Mitsubishi Corporation

Press Room

March 14, 2013
Kirin Holdings Company, Limited
Mitsubishi Corporation
Yokohama Akarenga Inc.

Kirin and Mitsubishi Corporation Agree on Partial Transfer of Yokohama Akarenga Shares

Kirin Holdings Company, Limited (Kirin) has agreed to transfer 51% of its shares in Yokohama Akarenga Inc. (Akarenga) to Mitsubishi Corporation (MC). The share transfer (21,318 of the total 30,000 shares held by Kirin) will take place in December, 2013.
 
Yokohama Akarenga Inc. was established in July 2000 with the aim of creating a lively and culturally active space in the Yokohama port area. The company renovated the Yokohama Red Brick Warehouse, Akarenga Soko, a famous historical landmark once used as Yokohama’s customs facility, and transformed it into a bustling shopping mall and restaurant complex frequented by locals and tourists alike. Customer needs have nowadays become more diverse, however, requiring that commercial establishments provide much more sophisticated services than they did before. Therefore, in an effort to provide better service to customers and contribute to the prosperity of the Yokohama port area, Kirin has decided that transferring a portion of its Akarenga shares to MC. MC’s wealth of knowledge and experience in the business will also contribute to the improvement of Akarenga’s corporate value.
 
The MC Group has demonstrated success in the property development, management, and investment business. MC will apply its expertise in commercial property development to the implementation of various measures for the further prosperity of Akarebnga.
 
Kirin will remain as a shareholder in Akarenga following the transfer of shares and will continue its efforts to help improve the Yokohama port area.
 
 
 
〔Corporate Profile〕
 
1.     Yokohama Akarenga Inc.
(1)     Head Office  : 1-2-2 Shinko, Naka-ku, Yokohama, Kanagawa, 231-0001, JAPAN
(2)     Business Activities  : Management and operation of commercial facilities at the
          Yokohama Red Brick Warehouse
(3)     Representative  : Hisaya Tsurumoto, President and Chief Executive Officer
(4)     Date Established   : July 1, 2007
(5)     Number of Employees  : 11 (as of March 1, 2013)
(6)     Capital  : 2.1 billion yen JPY
 
2.      Kirin holdings Company, Limited
(1)   Head Office  : 10-1, Shinkawa 2-Chome, Chuo-ku, Tokyo 104-8288, JAPAN  
(2)   Business Activities  : Developing Kirin group management strategies and
        overseeing their implementation
(3)    Representative  : Senji Miyake, President and Chief Executive Officer
(4)   Date Established  : Kirin Brewery Company, Limited was established on February 23, 1907. In 2007, Kirin brewery Company, Limited changed its name to Kirin Holdings Company, Limited and became a holding company of the Kirin Group.
(5)   Number of Employees  : 41,246(Consolidated basis as of December 31, 2012)
(6)   Capital  : 102 billion JPY
 
3.      Mitsubishi Corporation
(1)   Head Office  : 3-1,Marunouchi 2Chome,Chiyoda-ku,Tokyo,100-8086,JAPAN  
(2)   Business Activities  : MC has six Business Groups which develop operations in the
diverse fields of Industrial Finance, Logistics & Development; Energy; Metals; Machinery; Chemicals; and Living Essentials. In addition to these Business Groups, MC has also recently established its Business Service Group and Global Environment & Infrastructure Business Development Group.
(3)   Representative  : Ken Kobayashi, President and Chief Executive officer
(4)   Date Established   : July 1, 1954
(5)   Number of Employees  : 65,289 (Consolidated basis as of September 30, 2012)
(6)   Capital  : 204 billion JPY
 
〔Inquiry Recipient〕
Kirin Holdings Company, Limited                           TEL:03-6734-9789
Mitsubishi Corporation                                                           TEL:03-3210-2171
Yokohama Akarenga Inc.                                                     TEL:045-226-1911
 

Inquiry Recipient

Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
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