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Mitsui & Co. Ltd. ("Mitsui," head office: Tokyo; President and CEO: Masami Iijima), has decided to merge its subsidiaries Tri-net Logistics Co. Ltd. ("TNL") and Mitsui Bussan Logistics Management Co. Ltd ("MLM"). An outline of the merger process is provided below.
The merger will allow the organic integration of the two companies' human resources and functions, leading to the expansion of their business activities and earnings base. The specific aim of the merger is to combine TNL's expertise in the warehousing and distribution processing fields with MLM's knowledge in such areas as consulting on logistics improvement and refrigerated logistics center management to create an organization offering one-stop access to marketing and proposal capabilities.
(1) Effective date of merger
April 1, 2012
(2) Merger format
Absorption-type merger with TNL as the surviving company
|Company Name||Tri-net Logistics Co. Ltd. (merging company)||Mitsui Bussan Logistics Management Co. Ltd. (merged company)|
|Representative||Masaaki Nobuoka, President and Representative Director||Yoshihiro Yamanaka, President and Representative Director|
|Address||7-2, Nihonbashi-Honcho 1-Chome, Chuo-ku, Tokyo||4-1, Kanda-Awaji-cho 1-Chome, Chiyoda-ku, Tokyo|
|Founded||February, 1952||April, 2006|
|Main Business Activities||· Warehousing services, domestic transport services, customs clearance services
· Distribution processing
· Real estate leasing services
· Medical logistics services
|· Logistics improvement consulting
· Operations and management of refrigerated logistics centers (non-asset 3PL)
· BPO (business process outsourcing) management
· Planning and designing of logistics information systems
|Capital||¥1,000 million||¥100 million|
(FYE March 2011)
|Main Business Locations/Areas||Tokyo, Ichihara, Ichikawa, Yokohama, Kobe, Fukuoka, Saitama||Tokyo, Osaka|
|Shareholders||Wholly owned by Mitsui & Co., Ltd.||Wholly owned by Mitsui & Co., Ltd.|
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 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, 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.