June 3, 2020
To Whom It May Concern
Company
Mitsubishi Logisnext Co., Ltd.
Representative Takashi Mikogami, President and Chief Executive Officer(Ticker: 7105, First Section of the Tokyo Stock Exchange)
Contact
Yasuji Nakamura,
General Manager of General Affairs Division, the Administration
Headquarters(TEL:075-951-7171)
Notice Concerning the Conclusion of an Absorption-Type Split Agreement for the Split among Consolidated Subsidiaries and of a
Merger Agreement for an Absorption-Type Merger of Consolidated Subsidiaries (Simplified and Short Form Absorption-Type Merger)
for the Purpose of Reorganizing Sales Subsidiaries

The Company announced that, pursuant to the "Notice Concerning Policy Decisions on Changes in Consolidated Subsidiaries (Incorporation),
Absorption-Type Split of Consolidated Subsidiaries, and Reorganizing of Sales Subsidiaries through an Absorption-Type Merger ofConsolidated Subsidiaries" announced on January 16, 2020, it would establish nine subsidiaries (hereinafter referred to as the "nine split
preparation companies") on May 15, 2020 and have the nine split preparation companies succeed all businesses other than real estate
management of the 11 domestic sales companies, the Company’s consolidated subsidiaries (hereinafter referred to as the "11 domestic sales
companies"), by way of a merger-type split (hereinafter referred to as the "company split"), and determined a plan for reorganization of the sales
subsidiaries as the Company absorbs the 11 domestic sales companies (hereinafter referred to as the "merger") provided that the company split
takes effect. At a board meeting held today, the Company determined to conclude a merger-type split agreement for the company split among the
11 domestic sales subsidiaries and the nine split preparation companies and to conclude a merger agreement for the absorption-type merger
between the Company and the 11 domestic sales subsidiaries with October 1, 2020 (scheduled) as an effective date, and these agreements weresigned as of today.
Since the company split is an absorption-type split between the wholly-owned subsidiaries of the Company and the merger is a simplified/shortform absorption-type merger between the Company and its wholly-owned subsidiaries, we omit certain disclosure items and details.
Note

I.

About the Company Split

1. Purpose
After the integration of Unicarriers Corporation by means of a company split on October 1, 2017, we have maintained two sales networks,
the former Nichiyu Mitsubishi and the former Unicarriers, due to differences in the models and products offered in Japan. However,byreorganizing of sales distribution channels with this company split and integrating two groups, we would like to build a stronger sales
network. In overwrapped areas, we will be able to conduct more efficient way of offering our products, services and personalized offerings
to our customers by streamlining our sales/service framework.

2. Overview of the company split
(1)

(2)

Schedule of the company split
Conclusion of the absorption-type company split agreement

June 3, 2020

Scheduled date of the implementation of the absorption-type split (effective date)

October 1, 2020 (scheduled)

Method of the company split
This is an absorption-type split with the nine split preparation companies as successor companies and the 11 domestic sales companies as
splitting companies.

(3)

Allotment concerning the company split
As the company split will be effected between the wholly-owned subsidiaries of the Company, we will not provide cash or other1

consideration for the company split.

(4)

Rights and obligations succeeded to by the successor companies
The nine split preparation companies shall succeed to the assets, debts and other rights and obligations held by the 11 domestic sales
companies in connection with their businesses other than real estate management on the effective date of the company split.

(5)

Increase or decrease in capital due to the company split
There is no increase or decrease in the capital stock due to the company split.

(9) Logisnext Kyushu Co., Ltd. (Kyushu area)(8) Logisnext Shikoku Co., Ltd. (Shikoku area)(7) Logisnext Chugoku Co., Ltd. (Chugoku area)(6) Logisnext Kinki Co., Ltd. (Kinki area)(5) Logisnext Chubu Co., Ltd. (Chubu area)(4) Logisnext Tokyo Co., Ltd. (Metropolitan area)(3) Logisnext Kanshinetsu Co., Ltd. (Northern Kanto and Shinetsu areas)(2) Logisnext Tohoku Co., Ltd. (Tohoku area)(10) Logisnext Kyushu Co., Ltd.
Kyushu Office

Shikoku Office(9) Logisnext Shikoku Co., Ltd.

(8) Logisnext Chugoku Co., Ltd.
Chugoku Office(7) Logisnext Kinki Co., Ltd.

