MOL Logistics Becomes Wholly Owned Subsidiary of MOL

Tokyo - November 08, 2022

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that a consolidated subsidiary of MOL Group, MOL Logistics, Co., Ltd. (MLG; President: Koichi Yashima; Headquarters: Chiyoda-ku, Tokyo), acquired its issued shares held by its shareholders, and became a wholly owned subsidiary of MOL as of November 7, 2022.

MOL aims to strengthen group management by consolidating the group's management resources in a more robust manner.

It strives to sustainably increase corporate value of MLG by not only strengthening its business but also generating synergistic effects.

Outline of MOL Logistics, Co., Ltd.

Address:   Shin-Ochanomizu Building, 3, Kanda Surugadai 4-chome, Chiyoda-ku, Tokyo 101-8330
Representative:   President Koichi Yashima
Business:   International air freight, international ocean freight, import and export customs clearance, domestic and overseas removal, logistics, domestic transport, cargo insurance agency business
Paid-in capital:   JPY756 million (Authorized capital: JPY1.8 billion)
Established:   July 1989 (Founded: August 1960)
Website:   MOL Logistics (mol-logistics-group.com/en/)

Mitsui O.S.K. Lines, Ltd. press release