Marubeni : Notice of a Memorandum of Understanding on a Strategic Partnership in the Real Estate Business Field between Marubeni and Dai-ichi Life Holdings, Inc.
June 03, 2024 at 11:48 am IST
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Jun. 03, 2024
Marubeni Corporation
Dai-ichi Life Holdings, Inc.
Marubeni Corporation (hereinafter, "Marubeni") and Dai-ichi Life Holdings, Inc. (hereinafter, "Dai-ichi Life HD") hereby announce that they have entered into a Memorandum of Understanding on June 3, 2024, regarding a strategic partnership in the real estate business field (hereinafter, the "MOU").
The purpose of this MOU is to promote dialogue towards the establishment of a partnership for creating new value by leveraging the business foundations of both companies in the real estate business field. Marubeni and Dai-ichi Life HD will proceed with discussions towards the establishment of a collaborative structure (hereinafter, the "Partnership"), such as the joint operation of subsidiaries engaged in various areas of the real estate business related to real estate development, real estate asset management, and property management in which both companies are involved. Please note that the business related to real estate investments and operations under the general accounts by The Dai-ichi Life Insurance Company, Limited is not included in the collaborative structure targeted for these discussions, and the details of the Partnership scheme have not been finalized at this time.
Going forward, Marubeni and Dai-ichi Life HD plan to conduct detailed considerations and discussions towards the Partnership in accordance with the spirit of equality based on this MOU, with both companies aiming to enhance their corporate value further by leveraging their management resources and know-how in the real estate business field.
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03 June 2024 and is solely responsible for the information contained therein. Distributed by
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Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
Marubeni : Notice of a Memorandum of Understanding on a Strategic Partnership in the Real Estate Business Field between Marubeni and Dai-ichi Life Holdings, Inc.
MARUBENI CORPORATION 
