Mitsubishi Corp to acquire Mitsubishi Shokuhin, delist shares

Mitsubishi Shokuhin (TSE: 7451) announced that its parent company, Mitsubishi Corporation, intends to commence a tender offer to acquire all outstanding shares of Mitsubishi Shokuhin, with the aim of making it a wholly-owned subsidiary. Mitsubishi Corporation currently holds 50.1% of the voting rights in Mitsubishi Shokuhin. The board of Mitsubishi Shokuhin has expressed its support for the tender offer and recommends that shareholders tender their shares. If the acquisition is successful, Mitsubishi Shokuhin's shares will be delisted from the Tokyo Stock Exchange. In fiscal year 2025, Mitsubishi Shokuhin's purchases from Mitsubishi Corporation amounted to JPY 231,011 million, with a closing balance of JPY 40,974 million outstanding on accounts payable. Mitsubishi Shokuhin emphasizes that its operations and decision-making remain independent, with a board that includes independent outside directors.