Mitsui Matsushima Holdings co., Ltd. acquired 50.1% stake in Marubeni Office Supply Co., Ltd. from Marubeni Corporation.
February 14, 2023
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Mitsui Matsushima Holdings Co., Ltd. (TSE:1518) agreed to acquire a 50.1% stake in Marubeni Office Supply Co., Ltd. from Marubeni Corporation (TSE:8002) for ¥2.4 billion on January 13, 2023. Under the terms, Mitsui Matsushima Holdings Co., Ltd will acquire 100.200 shares. Post completion, name of Marubeni Office Supply Co., Ltd. will be changed to MOS Corporation. During year ended March 31, 2022, Marubeni Office Supply Co., Ltd had total assets of ¥3.636 billion, net worth of ¥1.387 billion, operating income of ¥535 million and net income of ¥346 million. As of January 13, 2023, Mitsui Matsushima Holdings Co., Ltd.'s board passed a resolution for the acquisition. The transaction is expected to complete on February 15, 2023.
Mitsui Matsushima Holdings Co., Ltd. (TSE:1518) completed the acquisition of 50.1% stake in Marubeni Office Supply Co., Ltd. from Marubeni Corporation (TSE:8002) on February 15, 2023.
Mitsui Matsushima Holdings Co Ltd, formerly Mitsui Matsushima Co Ltd is primarily engaged in production, purchase and sales of coal business. The Company also engaged in the manufacture and sale of office equipment, mask blanks for various applications centered on liquid crystal panels, organic electroluminescence (EL), electronic components and others, manufacture and sale of straws, purchase and sale of packaging materials, as well as planning, production and sale of men's clothes, women's clothes and shirts. The Company has two business segments. The Energy segment is engaged in coal sales, coal production and renewable energy business. The Daily Lifestyle segment is engaged in provision of office supplies, electronic components, food and drink materials, clothing products, and care business. The others engage in rental business, ports business, propane gas supply business, as well as overseas dispatch training course business.
MITSUI MATSUSHIMA HOLDINGS CO., LTD. 
