REG - Mitsubishi Corp. - Notice of Change in the Specified Subsidiary

MitsubishiAnnouncement

23/12/2025 07:00

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RNS Number : 6344M  Mitsubishi Corporation  23 December 2025

Notice of Change in the Specified Subsidiary

 

Mitsubishi Corporation hereby announces the following change in its specified
subsidiary.

 

１．Reason for Change

Cermaq Group AS ("Cermaq"), a wholly owned subsidiary of Mitsubishi
Corporation ("the Company"), has resolved on December 19(th) (Norwegian time)
to increase the capital of Cermaq Holding AS, Cermaq Norway Holding AS and CQ
Canada Holding Ltd, subsidiaries under Cermaq. The purpose of this capital
increase is to provide funds for the acquisition of three salmon farming
operations under Grieg Seafood: the Northern Norway, and the East and West
Coasts of Canada.

As a result of this resolution, the capital of Cermaq Holding AS, Cermaq
Norway Holding AS, and CQ Canada Holding Ltd will exceed one-tenth of the
Company's capital, will therefore qualify as specified subsidiaries of the
Company.

 

２．Overview of the Specified Subsidiary

（１）Cermaq Holding AS

 （１）                                            Name                                 Cermaq Holding AS
 （２）                                            Location                             Dronning Eufemias gate 16 0191 OSLO, Norway
 （３）                                            Representative                       General Manager・Kristoffer Moestue Sannes
 （４）                                            Business Description                 Investments in the aquaculture industry and related supplier activities
 （５）                                            Capital                              4,161 million Norwegian Krone

                                                                                     （equivalent to about JPY64.2 billion*）
 （６）                                            Date of Establishment                July 5(th), 2013
 （７）                                            Major Shareholder / Ownership Ratio  Cermaq Group AS 100.00%
 （８）                                            Relationship with the Company        Capital             100% owned by Cermaq Group AS
           Personnel                            None
           Business                             None
 （９）                                            Financial Performance and Position for the past three fiscal years**
                                                (NOK：Norwegian Krone)
 Fiscal Year Ended March                                                             2025                                    2024                2023
           Net Assets (million NOK)                                                  191                                     189                 187
           Total Assets (million NOK)                                                192                                     192                 190
           Net Assets per Share (thousand NOK)                                       1.1                                     1.0                 1.0
           Net Sales (NOK)                                                           0                                       0                   0
           Operating Income (thousand NOK)                                           (106)                                   (94)                (79)
           Net Income Attributable to Parent Company Shareholders (million NOK)      2                                       2                   306
           Net Income per Share (thousand NOK)                                       0                                       0                   2
           Dividend per Share (thousand NOK)                                         0                                        0                  2

*The applied foreign exchange rate is 15.42, TTM rate as of the end of
November, 2025.

**Unconsolidated base

 

（２）Cermaq Norway Holding AS

 （１）                                            Name                                 Cermaq Norway Holding AS
 （２）                                            Location                             Nordfoldveien 165, 8286 NORDFOLD STEIGEN, Norway
 （３）                                            Representative                       General Manager・Kristin Vibeke Hurum
 （４）                                            Business Description                 Investments in the aquaculture industry and related supplier activities
 （５）                                            Capital                              2,615 million Norwegian Krone

                                                                                     （equivalent to about JPY40.3 billion*）
 （６）                                            Date of Establishment                October 1(st), 2022
 （７）                                            Major Shareholder / Ownership Ratio  Cermaq Group AS 100.00%
 （８）                                            Relationship with the Company        Capital             100% owned by Cermaq Group AS
           Personnel                            None
           Business                             None
 （９）                                            Financial Performance and Position for the past three fiscal years**
                                                (NOK：Norwegian Krone)
 Fiscal Year Ended March                                                             2025                                    2024                2023
           Net Assets (million NOK)                                                  11,747                                  11,164              12,854
           Total Assets (million NOK)                                                12,421                                  11,820              12,856
           Net Assets per Share (million NOK)                                        3.9                                     3.7                 4.3
           Net Sales (million NOK)                                                   6.5                                     7.2                 1.2
           Operating Income (thousand NOK)                                           (387)                                   276                 101
           Net Income Attributable to Parent Company Shareholders (million NOK)      582                                     0                   4,313
           Net Income per Share (thousand NOK)                                       194                                     0                   1,438
           Dividend per Share (thousand NOK)                                         217                                     217                 0

*The applied foreign exchange rate is 15.42, TTM rate as of the end of
November, 2025.

**Unconsolidated base

 

（３）CQ Canada Holding Ltd

 （１）        Name                                 CQ Canada Holding Ltd
 （２）        Location                             2900 - 550 Burrard Street, Vancouver, BC V6C 0A3
 （３）        Representative                       Director・Steven Rafferty
 （４）        Business Description                 Investments in the aquaculture industry and related supplier activities
 （５）        Capital                              209 million Canadian dollars（equivalent to about JPY 23.3 billion*）
 （６）        Date of Establishment                Oct 6(th), 2025
 （７）        Major Shareholder / Ownership Ratio  Cermaq Holding AS 100.00%
 （８）        Relationship with the Company        Capital                               100% owned by Cermaq Holding AS
            Personnel                                                                  None
            Business                                                                   None

*The applied foreign exchange rate is 111.58, TTM rate as of the end of
November, 2025.

 

３．Impact on the Company's Financial Results

The impact on the Company's financial results for the fiscal year ending March
31, 2026 will be immaterial.

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