Mitsui & Co., Ltd. ("Mitsui", Head office: Tokyo, President and CEO: Masami Iijima) and Sumitomo Corporation ("Sumitomo", Head office: Tokyo, President and CEO: Kuniharu Nakamura) have been negotiating about the integration of their fertilizer business in Japan since the announcement of the basic agreement on March 8, 2012. However, the both companies have reached to a conclusion that integration would not yield the benefits that were initially anticipated, and Mitsui and Sumitomo have therefore canceled their basic agreement concerning the integration of fertilizer business in Japan.
The business alliance established in March 2010 in relation to the fertilizer raw material importing business will continue.
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement 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.