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Latest Key Developments (Source: Significant Developments)

R&I Affirms Mitsubishi Corporation.'s Rating at "AA-"; Rating Outlook Stable
Thursday, 23 May 2013 02:00am EDT 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Mitsubishi Corporation at "AA-". The rating outlook is stable.  Full Article

Buru Energy Ltd Announces Completion of Sale to Mitsubishi Corp and Rey Resources Ltd of Interests in EP 457 and EP 458 in Canning Superbasin
Wednesday, 22 May 2013 08:18pm EDT 

Buru Energy Ltd, Mitsubishi Corp and Rey Resources Ltd announced on March 18, 2013, that they have entered into a transaction pursuant to which Buru sold interests in exploration permits EP 457 and EP 458 (Fitzroy Blocks) in the Canning Superbasin to MC and Rey. The sale had a number of standard conditions including approvals by Department of Mines and Petroleum of Western Australia and FIRB approval. Buru Energy Ltd announced that these conditions have now been fulfilled, and Buru has received a total cash payment of $21.059 million. The interests in the Fitzroy Blocks are now: Buru Energy - 37.5% (operator); Mitsubishi Corp - 37.5%; and Rey Resources - 25.0%. Mitsubishi Corp holds its interest through its wholly owned subsidiary - Diamond Resources Fitzroy Pty Ltd).  Full Article

Mitsubishi Corp, Mitsui & Co Ltd and Nippon Yusen KK to Move into LNG Production in U.S.- Nikkei
Thursday, 16 May 2013 08:00pm EDT 

Nikkei reported that Mitsubishi Corp, Mitsui & Co Ltd and Nippon Yusen KK will reach an agreement with Sempra Energy to obtain a roughly 33% interest in a liquefied natural gas project in the state of Louisiana, the United States. The Japanese companies and French firm GDF Suez will invest in Sempra subsidiary Cameron LNG, which now operates an LNG terminal in Hackberry, Louisiana. They will build a processing facility to cool locally produced natural gas into liquid. The goal is to achieve a capacity of 12 million tons a year by 2017. The total project cost is estimated at about USD 10 billion.  Full Article

Mitsubishi Corp Announces Joint Venture with NISHIO RENT ALL Co LTD, KANAMOTO CO LTD, NIKKEN CORPORATION and AKTIO Corporation- Hokkaido Shimbun Press
Thursday, 16 May 2013 08:00pm EDT 

Hokkaido Shimbun Press reported that Mitsubishi Corp announced that it has established a joint venture with NISHIO RENT ALL Co LTD, KANAMOTO CO LTD, NIKKEN CORPORATION and AKTIO Corporation on May 15, 2013. The joint venture is engaged in purchase of construction equipment in Tokyo. The shareholding structure in the joint venture is not disclosed.  Full Article

Nippon Paper Industries Co Ltd and Mitsubishi Corp to Build 21-MW Solar Plant in Japan- SeeNews
Monday, 13 May 2013 08:00pm EDT 

SeeNews reported that Nippon Paper Industries Co Ltd announced that it will construct a 21-MW solar plant on Japan's island of Shikoku, together with Mitsubishi Corp. Through a 50/50 joint venture the two companies will build the solar installation on land owned by Nippon Paper in Japan's Tokushima Prefecture. Construction of the plant is slated to begin in autumn 2013, with electricity sales to start in the second half of 2014. Its output will be sold to utility Shikoku Electric Power.  Full Article

Mitsubishi Corp to Issue Year-end Dividend for FY 2013
Wednesday, 8 May 2013 12:00am EDT 

Mitsubishi Corp announced that it has decided to issue a year-end dividend of JPY 30 per share, above the latest dividend forecast of JPY 25 per share, disclosed on October 19, 2012, to all the shareholders of record as of March 31, 2013, effective June 24, 2013.  Full Article

KOBAYASHI PHARMACEUTICAL CO LTD to Sell Stake in Osaka-based Company to Mitsubishi Corporation
Wednesday, 24 Apr 2013 02:00am EDT 

KOBAYASHI PHARMACEUTICAL CO LTD announced that it has decided to sell a 20% stake in a Osaka-based company, Kobayashi Medical Co., Ltd., to Mitsubishi Corporation, effective May 20, 2013. After the selling, Mitsubishi Corporation will hold a 100% stake in Kobayashi Medical.  Full Article

Kirin Holdings Co Ltd to Sell Kirin Kyowa Foods Company,Limited to Mitsubishi Corporation
Monday, 18 Mar 2013 03:00am EDT 

Kirin Holdings Co Ltd announced that it has decided to sell all its holding 1,354 shares of its wholly owned subsidiary Kirin Kyowa Foods Company,Limited, which engaged in the production, sale, import and export of seasonings, sweeteners, quality-improving agents, yeast-related ingredients, bakery ingredients, processing liquors and other food ingredients, for JPY 30,500 in total to Mitsubishi Corporation. The transaction will be completed effective January 1, 2015.  Full Article

Teijin Ltd Terminates Joint Venture Agreement with Showa Shell Sekiyu KK and Mitsubishi Corporation
Monday, 18 Mar 2013 02:00am EDT 

Teijin Ltd announced that it has decided to terminate the joint venture agreement with Showa Shell Sekiyu KK and Mitsubishi Corporation. The joint venter, which is engaged in manufacturing and sales of paraxylene, will be dissolved by the end of March 2013.  Full Article

Itochu Corp, Mitsubishi Corp And GDF Suez SA In Turkish Nuclear Plant Bid-Reuters
Tuesday, 5 Mar 2013 03:13am EST 

Reuters reported that Itochu Corp, Mitsubishi Corp and France's GDF Suez SA have made a joint bid to build Turkey's second nuclear power plant with total investment seen at $20-$25 billion. Turkey plans to build several nuclear plants over the next 10 years to reduce its dependence on imported oil and gas. Turkey has also been in talks with companies from Canada, South Korea and China regarding the planned Sinop plant and Turkish officials said bids from China and the Japanese-French consortium currently looked the strongest.  Full Article

Mitsubishi Corp News

New Issue- Evonik prices 500 mln euro 2020 bond

Lead Manager(s) Citi, CMZ, Mitsubishi & Societe Generale

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