Mitsubishi readies sale of stake in KFC restaurant chain in Japan

Foreign funds, big restaurant operators expected to submit bids

Mitsubishi Corp. holds around 35% of KFC Holdings Japan, the operator of Kentucky Fried Chicken in the country. (Photo by Yui Sato)

Nikkei staff writers

February 28, 2024 12:17 JST

TOKYO -- Japanese trading house Mitsubishi Corp. is planning to sell its entire equity stake in KFC Holdings Japan, which runs the Kentucky Fried Chicken restaurant chain in Japan, Nikkei learned Wednesday.

Mitsubishi, which has a stake of around 35% in KFC Holdings, will soon conduct the first round of bidding for the sale of its shares. Although the restaurant operator's earnings are solid, Mitsubishi is reshuffling its assets in hopes of strengthening its earnings capacity.