Mitsubishi Research Institute (TYO:3636) corrected its disclosure on the planned secondary offering of shares in Japan Business Systems (JBS), an equity-method affiliate, according to a Tuesday filing on the Tokyo Stock Exchange.
The company said its group holds 9 million shares of JBS, not 7 million as previously stated. Of these, 1.7 million shares will be sold by subsidiary Mitsubishi Research Institute DCS Co.
The offering is intended to raise JBS's tradable share ratio to qualify for a listing on the TSE Prime Market.