Commission Decision No. 04-M-004/2023
Proposed Joint Venture between Mitsui & Co., Ltd. and KDDI Corporation through the Merger of Mitsui & Co., Ltd’s and KDDI Corporation’s Respective Subsidiaries, Relia, Inc. and KDDI Evolva, Inc. with KDDI Evolva, Inc. as the Surviving Entity

 

Abstract:

In the proposed transaction, (i) Mitsui & Co., Ltd. (“Mitsui & Co.”) plans to make Relia, Inc. (“Relia”), which is currently an affiliated company of Mitsui & Co., a wholly-owned subsidiary of Mitsui & Co., and then (ii) Mitsui & Co. and KDDI Corporation (“KDDI”) plan to integrate Relia with KDDI Evolva, Inc. (“KDDI Evolva”), which is a wholly-owned subsidiary of KDDI, through a merger.

The Mitsui & Co. Group is a group of combined companies whose ultimate parent company is Mitsui & Co. As of March 31, 2022, the Mitsui & Co. Group has 279 consolidated subsidiary companies (78 domestic companies and 201 overseas companies) and 230 related companies (48 domestic companies and 182 overseas companies). The Mitsui & Co. Group’s main businesses include product sales, manufacturing, transportation, and financing in various fields, including iron and steel products, mineral and metal resources, energy, machinery and infrastructure, chemicals, lifestyle, and innovation and corporate development.

The Relia Group is a group of combined companies whose ultimate parent company is Relia. As of March 31, 2022, the Relia Group has 9 subsidiary companies (4 domestic companies and 5 overseas companies) and 2 related companies (1 domestic company and 1 overseas company). As of the same day, Mitsui & Co. holds 36.6% of the voting rights of Relia. The Relia Group’s main businesses include contact center business and back office business.

The KDDI Group is a group of combined companies whose ultimate parent company is KDDI. As of March 31, 2022, the KDDI Group has 159 consolidated subsidiary companies (102 domestic companies and 57 overseas companies) and 38 related companies (31 domestic companies and 7 overseas companies). The KDDI Group provides telecommunications services, life design services and ICT solutions, data center, and other services.

KDDI Evolva is KDDI’s wholly-owned subsidiary and has no subsidiaries or related companies. KDDI Evolva’s major business fields are contact solutions, IT solutions and various services, including human resources dispatch and telegram services.

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