Mitsui & Co.
OTC Pink: MITSY
||July 25, 1947
||Takashi Masuda, Tatsuzo Minakami
||Global (151 offices in 65 countries)
||Masami Iijima, President and Chief Executive Officer
||Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Motor Vehicles, Marine & Aerospace, Chemicals, Energy, Foods & Retail, Consumer Services, Information, Electronics and Telecommunications, Financial Markets and Transportation Logistics.
||Yen 5,738 billion (2008)
||Yen 375 billion (2008)
||Yen 410 billion (2008)
Mitsui & Co., also known as Mitsui Bussan, is one of the largest sogo shosha in Japan, and also part of the Mitsui Group. Its business area covers energy, machinery, chemicals, food, textile, logistics, finance, and more.
Headquarters of Mitsui & Co.
First established in 1876 with 16 members including the founder Takashi Masuda. As Japan's international trading was dominated by foreigners since the end of Edo period, it aimed to get trading right back to Japanese nationals by expanding business by Japanese. By the end of the World War II, it became a dominant trading giant, but was dissolved by the order of GHQ. In 1947, Tatsuzo Minakami, one of the former employees of Mitsui, decided to re-establish the company. Later, as international trading led Japan's economic recovery and growth, Mitsui also enlarged its business area and started various overseas investments, which constitute its current main business.
- Iron & Steel Products
- Mineral & Metal Resources
- Infrastructure Projects
- Marine & Aerospace
- Information, Electronics and Telecommunications
- Consumer Business
- Financial Markets
- Transportation Logistics
- Wastewater treatment service project, Mexico
- Sakhalin II LNG Project, Russia
- Photovoltanic Power Project, Catalonia, Spain
- Acquisition of Taiwan TV Shopping Company
- Brazil Biofuel Project with Petrobras
- Bald Hills Wind Farm Project, Victoria, Australia
- Umm Al Nar Power and Water Project, Abu Dhabi
- Subsidiary Mitsui Oil Exploration's MOEX Offshore had a 10% stake in the Deepwater Horizon well in the Gulf of Mexico through a subsidiary, and in May, 2011, MOEX agreed to pay US$1.07 billion to settle British Petroleum claims against it over the explosion and oil spill at the well. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward resolving the multiple claims.