MIRA
INFORM REPORT
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Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
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Name : |
MITSUI & CO. LTD. |
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Registered Office : |
1-2-1,
Ote-machi, Chiyoda-Ku, 100-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
25.07.1947 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
·
importer,
exporter and international trader of various products in the fields of iron
and steel products, metal resource, machine and project, chemical, energy,
food and retail, as well as consumer service and information industries ·
Subject
is also engaged in the provision of retail, information communication,
technology, transportation and finance services, the development of energy
and raw iron resources, in addition to the investment in new businesses such
as information technology (IT), renewable energy and environment-related
businesses ·
Subject
operates through eight business segments :- § Logistics and Financial Markets Segment § Consumer Service & IT segment § Food and Retail Segment § Energy Segment § Chemicals Segment § Machinery and Infrastructure Projects
Segment § Mineral and Metal Resources Segment § Iron and Steel Products Segment |
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No. of Employees : |
45,148 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Japan ECONOMIC OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
economy were the close interlocking structures of manufacturers, suppliers, and
distributors, known as keiretsu, and the guarantee of lifetime employment for a
substantial portion of the urban labor force. Both features are now eroding under
the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt, capital,
and labor. Modest economic growth continued after 2000, but the economy has
fallen into recession three times since 2008. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan into
recession. Government stimulus spending helped the economy recover in late 2009
and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude
earthquake and the ensuing tsunami in March disrupted manufacturing. The
economy has largely recovered in the two years since the disaster, but
reconstruction in the Tohoku region has been uneven. Prime Minister Shinzo ABE
has declared the economy his government's top priority; he has overturned his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus, monetary easing, and
structural reform. Japan joined the Trans Pacific Partnership negotiations in
2013, a pact that would open Japan's economy to increased foreign competition
and create new export opportunities for Japanese businesses. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2013 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which is
exceeding 230% of GDP. To help raise government revenue and reduce public debt,
Japan decided in 2013 to gradually increase the consumption tax to a total of
10% by the year 2015. Japan is making progress on ending deflation due to a
weaker yen and higher energy costs, but reliance on exports to drive growth and
an aging, shrinking population pose other major long-term challenges for the
economy.
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Source : CIA |
Company name & address
Mitsui & Co. Ltd.
1-2-1, Ote-machi
Chiyoda-Ku,
100-0004
Japan
Tel: 81-3-32851111
Fax: 81-3-32859819
Web: www.mitsui.com
synthesis
Employees: 45,148
Company Type: Public
Parent
Corporate Family: 428 Companies
Traded: Tokyo Stock Exchange: 8031
Over The Counter: MITSY
Incorporation
Date: 25-Jul-1947
Auditor: Deloitte
Touche Tohmatsu LLC
Financials in: USD (Millions)
Fiscal Year End: 31-Mar-2013
Reporting
Currency: Japanese Yen
Annual Sales: 59,197.1 1
Net Income: 3,711.3
Total Assets: 109,732.6 2
Market Value: 25,550.6
(22-Nov-2013)
Business
Description
MITSUI & CO.,
LTD. is a Japan-based diversified trading company. The Company is engaged in
the sale, import, export and international trading of various products in the
fields of iron and steel products, metal resource, machine and project,
chemical, energy, food and retail, as well as consumer service and information
industries. The Company is also engaged in the provision of retail, information
communication, technology, transportation and finance services, the development
of energy and raw iron resources, in addition to the investment in new
businesses such as information technology (IT), renewable energy and
environment-related businesses. The Company operates through eight business
segments. On February 5, 2013, the Company completed the full acquisition of
MITSUI FOODS CO.,LTD. On April 1, 2013, the Company transferred J-SCube Inc. to
TOPPAN FORMS CO LTD. On May 1, 2013, it sold MM Net Corporation. On July 30,
2013, it disposed the rest 49% stake in Gleneagles CRC Pte Ltd. For the six
months ended 30 September 2013, Mitsui & Co Ltd revenues increased 21% to
Y2.872T. Net income increased 17% to Y197.2B. Revenues reflect Energy segment
increase from Y351.62B to Y822.3B, Chemicals segment increase from Y165.7B to
Y452.43B, Capacity Driving of nest generation business segment increase from
Y206.77B to Y474.55B. Net income was partially offset by Consumer Industries
segment loss increase from Y5.6B to Y21.57B.
Industry
Industry Metal Products Manufacturing
ANZSIC 2006: 2210 - Iron and Steel Forging
ISIC Rev 4: 2591 - Forging, pressing, stamping and
roll-forming of metal; powder metallurgy
NACE Rev 2: 2550 - Forging, pressing, stamping and
roll-forming of metal; powder metallurgy
NAICS 2012: 332111 - Iron and Steel Forging
UK SIC 2007: 2550 - Forging, pressing, stamping and
roll-forming of metal; powder metallurgy
US SIC 1987: 3462 - Iron and Steel Forgings
Key Executives
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Name |
Title |
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Masami Iijima |
President, Chief Executive Officer, Chief Director of Risk Counter-Plan, Representative Director |
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Hironobu Ishikawa |
Managing Executive Officer, Chief Director of Europe, Middle East and Africa, President of Subsidiary |
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Joji Okada |
Chief Financial Officer, Senior Managing Executive Officer, Representative Director |
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Atsushi Kume |
Managing Executive Officer, Chief Director of Next Generation and Function Promotion |
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Masayuki Kinoshita |
Chief Information Officer, Chief Privacy Officer, Senior Managing Executive Officer, Representative Director |
Financial Summary
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Stock Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet
Item Exchange Rate: USD 1 = JPY 94.08855
Corporate
Overview
Location
1-2-1, Ote-machi
Chiyoda-Ku, 100-0004
Japan
Tel: 81-3-32851111
Fax: 81-3-32859819
Web: www.mitsui.com
Quote Symbol - Exchange
8031 - Tokyo Stock Exchange
Sales JPY(mil): 4,911,609.0
Assets JPY(mil): 10,324,581.0
Employees: 45,148
Fiscal Year End: 31-Mar-2013
Industry: Miscellaneous Fabricated
Products
Incorporation
Date: 25-Jul-1947
Company Type: Public
Parent
Quoted Status: Quoted
President, Chief Executive Officer, Chief Director of Risk Counter-Plan,
Representative Director:
Masami Iijima
Industry Codes
ANZSIC 2006
Codes:
2210 - Iron
and Steel Forging
3739 - Other
Goods Wholesaling Not Elsewhere Classified
3609 - Other
Grocery Wholesaling
3321 - Petroleum
Product Wholesaling
4110 - Supermarket
and Grocery Stores
3322 - Metal
and Mineral Wholesaling
3323 - Industrial
and Agricultural Chemical Product Wholesaling
3504 - Motor
Vehicle New Parts Wholesaling
3494 - Other
Electrical and Electronic Goods Wholesaling
350 - Motor
Vehicle and Motor Vehicle Parts Wholesaling
ISIC Rev 4 Codes:
2591 - Forging,
pressing, stamping and roll-forming of metal; powder metallurgy
4690 - Non-specialized
wholesale trade
4669 - Wholesale
of waste and scrap and other products n.e.c.
