Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), as announced in the Notice Concerning New Valepar Shareholders Agreement (2) dated August 14th, 2017, will record a profit for the second quarter of the fiscal year ending March 31st, 2018 upon the incorporation of Valepar S.A. ("Valepar") by Vale S.A. ("Vale"). As released by Vale (*1) dated August 14th, 2017 that the incorporation of Valepar by Vale was completed, Mitsui announces the profit (after tax) of approximately ¥89 billion based on the stock price of Vale and the exchange rate applicable for the effective date of the incorporation of Valepar by Vale.
(*1) Release by Vale (dated August 14th, 2017 in Brazil Time)
Mitsui's forecast of the consolidated financial result for the year ending March 31st, 2018 announced on May 9th, 2017 does not include this financial impact and Mitsui will announce immediately as and when necessary to revise the forecast.
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.