(6) Logisnext Chubu Co., Ltd.
Kansai Office(5) Logisnext Shizuoka Co., Ltd.
Chubu Office(4) Logisnext Shinetsu Co., Ltd.
Kanto Office(3) Logisnext Tokyo Co., Ltd.

(2) Logisnext Tohoku Co., Ltd.
Tohoku Office(11) Logisnext
Unicarriers Co., Ltd.

Mitsubishi Logisnext(1) Logisnext Hokkaido Co., Ltd. (Hokkaido area)<Afterreorganization>

Mitsubishi Logisnext(1) Logisnext Hokkaido Co., Ltd.

<Current>

3. Situation after the company split (Note 1)(1) Name(2) Address(3) Title and name of therepresentative(4) Businesses(5) Capital stock(6) Date of incorporation(7) Major shareholders(investors) andshareholding (investment)
ratio(1) Name(2) Address(3) Title and name of therepresentative(4) Businesses(5) Capital stock(6) Date of incorporation(7) Major shareholders(investors) andshareholding (investment)
ratio

Successor company(Split preparation company) (1)Logisnext Hokkaido Co., Ltd. (Note 2)
6-3-1 Ryutsu Center, Shiroishi-ku,
Sapporo-shi, Hokkaido (Note 3)

Successor company
Successor company(Split preparation company) (2)(Split preparation company) (3)Logisnext Tohoku Co., Ltd. (Note 2)
Logisnext Kanshinetsu Co., Ltd. (Note 2)
3-2-8 Oroshimachi-higashi,
1-8-19 Akebono-cho, Konan-ku, NiigataWakabayashi-ku, Sendai-shi, Miyagi
shi, Niigata (Note 3)(Note 3)
Hirokazu Watanabe, President and Chief
Hirokazu Watanabe, President andHirokazu Watanabe, President and Chief
Executive Officer (Note 4)
Chief Executive Officer (Note 4)
Executive Officer (Note 4)
Sales of and services for logistics system products such as battery forklifts, engine forklifts, container carriers, transfer cranes, civilengineering and construction equipment, transport robots, automated warehouses and the WMS*
*WMS: Warehouse Management System
15 million yen
May 15, 2020

Mitsubishi Logisnext Co., Ltd. 100%

Successor company(Split preparation company) (4)Logisnext Tokyo Co., Ltd. (Note 2)
6-1-1 Heiwajima, Ota-ku, Tokyo (Note 3)

Successor company
Successor company(Split preparation company) (5)(Split preparation company) (6)Logisnext Chubu Co., Ltd. (Note 2)
Logisnext Kinki Co., Ltd. (Note 2)
1-52 Shinyoshi-cho, Nakagawa-ku,
35-2 Dainichi-higashimachi,
Nagoya-shi, Aichi (Note 3)
Moriguchi-shi, Osaka (Note 3)
Hirokazu Watanabe, President and Chief
Hirokazu Watanabe, President andHirokazu Watanabe, President andExecutive Officer (Note 4)
Chief Executive Officer (Note 4)
Chief Executive Officer (Note 4)
Sales of and services for logistics system products such as battery forklifts, engine forklifts, container carriers, transfer cranes,
civil engineering and construction equipment, transport robots, automated warehouses and the WMS*
*WMS: Warehouse Management System
15 million yen
May 15, 2020

Mitsubishi Logisnext Co., Ltd. 100%2

(1) Name(2) Address(3) Title and name of therepresentative(4) Businesses

Successor company
Successor company
Successor company(Split preparation company) (7)(Split preparation company) (8)(Split preparation company) (9)Logisnext Chugoku Co., Ltd. (Note 2)
Logisnext Shikoku Co., Ltd. (Note 2)
Logisnext Kyushu Co., Ltd. (Note 2)
4-6-61 Kanon-shinmachi, Nishi-ku,
1645-1 Mimaya-cho, Takamatsu-shi,
1-38-24 Kanenokuma, Hakata-ku,
Hiroshima-shi, Hiroshima (Note 3)
Kagawa (Note 3)
Fukuoka-shi, Fukuoka (Note 3)
Hirokazu Watanabe, President and Chief
Hirokazu Watanabe, President andHirokazu Watanabe, President andExecutive Officer (Note 4)
Chief Executive Officer (Note 4)
Chief Executive Officer (Note 4)
Sales of and services for logistics system products such as battery forklifts, engine forklifts, container carriers, transfer cranes,
civil engineering and construction equipment, transport robots, automated warehouses and the WMS*
*WMS: Warehouse Management System
15 million yen
May 15, 2020