4661 - Wholesale
of solid, liquid and gaseous fuels and related products
4662 - Wholesale
of metals and metal ores
4530 - Sale
of motor vehicle parts and accessories
4652 - Wholesale
of electronic and telecommunications equipment and parts
4510 - Sale
of motor vehicles
4711 - Retail
sale in non-specialized stores with food, beverages or tobacco predominating
4630 - Wholesale
of food, beverages and tobacco
NACE Rev 2 Codes:
2550 - Forging,
pressing, stamping and roll-forming of metal; powder metallurgy
4690 - Non-specialised
wholesale trade
4671 - Wholesale
of solid, liquid and gaseous fuels and related products
4675 - Wholesale
of chemical products
4672 - Wholesale
of metals and metal ores
4652 - Wholesale
of electronic and telecommunications equipment and parts
4638 - Wholesale
of other food, including fish, crustaceans and molluscs
4511 - Sale
of cars and light motor vehicles
4711 - Retail
sale in non-specialised stores with food, beverages or tobacco predominating
4532 - Retail
trade of motor vehicle parts and accessories
NAICS 2012 Codes:
332111 - Iron
and Steel Forging
424990 - Other
Miscellaneous Nondurable Goods Merchant Wholesalers
424720 - Petroleum
and Petroleum Products Merchant Wholesalers (except Bulk Stations and
Terminals)
424490 - Other
Grocery and Related Products Merchant Wholesalers
424690 - Other
Chemical and Allied Products Merchant Wholesalers
423690 - Other
Electronic Parts and Equipment Merchant Wholesalers
423110 - Automobile
and Other Motor Vehicle Merchant Wholesalers
445110 - Supermarkets
and Other Grocery (except Convenience) Stores
423510 - Metal
Service Centers and Other Metal Merchant Wholesalers
423120 - Motor
Vehicle Supplies and New Parts Merchant Wholesalers
US SIC 1987:
3462 - Iron
and Steel Forgings
5199 - Nondurable
Goods, Not Elsewhere Classified
5172 - Petroleum
and Petroleum Products Wholesalers, Except Bulk Stations and Terminals
5012 - Automobiles
and Other Motor Vehicles
5411 - Grocery
Stores
5013 - Motor
Vehicle Supplies and New Parts
5065 - Electronic
Parts and Equipment, Not Elsewhere Classified
5149 - Groceries
and Related Products, Not Elsewhere Classified
5051 - Metals
Service Centers and Offices
5169 - Chemicals
and Allied Products, Not Elsewhere Classified
UK SIC 2007:
2550 - Forging,
pressing, stamping and roll-forming of metal; powder metallurgy
4690 - Non-specialised
wholesale trade
46711 - Wholesale
of petroleum and petroleum products
4675 - Wholesale
of chemical products
4672 - Wholesale
of metals and metal ores
4652 - Wholesale
of electronic and telecommunications equipment and parts
4638 - Wholesale
of other food, including fish, crustaceans and molluscs
4511 - Sale
of cars and light motor vehicles
4711 - Retail
sale in non-specialised stores with food, beverages or tobacco predominating
4532 - Retail
trade of motor vehicle parts and accessories
Business Description
MITSUI & CO.,
LTD. is a Japan-based trading company. The Company is engaged in the sale,
import, export, offshore trading and manufacture of various products in the
fields of iron and steel product, metal resources, machine and project,
chemical, energy, food and retail, as well as consumer service and information
industry. It is also engaged in the provision of retail, information
communication, technology, transportation and finance services, the development
of energy and raw iron resources, in addition to the investment in new
businesses such as information technology (IT), biotechnology and environmental
technology businesses. In September 2011, the Company acquired Portek
International Limited.
In December 2009, the Company sold its electricity
generation assets in Mexico to Mitsui & Co. Ltd. and Tokyo Gas Co. Ltd. In
March 2010, Mitsui & Co., Ltd. divested all it shares of United Petroleum
Development Co., Ltd. (UPD) to Japan Energy Development Co., Ltd. (JED) and
Cosmo Oil Company, Limited. In addition, on March 29, 2010, the Company sold a
20% stake in a joint venture, pursuant to which it no longer holds stake in the
joint venture. In April 2010, the Company acquired TRINET LOGISTICS CO., LTD.
The company engaged in a range of global business
activities including worldwide trading of various commodities, arranging
financing for customers and suppliers in connection with its trading
activities, organizing and coordinating industrial projects, participating in
financing and investing arrangements, assisting in the procurement of raw
materials and equipment, providing new technologies and processes for manufacturing,
and coordinating transportation and marketing of finished goods. Its trading
activities as a general trading company include the sale, distribution,
purchase, marketing, supply of and dealing in a wide variety of products and
services, as a principal or an agent, including iron and steel, non-ferrous
metals, machinery, electronics, chemicals, energy-related commodities and
products, food products, textiles, general merchandise and real estate. The
Company also participates in the development of natural resources such as oil,
gas, iron and steel raw materials. Recently, it have been proactively making
strategic business investments whereby it invest its own capital and provide
management expertise in the development of joint ventures and new enterprises
in certain industries such as information technology (IT), energy saving and
environmental solutions business.
The Company
operates in eight business segments: iron and steel products segment, mineral
and metal resources segment, machinery and infrastructure projects segment,
chemical segment, energy segment, foods and retail segment, consumer service
and IT segment, and logistics and financial markets segment.
Iron and Steel Products Segment
The Company’s
subsidiaries in the iron and steel products segment include Mitsui and Co.
Steel Ltd., MITSUI BUSSAN KOZAI HANBAI CO., LTD., MBK Steel Products West Co.,
Ltd., Regency Steel Asia Pte Ltd. and Bangkok Coil Center Co., Ltd. The
associated companies in the iron and steel products segment include Nippon
Steel Trading Co., Ltd. and Shanghai Bao-Mit Steel Distribution Co., Ltd.
The iron and
steel products segment is engaged in the manufacturing of steel sheet for
automobile and electric appliances, steel plates for shipbuilding and heavy
electric machinery, galvanized steel sheet and tin mill products; steel
products for oil and gas projects including OCTG and line pipe; wire rod,
specialty steel and bearing; steel bars and other steel construction materials,
as well as semi-finished items including steel slabs to be processed into steel
plate and sheet and steel billets to be processed into steel bars and wire
rods. Gross profit and net loss for this segment for the year ended March 31,
2009 were 5.1% and minus or minus 2.7% of our consolidated total, respectively.
Mineral and Metal Resources Segment
The Company’s
subsidiaries in the mineral and metal resources segment include Mitsui Iron Ore
Development Pty. Ltd., Mitsui-Itochu Iron Pty. Ltd., Japan Collahuasi Resources
B.V., Mitsui Raw Materials Development Pty. Ltd., Mitsui Bussan Metals Co.,
Ltd. The associated companies in the minerals and metal resources segment
include Valepar S.A., Coral Bay Nickel Corporation, SUMIC Nickel Netherlands
B.V., Nippon Amazon Aluminum Co., Ltd., Inner Mongolia Erdos Electric Power
& Metallurgical Co., Ltd.
In the mineral and metal resources segment, the
Company secure mineral and metal resources by making investments in overseas
resource projects. The mineral and metal resources include iron ore, metal
scrap, ferro-alloys, copper, lead, zinc, nickel, aluminium, alumina and
construction materials. It also provides recycling solutions.
Machinery and Infrastructure Projects Segment
The Company’s
subsidiaries in the machinery and infrastructure projects segment include MBK
Project Holdings Ltd., Mitsui & Co. Plant Systems, Ltd., Mitsui Power
Ventures Limited, Mit Power Canada LP Inc., Mitsui Renewable Energy Europe
Limited, Mitsui Rail Capital Holdings, Inc., Mitsui Rail Capital Europe B.V.,
Mitsui Rail Capital Participacoes Ltda., Mitsui Gas e Energia do Brasil Ltda.,
Cactus Energy Investment B.V., Drillship Investment B.V., Mitsui Water Holdings
(Thailand) Ltd., Atlatec Holdings, S.A. de C.V., Tokyo International Air Cargo
Terminal Ltd., Toyota Chile S.A., Mitsui Automotive North America Inc., Mitsui
Automotive Europe B.V., Mitsui Automotive CIS Investment B.V., PT. Bussan Auto
Finance, Mitsiam Motors Co., Ltd., Komatsu-Mitsui Maquinarias Peru S.A., Lepta
Shipping Co., Ltd., Clio Marine Inc., Orient Marine Co., Ltd., Mitsui Bussan
Aerospace Co., Ltd. The associated companies in this segment include Toyo
Engineering Corporation, IPM Eagle LLP, IPM (UK) Power Holdings Ltd, PT. Paiton
Energy, Compania de Generacion Valladolid S. de R.L. de C.V., AES Jordan
HoldCo, Ltd, Toyota Canada Inc., Penske Automotive Group, Inc., PT. Yamaha
Indonesia Motor Manufacturing, Komatsu Australia Pty. Ltd.
The Machinery
& Infrastructure Projects Segment consists of three business units, the
Infrastructure Projects Business Unit, the Motor Vehicles Business Unit and the
Marine & Aerospace Business Unit.
The
Infrastructure Projects Business Unit covers a wide range of involvement in
project development, construction, business operations and management,
implementation and related services, including electric power projects, energy
related infrastructure projects, water supply projects, railway
transportation-related projects, social infrastructure projects, basic industry
projects and environment-related projects.
The Motor vehicle
Business Unit is engaged in the import and export, assembly and manufacturing,
distribution and dealership of motor vehicles, motor cycles and their parts,
and retail finance; as well as the trading of industrial machinery including
mining and construction equipment, production equipment and machine tools.
