TOKYO, Mar 10 (Pulse News Wire) – Mitsubishi Paper Mills Limited (3864.T) announced today that it had sold 3,000,000 shares of Mitsui & Co. common stock held in its retirement trust fund, with the approval of the trustee.
The sale was part of the company's strategy to reduce its holdings of equity securities below a certain threshold relative to net assets by March 2028, as outlined in its mid-term business plan disclosed on February 13, 2026. According to the plan, the target is to bring the total holdings of equities, including those deemed equivalent, below a ratio of 20% percent of net assets during the current mid-term planning period. This divestiture represents a step towards achieving the company’s governance goals based on the Corporate Governance Code.
The impact on Mitsubishi Paper Mills' consolidated performance for the fiscal year ending March 2026 is expected to be minor. In addition to the sale of Mitsui & Co. shares, the company continues to monitor and adjust its portfolio to align with its long-term strategic objectives.
The move underscores the company's commitment to maintaining robust corporate governance standards while optimizing its asset allocation.
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