(5) Capital stock(6) Date of incorporation(7) Major shareholders(investors) and
Mitsubishi Logisnext Co., Ltd. 100%
shareholding (investment)
ratio(Note 1) As mentioned in "II. The Merger" below, the 11 domestic sales companies that are splitting companies after the company split will be absorbed as ofthe scheduled effective date (October 1, 2020) as a result of the absorption-type merger with the Company as a surviving company and these 11
companies as absorbed companies.
(Note 2) The names of the nine split preparation companies that are successor companies after the company split will be changed from Logisnext Hokkaido
Split Preparation Co., Ltd., Logisnext Tohoku Split Preparation Co., Ltd., Logisnext Kanshinetsu Split Preparation Co., Ltd., Logisnext Tokyo Split
Preparation Co., Ltd., Logisnext Chubu Split Preparation Co., Ltd., Logisnext Kinki Split Preparation Co., Ltd., Logisnext Chugoku Split Preparation
Co., Ltd., Logisnext Shikoku Split Preparation Co., Ltd., and Logisnext Kyushu Split Preparation Co., Ltd as of October 1, 2020 (scheduled), provided
that the company split and the merger take effect.
(Note 3) The locations of the nine split preparation companies have not yet been determined after the company split and the reorganization of sales subsidiaries(hereinafter referred to as the "reorganization of sales subsidiaries") as a result of the merger that will take effect on October 1, 2020 (scheduled).
(Note 4) The representatives of the nine companies will be changed after the reorganization of the sales subsidiaries.

II. The Merger
1. Purpose
By shifting the real estate management to the Company, the nine domestic sales companies, which will be newly established as a result of theincorporation of the nine split preparation companies and the company split, will be able to specialize in sales and services, their primarybusiness.

2. Overview of the merger(1)

Schedule of the merger
Date of the board resolution for approval of the absorption-type merger agreement

June 3, 2020

Conclusion of the absorption-type merger agreement

June 3, 2020

Scheduled date of the implementation of the absorption-type merger (effective date)

October 1, 2020 (scheduled)(Note)(2)

Since the merger falls under the category of a simplified merger as prescribed in Article 796, Paragraph 2 of the Companies Act for the Company and ashort form merger as prescribed in Article 784, Paragraph 1 of the Companies Act for the 11 domestic sales companies, we will not hold a general
meeting of shareholders for approval of the absorption-type merger agreement of the respective companies.

Method of the merger
This is an absorption-type merger with the Company as a surviving company and the 11 domestic sales companies after the company split
as absorbed companies.

(3)

Allotment concerning the merger
As the merger will be effected between the parent company and its wholly-owned subsidiaries, we will not provide cash or otherconsideration for the merger.

3

(4)

Handling of share warrants and bonds with warrants of absorbed companies
Not applicable

3. Overview of the companies involved in the merger (As of March 31, 2020)
(1)
(2)

Name
Address(3)

Title and name of therepresentative
Businesses

(4)

(5)
(6)
(7)

Capital stock
Date of incorporation
Number of shares
outstanding

(8)
(9)

Closing date
Major shareholders(investors) andshareholding (investment)
ratio
Financial position andoperating results for theprevious fiscal year
Net assets
Total assets
Net assets per share
Net sales
Operating income
Ordinary income
Profit attributable toshareholders of the parent
company
Net income per share(10)

Surviving company
Mitsubishi Logisnext Co., Ltd.
2-1-1 Higashi-kotari, Nagaokakyo-shi, Kyoto
Takashi Mikogami, President and Chief Executive
OfficerDevelopment, design, manufacturing and sales oflogistics system products such as battery forklifts,
engines forklifts, transport robots, automatedwarehouses and LAN, and civil engineering andconstruction equipment, agricultural and forestry
machinery, electric cars, monorails, industrial
engines and transmissions
4,904 million yen
July 31, 1937
Common stock: 106,536,013 sharesClass A shares: 0 shares
Total: 106,536,013 shares
March 31
Mitsubishi Heavy Industries Forklift, Engine &Turbocharger Holdings, Ltd.
Common stock: 64.68%