The Marine &
Aerospace Business Unit is engaged in the marketing and sale of cargo vessels,
tankers, container vessels, refrigerator vessels, automobile carriers, LNG and
LPG carriers, Floating Storage and Offloading (FSO) and Floating Production,
Storage and Offloading (FPSO) facilities; as well as passenger aircraft and
cargo aircraft, helicopters, aircraft engine, defense-related equipment and
aerospace systems, leasing of passenger aircraft and cargo aircraft and
aircraft engines.
Chemicals Segment
The Company’s
subsidiaries in the chemicals segment include PT. Kaltim Pasifik Amoniak,
Japan-Arabia Methanol Co., Ltd., Mitsui Bussan Solvent & Coating Co., Ltd.,
Mitsui Agri Science International S.A. N.V., Mitsui Bussan Agro Business Co.,
Ltd, Daiichi Tanker Co., Ltd., Mitsui Bussan Plastics Trade Co., Ltd., Daito
Chemical Industries, Ltd., Shark Bay Salt Pty. Ltd., Mitsui Electronics SCM
(China) Co., Ltd.
The Chemical
Segment consists of the First Chemicals Business Unit and the Second Chemicals
Business Unit.
The First
Chemicals Business Unit provides petrochemical products, including methanol,
ammonia, Ethylene Dichloride (EDC), Vinyl Chloride Monomer (VCM), caustic soda,
polyurethanes, olefins, aromatics, Styrene Monomer (SM), Para-Xylene (PX),
Purified Terephthalic Acid (PTA), Monoethylene Glycol (MEG), Acrylonitrile
(AN), acetic acid, phenol, acetone, bisphenol A, Methyl Methacrylate (MMA),
nylon and acrylates intermediates; specialty chemicals, including detergent
intermediates and oleochemicals, colors & functional chemicals, rosin and
aroma chemicals, as well as fertilizer, such as Urea, ammonium sulfate,
phosphate rock, diammonium phosphate, fused magnesium phosphate and potash.
The Second Chemicals
Business Unit provides inorganic chemicals, including sulfur, sulfuric acid,
salt, titanium ore, iodine soda ash, caustic soda, catalyst, industrial gas and
titanium oxide; as well as plastics, including electrolytic copper foil,
optical fiber, polyvinyl chloride, elastomers, polyolefin, ABS resin,
engineering plastics, polystyrene, plastic food containers, wrapping materials,
elasticizer, stabilizer, pigment, as well as solar module components and solar
modules.
Energy Segment
The Company’s subsidiaries in the energy segment
include Mitsui E&P Australia Pty Limited, Mitsui E&P Middle East B.V.,
Mitsui Oil Exploration Co., Ltd., MitEnergy Upstream LLC, Mitsui Gas
Development Qatar B.V., Mitsui Sakhalin Holdings B.V., Mitsui Coal Holdings Pty.,
Ltd., Mitsui Oil (Asia) Hong Kong Ltd., Mitsui Oil Co., Ltd., Mitsui Marubeni
Liquefied Gas Co., Ltd. The associated companies in the energy segment include
Japan Australia LNG (MIMI) Pty. Ltd., United Petroleum Development Co., Ltd.,
BHP Mitsui Coal Pty., Ltd.
The Energy Segment consists of two business units,
Energy Business Units I and II.
Energy Business Unit I is engaged in the
exploration and production of oil and gas, coal, uranium and other energy
resources; trading of oil, petroleum products, coal, uranium and other energy
resources; petroleum refining and marketing of gasoline, LPG and other
petroleum products in the Japanese domestic market, and development of biomass
ethanol and other next generation energy sources.
Energy Business Unit II is engaged in the
development of LNG projects; trading of LNG and development of new gas
commercialization technology (natural gas hydrate etc.).
Food and Retail Segment
The Company’s subsidiaries in the food and retail
segment include Mitsui Norin Co., Ltd., PRI Foods Co., Ltd., San-ei
Sucrochemical Co., Ltd., Mitsui Foods Co., Ltd., Toho Bussan Kaisha, Ltd.,
Vendor Service Co., Ltd., Wilsey Foods, Inc., Mitsui Alimentos Ltda. and MCM
Foods B.V. The associated companies in the food and retail segment include Mikuni
Coca-Cola Bottling Co., Ltd., Mitsui Sugar Co., Ltd., The Kumphawapi Sugar Co.,
Ltd. and Multigrain AG.
The food and retail segment is engaged in the
import and domestic/offshore trade of wheat, barley, soybeans, corn, rapeseed,
raw sugar and rice; processed foods such as canned products, frozen foods and
condiments, liquor, beverages such as coffee, tea and juice and dairy products;
as well as foodstuffs such as marine products, stock farm products and
vegetables. The segment also provides the support services, such as supply
chain management including logistics management, and product planning and
development for retailers
Consumer Service & IT segment
The Company’s subsidiaries in the consumer service
and IT segment include Mitsui Bussan Inter-fashion Ltd., Bussan Real Estate
Co., Ltd., Mitsui Bussan Woodchip Oceania Pty. Ltd., Mitsui Knowledge Industry
Co., Ltd., J-SCube Inc., Mitsui Electronics Inc. and MBK Distribuidora de
Produtos Eletronicos Ltda. The associated companies in this segment include QVC
Japan Inc., AIM Services Co., Ltd., Sumisho & Mitsuibussan Kenzai Co.,
Ltd., Nihon Unisys Ltd., Moshi Moshi Hotline, Inc. and T-GAIA Corporation.
This segment is comprised of the First Consumer
Service Business Unit; the Second Consumer Service Business Unit; and the IT
Business Unit.
The First Consumer Service Business Unit is engaged
in media-related business including broadcasting, content service, television
shopping channels and internet-based marketing service; service and outsourcing
businesses including contract food service, uniform rental, facility
management, and temporary personnel service; fashion business including global
procurement service of apparel and accessories, participation and management of
joint ventures with fashion brand holders, and other brand related business
including importing, licensing and marketing; as well as the provision of
consumer goods including beauty and health-related products and interior and
living items.
The Second Consumer Service Business Unit is
engaged in real estate business including development of housing, office
buildings and commercial facilities, and related services such as senior
service housing, self-storage and service office business in both Japan and
overseas; as well as industrial materials such as housing materials, wood
chips, pulp & paper products, packaging materials and off-the-road tires
for mines.
The IT Business Unit is involved in network and
systems integration (NI/ SI) businesses; the provision of business process outsourcing
services including enterprise information management and call-center services;
mobile communication businesses including sales agency of mobile handset and
telecommunications lines; distribution of mobile handsets; and development and
sales of mobile content; electronics businesses including import and domestic
trade of semiconductor devices and equipment/materials for semiconductor and
liquid crystal displays; as well as display related businesses including export
and trade of liquid crystal displays and parts.
Logistics and Financial Markets Segment
The Company’s subsidiaries in the logistics and
financial markets segment include Mitsui & Co., Energy Risk Management
Ltd., Mitsui & Co. Precious Metals, Inc., Mitsui Bussan Precious Metals
(Hong Kong) Limited, Mitsui Bussan Commodities Ltd., Mitsui & Co.,
Principal Investments Ltd., MVC Corporation, Mitsui Bussan Logistics Holdings
Ltd., Mitsuibussan Insurance Co., Ltd., Tri-Net (Japan) Inc., Tri-Net Logistics
(Asia) Pte. Ltd. The associated companies in this segment include Mitsui &
Co., Energy Risk Management Ltd., Mitsui & Co. Precious Metals, Inc.,
Mitsui Bussan Precious Metals (Hong Kong) Limited, Mitsui Bussan Commodities
Ltd., Mitsui & Co., Principal Investments Ltd., MVC Corporation, Mitsui Bussan
Logistics Holdings Ltd., Mitsuibussan Insurance Co., Ltd., Tri-Net (Japan)
Inc., Tri-Net Logistics (Asia) Pte. Ltd.
This segment is composed of the Financial Markets
Business Unit and the Transportation Logistics Business Unit. The Financial
Markets Business Unit is engaged in the trading in various commodity
derivatives such as precious metals, non-ferrous metals listed on the London
Metal Exchange (LME), energy, grain and soft commodities; the development,
origination and sales of financial products, investment in and portfolio
management of financial products; financial equity investments including
principal investment and venture capital operation; asset management business
such as real estate fund (listed REIT and private fund) and infrastructure
fund; as well as leasing businesses.
