Mitsui & Co., Ltd. ("Mitsui") announced today
that it will acquire approximate 3.0% of outstanding shares (8,586,000 stocks)
of Yamaha Motor Co., Ltd. ("YMC", code number 7272) from Yamaha Corporation.
(code number 7951) which is the largest shareholder of YMC.
motorcycle distribution companies in UK and Germany in the early 1970's, Mitsui
and YMC have been co-working to develop the manufacturing /distribution /retail
finance businesses in various countries such as Poland, Indonesia, Thailand
as well as in Latin America.
Through this deal, Mitsui and YMC will further
strengthen the partnership and pursue together new opportunities in the overseas
Outline of YMC
||July 1, 1955
|Net Income (Consolidated)
|Major Products & Services
||Manufacture and sales of motorcycles, scooters, outboard
motors, boats, Water Vehicles, 4-wheel ATVs, side-by-side
vehicles, snowmobiles, automotive engines, intelligent machinery,
development of tourist businesses and management of leisure,
recreational facilities and related services.
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.