Mitsui Matsushima Holdings <1518> announced on the 9th that it has decided to start a new stock investment business at its subsidiary to expand and develop M&A.

The company aims to further expand the group's overall earnings through M&A investments, as part of its goal to achieve its management strategy of 2024, which includes a complete withdrawal from the coal production and sales business that has been ongoing since its founding in 2024, and the establishment of new businesses specialized in stock investments (including listed stocks) in its subsidiaries.

The name of the new subsidiary that will start the new business is MM Investments, and the business start date is scheduled for mid-August 2024, with no plans for new equipment investments for the business start.