3,507,379 HCC Shares
(4)Expected Date of Transfer March 25, 2021
2. Additional Information
On September 24, 2020, MUL and HCC released a joint statement announcing their intentions to integrate operations through an absorption-type merger, which is set to go into effect on April 1, 2021. MUL and HCC will be the surviving and merged companies respectively, with the former renamed Mitsubishi HC Capital Inc.
MC, which following the merger will own approximately 18% of the new company, has plans to make it an equity-method affiliate once its integration is completed. As one of its main shareholders, MC will continue to collaborate on its future growth and development. 3．Impact on Financial Results
The impact of this share transfer on MC’s financial results for the current fiscal year is expected to be minimal. (责任编辑：)
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