FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
NOTICE OF THE FILING OF A PETITION BY A SUBSIDIARY TO COMMENCE CIVIL
REHABILITATION PROCEEDINGS
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 16, 2004
Commission File Number 09929
MITSUI & CO., LTD.
(Translation of registrant's name into English)
2-1, OHTEMACHI 1-CHOME CHIYODA-KU, TOKYO 100-0004 JAPAN
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____________
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____________
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ____________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: January 16, 2004
MITSUI & CO., LTD.
By: /s/ Tasuku Kondo
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Name: Tasuku Kondo
Title: Executive Director
Senior Executive Managing Officer
Chief Financial Officer
January 16, 2004
To whom it may concern:
Mitsui & Co., Ltd.
Notice of the Filing of a Petition by a Subsidiary to Commence Civil
Rehabilitation Proceedings
This is to announce that a petition to commence civil rehabilitation
proceedings was filed with the Osaka District Court today by Shirasagi Golf Club
Co., Ltd. (hereinafter referred to "SHIRASAGI"), a subsidiary of Mitsui & Co.,
Ltd. (hereinafter referred to "MITSUI") engaged in the operation of Shirasagi
Golf Club with the following details:
1. Reason for the petition
SHIRASAGI is engaged in the operation of Shirasagi Golf Club located in
Himeji city in Hyogo Prefecture, which opened for business in 1996. Amidst
the prolonged severe economic conditions that followed the collapse of the
bubble economy in Japan, business conditions surrounding the golf club
industry have not shown any sign of bottoming out as the number of
customers and average sales per customer continue to decline. Against this
background, SHIRASAGI has reported consecutive losses since the opening of
the said golf club. In this tough business environment, it is very unlikely
that SHIRASAGI will be able to improve its earnings and pay off its debt in
the future. Therefore, MITSUI has determined that it has no other choice
but to withdraw its support of SHIRASAGI, and as a result SHIRASAGI has
made the decision to file the petition to commence civil rehabilitation
proceedings.
2. Total amount of liabilities (as of November 30, 2003): 18.7 billion yen
3. Description of Shirasagi Golf Club Co., Ltd.
Location of the head office: Kita-ku Osaka City
Establishment: November 13, 1970
Type of business: Operation of a golf club
Number of issued shares: 2,960,000 shares
Amount of capital: 1.48 billion yen
Major shareholder: Mitsui & Co., Ltd. (100% shareholder)
Number of employees: 47 (as of November 30, 2003)
4. Historical business results (Unit: Million yen)
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FY ended FY ended FY ended FY ended
March 31, March 31, March 31, March 31,
2003 2002 2001 2000
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Sales 426 103 436 475
Net Income -498 -119 -572 -643
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5. Description of Shirasagi Golf Club
Location: Himeji city, Hyogo Prefecture, Japan
Opening date: October 14, 1996
Course: 18 holes, par 72, 6,804 yards in total length
6. Future plan
The Shirasagi Golf Club will continue to operate its business as usual. A
rehabilitative plan will be proposed which may include a possible transfer
of ownership of the golf club.
7. Influence on MITSUI's consolidated results
Since MITSUI recognized the losses on this transaction by the last term, we
expect that the influence on the consolidated results will be
insignificant.
For further inquiries regarding this notice, please contact:
Masaru Nishimura, Corporate Communications Division, Mitsui & Co., Ltd.
Telephone: 03-3285-7564