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Mitsubishi Corporation
2008-11-06
Tell us about Mitsubishi
Mitsubishi Corporation (MC) is Japan's largest general trading company (sogo shosha) with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, MC employs a multinational workforce of approximately 60,000 people. MC has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise.
Although our activities encompass everything from trading to business investment, the essence of what we do at MC can best be described as focusing on the needs and seeds of customers and society, conceiving business models, and reliably providing functions and services to propel these businesses forward.
At MC, we constantly work to reinvent ourselves and have sought out cutting-edge functions required by businesses. For this purpose, our strong financial resources and risk management capabilities are of course invaluable, but we believe the foresight, initiative and ingenuity of our human resources represent our greatest assets.
Tell us about MC Energy Group
In the Energy Business Group, we develop and invest in oil and gas projects. We also deal in products relating to crude oil, petroleum, and liquefied petroleum gas (LPG), liquefied natural gas (LNG), and carbon.
Our operating environment has changed dramatically from just a few years ago. Oil and gas prices are soaring, resource nationalism is emerging in oil- and gas-producing countries, and geopolitical risks are mounting, among other trends. However, the strength of this business group is the relationships of trust we have build with users in Japan and overseas over many years as well as our wide-ranging partnerships with the main oil- and gas-producing countries and oil majors such as Royal Dutch/Shell Group. Underpinned by these strengths, we are determined to continue contributing to society through the stable supply of energy.
The basic philosophy of the Energy Business Group is—to constantly create value and enhance Mitsubishi Corporation\'s enterprise value with the aim of becoming a true global energy company that contributes to a stable energy supply. We have risen to the challenge of various issues and developed our business in Japan and elsewhere in Asia, where demand for energy is growing, and in other parts of the world, too.
In our natural resources investment business, such as oil and gas exploration and production (E&P) projects and LNG projects, we will continue to work to ensure each project is operating safely and smoothly. These projects will underpin our earnings. At the same time, we will do our utmost to identify and secure new projects. Trading in petroleum, carbon and LPG is another business in our overall energy portfolio. Here our goal is to raise gross profit through further business expansion.
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