Mitsui & Co., Ltd. ("Mitsui"; head office: Tokyo; President and CEO: Masami Iijima) announced its subsidiary, MCM FOODS HOLDINGS LTD. resolved to dissolve the business and plans to complete the liquidation as follows.
1. Company profile
|Company name||MCM FOODS HOLDINGS LTD.|
|Location||24 King William Street, London EC4R 9AJ, United Kingdom|
|Representative||Mitsunari Fukuro, Managing Director|
|Main business||Import and sales of canned food products and groceries|
|Establishment||June 1, 2009|
|Shareholders and ownership||Mitsui 50%
Mitsui & Co. Europe PLC (Mitsui's wholly owned subsidiary) 50%
|Fiscal year end||March 31|
2. Reason for the dissolution
In consideration of Mitsui's corporate strategy to optimize its business portfolio, Mitsui decided to dissolve the business and plans to complete the liquidation. In the fiscal year ended March 2012, MCM FOODS HOLDINGS LTD. sold off its subsidiaries which are engaged in import and sales of canned food products and groceries in England, the Netherlands and Poland.
May 2, 2012 Resolution of dissolution
March 2014 Completion of liquidation
4. Impact on Mitsui's consolidated financial statements
This transaction is not expected to have any significant impact on Mitsui's consolidated financial results of the fiscal year ending March 2013.
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.