Mitsui & Co.
|Traded as||TYO: 8031
OTC Pink: MITSY
|Founded||July 25, 1947|
|Founders||Takashi Masuda, Tatsuzo Minakami|
|Area served||Global (151 offices in 65 countries)|
|Key people||Masami Iijima, President and Chief Executive Officer|
|Products||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.|
|Revenue||Yen 5,738 billion (2008)|
|Operating income||Yen 375 billion (2008)|
|Net income||Yen 410 billion (2008)|
Mitsui & Co., Ltd. (三井物産 Mitsui Bussan?) is one of the largest sogo shosha (general trading companies) in Japan, and also part of the Mitsui Group. Its business area covers energy, machinery, chemicals, food, textile, logistics, finance, and more.
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 the Edo period, it aimed to displace trading back to Japanese nationals by expanding business owned by Japanese citizens. By the end of 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.