Mitsubishi Corporation


Mitsubishi Corporation
Mitsubishi Corporation
三菱商事株式会社
Type Trading Company
Traded as TYO: 8058
LSE:MBC
Industry Business Innovation
Financial Services
Machinery
Chemicals
Construction
Energy
Metal
Food
Consumer Goods
Founded Incorporated in 1918 (reinstated after World War II in 1954)
Headquarters Marunouchi, Chiyoda, Tokyo, Japan
Area served Global (80 Countries)
Key people Yorihiko Kojima, Chairman
Ken Kobayashi, President & CEO
Revenue increase ¥19,233,443 million[1] (March 2011)
Operating income increase ¥316,141 million[1] (March 2011)
Net income increase ¥463,188 million[1] (March 2011)
Total assets increase ¥11,347,442 million[1] (March 2011)
Total equity increase ¥3,600,990 million[1] (March 2011)
Parent Mitsubishi Group
Website www.mitsubishicorp.com

Mitsubishi Corporation (三菱商事株式会社 Mitsubishi Shōji Kabushiki Kaisha?) TYO: 8058 is Japan's largest trading company (sogo shosha), a member of the Mitsubishi keiretsu. Mitsubishi Corporation employs over 50,000 people and has seven business segments including finance, banking, energy, machinery, chemicals, food and more.

In 2008 Mitsubishi Corporation was crowned In-House of the Year - Trading Company In-House Team of the Year at the 2008 ALB Japan Law Awards.[2]

Contents

Corporate affairs

The current headquarters of Mitsubishi Corporation, the Marunouchi Park Building in Marunouchi, Chiyoda, Tokyo.

The head office is in Marunouchi, Chiyoda, Tokyo.[3] The head office is located in two buildings in Marunouchi: Mitsubishi Shoji Building (三菱商事ビル Mitsubishi Shōji Biru?) and Marunouchi Park Building (丸の内パークビル Marunouchi Pāku Biru?).[4]

Business Sections

Mitsubishi Corporation businesses are divided into 7 business sections, which are:

  • Business Innovation Group
  • Industrial Finance, Logistics & Development Group
  • Energy Business Group
  • Metals Group
  • Machinery Group
  • Chemicals Group
  • Living Essentials Group

Environmental Record

In March 1998 the Mitsubishi Corporation received the quarterly Greenwash Award. It was awarded to them for their efforts to portray its businesses, which are some of the most destructive on earth, as environmentally friendly. Through the use of public relations the corporation tried to convince the world that their subsidiaries facility off the coast of Mexico was environmentally benign. The facility is a salt evaporation factory and is in a lagoon that also holds the last pristine Grey Whale calving ground.[5]

http://www.mitsubishicorp.com/insymphonywith/en/

Bukit Merah Refinery Cleanup

Mitsubishi Chemical has voluntarily spent over 100 million dollars to clean up radioactive waste their former rare earth metals refinery in Malaysia, located in Bukit Merah Malaysia. The refinery was operated by the Mitsubishi subsidiary Asian Rare Earths Sdn Bhd. [6]

According to the New York Times, "Residents blamed a rare earth refinery for birth defects and eight leukemia cases within five years in a community of 11,000 — after many years with no leukemia cases." Seven of the leukemia victims died. After having accomplished the hilltop entombment of 11,000 truckloads of radioactively contaminated material, the project is expected to entail in summer, 2011, the removal of "more than 80,000 steel barrels of radioactive waste to the hilltop repository." [7]

External links

References

  1. ^ a b c d e "Financial Results for Fiscal Year Ended March 31, 2011". Mitsubishi Corporation. May 10, 2011. http://www.mitsubishicorp.com/jp/en/ir/library/earnings/pdf/201105e.pdf. 
  2. ^ [1]
  3. ^ "Fact Sheet." Mitsubishi Corporation. Retrieved on September 28, 2011. Page in Japanese
  4. ^ "Mitsubishi Office: Access Details." Mitsubishi Corporation. Retrieved on September 28, 2011. Page in Japanese
  5. ^ "Mitsubishi Corporation's 'Award'"
  6. ^ "IAEA says rare earth refinery in Malaysia meets safety standards"
  7. ^ "Mitsubishi Quietly Cleans Up Its Former Refinery"
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