The
Transportation Logistics Business Unit is engaged in the provision of
International transportation services including combined multi transportation
centering on container shipping, transportation of plants and other special
cargoes, tramper shipping, logsitics solution services such as SCM, Warehousing
and distributions; insurance agency services and insurance-related consulting;
as well as logistics infrastructure projects, including port development
projects in emerging countries, and transport-infrastructure such as railway
and airports, among others
More Business Descriptions
MITSUI & CO.,
LTD. is a Japan-based diversified trading company. The Company is engaged in
the sale, import, export and international trading of various products in the
fields of iron and steel products, metal resource, machine and project,
chemical, energy, food and retail, as well as consumer service and information
industries. The Company is also engaged in the provision of retail, information
communication, technology, transportation and finance services, the development
of energy and raw iron resources, in addition to the investment in new
businesses such as information technology (IT), renewable energy and
environment-related businesses. The Company operates through eight business
segments. On February 5, 2013, the Company completed the full acquisition of
MITSUI FOODS CO.,LTD. On April 1, 2013, the Company transferred J-SCube Inc. to
TOPPAN FORMS CO LTD. On May 1, 2013, it sold MM Net Corporation. On July 30,
2013, it disposed the rest 49% stake in Gleneagles CRC Pte Ltd. For the six
months ended 30 September 2013, Mitsui & Co Ltd revenues increased 21% to
Y2.872T. Net income increased 17% to Y197.2B. Revenues reflect Energy segment increase
from Y351.62B to Y822.3B, Chemicals segment increase from Y165.7B to Y452.43B,
Capacity Driving of nest genetation business segment increase from Y206.77B to
Y474.55B. Net income was partially offset by Consumer Industries segment loss
increase from Y5.6B to Y21.57B.
An integrated
trading company promoting trade and industrial development globally; its vast
range of activities cover many industries including iron and steel, nonferrous
metals and raw materials trading; property development; trade in a wide variety
of machinery including chemical plant, environmental protection plant, motor
vehicles and ships; aircraft leasing; distribution of machine tools, valves,
power plant, machinery, communications and multimedia equipment; chemicals, oil
and LPG, food including poultry, fats, edible oils, soft drinks and processed
food; textiles, sports goods, pulp, paper and cigarettes; warehousing
Iron & Steel,
Nonferrous Metals, Motor Vehicles, Marine & Aerospace Systems, Chemicals,
Foods & Retail Products Trading; Petroleum & Natural Gas Production
& Distribution; Transportation Logistics, Infrastructure, Financial Markets
& Information Technology Services
Mitsui & Co.,
Ltd. (Mitsui) specializes in the sale, distribution, purchase, marketing and
supply of a wide variety of products in business areas including: iron and
steel; non-ferrous metals; machinery; electronics; chemicals; energy-related
commodities; foods & retail, lifestyle and consumer service. It also
participates in the other activities such as arranging finance for customers
and suppliers in connection with its trading activities, organizing and
coordinating international industrial projects, participating in financing and
investing arrangements, assisting in the procurement of raw materials and equipment,
providing new technologies and processes for manufacturing and coordinating
transportation and marketing of finished goods.The company also develops
natural resources such as oil, gas and iron and steel raw materials. It also
conducts the strategic business investments and provides management expertise
in the development of joint ventures and new enterprises in certain industries
such as IT, biotechnology and nanotechnology. It also provides a wide range of
services in the areas of finance, transportation, communication, technology and
retail.As of July 2013, the company has 410 subsidiaries and associated
companies which comprises of 192 overseas subsidiaries, 76 domestic
subsidiaries, 104 associated companies in overseas and 38 domestic associated
companies. The company operates globally through a network of 151 offices with
operations across 67 countries. Geographically, the company classifies its
international business operations into three regions namely, Americas, EMEA
(Europe, Middle East and Africa), and Asia Pacific. During the fiscal year
ended march 2013, the Americas region reported 75.4% of company's total
international revenue, followed by EMEA 13.1%, and Asia Pacific 11.4%.The
company operates through seven business segments, namely Iron & Steel
Products; Mineral & Metal Resources; Machinery & Infrastructure;
Chemicals; Energy; Lifestyle; and Innovation and Cross Function.In July 2013,
FCC, the Citizen Services Group, signed an agreement to sell 49% stake in
Aqualia Czech, S.L., to the company, for a purchase consideration of
$125.59m.In May 2013, Sempra Energy, GDF SUEZ S.A., Mitsubishi Corporation and
Mitsui & Co., Ltd. (8031.TYO), signed 20-year tolling capacity and
joint-venture agreements to support the development, finance and construct of a
liquefied natural gas (LNG) export facility the Cameron LNG receipt terminal.
In same month, Celanese Corporation, formed a joint venture with the company
for the production of methanol at Celanese's integrated chemical plant in Clear
Lake. In April 2013, Qatar Petroleum entered into a joint venture agreement
with Total S.A., Idemitsu Kosan Co., Ltd., Cosmo Oil Co., Ltd., Marubeni
Corporation and Mitsui for the development of new Laffan Refinery 2 (LR2)
project.
Mitsui & Co., Ltd. (Mitsui) is a Japanese
diversified company. The company provides global business activities which
includes trading of various commodities, arranging financing for customers and
suppliers, coordinating of industrial projects, providing raw material and
equipment and general trading activities. It also participates in the
development of natural resources such as oil, gas, iron and steel. Mitsui
classifies its business operations into seven business segments namely, Iron
& Steel Products; Mineral & Metal Resources; Machinery &
Infrastructure; Chemicals; Energy; Lifestyle; and Innovation and Cross
Function. It has operates through various subsidiaries and affiliates in
approximately 67 countries in the Americas, EMEA, and Asia-Pacific. Mitsui is
headquartered in Tokyo, Japan.Mitsui focuses on developing its IT related
business in healthcare and medical field. In line with this focus, the company
recently entered into an agreement with Advanced Medical Care Inc. to create a
joint venture.The company reported revenues of (Yen) JPY 4,911,609.00 million
during the fiscal year ended March 2013, a decrease of 6.47% from 2012. The
operating profit of the company was JPY 214,983.00 million during the fiscal
year 2013, a decrease of 27.53% from 2012. The net profit of the company was JPY
307,926.00 million during the fiscal year 2013, a decrease of 29.13% from 2012.
Mitsui & Co. is a diversified trading,
investment and service enterprise that operates on a global basis. The company
is engaged in such traditional businesses as import, export, offshore trade and
domestic wholesale. It emphasizes business investments, project development and
management, capital goods leasing and technology transfer. Mitsui & Co.'s
operating divisions include iron and steel products, raw materials, nonferrous
metals, power, transportation and plant projects, machinery, information,
organic chemicals, plastics, energy, foods and retail, life commerce,
transportation logistics and financial markets. The company has expertise in
financial arrangement, risk management, logistics planning and execution. It
has operations throughout the world and is headquartered in Tokyo.
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Strategic
Initiatives
Key Organizational Changes
Mitsui will participate
in and acquire, through its 100% owned US company MIT Pipeline Investment
Americas, Inc., a 30% ownership stake in the project company, Sierrita Gas
Pipeline LLC ("Sierrita").MGI Enterprises US LLC a wholly owned
affiliate of Pemex Gas y Petroquímica Básica which is a subsidiary of PEMEX
will participate in and acquire a 35% ownership stake in Sierrita . Mitsui and
PEMEX entered into an MOU on April 9, 2013 for the collaboration in the energy
business such as natural gas, and this investment in Sierrita marks the first
joint venture project to be undertaken under such MOU. The project
interconnects with the US main gas pipeline system and will extend south from
Tucson to Sasabe in Arizona, a new interconnection point near the border
between the US and Mexico. The project will have a design capacity of
approximately 200 million cubic feet per day, and its estimated project cost is
approximately $200 million.
Source:
GlobalData, October 10, 2013
, Ltd. (ENAC)
announced their intention to acquire all of the shares of the holding company
of Ecogen Brasil Solucoes Energeticas S.A. (Ecogen) through a
jointly-established investment subsidiary. Such strategic acquisitions would
support the company's plans to diversify its business into other markets.Volatility
in Oil & Natural Gas PricesThe company’s revenue, profitability, and rate
of growth are substantially dependent on prices of oil and natural gas. In
recent years, increase in the demand for crude oil and depletion in the oil
reserves resulted in increase in the prices of crude oil and oil products
across the world. Oil prices and markets have been extremely volatile in the
recent years.
