As stated in the announcement entitled "Execution of Agreement to Accept Tender Offer for Shares of Sogo Medical Holdings Co., Ltd." dated February 5, 2020, Mitsui & Co., Ltd. (hereinafter "Mitsui" or "the Company", President and CEO: Tatsuo Yasunaga) entered into an agreement with PSM Holdings Inc. (hereinafter "PSM") to accept PSM's tender offer (hereinafter the "Tender Offer") implemented through the management buy-out (MBO) of the Sogo Medical Holdings Co., Ltd. (hereinafter "Sogo", Tokyo Stock Exchange First Section, Code No.:9277) which is Mitsui's equity accounted investee.
Tender Offer concluded as the announcement of Sogo dated March 24, 2020. This is to provide notice that Mitsui completed the procedure of transferring its stock today and will record the gain on its sales amounting approximately to JPY 9 billion on after-tax basis for the fiscal year ending March 31, 2020. Meanwhile, the profit from this transaction was not included in Mitsui's latest earnings forecasts announced on February 4, 2020.