Absorbed company (1)Logisnext Hokkaido Co., Ltd.
6-3-1 Ryutsu Center, Shiroishi-ku, Sapporo-shi,
Hokkaido
Norio Kinoshita, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
40 million yen
September 14, 1972
240,000 shares

Mitsubishi Logisnext Co., Ltd. 100%

(Year ended March 2020)
57,326 million yen (Consolidated)
373,640 million yen (Consolidated)
515.15 yen (Consolidated)
448,918 million yen (Consolidated)
8,437 million yen (Consolidated)
7,045 million yen (Consolidated)-48 million yen
1,244 million yen-200.47 yen
2,622 million yen
76 million yen
75 million yen-5,243 million yen (Consolidated)

57 million yen-49.24 yen (Consolidated)

240.59 yen

4

(1)
(2)

Name
Address(3)

Title and name of therepresentative
Businesses

(4)

(5)
(6)
(7)
(8)
(9)

(10)

Capital stock
Date of incorporation
Number of shares
outstanding
Closing date
Major shareholders(investors) andshareholding (investment)
ratio
Financial position andoperating results for theprevious fiscal year
Net assets
Total assets
Net assets per share
Net sales
Operating income
Ordinary income
Profit attributable toshareholders of the parent
company
Net income per share

Absorbed company (2)Logisnext Tohoku Co., Ltd.
3-2-8 Oroshimachi-higashi, Wakabayashi-ku,
Sendai-shi, Miyagi
Masanori Takeuchi, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
45 million yen
September 17, 1991
900 shares

Absorbed company (3)Logisnext Tokyo Co., Ltd.
6-1-1 Heiwajima, Ota-ku, Tokyo
Hiroshi Kusaba, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
70 million yen
October 18, 1967
1,505,401 shares

March 31

Mitsubishi Logisnext Co., Ltd. 100%

(Year ended March 2020)
1,013 million yen
3,365 million yen
1,126,585.96 yen
5,623 million yen
244 million yen
248 million yen-198 million yen
12,232 million yen-132.17 yen
27,050 million yen
560 million yen
573 million yen

196 million yen

464 million yen

217,877.35 yen

308.31 yen

5

(1)
(2)

Name
Address(3)

Title and name of therepresentative
Businesses

(4)

(5)
(6)
(7)
(8)
(9)

(10)

Capital stock
Date of incorporation
Number of shares
outstanding
Closing date
Major shareholders(investors) andshareholding (investment)
ratio
Financial position andoperating results for theprevious fiscal year
Net assets
Total assets
Net assets per share
Net sales
Operating income
Ordinary income
Profit attributable toshareholders of the parent
company
Net income per share

Absorbed company (4)Absorbed company (5)Logisnext Shinetsu Co., Ltd.
Logisnext Shizuoka Co., Ltd.
1-8-19 Akebono-cho, Konan-ku, Niigata-shi, Niigata 7-8-1 Magarikane, Suruga-ku, Shizuoka-shi,
Shizuoka
Mitsunobu Sato, President and Chief Executive
Masaki Yamada, President and Chief Executive
Officer
Officer
Sales of and services for logistics system products
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, containersuch as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andcarriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
construction equipment, transport robots,
automated warehouses and the WMS* *WMS:
automated warehouses and the WMS* *WMS:
Warehouse Management System
Warehouse Management System
40 million yen
25 million yen
April 5, 1979
February 12, 1969
80,000 shares
2,500 shares
March 31

Mitsubishi Logisnext Co., Ltd. 100%

(Year ended March 2020)
274 million yen
1,024 million yen
3,427.81 yen
2,441 million yen
87 million yen
88 million yen-7 million yen
1,235 million yen-2,834.99 yen
2,389 million yen
40 million yen
39 million yen

55 million yen

30 million yen

696.03 yen

12,053.53 yen

6

(1)
(2)

Name
Address(3)

Title and name of therepresentative
Businesses

(4)

(5)
(6)
(7)
(8)
(9)

(10)

Capital stock
Date of incorporation
Number of shares
outstanding
Closing date
Major shareholders(investors) andshareholding (investment)
ratio
Financial position andoperating results for theprevious fiscal year
Net assets
Total assets
Net assets per share
Net sales
Operating income
Ordinary income
Profit attributable toshareholders of the parent
company
Net income per share

