Signing of Agreement to Transfer Shares of MUL and HCC to MC

ENGLISH
|
JAPANESE
|
CONNECT WITH US:

Mar 19, 2021 17:07 JST

Source: Mitsubishi Corporation

Signing of Agreement to Transfer Shares of MUL and HCC to MC

TOKYO, Mar 19, 2021 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its signing today of a share-transfer agreement with Mitsubishi UFJ Financial Group, Inc. (MUFJ) and MUFG Bank, Ltd. (MUFG Bank). Under the terms of the agreement, MUFG and MUFG Bank will transfer to MC some of their shares in both Mitsubishi UFJ Lease & Finance Company Limited (MUL) and Hitachi Capital Corporation (HCC). See details below.

2. Additional Information
On September 24, 2020, MUL and HCC released a joint statement announcing their intentions to integrate operations through an absorption-type merger, which is set to go into effect on April 1, 2021. MUL and HCC will be the surviving and merged companies respectively, with the former renamed Mitsubishi HC Capital Inc.

MC, which following the merger will own approximately 18% of the new company, has plans to make it an equity-method affiliate once its integration is completed. As one of its main shareholders, MC will continue to collaborate on its future growth and development.

3. Impact on Financial Results
The impact of this share transfer on MC's financial results for the current fiscal year is expected to be minimal.

Source: Mitsubishi Corporation
Sectors: Engineering

Copyright ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Latest Release

Japantastics, Inc.

Japantastics Introduces Sato Mokko to the World -- A New Chapter in Japanese Artisanal Craftsmanship
Jun 18, 2026 08:00 JST

Hitachi, Ltd.

Hitachi expands its work with OpenAI to accelerate AI-driven modernization and cybersecurity
Jun 17, 2026 14:54 JST

Fujitsu and IBM Japan collaborate on modernization to support enterprise digital transformation
Jun 17, 2026 14:23 JST

Sharp Corporation

Sharp to Introduce AQUOS R11 Smartphone
Jun 17, 2026 13:59 JST

Honda Motor Co, Ltd

Honda to Begin Supplying Three High-output Models of the eGX Electric Power Unit Series for Commercial-Grade Work Equipment
Jun 17, 2026 13:44 JST

Eisai

Eisai Announces Strategic Investment Supported by the UK Government's LSIMF
Jun 17, 2026 13:28 JST

NEC Corporation

BAE Systems and NEC Sign MoU to Strengthen Japan's Active Cyber Defence
Jun 17, 2026 13:10 JST

Anime Tokyo Station

Anime Tokyo Station Early Summer Festival
Jun 17, 2026 11:00 JST

Hitachi, Ltd.

Hitachi Energy expands zero-emission power portfolio with HyFlex Compact
Jun 13, 2026 00:06 JST

Hitachi, Ltd.

Hitachi Energy unveils AxoniQ: game-changing solution for the next era of transmission grids
Jun 12, 2026 23:42 JST

Mitsubishi Motors

Team Mitsubishi Ralliart Confirms Triton Readiness as It Targets Second Consecutive AXCR Title
Jun 12, 2026 23:20 JST

NEC Corporation

Report verifying the net carbon impact of NEC's agricultural solution, CropScope, published as part of the Net Carbon Impact initiative promoted by the EU Green Digital Coalition
Jun 12, 2026 21:40 JST

NEC Corporation

NEC's Face Recognition Walkthrough Gate for JR East railways wins "Best of the Best" at the "Red Dot Design Award 2026"
Jun 12, 2026 13:29 JST

Mitsubishi Motors

Mitsubishi Motors to Launch All-New Eclipse Sportback EV in the United States and Canada
Jun 10, 2026 23:15 JST

Hitachi, Ltd.

Bosch Home Comfort Group and Hitachi Group agree to collaborate on Intelligent connectivity and diagnosis solutions for Commercial Air Conditioning based on "HMAX for Buildings"
Jun 10, 2026 22:47 JST

Hitachi, Ltd.

Hitachi and Google Cloud expand strategic alliance to accelerate real-world deployment of physical AI through FDE and advanced cybersecurity solutions
Jun 10, 2026 22:18 JST

Toyota Motor Corporation

Toyota to participate in the "1000 Miglia Gran Turismo Experience 2026," a special program of the historic Italian rally, the 1000 Miglia
Jun 10, 2026 21:39 JST

Mazda

Mazda Advances Toward Commercialization of Onboard CO2 Capture System
Jun 09, 2026 00:03 JST

Mitsubishi Heavy Industries (MHI)

Collaboration Between OCTARVIA Programs and MiPoLin(R)
Jun 08, 2026 23:34 JST

Hitachi, Ltd.

Hitachi joins Anthropic's "Project Glasswing" an AI-powered security program
Jun 08, 2026 23:04 JST

More Latest Release >>