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Mitsubishi Corp (8058.T)

8058.T on Tokyo Stock Exchange

25 May 2017
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Latest Key Developments (Source: Significant Developments)

Mitsubishi Corp cuts stake in Medco Energi Internasional - Nikkei
Monday, 22 May 2017 05:27pm EDT 

May 23 (Reuters) - Nikkei::Mitsubishi Corp has cut its nearly 20 percent stake in Medco Energi Internasional to below 10 percent - Nikkei.Mitsubishi Corp cuts stake in Medco Energi for slightly more than 2 billion yen - Nikkei.  Full Article

Mitsubishi CFO: FY profit forecast based on softer coking coal prices
Tuesday, 9 May 2017 01:00am EDT 

May 9 (Reuters) - Mitsubishi Corp <8058.T> Chief Financial Officer::FY2017/18 profit forecast based on softer coking coal prices.assuming coking coal prices at below $150/T for FY2017/18.no change in plan to freeze natural resource assets growth through end of FY2018/19.  Full Article

Mitsubishi teams with local co's to establish medical complexes in Myanmar-Nikkei
Monday, 27 Mar 2017 03:36pm EDT 

Nikkei: Mitsubishi Corp to team with local co's to establish medical complexes in Myanmar; first facility to cost about 10 billion yen-Nikkei .Mitsubishi will form JV with Capital Diamond Star and Yee Shin for first complex and will provide 30% of capital as well as medical services-Nikkei.  Full Article

Mitsubishi to cut stake in Himaraya to 12.7 pct from 20 pct
Monday, 26 Dec 2016 01:36am EST 

Himaraya Co Ltd <7514.T>: Says Mitsubishi Corp <8058.T> will cut stake in the co to 12.7 percent from 20.0 percent .Says effective Dec. 30.  Full Article

R&I affirms Mitsubishi's rating at "AA-" and says stable outlook – R&I
Monday, 29 Aug 2016 02:15am EDT 

Mitsubishi Corp <8058.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA-" – R&I .Rating outlook stable– R&I.  Full Article

Cementos Pacasmayo plans to separate cement operation and phosphate holdings into two public companies
Monday, 22 Aug 2016 08:06pm EDT 

Cementos Pacasmayo SAA : Cementos Pacasmayo announces plan to separate cement operation and phosphate holdings into two independent public companies . Company's ownership of Fosfatos Del Pacifico will be transferred to a separate entity, Fossal . Proposed corporate reorganization is tax-free . Fossal will in turn own 70% of Fospac . For each common share of co existing shareholders to receive about 0.20 common share of Fossal & about 0.80 common share of co .Fossal will retain same directors and CEO.  Full Article

Mitsubishi Corp to issue hybrid subordinated bonds as soon as September- Nikkei<8058.T>
Thursday, 18 Aug 2016 04:42pm EDT 

Nikkei: Mitsubishi Corp to issue hybrid subordinated bonds targeting institutional investors as soon as September, with plans to raise about 200 billion yen- Nikkei . Mitsubishi Corp aims to raise roe, projected at 5.6% for this fiscal year, to double digits around 2020 - Nikkei .  Full Article

JCDecaux subsidiary wins contract in Tokyo
Tuesday, 12 Jul 2016 11:40am EDT 

Jcdecaux SA :Says its Japanese subsidiary, MCDecaux (85 pct owned by JCDecaux and 15 pct by Mitsubishi Corporation <8058.T>) has won the competitive tender for advertising bus shelter contract awarded by the Bureau of Transportation, Tokyo Metropolitan Government, for a minimum duration of 15 years.  Full Article

JBIC providing roughly 120 billion yen in financing for Japanese consortium - nikkei
Monday, 4 Jul 2016 01:27pm EDT 

: JBIC is providing roughly 120 bln yen ($1.16 bln) in financing for Indonesian liquefied natural gas project taken on by Japanese consortium - Nikkei . JBIC inked a contract thursday with a JV formed by partners including Mitsubishi Corp., Inpex and a member of the JX Holdings Group - Nikkei . Project aims in part to expand LNG production facilities at the Tangguh LNG plant in Eastern Indonesia - Nikkei . Total project costs will apparently run between 800 billion yen and 1 trillion yen - Nikkei Source - http://s.nikkei.com/29lr9tB (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Mitsubishi Corp targeting 300 bln yen net profit in FY2018
Tuesday, 10 May 2016 01:15am EDT 

Mitsubishi Corp <8058.T>:Mitsubishi Corp: to target 300 billion yen ($2.8 billion) net profit in fy2018/19 versus 149.4 billion yen net loss in fy2015/16.  Full Article

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