Absorbed company (6)Logisnext Chubu Co., Ltd.
1-52 Shinyoshi-cho, Nakagawa-ku, Nagoya-shi,
Aichi
Naohisa Fujisaki, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
60 million yen
September 1, 1972
326,000 shares

Absorbed company (7)Logisnext Kinki Co., Ltd.
2-3-13 Chibune, Nishiyodogawa-ku, Osaka-shi,
Osaka
Shuji Iio, President and Chief Executive Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
70 million yen
September 17, 1966
677,979 shares

March 31

Mitsubishi Logisnext Co., Ltd. 100%

(Year ended March 2020)
1,508 million yen
5,778 million yen
4,628.35 yen
11,168 million yen
475 million yen
485 million yen-235 million yen
7,742 million yen-347.01 yen
17,606 million yen
554 million yen
551 million yen

321 million yen

452 million yen

984.92 yen

667.79 yen

7

(1)
(2)

Name
Address(3)

Title and name of therepresentative
Businesses

(4)

(5)
(6)
(7)
(8)
(9)

(10)

Capital stock
Date of incorporation
Number of shares
outstanding
Closing date
Major shareholders(investors) andshareholding (investment)
ratio
Financial position andoperating results for theprevious fiscal year
Net assets
Total assets
Net assets per share
Net sales
Operating income
Ordinary income
Profit attributable toshareholders of the parent
company
Net income per share

Absorbed company (8)Logisnext Chugoku Co., Ltd.
4-6-61 Kanon-shinmachi, Nishi-ku, Hiroshima-shi,
Hiroshima
Hiroshi Obata, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
40 million yen
October 17, 1964
300,000 shares

Absorbed company (9)Logisnext Shikoku Co., Ltd.
1645-1 Mimaya-cho, Takamatsu-shi, Kagawa
Tsukasa Abe, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
23 million yen
May 7, 1969
266,000 shares

March 31

Mitsubishi Logisnext Co., Ltd. 100%

(Year ended March 2020)
525 million yen
3,830 million yen
1,751.39 yen
8,077 million yen
259 million yen
275 million yen

226 million yen
1,664 million yen
851.94 yen
3,280 million yen
150 million yen
151 million yen

181 million yen

95 million yen

606.00 yen

359.64 yen

8

(1)
(2)

Name
Address(3)

Title and name of therepresentative
Businesses

(4)

(5)
(6)
(7)
(8)
(9)

(10)

Capital stock
Date of incorporation
Number of shares
outstanding
Closing date
Major shareholders(investors) andshareholding (investment)
ratio
Financial position andoperating results for theprevious fiscal year
Net assets
Total assets
Net assets per share
Net sales
Operating income
Ordinary income
Profit attributable toshareholders of the parent
company
Net income per share

Absorbed company (10)Logisnext Kyushu Co., Ltd.
1-38-24 Kanenokuma, Hakata-ku, Fukuoka-shi,
Fukuoka
Hiroshi Matsushita, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
36 million yen
June 10, 1969
152,000 shares

Absorbed company (11)Logisnext Unicarriers Co., Ltd.
35-2 Dainichi-higashimachi, Moriguchi-shi, Osaka
Yoichi Yamaguchi, President and Chief Executive
Officer
Sales of and services for logistics system products
such as battery forklifts, engine forklifts, container
carriers, transfer cranes, civil engineering andconstruction equipment, transport robots,
automated warehouses and the WMS* *WMS:
Warehouse Management System
90 million yen
February 17, 1949
377,500 shares

March 31

Mitsubishi Logisnext Co., Ltd. 100%

(Year ended March 2020)
455 million yen
4,243 million yen
2,997.43 yen
9,025 million yen
208 million yen
219 million yen

11,391 million yen
37,960 million yen
30,177.38 yen
67,995 million yen
1,845 million yen
1,892 million yen

144 million yen

1,251 million yen

951.72 yen

3,314.06 yen

4. Situation after the merger
There will be no change in the trade name, address, title and name of the representative, businesses, capital stock, number of shares outstanding
and closing date of the Company as a result of the merger.

III. Future Outlook
The effect of this event on the consolidated results is currently under review, and we will make an announcement as soon as any matter to bedisclosed becomes clear.
End of the document9