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May 31, 2024

Mitsubishi Materials Corporation

Notice Concerning Transfer of the Shares of Consolidated Subsidiary

Mitsubishi Materials Corporation ("MMC") has decided to transfer all of the shares of Tohsoh Corporation (a consolidated subsidiary of MMC and wholly owned by Mitsubishi Materials Techno Corporation, "Tohsoh"), held by Mitsubishi Materials Techno Corporation (a wholly owned subsidiary of MMC, "Techno"), to Mitsubishi Kakoki Kaisha, Ltd. ("MKK").

Tohsoh, established in May 1967, is engaged in the plastics and the plant businesses, specializing in the manufacturing and sale of FRP (fiberglass reinforced plastics) products. Since June 2018, Tohsoh has been conducting its business activities as part of the Techno Group. After reviewing various measures contributing to Tohsoh's future growth and considering its relation to MMC's core business, MMC has decided to transfer Tohsoh to MKK, a company with a business close to Tohsoh and a leader in the chemical and engineering industries.

MMC Group established Our Commitment of "For people, society and the earth, circulating resources for a sustainable future." We aim to realize Our Commitment through the expansion of resource recycling and enhancing the supply of high-performance materials and products.

Schedule of the Transfer

May 31, 2024
Signing of share transfer agreement
June 28, 2024
Execution of the transfer (planned)

Overview of Tohsoh Corporation and Mitsubishi Kakoki Kaisha, Ltd.

(1) Name Tohsoh Corporation Mitsubishi Kakoki Kaisha, Ltd.
(2) Address 1- 58, Shinyatoyo-machi, Akita City 2-1, Okawa-cho, Kawasaki-ward, Kawasaki City, Kanagawa
(3) Title and Name
of the Representative		 CEO Chikara Suya President Toshikazu Tanaka
(4) Business Details
  • Design, manufacture, and installation of corrosion-resistant containers such as tanks made of reinforced plastic (FRP), and chemical equipment/devices such as exhaust gas treatment and deodorization facilities
  • Plant maintenance and management of sewage treatment facilities, etc.
  • Engineering, procurement, and construction jobs for a wide range of industrial and chemical plants and environmental control facilities. In addition to plant business, manufacture and sales of many kinds of industrial machinery and equipment.
(5) Share Capital ￥50 million ￥3,957 million
(6) Date of Establishment May 10, 1967 September 1, 1949
(7) Major Shareholders
and
Shareholding Ratio		 Mitsubishi Materials Techno Corporation 100% The Master Trust Bank of Japan, Ltd. (Trust account) 10.23%,
Meiji Yasuda Life Insurance Company 5.42%,
Mitsubishi Kakoki Kaisha Business Partners' Shareholding Association 4.13%,
Mitsubishi Heavy Industries, Ltd. 4.07%,
Custody Bank of Japan, Ltd. (Trust account) 2.97%
(8) Number of Employees 71 625 (non-consolidated)
(9) Net Sales ￥1,453 million
(Fiscal year ended March 2023)		 ￥44,590 million
(Fiscal year ended March 2023)

<Contact details for inquiries>

Corporate Communications Dept.
+81-3-5252-5206

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