• Conversion of UniCarriers Corporation into a 100% subsidiary through the additional acquisition of its shares

    Kyoto,September 29, 2016?Mitsubishi Nichiyu Forklift Co., Ltd. (the “Company,” President and CEO: Hideaki Ninomiya, Head Office: Nagaokakyo-shi, Kyoto-fu) is pleased to announce that the Company has resolved, at a meeting of its Board of Directors held today, to make an additional purchase of the shares of UniCarriers Corporation (“UniCarriers,” President and CEO: Akira Shiki, Head Office: Kawasaki-shi, Kanagawa-ken), which is an equity method affiliate of the Company, from Mitsubishi Heavy Industries Forklift & Engine Turbocharger Holdings, Ltd. (“M-FET,” President and CEO: Atsushi Maekawa, Head Office: Kawasaki-shi, Kanagawa-ken) and to change our capital investment ratio in UniCarriers to 100%, and that the Company has executed a share transfer agreement.

    (The shares transfer is scheduled to take place on January 1, 2017.) The Company will start making arrangements for the integration of business operation with UniCarriers, which the Company aims to do in October 2017.
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