Mitsubishi Corporation established a Japanese corporation in 1970 with a 50-50 split with Kentucky Fried Chicken of the United States. The company plans to begin bidding to select a buyer soon, and multiple companies are expected to bid.
This month, Mitsubishi Corp. is reviewing and strengthening its business, including announcing that it will jointly manage its affiliated convenience store chain Lawson with major telecommunications company KDDI. The Japanese subsidiary has continued to perform well, with annual sales of nearly 100 billion yen last fiscal year.