Mitsubishi Motors : Information Concerning Controlling Shareholders, etc.(95.2KB)

June 23, 2023

Name of company:	MITSUBISHI MOTORS CORPORATION
Representative:	Takao Kato
	Representative Executive Officer,
	President & CEO
	(7211 TSE Prime Market)
Contact:	Keiko Sasaki
	Vice President
	General Manager, IR Office
	(TEL．[phone])

Information Concerning Controlling Shareholders, etc.

MITSUBISHI MOTORS CORPORATION ("MMC") announces the information concerning controlling shareholders, etc. with regard to Nissan Motor Co., Ltd. ("Nissan") and Mitsubishi Corporation ("MC"), which are other related companies of MMC, as follows:

• Names, etc. of the parent company, controlling shareholders (excluding the parent company) and other related companies or their parent companies

(As of March 31, 2023)

Percentage of voting rights held (%)

Financial instruments

Name

Relationship

Direct

Indirect

exchanges, etc. where

Total

issued share certificates,

ownership

ownership

etc. are listed

Nissan Motor

Other

Prime Market of the

related

34.01

0.00

34.01

Co., Ltd.

Tokyo Stock Exchange

company

Mitsubishi

Other

Prime Market of the

related

20.01

0.00

20.01

Corporation

Tokyo Stock Exchange

company

• Position of the company within the corporate group of its parent company, etc. and other relationships between the company and its parent company, etc.
  Nissan is the largest shareholder of MMC with 34.01% of its voting rights, and MMC is an equity- method associate of Nissan.
  We have concluded a strategic alliance agreement with Nissan, and we will strive to increase our corporate value by pursuing synergies with Nissan in all of our business domains. In addition to mutual manufacturing and supply of products, MMC leases facilities, etc. to or from, and shares technical resources and exchanges personnel including executives with, Nissan.
  MC is a shareholder of MMC with 20.01% of its voting rights, and MMC is an equity-method associate of MC.
  We are committed to sustained enhancement of corporate value with MC at the forefront of the ongoing cooperation system of three Mitsubishi companies (MC, Mitsubishi Heavy Industries, Ltd. and MUFJ Bank, Ltd.) that have supported us in deepening our strategic alliance with Nissan.
  We believe that the independence of our management is assured because our Board of Directors and Executive Committee make their own management decisions and we execute our business activities based on such decisions.

• Transactions with controlling shareholders, etc.

(1) Transactions of MMC with related parties

Parent company and major shareholders, etc.of MMC

For the current fiscal year (from April 1, 2022 to March 31, 2023)

			Capital		Percentage of			Amount		Year-end
				voting rights,				balance
Type	Name	Location	(Millions of	Business	Relation	Transactions	(Millions of	Account item
etc. holding	(Millions of
			yen)				yen)
				(held) (%)				yen)
							Sales of		Accounts
							products, etc.	213,898	receivable -	23,215
							(*1)		trade
						Mutual sharing, etc. of
				Production and		technological resources			Electronically
Other		Yokohama-			and mutual sales of
						recorded
Nissan Motor		sales of	(Held)	products, etc.
					61,474
related	city,	605,814			obligations -
Co., Ltd.	automobiles and	Direct 34.01	Concurrent positions of
company	Kanagawa		Automobile		operating
				corporate officers
				related businesses
						parts	193,935
						Leasing of facilities, etc.
							purchasing	(*2)
							(*1)		Notes and
									accounts	25,637
									payable -
									trade

1. Transactions between the consolidated subsidiaries of MMC and related parties Parent company and major shareholders, etc.of MMC

For the current fiscal year (from April 1, 2022 to March 31, 2023)

Not applicable.

(Notes)

(*1)Terms and conditions of transactions and the policy on determination thereof: Sales prices of products, etc. are determined after examination and negotiations considering market prices and total costs.

Purchase prices of products, etc. are determined after examination and negotiations considering estimated costs, prices of current products, etc., and market prices for each product, etc.

(*2)The above amounts of transactions do not include transactions with consolidated subsidiaries via Nissan, which were eliminated in the preparation of consolidated financial statements.