Mitsubishi Shokuhin sets record date for shareholder meeting

Mitsubishi Shokuhin (TSE:7451) announced today the setting of a record date of July 16, 2025, to determine shareholders eligible to vote at a potential extraordinary general meeting. The meeting is being planned in connection with the previously announced tender offer by Mitsubishi Corporation, the company’s controlling shareholder, to acquire all outstanding shares of Mitsubishi Shokuhin. The announcement states that the extraordinary general meeting will be convened around late August 2025 if Mitsubishi Corporation is unable to acquire all shares through the tender offer, or if the tender offer allows Mitsubishi Corporation to own 90% or more of the total voting rights, requiring a share consolidation process. The agenda will include proposals for a share consolidation and changes to the articles of incorporation to abolish the unit share system. The company clarified that the meeting will not be held, and the record date will not be used, if the tender offer fails or if Mitsubishi Corporation succeeds in acquiring at least 90% of the voting rights. The details of the meeting, including the date, time, location, and agenda, will be announced separately if the meeting proceeds.