For inquiries on this matter, please contact
- Mitsui & Co., Ltd.
Investor Relations Division - Contact form
- Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819 - Contact form
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) has contributed to society by providing a stable supply of functional materials such as sugar-based polyols for over 50 years through its wholly-owned subsidiary B Food Science Co., Ltd. (“BFS”). As part of the reconfiguration of its business portfolio, Mitsui today decided to sell all of its shares in BFS to PTCJ-7 Holdings Inc., a subsidiary of Polaris Capital Group Co., Ltd., and has signed a share purchase agreement (the “Transaction”).
(1) Name | B Food Science Co., Ltd. | ||
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(2) Location | 24-12 Kitahama-cho, Chita City, Aichi, Japan | ||
(3) Title and name of representative | Akito Umeda (President and CEO) | ||
(4) Description of business | Manufacturing and sales, contract manufacturing, and wholesale of functional food materials, pharmaceutical materials, and chemical materials, mainly centered on sugar-based polyols | ||
(5) Capital | 250 million yen | ||
(6) Date of establishment | Established in 1969, became a wholly-owned subsidiary of Mitsui in 2002 | ||
(7) Major shareholders and ownership ratios | Mitsui (Ownership ratio: 100%) | ||
(8) Relationship between Mitsui and the said company | Capital relationship | 100% owned by Mitsui | |
Personnel relationship | Mitsui dispatches a Managing Officer, an Audit & Supervisory Board Member, and an employee to BFS | ||
Business relationship | There are no material business relationships | ||
(9) Financial position of said company for the last three fiscal years | |||
Fiscal year ended | March, 2022 | March, 2023 | March, 2024 |
Total assets | 11,635 million yen | 12,619 million yen | 13,867 million yen |
Net assets | 7,249 million yen | 7,625 million yen | 8,194 million yen |
(1) Name | PTCJ-7 Holdings Inc. | |
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(2) Location | 1-9-1 Marunouchi, Chiyoda-ku, Tokyo, Japan | |
(3) Description of business | Management of corporate equity and share ownership | |
(4) Capital | 25 thousand yen | |
(5) Date of establishment | December 9, 2024 | |
(6) Major shareholders and ownership ratios | Polaris Capital Group Co., Ltd. (Ownership ratio: 100%) | |
(7) Relationship between Mitsui and the said company | Capital relationship | None |
Personnel relationship | None | |
Business relationship | None |
(1) Number of shares held before the change | 250,000 shares (Ratio of voting rights held: 100%) |
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(2) Number of shares transferred | 250,000 shares |
(3) Number of shares held after the change | 0 shares (Ratio of voting rights held: 0%) |
(4) Transfer price | Not disclosed |
(1) Date of decision | January 15, 2025 |
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(2) Date of agreement signing | January 15, 2025 |
(3) Completion date of transfer | February 2025 (scheduled) |
This Transaction is expected to be completed by the end of the fiscal year ending March 2025, subject to the satisfaction of conditions precedent, such as obtaining the necessary approval by relevant authorities. Mitsui will record a profit in the fourth quarter of the fiscal year ending March 2025 following the completion of the Transaction, part of which has been reflected in Mitsui’s forecast for the fiscal year ending March 2025 announced on November 1, 2024.