Mitsubishi Motors : Information Concerning Controlling Shareholders, etc.(162KB)

June 24, 2021

Name of company:	MITSUBISHI MOTORS CORPORATION
Representative:	Takao Kato
	Representative Executive Officer,
	President & CEO
	(7211 TSE 1st section)
Contact:	Keiko Sasaki
	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. and Mitsubishi Corporation, which are other related companies of MMC, as follows:

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

(As of March 31, 2021)

Percentage of voting rights held (%)

Financial instruments

Name

Relation-

Direct

Indirect

exchanges, etc. where

ship

Total

issued share certificates,

ownership

ownership

etc. are listed

Nissan Motor

Other

First Section of the

related

34.03

0.00

34.03

Co., Ltd.

Tokyo Stock Exchange

company

Mitsubishi

Other

First Section of the

related

20.02

0.00

20.02

Corporation

Tokyo Stock Exchange

company

2 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 Motor Co., Ltd. ("Nissan") is the largest shareholder of MMC with 34.03% 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.

Mitsubishi Corporation is a shareholder of MMC with 20.02% of its voting rights, and MMC is an equity-method associate of Mitsubishi Corporation.

We are committed to sustained enhancement of corporate value with Mitsubishi Corporation at the forefront of the ongoing cooperation system of three Mitsubishi companies (Mitsubishi Corporation, 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.

3 Matters concerning transactions with controlling shareholders, etc. For the current fiscal year (from April 1, 2020 to March 31, 2021)

Percentage

Year-

Capital

of voting

Description

Amount

Account

end

Type

Name

Location

(Millions

Business

rights, etc.

Relation

of

(Millions

balance

title

of yen)

holding

transactions

of yen)

(Millions

(held) (%)

of yen)

Sales of

186,853

Accounts

Mutual sharing

products, etc.

receivable -

21,664

of technical

(*2)

trade

Automobile

resources, etc.

and mutual sale

Electronically

Other

Yokohama

assembly,

Nissan Motor

(Held)

of products,

recorded

related

-shi,

605,814

sales and

44,439

Co., Ltd.

Direct 34.03

etc.

obligations -

company

Kanagawa

related

Purchase of

Interlocking

operating

business

146,773

directorates

parts

(*3)

Notes and

Leasing of

(*2)

equipment, etc.

accounts

18,405

payable -

trade

(Notes)

1. In the table above, the amount of transactions does not include consumption taxes and the year-end balance includes consumption taxes.

*2. Terms and conditions of transactions and a policy on determination thereof: Selling prices of products, etc. are determined as a result of studies and negotiations taking market prices and total costs into consideration.

Purchase prices of products, etc. are determined as a result of studies and negotiations based on the estimated costs quoted, prices of existing products, etc. and market prices of products, etc.

*3. The amount of transactions does not include transactions with consolidated subsidiaries via Nissan which are eliminated to prepare consolidated financial statements.