Mitsui has determined to acquire shares of Type A Stock, non-voting preferred shares, convertible into the Japan Airline Corporation("JAL")'s common shares ("Preferred Stock"), to be newly issued by JAL on 29 Feb, 2008 in the following manner:
Please scroll horizontally to look at table below.
|No. of stocks acquired
||Yen 20 billion
||March 17, 2008
|Outstanding of owned JAL's stocks
Mitsui considers JAL to be one of the most important business partners with a long term historical business relationship. Mitsui believes this acquisition will contribute to JAL's "FY2008-2010 Mid-Term Revival Plan" announced on February 29, 2008 enabling Mitsui to strengthen the relationship with JAL. Through this transaction, Mitsui envisages developing new business with JAL in future.
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.