The Company has decided on the early redemption of Class A preferred shares of Chiyoda Corporation, and plans to exclude the company from consolidated subsidiaries to equity-method affiliates after approval at the June 2026 Ordinary General Meeting of 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8058","jir_company_name":"Mitsubishi Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-28","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/8058-20260128-01.pdf","jir_short_summary":"The Company has decided on the early redemption of Class A preferred shares of Chiyoda Corporation, and plans to exclude the company from consolidated subsidiaries to equity-method affiliates after approval at the June 2026 Ordinary General Meeting of Shareholders.","jir_summary":"### Overview of Change\nMitsubishi Corporation has decided on the early redemption of Class A preferred shares of its consolidated subsidiary Chiyoda Corporation and plans to implement the freezing of conversion rights into common shares until the end of June 2029, conditional upon approval of the proposed amendments to the Articles of Incorporation. As a result, Chiyoda Corporation will be accounted for as an equity-method affiliate, excluded from consolidated subsidiaries. Simultaneously, Chiyoda Ex-One Engineering and CHIYODA INTERNATIONAL, subsidiaries of Chiyoda Corporation, will also be excluded from specified subsidiaries.\n\n### Outlook and Agreement Details\nThe impact on fiscal 2025 earnings from this change is expected to be minor, with the fiscal 2026 impact still under review. The redemption conditions for the preferred shares have been agreed to be fixed at 76.3 billion yen instead of linked to stock market price, with approximately 90 billion yen scale redemptions to be executed between 2026 and 2028. The senior loan facility is planned to be terminated concurrently with the execution of these preferred share condition changes. The holding policy for common shares will be reassessed going forward.","jir_financial_highlights":"Preferred Shares Redemption Amount: 76.3 billion yen (Changed from stock price linked to fixed amount)\nCumulative Unpaid Dividends: 10.5 billion yen (Unknown)\nOur Shareholding Ratio (Chiyoda Corporation): 33.46% (Scheduled to change from subsidiary to equity-method affiliate)","jir_category":"","jir_hashtags":"#MitsubishiCorporation, #CorporateRestructuring, #JapaneseStocks","jir_key_figures":"Preferred Shares Redemption Amount: 76.3 billion yen (fixed)\nCumulative Unpaid Dividends: 10.5 billion yen\nOur Shareholding Ratio (Chiyoda Corporation): 33.46%","jir_meta_title":"Mitsubishi Corporation Announces Early Redemption of Preferred Shares and Exclusion of Chiyoda Corporation from Subsidiaries","jir_meta_description":"Mitsubishi Corporation decides on early redemption of 76.3 billion yen Class A preferred shares of Chiyoda Corporation. After shareholder approval in June 2026, Chiyoda Corporation will be excluded from consolidated subsidiaries to an equity-method affiliate. Earnings impact is minor.","jir_og_title":"Mitsubishi Corporation Announces Exclusion of Chiyoda Corporation from Subsidiaries","jir_og_description":"Important notice on early redemption of preferred shares and exclusion of Chiyoda Corporation as a subsidiary. Earnings impact is minor, and future policies are under review.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6841,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-21127","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n