Joint Venture • Oil/Gas Exploration

Sojitz and Sumitomo Acquire LNG Japan

On October 1, 2001, Sojitz and Sumitomo acquired oil/gas exploration company LNG Japan

Acquisition Context
  • This is Sojitz’s 1st and Sumitomo’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Sojitz’s 1st and Sumitomo’s 2nd transaction in Japan.

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M&A Deal Summary

Date October 1, 2001
Target LNG Japan
Sector Oil/Gas Exploration
Buyer(s) Sojitz
Sumitomo
Deal Type Joint Venture

Target Company

LNG Japan

Tokyo, Japan
LNG Japan Corp.are deeply involved in LNG projects developed. Company imports, markets, and transports liquefied natural gas.
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Buyers Overview 2

Buyer

Sojitz

Tokyo, Japan

Category Company
Founded 2003
Sector Business Services
Employees25,118
Revenue 2.51T JPY (2025)
DESCRIPTION

Sojitz is a general trading company. Sojitz Group offers businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. Sojitz was established in 2003 and is based in Tokyo, Japan.


Deal Context for Buyer #
Overall 1 of 15
Sector: Oil/Gas Exploration 1 of 2
Type: Joint Venture 1 of 1
Country: Japan 1 of 4
Year: 2001 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Nissho Iwai

Tokyo, Japan

Nissho Iwai Corp. is a distributor of electrical components for aerospace, energy and mineral resources, foods and consumer products industry.

Buy -
Buyer

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 7.29T JPY (2025)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


Deal Context for Buyer #
Overall 2 of 50
Sector: Oil/Gas Exploration 1 of 1
Type: Joint Venture 2 of 2
Country: Japan 2 of 8
Year: 2001 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 MonotaRO

Osaka, Japan

MonotaRO is a direct marketer of maintenance, repair and operating (MRO) supplies. MonotaRO was founded in 2000 and is based in Osaka, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Soukai Drug Co.

Tokyo, Japan

Soukai Drug Co., Ltd. is an online retailer of household goods such as mineral water, nutrition supplements, cosmetics, fabric softeners and baby care products.

Buy -