It has been learned that Mitsubishi Corporation, a major trading company, is considering selling its stake in the Japanese corporation that operates Kentucky Fried Chicken.
The company plans to begin bidding soon to select a buyer for its 35% stake.
Mitsubishi Corporation established a Japanese corporation in 1970 with a 50-50 split with Kentucky Fried Chicken of the United States, and still holds 35% of the shares as the company's largest shareholder.
This Japanese subsidiary has continued to perform well, with annual sales of nearly 100 billion yen last fiscal year, but according to sources, Mitsubishi Corporation is considering selling its shares. about it.
The company plans to begin bidding to select a buyer soon, and multiple companies are expected to bid.
After that, we will conduct a detailed review, including deciding whether to sell or not.
This month, Mitsubishi Corporation is reviewing and strengthening its business, including announcing that it will jointly manage its affiliated convenience store chain Lawson with major telecommunications company KDDI.
Mitsubishi Corporation commented, ``We are constantly considering growth strategies for group companies, but no decisions have been made.''