TOKYO, Jun 08 (Pulse News Wire) – Mitsui & CO.,LTD. (8031.T) disclosed late reporting on capital increases made to its subsidiaries MBK Homes LLC (MH) and MBK Rental Living LLC (MRL).
The increases occurred on October 06, 2023, resulting in MH and MRL's capital exceeding 10% of Mitsui & Co.'s own capital, triggering the need for disclosure. According to the disclosure, MH received an increase of $148.75 million, raising its capital to $148.75 million. Similarly, MRL received an increase of $148.75 million, bringing its total capital to $148.75 million. As a result, both companies now qualify as significant subsidiaries under regulatory requirements. For the fiscal year ending March 2026, MH reported assets of ¥72.589 billion and equity of ¥63.824 billion.
Revenue was ¥1 billion. Meanwhile, MRL reported assets of ¥72.589 billion, equity of ¥62.269 billion, and revenue of ¥2.237 billion for the same period. The company stated that these changes would not impact its consolidated performance for the fiscal year ending March 2027. Mitsui & Co. --- Note: The company advises caution regarding forward-looking statements contained within the release, which are based on assumptions and estimates subject to risks and uncertainties.
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