Mitsubishi Corporation
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| Type | Trading Company (TYO: 8058,LSE:MBC) |
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| Founded | Incorporated in 1918 (reinstated after World War II in 1954) |
| Headquarters | Chiyoda, Tokyo, Japan |
| Area served | Global (80 Countries) |
| Key people | Mikio Sasaki[1], Chairman of the Board Yorihiko Kojima, President & CEO |
| Industry | Business Innovation Financial Services Machinery Chemicals Construction Energy Metal Food Consumer Goods |
| Revenue | ▲ USD 42.7 Billion[2] (March 2007) |
| Net income | ▲ USD 3.5 Billion[2] (March 2007) |
| 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[3].
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[edit] 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
[edit] Environmental Record
In 1992 the Mitsubishi Corporation Fund for Europe and Africa (MCFEA) was established. A UK registered charity, this fund was created to help promote environmental conservation, education, research into the environment, and poverty alleviation. On April 7, 2008, the Mitsubishi Corporation announced a program that would provide £230,000 pounds in new grants. [4]
On November 6, 2006, the Mitsubishi Corporation approved over a half million dollars in new grants including $400,000 to the O Boticário Foundation for Nature Protection and $150,000 to Sustainable South Bronx. The O Boticário Foundation for Nature Protection provides support for a massive project to protect parts of the Atlantic Forest which provides water for more than four million people. The Sustainable South Bronx program links environmental clean-up and restoration in the community to the career development and economic needs of local people. [5]
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. [6]
[edit] External links
[edit] References
- ^ For a more extensive biography see "Mikio Sasaki" at Answers.com
- ^ a b Mitsubishi Corp Financials & Financial Statement Analysis. BusinessWeek.
- ^ [1]
- ^ "MCFEA Fund"
- ^ "Mitsubishi Corporation Approves Grants in Sao Paulo and New York"
- ^ "Mitsubishi Corporation's 'Award'"
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