Mitsubishi Corporation (TSE:8058) is considering selling all its shareholdings in KFC Holdings Japan, Ltd. (TSE:9873) which runs the Kentucky Fried Chicken restaurant chain in the country, people familiar with the matter said on 28 February 2024. Despite solid earnings at KFC Holdings, Mitsubishi aims to switch its investment to an even more profitable project, the people said. Mitsubishi, the top shareholder of KFC Holdings with a stake of some 35%, has been sending executives to serve as the restaurant operator's presidents.

The trading house is expected to hold talks with multiple firms on the sale of the KFC Holdings stake. A major restaurant chain and others are believed to be interested in purchasing the shares.