# EDGAR Filing Document

**Accession Number:** 0000877197
**File Stem:** 0001213900-23-011027
**Filing Date:** 2023-2
**Character Count:** 10696
**Document Hash:** 3e1db5188fb55d932f607fe7330d583c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-011027.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001213900-23-011027

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**GROUP MEMBERS**: METAL ONE CORP

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRIEDMAN INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000039092
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
- **IRS NUMBER:** 741504405
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-17968
- **FILM NUMBER:** 23621897

**BUSINESS ADDRESS:**
- **STREET 1:** 1121 JUDSON RD
- **STREET 2:** SUITE 124
- **CITY:** LONGVIEW
- **STATE:** TX
- **ZIP:** 75601
- **BUSINESS PHONE:** 9037583431

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2192
- **CITY:** LONGVIEW
- **STATE:** TX
- **ZIP:** 75606
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MITSUBISHI CORP
- **CENTRAL INDEX KEY:** 0000877197
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 6-3 MARUNOCHI 2-CHOME
- **STREET 2:** CHIYODA-KU TOKYO
- **CITY:** 100-8086 JAPAN
- **STATE:** M0
- **ZIP:** 00000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 1)\***

**Friedman Industries Incorporated**

(Name of Issuer)

**Common Stock, $1 par value**

(Title of Class of Securities)

**358435105**

(CUSIP Number)

**December 31, 2022**

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 358435105

**1.** **NAME OF REPORTING PERSON:** Metal One Corporation

**2.** **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:** (a) ☐ (b) ☐

**3.** **SEC USE ONLY:** 

**4.** **CITIZENSHIP OR PLACE OF ORGANIZATION:** Japan

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| | | |
|:---|:---|:---|
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **5.** | **SOLE VOTING POWER:**<br>0 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **6.** | **SHARED VOTING POWER:**<br>516,041 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **7.** | **SOLE DISPOSITIVE POWER:**<br>0 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **8.** | **SHARED DISPOSITIVE POWER:**<br>516,041 |

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**9.** **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:** 516,041

**10.** **CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:** ☐

**11.** **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):** 7.0%

**12.** **TYPE OF REPORTING PERSON:** CO

CUSIP No. 358435105

**1.** **NAME OF REPORTING PERSON:** Mitsubishi Corporation

**2.** **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:** (a) ☐ (b) ☐

**3.** **SEC USE ONLY:** 

**4.** **CITIZENSHIP OR PLACE OF ORGANIZATION:** Japan

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| | | |
|:---|:---|:---|
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **5.** | **SOLE VOTING POWER:**<br>0 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **6.** | **SHARED VOTING POWER:**<br>516,041 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **7.** | **SOLE DISPOSITIVE POWER:**<br>0 |
| **NUMBER OF<br> SHARES<br> BENEFICIALLY<br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH:** | **8.** | **SHARED DISPOSITIVE POWER:**<br>516,041 |

---

**9.** **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:** 516,041

**10.** **CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:** ☐

**11.** **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):** 7.0%

**12.** **TYPE OF REPORTING PERSON:** CO

SCHEDULE 13G (Amendment No. 1)

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| | |
|:---|:---|
| **Item 1(a).** | **Name of Issuer:**<br>Friedman Industries, Incorporated  |
| **Item 1(b).** | **Address of Issuer's Principal Executive Offices:**<br>1121 Judson Road, Suite 124<br> Longview, Texas 75601 |
| **Item 2(a).** | **Name of Person Filing:**<br>This Amendment No. 1 to Schedule 13G is filed by Metal One Corporation and Mitsubishi Corporation.<br>The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. |
| **Item 2(b).** | **Address of Principal Business Office or, if none, Residence:**<br>The address of the principal executive office of Metal One Corporation is 7-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-7032, Japan. The address of the principal executive office of Mitsubishi Corporation is 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8086, Japan.  |
| **Item 2(c).** | **Citizenship:**<br>Metal One Corporation is a Japanese corporation. Mitsubishi Corporation is a Japanese corporation. |
| **Item 2(d).** | **Title of Class of Securities:**<br>Common Stock, $1 par value per share (the "Common Stock")  |
| **Item 2(e).** | **CUSIP Number:**<br>358435105  |
| **Item 3.** | **If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); and

(k) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

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| | |
|:---|:---|
| **Item 4.** | **Ownership:**<br>The information requested hereinafter is set forth in items 5 through 9 and 11 of the cover pages to this Amendment No. 1 to Schedule 13G. The ownership percentage is based upon a total of 7,368,613 shares of Common Stock outstanding as reported by the Issuer in its Quarterly Report on Form 10-Q for the period ending September 30, 2022, as filed with the Securities and Exchange Commission on December 2, 2022.<br>In connection with the dissolution of Plateplus, Inc., all shares previously reported by Plateplus, Inc. were transferred to Metal One Corporation prior to December 31, 2022. Plateplus, Inc. was a wholly owned subsidiary of Metal One Corporation. Mitsubishi Corporation is the majority shareholder of Metal One Corporation and may be deemed to share voting and investment power with respect to all shares of Common Stock held by Metal One Corporation. Mitsubishi Corporation disclaims beneficial ownership of such shares of Common Stock except to the extent of its pecuniary interest therein. |
| **Item 5.** | **Ownership of Five Percent or Less of a Class:** |
|  | If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ☐ |
| **Item 6.** | **Ownership of More than Five Percent on Behalf of Another Person:** |
|  | Not applicable. |
| **Item 7.** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:** |
|  | Not applicable. |
| **Item 8.** | **Identification and Classification of Members of the Group:** |
|  | Not applicable. |
| **Item 9.** | **Notice of Dissolution of Group:** |
|  | Not applicable. |
| **Item 10.** | **Certifications:** |
|  | Each of the Reporting Persons hereby makes the following certification:<br>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |

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**LIST OF EXHIBITS**

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| | |
|:---|:---|
| Exhibit No. | Description |
| 99.1 | [Joint Filing Agreement, dated May 9, 2022, by and among the Reporting Persons (incorporated by reference to Exhibit I to Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on May 9, 2022)](http://www.sec.gov/Archives/edgar/data/39092/000121390022024833/ea159506-13gmitsubishi_fried.htm#ex) |

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**SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2023

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| | |
|:---|:---|
| **MITSUBISHI CORPORATION** | **MITSUBISHI CORPORATION** |
| By: | /s/ Kotaro Tsukamoto |
| Name: | Kotaro Tsukamoto |
| Title: | Executive Vice President, |
|  | Group CEO, Industrial Materials Group |
| **Metal one Corporation** | **Metal one Corporation** |
| By: | /s/ Keisuke Shibata |
| Name: | Keisuke Shibata |
| Title: | Executive Officer |

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