Partnerships
The company has
entered into various joint venture agreements with international players based
in different regions for ferrous and non-ferrous mining operation; chemical
production; oil and gas asset operation; and other diverse investments.
Besides, Mitsui has established a three-pronged, independent region-based
system that serve as the core pillars of its global strategy. It focuses on
integrating its region-based strategy and the product and service-based
strategy to build an organic global network for its business that could include
the world in its matrix and thereby enabling it to meet the diverse needs of
its customers in each region.Diverse Business OperationMitsui’s engages in
diverse businesses, which enables it to serve various needs of its diversified
customer base. The company’s operations are classifieds into four business
areas such as Mineral Resources and Energy, Global Marketing Networks,
Lifestyle Business and Infrastructure. It serves customers through a
combination of five functions: marketing, financing, logistics, risk
management, and IT and process development capabilities.
During the fiscal
year ended march 2013, the Americas region reported 75.4% of company's total
international revenue, followed by EMEA 13.1%, and Asia Pacific 11.4%. The
company has entered into various joint venture agreements with international
players based in different regions for ferrous and non-ferrous mining
operation; chemical production; oil and gas asset operation; and other diverse
investments. Besides, Mitsui has established a three-pronged, independent
region-based system that serve as the core pillars of its global strategy. It
focuses on integrating its region-based strategy and the product and
service-based strategy to build an organic global network for its business that
could include the world in its matrix and thereby enabling it to meet the diverse
needs of its customers in each region.Diverse Business OperationMitsui’s
engages in diverse businesses, which enables it to serve various needs of its
diversified customer base. The company’s operations are classifieds into four
business areas such as Mineral Resources and Energy, Global Marketing Networks,
Lifestyle Business and Infrastructure.
|
Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
|
External Origin |
Opportunities Tax Breaks from the UK Government |
Threats Foreign Currency Exchange Rate Risk |
Overview
Mitsui & Co.,
Ltd. (Mitsui) is a Japanese general trading company. It is engaged in the sale,
manufacture, export, import and international trade of products in various
fields. The company has diversified operations, which reduces its dependence on
a single business for revenues. Global business operations with wide oil and
gas asset portfolio have enhanced its business operations. Strategic
acquisitions, prospective shale gas industry in North America and tax breaks
from the UK government could provide the company with various new growth
opportunities. However, volatility in oil and natural gas prices, and stringent
regulations could affect the company’s business.
Strengths
Wide O&G Asset portfolio
Mitsui operates
its oil and gas asset through Energy business unit I. Its oil and gas assets
are located in prospective regions with history of large discoveries. Wide base
of oil and gas assets in prospective location has strengthened the company’s
oil and gas business operations. Energy business unit I carry out the
exploration and production and trading of oil and gas, coal, uranium and other
energy resources. Mitsui’s energy assets are located in Oceania, Southeast
Asia, the Middle East, North America, and Europe. The company holds 40%
interest in each of WA-28-L and WA-271-P exploration block in North West Shelf
area in Australia. It also has 35% interest in Tui area oil field offshore
North Island of New Zealand. The company owns interests in Casino gas &
condensate field and in Henry and Netherby gas fields, in offshore South
Australia. In Oman, the company holds 35% share in Block 9 oilfields and Block
27 oilfields in production. The company has exploration, development and
production projects in Thailand and other Southeast Asian countries along with
the Middle East. In North America, the company has 32.5% working interest in
Marcellus Shale gas project in Pennsylvania, and 12.5% interest in Eagle Ford
shale oil and gas property in Texas. In Europe, the company holds 13.3% and
8.97% working interest respectively in the Alba oil field and the Britania gas
and condensate field in the UK North Sea. In fiscal year ended March 2013, the
company’s oil and gas reserves increased 8.4% to 411MMboe as compared to 379
MMboe in 2012.
Global FootPrint
Mitsui has
operational presence in various geographies, which along with established
network and distribution channel enable it to serve a diverse customer base. As
of July 2013, the company has 410 subsidiaries and associated companies which
comprises of 192 overseas subsidiaries, 76 domestic subsidiaries, 104
associated companies in overseas and 38 domestic associated companies. The
company operates globally through a network of 151 offices with operations
across 67 countries. It has business presence in Japan, North America, Central
America and South America, Europe, Russia and the CIS, Africa, Middle East,
Asia and Oceania. The company categorizes the above locations into three broad
regions, namely, the Americas, EMEA (Europe, Middle East and Africa), and Asia
Pacific. During the fiscal year ended march 2013, the Americas region reported
75.4% of company's total international revenue, followed by EMEA 13.1%, and
Asia Pacific 11.4%. The company has entered into various joint venture
agreements with international players based in different regions for ferrous
and non-ferrous mining operation; chemical production; oil and gas asset
operation; and other diverse investments. Besides, Mitsui has established a
three-pronged, independent region-based system that serve as the core pillars
of its global strategy. It focuses on integrating its region-based strategy and
the product and service-based strategy to build an organic global network for
its business that could include the world in its matrix and thereby enabling it
to meet the diverse needs of its customers in each region.
Diverse Business Operation
Mitsui’s engages
in diverse businesses, which enables it to serve various needs of its
diversified customer base. The company’s operations are classifieds into four
business areas such as Mineral Resources and Energy, Global Marketing Networks,
Lifestyle Business and Infrastructure. It serves customers through a
combination of five functions: marketing, financing, logistics, risk
management, and IT and process development capabilities. Along with its
subsidiaries, the company offers various products and services through its 14
business units, namely, Mineral & Metal Resources Business Unit,
Infrastructure Projects Business Unit, Iron & Steel Products Business Unit,
Motor Vehicles & Construction Machinery Business Unit, Marine &
Aerospace Business Unit, Basic Chemicals Business Unit, Performance Chemicals
Business Unit, Energy Business Unit I, Energy Business Unit II, Foods &
Retail Business Unit, Consumer Service Business Unit, IT Business Unit,
Financial & New Business Unit and Transportation Logistics Business Unit.
Such diversified operations mitigate the business risk associated with any
particular sector.
Weaknesses
Declining Profitability Position
Mitsui reported
decline in its profitability position during 2013. Declining performance
margins could affect the company’s investment decisions. In fiscal year ended
march 2013, the company reported 29.1% decline in net income to JPY 307.9
billion as compared to JPY 434.5 billion in 2012. The decline was due to 6.5%
decline in total revenue to JPY 4,911.6 billion as compared to JPY 5251.6
billion in 2012. The decline in total revenue was due to 7.8% decline in
revenue generated from Iron & Steel Products segment; 4.8% decline from
Mineral & Metal Resources segment; 5.5% decline from Chemicals segment;
18.5% decline from Energy segment; and 12.6% decline from Innovation and Cross
Function segment. Its operating income declined 27.5% to JPY 214.9 billion as
compared to JPY 296.6 billion in 2012. In fiscal year ended march 2013, the
company’s operating costs as a percentage of sales increased to 95.6% as
compared to 94.3% in 2012. Its gross margin, operating margin and net profit
margin declined to 16.1%, 4.4% and 6.3% respectively as compared to 16.7%, 5.6%
and 8.3% respectively in 2012. In 2013, the company’s Return on Equity (ROE),
Return on Capital Employed (ROCE) and Return on Assets (ROA) declined to 9.6%,
2.9% and 2.9% respectively as compared to 16.4%, 4.6% and 4.8% respectively in
2012.
Opportunities
Tax Breaks from the UK Government
Mitsui, through
its direct subsidiary Mitsui E&P UK Limited and indirect subsidiary Mitsui
Oil Exploration Co.,Ltd recently acquired BP p.l.c’s 13.3% and 8.97% working
interest respectively in the Alba oil field and the Britania gas and condensate
field in the UK North Sea. The company’s business operations in the UK North
Sea could get strengthened with various tax breaks from the UK government. The
government introduced a range of tax reliefs, which provide sufficient
incentives to create an environment in which companies of all sizes and
investors have the confidence to take some risk and expand their operations in
the North Sea. More than 90% of new field developments in the UK were eligible
for tax allowances following the 2012 Budget. In March 2012, the Chancellor
announced an increase in the small field allowance, and introduced a new
allowance for large deepwater developments targeting West of Shetland. A new
allowance for shallow water gas field developments was announced by the
government in July 2012. These allowances are similar to those introduced in
2009 for high pressure/ high temperature (HP/HT) and heavy oil projects,
designed to encourage riskier high-cost projects. In September 2012, the UK
government also announced a brownfield allowance, intended to extend the
lifespan of existing fields. Finally, measures announced to provide more
certainty on the decommissioning tax relief, when implemented, should allow
companies to recover cash previously tied up in financial guarantees for
further investment across the North Sea. Support from the UK government for
drilling in the North Sea could further strengthen its E&P operations.
