Mitsui Announced Partial Transfer of Shares in Nihon Unisys, Ltd.
OREANDA-NEWS. August 20, 2012. Mitsui & Co., Ltd. ("Mitsui", head office: Tokyo, President and CEO: Masami Iijima) agreed to transfer a part of its shares in Nihon Unisys, Ltd. ("NUL"), 20,726,410 shares (18.9% of the total shares issued), to Dai Nippon Printing Co., Ltd. ("DNP"), and the share transfer agreement was concluded on August 9, 2012.
In consideration of Mitsui's corporate strategy to optimize its business portfolio, Mitsui has decided to transfer a part of its shares of NUL common stock to DNP that it believes would contribute to the improvement of NUL's corporate value. While Mitsui will become the second largest shareholder of NUL as a result of this transaction, Mitsui will continue to maintain the good relationship with NUL.
1. Change in the Shareholding of Mitsui in NUL by the anticipated Share Transfer
Shares held by Mitsui before transfer |
30,524,919 shares (27.8% of the total shares issued) |
Shares to be transferred from Mitsui to DNP |
20,726,410 shares |
Shares held by Mitsui after transfer |
9,798,509 shares (8.9% of the total shares issued) |
2. Corporate profile of NUL (as of March 31, 2012)
(1) Corporate name |
Nihon Unisys, Ltd. |
(2) Representative |
Shigeru Kurokawa, Representative Director, President & CEO |
(3) Address |
1-1-1 Toyosu, Koto-ku, |
(4) Date of establishment |
March 29, 1958 |
(5) Business activities |
Provision of consulting services, IT solutions, outsourcing services, support services, and system-related services, and sales of computer systems (including hardware and software) |
(6) Number of employees |
4,358 |
(7) Amount of Capital |
JPY 5,483 million |
(8) Shares issued |
109,663,524 shares |
3. Corporate profile of DNP (as of March 31, 2012)
(1) Corporate name |
Dai Nippon Printing Co., Ltd. |
(2) Representative |
Yoshitoshi Kitajima, President |
(3) Address |
1-1-1, Ichigaya Kagacho Shinjuku-ku, |
(4) Date of establishment |
Jan 19, 1894 |
(5) Business activities |
Printing etc. |
(6) Number of employees |
10,812 |
(7) Amount of Capital |
JPY 114,464 million |
(8) Shares issued |
700,480,693 shares |
4. Schedule
(1) Execution date of the share transfer agreement |
August 9, 2012 |
(2) Closing date of the share transfer |
August 22, 2012(planned) |
5. Future Outlook
Upon completion of this transaction, NUL will be excluded from Mitsui's associated company.
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