Mitsubishi Corporation

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Not to be confused with Mitsubishi keiretsu.
Mitsubishi Corporation
三菱商事株式会社
Type Public company
Traded as TYO: 8058
LSEMBC
Industry Trading Companies
Founded Incorporated in 1918
Refounded in 1954
Headquarters Marunouchi, Chiyoda, Tokyo, Japan
Area served Worldwide
Key people Yorihiko Kojima (Chairman)
Ken Kobayashi (President & CEO)
Services Financial Services
Machinery
Chemicals
Construction
Energy
Metal
Food
Consumer Goods
Revenue Increase ¥19,233,443 million (2011)[1]
Operating income Increase ¥316,141 million (2011)[1]
Net income Increase ¥463,188 million (2011)[1]
Total assets Increase ¥11,347,442 million (2011)[1]
Total equity Increase ¥3,600,990 million (2011)[1]
Website www.mitsubishicorp.com

Mitsubishi Corporation (三菱商事株式会社 Mitsubishi Shōji Kabushiki Kaisha?) is Japan's largest trading company (sogo shosha) and a member of the Mitsubishi keiretsu. Mitsubishi Corporation employs over 60,000 people and has seven business segments, including finance, banking, energy, machinery, chemicals and food.

Operations[edit]

Mitsubishi Corporation has its head office in Marunouchi, Chiyoda, Tokyo.[2] 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?).[3]

Business sections[edit]

Mitsubishi Corporation businesses are divided into seven business sections:

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

Awards[edit]

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.[4]

Environmental record[edit]

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 actually 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] As of 2009, Mitsubishi held between 35% to 40% of the worldwide market for bluefin tuna, a highly endangered species of fish.[6]

External links[edit]

References[edit]

  1. ^ a b c d e "Financial Results for Fiscal Year Ended March 31, 2011". Mitsubishi Corporation. May 10, 2011. 
  2. ^ "Fact Sheet." Mitsubishi Corporation. Retrieved on September 28, 2011. Page in Japanese
  3. ^ "Mitsubishi Office: Access Details." Mitsubishi Corporation. Retrieved on September 28, 2011. Page in Japanese
  4. ^ Asian Legal Business. Legalbusinessonline.com.au. Retrieved on 2014-04-12.
  5. ^ "Mitsubishi Corporation's 'Award'"
  6. ^ "" The Independent. Retrieved on February 24, 2012, ""Bluefin Tuna overfished bought and paid for by Mitsubishi"