Unconventional Gas Resources in the US
Mitsui has 32.5%
working interest in Marcellus Shale gas project in Pennsylvania, and 12.5%
interest in Eagle Ford shale oil and gas property in Texas. The company could
expand its oil and gas operations in North America with the prospective shale
gas assets. According to BP Statistical Review 2012, natural gas production in
the US was estimated to be about 595.1 billion cubic meters (bcm) in 1970,
which declined to about 549.4bcm in 1980. During this time, the development of
shale gas gained momentum in the US and it is expected to have technically
recoverable shale gas resources of about 862tcf. Shale gas development helped
the US decrease its natural gas imports, which fell from 2,604bcf in 2010 to
about 1,949bcf in 2011. The major shale gas plays in North America are the
Marcellus Shale, Antrim Shale, Haynesville Shale, Fayetteville Shale, Barnett
Shale and Montney Shale. Of the total natural gas production of 23tcf in the
US, shale gas production reached 7.8tcf in 2011. With increasing shale gas
production, the US met almost 95% of its domestic natural gas demand in 2011.
The availability of large reserves of shale gas is sufficient to meet the
growing domestic natural gas demand for many years. Natural gas production in
the US is expected to increase from 23tcf in 2011 to about 33.1tcf in 2040. As
part of the increased natural gas production, shale gas production is expected
to reach 16.7tcf in 2040.
Strategic Acquisitions
Strategic
acquisitions offer a growth opportunity for the company, especially while
foraying new markets or launching new products or services. With increasing
competition in the industry, it becomes very important for a player to have a
diversified geographical and product portfolio. In January 2013, Mitsui
acquired an additional 27.29% of the shares of Arch Pharmalabs Limited (Arch).
Arch is an Indian pharmaceutical intermediates and Active Pharmaceutical
Ingredient (API) Contract Manufacturing Organization (CMO) providing services
to manufacturers in Europe and the US, besides manufacturing and selling APIs
for generic drugs to emerging countries. By increasing its stake in Arch, the
company aims to strengthen its CMO business platform and capitalize on India's
emerging pharmaceutical manufacturing capabilities that would enable it provide
CMO business for branded drug manufacturers globally. Mitsui also acquired Paul
Stuart Inc. (Paul Stuart), a luxury apparel and accessory retailer. Through
this acquisition, the company would secure access to the brand's worldwide
trademark, which is registered in more than 30 countries in the Americas,
Europe and Asia, thereby enabling it to expand its business to a full-scale
global brand business. Mitsui agreed with Gestamp Automocion, S.L. (GA) to
purchase up to 30% stake in controlling companies of GA's North and South
American operations (GA's Americas Companies), and also entered into definitive
agreements in January 2013. GA's Americas Companies operate 15 automotive parts
manufacturing plants in the US, Mexico, Brazil and Argentina. In December 2012,
the company signed an agreement with a grain accumulator in Australia, Plum Grove
Pty Ltd (Plum Grove), for a 25% stake in it. With this participation, Mitsui
could strengthen its grain accumulation business in Australia that could enable
it to contribute to market Western Australian wheat to the Japanese market. It
also intends to expand its global grain distribution reach to the Asian and
Middle Eastern markets. In November 2012, Mitsui and Energy Advance Co., Ltd.
(ENAC) announced their intention to acquire all of the shares of the holding
company of Ecogen Brasil Solucoes Energeticas S.A. (Ecogen) through a
jointly-established investment subsidiary. Such strategic acquisitions would
support the company's plans to diversify its business into other markets.
Threats
Foreign Currency Exchange Rate Risk
Exchange rate
volatility could have an adverse effect on the company's financial results. The
company is geographically diversified and has operations in most parts of the
world. The asset values, earnings and cash flows are influenced by a range of
currencies. A substantial portion of overseas sales could be affected by
foreign currency exchange rate fluctuations. A significant portion of revenues
generated from overseas business operations are denominated in currencies other
than the Japanese yen. The company's sales are in various currencies such as US
dollar, Australian dollar, and the Brazilian Real, among other currencies. It
is exposed to currency risks associated with the purchases, sales and
borrowings from different markets. Changes in the exchange rates could affect
the consolidated results of operations and thereby impact its overall
profitability.
Volatility in Oil & Natural Gas Prices
The company’s
revenue, profitability, and rate of growth are substantially dependent on
prices of oil and natural gas. In recent years, increase in the demand for
crude oil and depletion in the oil reserves resulted in increase in the prices
of crude oil and oil products across the world. Oil prices and markets have
been extremely volatile in the recent years. Prices are affected by numerous factors
such as market supply and demand, political and economic conditions, and the
ability of the Organization of Petroleum Exporting Countries (OPEC) to set and
maintain production and price targets. In 2008, the Brent spot freight on board
(FOB) price showed a 58% decrease from $93.67/bbl in 2007 to $39.34/bbl. In
2011, the prices for both Brent and WTI showed a significant rise from the 2010
figure. Brent averaged at $111/bbl and WTI averaged at $95 /bbl in 2011. Prices
fluctuated rapidly between 2007 and 2011. Moreover, the price of WTI showed
fluctuation in 2012, from approximately $108/bbl in February 2012 to
approximately $83/bbl in July 2012. Similarly, Brent was at $120/bbl in
February 2012 and then declined to approximately $90/bbl in July 2012. According
to the US EIA, the price of WTI is expected to fluctuate between a lower limit
of $80/bbl to a higher limit of $110/bbl in 2013 to lower limit of $40/bbl and
higher limit of $180/bbl in 2014. Natural gas spot prices averaged $3.34 per
MMBtu at the Henry Hub in December 2012, a decline of $0.20 per MMBtu from the
November 2012 average price and $0.17 per MMBtu more than the December 2011
average price. Through 2014, EIA expects prices will gradually rise but still
remain relatively low. EIA expects the Henry Hub price will average $3.74 per
MMBtu in 2013 and $3.90 per MMBtu in 2014, as compared to $2.75 per MMBtu in
2012. Natural gas futures prices for April 2013 delivery averaged $3.38 per
MMBtu. The lower and upper price range for April 2013 contracts is estimated to
be approximately $2.42 per MMBtu and $4.73 per MMBtu, respectively. At this
time a year ago, the prices stood at $2.15 per MMBtu and $4.49 per MMBtu. As a
result of the uncertainties over the supply and demand of these commodities, petroleum
prices are expected to remain volatile in the near future, which could affect
profitability of the company. Any such volatility in oil and gas prices could
adversely affect the company's results of operations, financial condition, and
future growth rate.
Challenge of Environmental Regulations
The company could
be affected by the environmental regulations governing the global chemical
industry. REACH (Registration Evaluation and Authorization of Chemicals), in
Europe, is an example of the stringent environmental regulations that impact
chemical producers. REACH regulates the products manufactured and marketed in
Europe. Phased over a period of 11 years, the regulation mandates all companies
to develop and submit dossiers containing data sets about their chemical
products and detail their potential impact and risk on environment. This could
be a challenge while launching new products as the process is time-consuming
and expensive. It may also result in phasing out many existing chemicals from
the market, which are regarded as toxic and hazardous. REACH directly applies
to over 30,000 different chemical substances that are produced or sold in
Europe and its implementation is expected to cost European chemical industry
about $3 billion. Other countries too are expected to model their regulations
on the principles of REACH. The US has already begun implementing similar
regulations with the reform of Toxic Substances Control Act. China has its own
version: RoHS (Restriction of Hazardous Substances), which restricts the use of
certain chemicals in the market. Such stringent environmental regulations are
set to tighten in the coming years, affecting both existing and new products
for the company.
|
Corporate Family |
Corporate Structure News: |
|
Mitsui & Co.
