Mitsui & Co., Ltd.
Dissolution and Liquidation of U.S. Chemical Business Subsidiary
Mitsui & Co., Ltd. has decided to dissolve and liquidate its U.S. subsidiary MBWA Investment LLC. The investment amount is 77.8 million USD, and the impact on the fiscal year ending March 2026 performance is minimal.
Key Figures
- Investment Amount: 77.8 million USD
- MBWA Total Assets (Fiscal Year Ending March 2025): 11,797 million JPY
- MBWA Net Income (Fiscal Year Ending March 2025): ▲87 million JPY
AI要約
Overview of Dissolution and Liquidation
Mitsui & Co., Ltd. has decided to dissolve and liquidate MBWA Investment LLC, its 100%-owned subsidiary located in Delaware, USA. MBWA is engaged in the procurement of ethylene dichloride (EDC) and caustic soda, and investment in the chlor-alkali business company Blue Water Alliance JV LLP, with an investment amount of 77.8 million USD. The subsidiary has been recording losses continuously for the three years from 2023 to 2025.
Reason for Dissolution and Future Outlook
In response to changes in the business environment, Mitsui & Co., Ltd. and Olin Corporation jointly reviewed their management strategies and decided to dissolve and liquidate Blue Water Alliance JV LLP. Consequently, MBWA will also be dissolved and liquidated. Completion is scheduled after obtaining approvals from relevant authorities and completing necessary procedures. The losses and impact on consolidated results for the fiscal year ending March 2026 are expected to be minimal.
