Information

Information

Transfer by Kirin Holdings of All Shares in Kirin Kyowa Foods to Mitsubishi Corporation

As a Core Company in Mitsubishi Corporation's Food Science Business, Aiming for Global Expansion while Retaining Domestic Business Stronghold

March 18, 2013

We hereby announce that our parent company Kirin Holdings Company, Limited has concluded a share transfer agreement with Mitsubishi Corporation for the phased transfer of all shares held by Kirin Holdings in the Kirin Kyowa Foods Company, Limited to Mitsubishi Corporation. The share transfer will take place in two stages, with approximately 81% of the shares being transferred on July 1, 2013 and the remainder being transferred on January 1, 2015.

As a wholly-owned subsidiary of Kirin Holdings, Kirin Kyowa Foods has developed the seasonings and food ingredient business focusing on natural seasonings (yeast extract, amino acid and other extracts), brewed seasonings, "umami" seasonings/flavor enhancers and bakery materials. Mitsubishi Corporation positions its food science business including seasonings and food ingredients as a strategic investment, and is developing its business strengths in the sweetener, seasonings and fermentation areas domestically and overseas.

While Kirin Holdings and Mitsubishi Corporation foresee continued tough conditions for the seasonings and food ingredient market, the two companies have agreed to the transfer of Kirin Kyowa Foods' business to Mitsubishi Corporation, which has strengths in the expanding global market, judging that they will be able to conduct diverse development and aim for further growth of the food science business through allocation of management resources to this area and broad business cooperation.

In its 2013 Medium-term Business Plan, Kirin Kyowa Foods asserts that it will "Promote a value-added approach in the processed foods and bakery materials businesses" and "Strengthen overseas operations and the ready-to-eat and restaurant businesses that it positions as growth areas." We believe that through cooperation with Mitsubishi Corporation and its affiliates, which have a strong global network, our business will be able to refine its research and development and technological strength to support a marketing approach which offers increased value to customers, and achieve further expansion of the food science business in Japan and abroad.

Inquiries regarding this notice:

Corporate Administration Department, Kirin Kyowa Foods Company, Limited
TEL: 03-6719-1300
FAX: 03-6719-1380
www.kirinkyowa-foods.co.jp/

1. Overview of This Share Transfer
(1) Target Kirin Kyowa Foods Company, Limited
(2) Transferor Kirin Holdings Company, Limited
(3) Transferee Mitsubishi Corporation
(4) Transfer Method Transfer of Kirin Kyowa Foods shares from Kirin Holdings to Mitsubishi Corporation through a share transfer agreement
(5) Number of Shares Transferred 1,354 shares (total shares outstanding)

(6) Schedule
Conclusion of Share Transfer Agreement March 18, 2013
1st Share Transfer (approximately 81% of total shares outstanding) July 1, 2013
2nd Share Transfer (remaining shares) January 1, 2015 (schedule)
2. Scheme for Share Transfer to Mitsubishi Corporation (from July 1, 2013)

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Overview of Companies

1. Kirin Kyowa Foods Company, Limited

(1) Company Name Kirin Kyowa Foods Company, Limited
(2) Location 2-2-8 Higashi Shinagawa, Shinagawa-ku, Tokyo
(3) Representative Soichiro Katsura, Representative Director and President
(4) Business Activities Manufacture, sale, import and export of natural seasonings, brewed seasonings, "umami" seasonings, quality-improving agents, yeast-related ingredients, sweeteners, bakery materials, processing liquors and other food ingredients.
(5) Capital 3,000 million yen
(6) Date Established April 1, 2005
(7) Major Shareholders and Shareholdings Ratio Kirin Holdings Company, Limited (100%)

2. Overview of Mitsubishi Corporation

(1) Company Name Mitsubishi Corporation
(2) Location 3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo
(3) Representative Ken Kobayashi, President and Chief Executive Officer
(4) Business Activities Mitsubishi Corporation has six diverse Business Groups, namely Industrial Finance, Logistics & Development, Energy, Metals, Machinery, Chemicals, and Living Essentials, as well as two further divisions, the Business Service Group and the Global Environment & Infrastructure Business Development Group.
(5) Capital 204,447 million yen
(6) Date Established April 1, 1950
(7) Consolidated Net Assets 3,828,287 million yen (end March 2012)
(8) Total Consolidated Assets 12,588,513 million yen (end March 2012)

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