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Mitsui to Establish Strategic Holding Company for Real Estate Asset Management Business in Japan

Mar. 14, 2016


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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) will establish, in April 2016, Mitsui & Co. Asset Management Holdings Ltd. ("MAH") as a strategic holding company for conducting real estate asset management business in Japan.

Mitsui has expanded its real estate fund management business through its subsidiaries Mitsui & Co., Logistics Partners Ltd. ("MLP", Head Office: Tokyo,) and Mitsui & Co., Realty Management Ltd. ("MBRM", Head Office: Tokyo). MAH will be positioned as the core strategic company for Mitsui's real estate management business in Japan. Mitsui plans to concentrate human resources and expertise, funds, and information into this new company, and transfer part of strategic planning functions in this business area, which has hitherto been handled by Mitsui itself. These changes will create a structure that will enable business development with greater agility. MLP and MBRM will become affiliates of MAH, which will become the hub of a new business promotion structure. MAH will also work to expand the business further by establishing new real estate fund management companies, and by planning, formulating, and implementing M&A projects.

Mitsui, as the sponsor for MAH and its affiliated real estate fund management companies, will continuously support growth of their business operations through the provision of both human resources and funding. Following the establishment of MAH, Mitsui aims to diversify real estate assets under its management and to implement investment totaling ¥200-300 billion by 2020.

Demand from both institutional and individual investors has remained consistently strong in the Japanese real estate asset management market. Through these measures, Mitsui will maintain its focus on the real estate asset management business both in and outside Japan, and expand its business base to meet investor needs.

Business Scheme

Business Scheme

Profile of Mitsui & Co. Asset Management Holdings Ltd. (tentative)

Company name Mitsui & Co. Asset Management Holdings Ltd.
Head office Chiyoda-ku, Tokyo
Establishment April 2016
Shareholders Wholly owned by Mitsui & Co., Ltd.
Business activities Management of asset management subsidiaries, investment activities relating to asset management

Profile of Mitsui & Co., Logistics Partners Ltd.

Company name Mitsui & Co., Logistics Partners Ltd.
Head office Chiyoda-ku, Tokyo
Establishment July 2004
Shareholders Mitsui & Co. Asset Management Holdings Ltd.: 51% (tentative)
Business activities Real estate asset management (management of J-REITs)

Profile of Mitsui & Co., Realty Management Ltd.

Company name Mitsui & Co., Realty Management Ltd.
Head office Chiyoda-ku, Tokyo
Establishment June 2007
Shareholders Mitsui & Co. Asset Management Holdings Ltd.: 100% (tentative)
Business activities Real estate asset management (management of private funds)

Notice:
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.

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819
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