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Mitsubishi Corporation

Latest Tokyo Brief coverage on Mitsubishi Corporation, tracking filings, financial news, and market signals from Japan.

Code
8058
Exchange
TSE
Coverage
5 articles

Latest coverage

TSE:8058

  1. Mitsubishi Corp. Sells Its Entire 20% Stake in Toyo Tire Back to the Company

    A 30.82 million-share block, a fifth of Toyo Tire's stock, moved off-market from Mitsubishi Corporation back to the tire maker itself at ¥3,602 a share, an EDINET filing shows, with no stated reason attached.

  2. Toyo Tire Buys Out Mitsubishi's Entire 20% Stake in One Trade

    Toyo Tire retired Mitsubishi Corporation as its top shareholder in one August 10 trade, paying ¥111.02bn through an off-auction ToSTNeT-3 buyback and confirming a share cancellation set for late September.

  3. Commodity Prices and a Chiyoda Deconsolidation Push Mitsubishi Corp's Quarterly Profit Up 47%

    Commodity prices lifted Mitsubishi Corporation's Metal Resources profit and a one-off revaluation gain from removing engineering contractor Chiyoda Corporation from its consolidated accounts pushed quarterly net profit to ¥298.5bn, even as the trading house held its full-year target steady at ¥1.10tn.

  4. Mitsubishi Corp Completes Texas-Louisiana Shale Gas Buyout, Adds Five New Controlled Units

    Closing the Aethon acquisition on July 14 pushed five entities over the 10% capital threshold that makes them reportable specified subsidiaries, from a $2.2bn Houston holding company to a $142mn Delaware asset-holder.

  5. Mitsubishi Corp's Chiyoda Stake Drops to 66.6% After a ¥55bn Preferred Share Sale

    An off-market sale of 441.6 million Chiyoda Corporation preferred shares drops Mitsubishi Corporation's holding ratio from 81.94% to 66.57%, a stake cut worth roughly ¥55.1bn.