Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 11.3.2021  
C(2021 ) 1747  final 
PUBLIC VERSION  
Mitsubishi Corporation  
2-3-1, Marunouchi Chiyoda -ku  
Tokyo  100-8086  
Japan  
 
Nippon Telegraph and Telephone 
Corporation  
Otemachi First Square,  
East Tower, 5 -1, Otemachi 1 -Chome, 
Chiyoda -ku  
Tokyo  100-8116  
Japan  
 
Subject : Case M. 10160  – MITSUBISHI CORPORATION / NIPPON TELEGRAPH 
AND TELEPHONE CORPORATION / INDUSTRY ONE JV   
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 16 February 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Mitsubishi 
Corporation (“MC”, Japan) and Nippon Telegraph and Telephone Corporation 
(“NTT ”, Japan) intend to establish a newly created  company constituting a joint 
venture Industry One, Inc. (“In dustry One” or the "JV", Japan) within the meaning of  
Article s 3(1)(b) and 3(4) of the Merger Regulati on by way of purchase of shares.3 
 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( the ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 63, 23.2.2021 , p. 18. 

2 2. The business activities of the undertakings concerned are:  
 for MC: global integrated trading company which develops and operates 
business across a variety of industries, including, among others, natural gas, 
industrial ma terials, petroleum & chemicals, and mineral resources,  
 for NTT: provider of telecommunications services mainly focused on the 
following business segments: mobile communications business, regional 
communications business, long distance and international com munications 
business, data communications business and other business,  
 for Industry One: provider of IT consulting services and platform services in 
Japan.  
3. After examination of the notification, the European Commission has concluded that 
the notified opera tion falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .