Mitsubishi Corporation establishes new US resources subsidiary, MCAR

Mitsubishi Corporation has decided to establish MC Americas Resources, Inc. (MCAR) under its existing U.S. subsidiary, Mitsubishi Corporation (Americas) (MCA). This new entity is projected to receive an investment from MCA that will represent 10% or more of Mitsubishi Corporation's capital, making it a "specific subsidiary" for the parent company.

MCAR, located at 151 West 42nd Street, New York, will focus on metal resource investment in North America. Its capital is set to a maximum of $600 million. The establishment is scheduled for September 2025.

Mitsubishi Corporation (Americas) will hold 100% of MCAR, making it a 100% indirectly owned subsidiary of Mitsubishi Corporation. The company anticipates that this change will have a minor impact on its current fiscal year's performance.