Mitsubishi Paper Mills Limited [3864.T]
TOKYO, May 14 (Pulse News Wire) – Mitsubishi Paper Mills Limited (3864.T) completed the sale of shares held in its retirement trust. The company sold ordinary shares of Mitsui & Co.
Previously held in the trust, aiming to improve capital efficiency and enhance long-term corporate value. The sale was executed with the consent of the trustee and aligns with the company's goal to reduce holdings to below 20% of net assets by March 2028, as part of its mid-term management plan. A total of 6,600,000 shares were sold through this transaction.
Looking ahead, Mitsubishi Paper Mills expects the impact on its fiscal 2027 consolidated performance to be minor. The company plans to continue reviewing its asset portfolio to meet stakeholder expectations and further boost enterprise value. Post-sale, the holding ratio is expected to fall below 20% of net assets, with precise figures set to be disclosed in the first quarter results of fiscal 2027.
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