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Mitsubishi ( (JP:8058) ) has shared an announcement.
Mitsubishi Corporation has agreed with engineering firm Chiyoda Corporation to amend the redemption terms of preferred shares it holds, as part of a broader restructuring of the financial support framework put in place in 2019. The revised terms fix the principal redemption amount at ¥76.3 billion, with total redemption including accumulated and future dividends expected to reach about ¥90 billion, to be redeemed between FY2026 and FY2028. The changes are designed to accelerate the recovery of Mitsubishi’s invested capital while strengthening Chiyoda’s financial independence, following several years in which no losses were incurred on Chiyoda’s projects under Mitsubishi’s support and after Chiyoda introduced a new medium-term management plan to reduce earnings volatility by shifting away from large overseas EPC projects. Mitsubishi will also reassess its policy on holding Chiyoda’s 86.9 million common shares, considering industry trends, capital efficiency, and Chiyoda’s independence, and the senior loan facility will be terminated upon the execution of the amended preferred share terms, which are subject to shareholder approval at Chiyoda’s June 2026 AGM.
More about Mitsubishi
Mitsubishi Corporation is a major Japanese trading and investment conglomerate active across multiple industries, including energy, infrastructure, and industrial operations. It often takes strategic equity and financing positions in partner companies to support restructuring, stabilize operations, and enhance long-term corporate value and capital efficiency within its portfolio.
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