Ltd. |
|
|
Mitsui & Co. Ltd. |
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Chiyoda-Ku |
Japan |
Metal Products Manufacturing |
59,197.1 |
45,148 |
|
|
|
Asset/product line
recently purchased by GDF Suez SA.See corporate structure news on
Mitsui & Co. Ltd. for details |
|||||||
|
Subsidiary |
Shinagawa-Ku |
Japan |
Metal Products Manufacturing |
5,028.5 |
10,154 |
|
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Metal Products Manufacturing |
142.4 |
500 |
|
|
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Machinery and Equipment Manufacturing |
160.8 |
468 |
|
|
|
Subsidiary |
Taichung City |
Taiwan |
Metal Products Manufacturing |
400 |
|
||
|
Subsidiary |
Nantou City, Nantou |
Taiwan |
Metal Products Manufacturing |
370 |
|
||
|
Subsidiary |
Sumida-Ku |
Japan |
Specialty Construction Trade Contractors |
263.2 |
326 |
|
|
|
Facility |
Oita |
Japan |
Architecture and Engineering |
45 |
|
||
|
Subsidiary |
Monrovia, CA |
United States |
Architecture and Engineering |
21.5 |
8 |
|
|
|
Subsidiary |
Petaling Jaya, Selangor Darul Ehsan |
Malaysia |
Architecture and Engineering |
18.8 |
6 |
|
|
|
Subsidiary |
San Isidro |
Peru |
Metals Mining |
80.9 |
237 |
|
|
|
Subsidiary |
Hachinohe, Aomori |
Japan |
Metal Products Manufacturing |
177.7 |
210 |
|
|
|
Subsidiary |
Muang, Chon Buri |
Thailand |
Non-Metallic Mineral Product Manufacturing |
197 |
|
||
|
Subsidiary |
Zhuhai, Guangdong |
China |
Basic Chemical Manufacturing |
28.4 |
100 |
|
|
|
Subsidiary |
Suzhou, Jiangsu |
China |
Metal Products Manufacturing |
40.7 |
60 |
|
|
|
Subsidiary |
Hoosick Falls, NY |
United States |
Metal Products Manufacturing |
40.0 |
30 |
|
|
|
Subsidiary |
Tsim Sha Tsui, Kowloon |
Hong Kong |
Metals and Minerals Wholesale |
10 |
|
||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Motor Vehicle Parts Manufacturing |
590.4 |
|
||
|
Subsidiary |
Wuxi, Jiangsu |
China |
Motor Vehicle Parts Manufacturing |
670 |
|
||
|
Subsidiary |
Ammanford |
United Kingdom |
Motor Vehicle Parts Manufacturing |
32.6 |
109 |
|
|
|
Subsidiary |
Fujisawa, Kanagawa |
Japan |
Trucking |
22.2 |
|
||
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Miscellaneous Professional Services |
12.2 |
|
||
|
Subsidiary |
Sumida-Ku, Tokyo |
Japan |
Metals and Minerals Wholesale |
433.4 |
|
||
|
Subsidiary |
Hida, Gifu |
Japan |
Metals Mining |
387.4 |
|
||
|
Subsidiary |
Hida, Gifu |
Japan |
Motor Vehicle Repair and Maintenance |
2.3 |
113 |
|
|
|
Subsidiary |
Kyoto, Kyoto |
Japan |
Metal Products Manufacturing |
136.4 |
|
||
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Metal Products Manufacturing |
112.4 |
|
||
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Metal Products Manufacturing |
1.2 |
75 |
|
|
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Basic Chemical Manufacturing |
95.3 |
|
||
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Metal Products Manufacturing |
82.4 |
|
||
|
Subsidiary |
Hida, Gifu |
Japan |
Metal Products Manufacturing |
59.4 |
|
||
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Metal Products Manufacturing |
48.9 |
|
||
|
Subsidiary |
Iruma, Saitama |
Japan |
Non-Metallic Mineral Product Manufacturing |
41.1 |
|
||
|
Subsidiary |
Funabashi, Chiba |
Japan |
Non-Metallic Mineral Product Manufacturing |
30.5 |
|
||
|
Subsidiary |
Tatebayashi, Gunma |
Japan |
Machinery and Equipment Manufacturing |
30.3 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Life and Health Insurance |
10,000 |
|
||
|
Joint Venture |
Tokyo |
Japan |
Computer System Design Services |
8,751 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Residential and Commercial Building Construction |
2,771 |
|
||
|
Subsidiary |
Chuo-Ku |
Japan |
Residential and Commercial Building Construction |
1,864.0 |
2,246 |
|
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
2,045 |
|
||
|
Asset/product
line recently purchased by Marathon Petroleum Corp.See corporate
structure news on
Mitsui & Co. Ltd. for details |
|||||||
|
Subsidiary |
Louisville, KY |
United States |
Metal Products Manufacturing |
876.1 |
1,194 |
|
|
|
Subsidiary |
Guadalupe |
Mexico |
Metal Products Manufacturing |
150 |
|
||
|
Branch |
Eminence, KY |
United States |
Metal Products Manufacturing |
197.3 |
147 |
|
|
|
Branch |
Portage, IN |
United States |
Metal Products Manufacturing |
149.6 |
130 |
|
|
|
Branch |
Canton, MI |
United States |
Metals and Minerals Wholesale |
419.7 |
125 |
|
|
|
Branch |
Ghent, KY |
United States |
Metal Products Manufacturing |
138.3 |
103 |
|
|
|
Branch |
Willoughby, OH |
United States |
Metal Products Manufacturing |
0.7 |
100 |
|
|
|
Branch |
Flint, MI |
United States |
Metal Products Manufacturing |
0.4 |
100 |
|
|
|
Branch |
Huger, SC |
United States |
Metal Products Manufacturing |
105.9 |
98 |
|
|
|
Branch |
Ottawa, OH |
United States |
Metal Products Manufacturing |
54.2 |
50 |
|
|
|
Branch |
Clinton, NC |
United States |
Machinery and Equipment Manufacturing |
16.9 |
50 |
|
|
|
Branch |
Greensburg, IN |
United States |
Metal Products Manufacturing |
75.0 |
40 |
|
|
|
Branch |
Madison, MS |
United States |
Specialized Design Services |
4.1 |
36 |
|
|
|
Branch |
Eminence, KY |
United States |
Metal Products Manufacturing |
20.1 |
15 |
|
|
|
Branch |
Livonia, MI |
United States |
Metal Products Manufacturing |
16.8 |
15 |
|
|
|
Branch |
Eminence, KY |
United States |
Miscellaneous Amusement and Recreation |
0.2 |
4 |
|
|
|
Branch |
Decatur, AL |
United States |
Metal Products Manufacturing |
6.8 |
3 |
|
|
|
Branch |
Wilmington, NC |
United States |
Specialty Construction Trade Contractors |
0.4 |
2 |
|
|
|
Subsidiary |
Phoenix, AZ |
United States |
Machinery Wholesale |
35.9 |
345 |
|
|
|
Subsidiary |
Saltillo, Coahuila |
Mexico |
Machinery Wholesale |
156.2 |
432 |
|
|
|
Subsidiary |
Columbia, MD |
United States |
Miscellaneous Wholesale |
100 |
|
||
|
Branch |
Nashville, TN |
United States |
Investment Services |
70 |
|
||
|
Subsidiary |
Irvine, CA |
United States |
Real Estate Agents and Brokers |
65 |
|
||
|
Branch |
Beaumont, CA |
United States |
Real Estate Agents and Brokers |
0.7 |
3 |
|
|
|
Subsidiary |
Ipswich, MA |
United States |
Metal Products Manufacturing |
9.8 |
50 |
|
|
|
Branch |
Houston, TX |
United States |
Legal Services |
6.2 |
50 |
|
|
|
Subsidiary |
Norwood, NJ |
United States |
Grocery Wholesale |
50 |
|
||
|
Branch |
Los Angeles, CA |
United States |
Grocery Stores |
4.2 |
15 |
|
|
|
Unit |
Oakland, CA |
United States |
Miscellaneous Professional Services |
|
|||
|
Unit |
Los Angeles, CA |
United States |
Grocery Wholesale |
|
|||
|
Subsidiary |
Franklin Lakes, NJ |
United States |
Machinery Wholesale |
8.8 |
40 |
|
|
|
Subsidiary |
Houston, TX |
United States |
Petroleum and Natural Gas Extraction |
4.4 |
40 |
|
|
|
Subsidiary |
Franklin, TN |
United States |
Petroleum Wholesale |
40 |
|
||
|
Branch |
Littleton, CO |
United States |
Petroleum Product Manufacturing |
35.4 |
4 |
|
|
|
Branch |
Chicago, IL |
United States |
Investment Services |
39 |
|
||
|
Subsidiary |
White Plains, NY |
United States |
Synthetic Chemical Manufacturing |
25 |
|
||
|
Branch |
Atlanta, GA |
United States |
Miscellaneous Wholesale |
24.7 |
10 |
|
|
|
Branch |
Torrance, CA |
United States |
Synthetic Chemical Manufacturing |
10.8 |
9 |
|
|
|
Branch |
Troy, MI |
United States |
