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Notice Concerning Change in Specified Subsidiary
Mitsubishi Corporation (the "Company") has been considering an organizational restructuring in connection with its review of the ownership structure for the LNG Canada project, in which the Company participates. Today, all conditions relating to the operation of the project following the restructuring were satisfied, and the operating structure was finalized. As a result, the stated capital of DT LNG Canada Partnership ("DTP"), a consolidated subsidiary of the Company, has become equivalent to 10% or more of the Company's stated capital, and DTP has therefore become a specified subsidiary of the Company. The Company hereby announces the details as follows.
1. Overview of the subsidiary subject to change
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(1) |
Name |
DT LNG Canada Partnership |
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(2) |
Location |
4500, 855 - 2nd Street S.W. Calgary, Alberta T2P 4K7 Canada |
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(3) |
Job title and name of representative |
General Partner: Diamond LNG Canada Ltd.( "DLC") (Representative: Kentaro Toyokawa, President and Representative Director) |
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(4) |
Description of business |
Investment in and management of the LNG Canada project |
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(5) |
Share capital |
USD 3,027million |
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(6) |
Date of establishment |
October 30, 2026 |
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(7) |
Major shareholder and ownership ratio |
DLC, a wholly owned subsidiary of the Company: 93.4%, etc. |
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(8) |
Relationship between the Company and the subsidiary |
Capital relationship |
93.4% through DLC, a wholly owned subsidiary of the Company |
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Personnel relationship |
Not applicable |
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Business relationship |
Not applicable |
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(9) |
Financial position and operating results for the immediately preceding fiscal year |
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Not applicable |
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2. Outlook
The impact of this change on the Company's operating results and financial position is expected to be immaterial.
On November 2, 2026, Mitsubishi Corporation announced that DT LNG Canada Partnership (DTP) became a specified subsidiary of the company following an organizational restructuring of the LNG Canada project. DTP was established on October 30, 2026, with a share capital of USD 3,027 million, which represents 10% or more of Mitsubishi Corporation's stated capital. Mitsubishi Corporation holds a 93.4% interest in DTP through its wholly owned subsidiary, Diamond LNG Canada Ltd.
| Date | 2 Nov 2026 |
| Time | 08:55:16 |
| Category | Miscellaneous |
| ID | 3878B |