Miscellaneous Store Retailers |
1.5 |
7 |
|
|
|
Subsidiary |
Carson, CA |
United States |
Railroad Transportation Services |
18 |
|
||
|
Branch |
Richfield, OH |
United States |
Metal Products Manufacturing |
2.9 |
9 |
|
|
|
Branch |
Washington, DC |
United States |
Investment Services |
8 |
|
||
|
Branch |
Menlo Park, CA |
United States |
Investment Services |
8 |
|
||
|
Subsidiary |
San Jose, CA |
United States |
Electricity Generation and Distribution |
1.8 |
7 |
|
|
|
Branch |
Portland, OR |
United States |
Miscellaneous Wholesale |
14.7 |
6 |
|
|
|
Branch |
Seattle, WA |
United States |
Miscellaneous Professional Services |
14.1 |
5 |
|
|
|
Branch |
Irvine, CA |
United States |
Miscellaneous Wholesale |
10.8 |
4 |
|
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
4.3 |
3 |
|
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Chemical Wholesale |
52.4 |
|
||
|
Subsidiary |
Bournemouth |
United Kingdom |
Food Manufacturing |
|
|||
|
Subsidiary |
Flushing, NY |
United States |
Consulting Services |
|
|||
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Wholesale |
|
|||
|
Subsidiary |
New York, NY |
United States |
Investment Services |
|
|||
|
Subsidiary |
Brea, CA |
United States |
Food Manufacturing |
|
|||
|
Subsidiary |
Chicago, IL |
United States |
Motor Vehicle Rental |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Commercial Real Estate Leasing |
370.1 |
1,800 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Manufacturing |
1,141 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Furniture Manufacturing |
800 |
|
||
|
Subsidiary |
São Paulo, SP |
Brazil |
Food Manufacturing |
750 |
|
||
|
Subsidiary |
Santos, Sao Paulo |
Brazil |
Food Manufacturing |
700 |
|
||
|
Subsidiary |
Diadema, Sao Paulo |
Brazil |
Trucking |
94.0 |
697 |
|
|
|
Branch |
Garin, Buenos Aires |
Argentina |
Trucking |
15.6 |
58 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Metal Products Manufacturing |
665 |
|
||
|
Subsidiary |
Ota, Gunma |
Japan |
Metals and Minerals Wholesale |
142.7 |
47 |
|
|
|
Subsidiary |
Kitakyushu, Fukuoka |
Japan |
Metals and Minerals Wholesale |
216.6 |
|
||
|
Branch |
Chiyoda-Ku, Tokyo |
Japan |
Metals and Minerals Wholesale |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Chemical Wholesale |
3,374.8 |
583 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Chemical Wholesale |
32.4 |
4 |
|
|
|
Subsidiary |
Yuen Long, New Territories |
Hong Kong |
Machinery Wholesale |
|
|||
|
Subsidiary |
Oita, Prefecture |
Japan |
Communications Equipment Manufacturing |
178.5 |
500 |
|
|
|
Subsidiary |
Kitakyushu, Fukuoka |
Japan |
Electronics Wholesale |
52.2 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Clothing and Apparel Manufacturing |
1,217.5 |
382 |
|
|
|
Subsidiary |
Tsim Sha Tsui East, Kowloon |
Hong Kong |
Clothing and Apparel Wholesale |
15.9 |
40 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Civil Engineering |
374 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Metal Products Manufacturing |
3,296.6 |
340 |
|
|
|
Unit |
Sakai, Osaka |
Japan |
Metal Products Manufacturing |
30 |
|
||
|
MITSUI
BUSSAN METALS CO., LTD. - CHUBU SCRAP & FERRO ALLOY DIVISION |
Division |
Nagoya |
Japan |
Metal Products Manufacturing |
30 |
|
|
|
MITSUI
BUSSAN METALS CO., LTD. - OSAKA SCRAP & FERRO ALLOY DIVISION |
Division |
Osaka |
Japan |
Metal Products Manufacturing |
20 |
|
|
|
MITSUI
BUSSAN METALS CO., LTD. - CHUBU NON-FERROUS METALS SALES DIVISION |
Division |
Nagoya |
Japan |
Metal Products Manufacturing |
10 |
|
|
|
Branch |
Himeji, Hyogo |
Japan |
Miscellaneous Wholesale |
|
|||
|
Branch |
Oita, Oita |
Japan |
Miscellaneous Wholesale |
|
|||
|
MITSUI
BUSSAN METALS CO., LTD. - IRON MAKING RAW MATERIALS UNIT |
Unit |
Tokyo |
Japan |
Metal Products Manufacturing |
|
||
|
MITSUI
BUSSAN METALS CO., LTD. - METALLURGICAL COAL DIVISION |
Division |
Tokyo |
Japan |
Metal Products Manufacturing |
300 |
|
|
|
Division |
Tokyo |
Japan |
Metals Mining |
20 |
|
||
|
Division |
Sapporo, Hokkaido |
Japan |
Metal Products Manufacturing |
|
|||
|
Division |
Toyama |
Japan |
Metal Products Manufacturing |
|
|||
|
MITSUI
BUSSAN METALS CO., LTD. - OSAKA NON-FERROUS METALS SALES DIVISION |
Division |
Osaka |
Japan |
Metal Products Manufacturing |
|
||
|
Division |
Sendai |
Japan |
Metal Products Manufacturing |
|
|||
|
MITSUI
BUSSAN METALS CO., LTD. - CHUGOKU AND SHIKOKU BUSINESS DIVISION |
Division |
Hiroshima |
Japan |
Metals and Minerals Wholesale |
|
||
|
Division |
Niigata |
Japan |
Metals and Minerals Wholesale |
|
|||
|
Division |
Fukuoka |
Japan |
Metals and Minerals Wholesale |
|
|||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Wholesale |
120.9 |
322 |
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Miscellaneous Wholesale |
41.2 |
91 |
|
|
|
Subsidiary |
Derby |
United Kingdom |
Trucking |
17.5 |
87 |
|
|
|
Subsidiary |
Chelmsford |
United Kingdom |
Miscellaneous Professional Services |
3.1 |
58 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
2.0 |
|
||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
2 |
|
||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
Bristol |
United Kingdom |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
Bristol |
United Kingdom |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
Bristol |
United Kingdom |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
Bristol |
United Kingdom |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
London |
United Kingdom |
Commercial and Industrial Rental |
|
|||
|
Subsidiary |
Bangkok |
Thailand |
Metals Mining |
300 |
|
||
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Road Transportation Services |
8.2 |
51 |
|
|
|
Subsidiary |
Pathumwan, Bangkok |
Thailand |
Specialty Construction Trade Contractors |
162.3 |
10 |
|
|
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Insurance Agents |
8 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Petroleum Product Manufacturing |
300 |
|
||
|
Subsidiary |
Chon Buri |
Thailand |
Motor Vehicle Wholesale |
250 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Pharmaceutical Manufacturing |
233 |
|
||
|
Subsidiary |
Shenzhen, Guangdong Province |
China |
Pharmaceutical Manufacturing |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Chemical Manufacturing |
|
|||
|
Subsidiary |
Shunan, Yamaguchi |
Japan |
Miscellaneous Chemical Manufacturing |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Pharmaceutical Manufacturing |
|
|||
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Metals and Minerals Wholesale |
1,560.6 |
230 |
|
|
|
Subsidiary |
Warsaw |
Poland |
Miscellaneous Professional Services |
20 |
|
||
|
Subsidiary |
Prague |
Czech Republic |
Miscellaneous Professional Services |
20 |
|
||
|
Subsidiary |
Bucharest |
Romania |
Miscellaneous Professional Services |
9 |
|
||
|
Subsidiary |
Budapest |
Hungary |
Miscellaneous Professional Services |
6 |
|
||
|
Subsidiary |
Petite Foret |
France |
Data Processing |
43.8 |
224 |
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Chemical Manufacturing |
223 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Electronics Wholesale |
435.2 |
210 |
|
|
|
Subsidiary |
Maarssen, Utrecht |
Netherlands |
Motor Vehicle Parts Manufacturing |
178.5 |
201 |
|
|
|
Subsidiary |
Shanghai |
China |
Electronics Wholesale |
923.9 |
200 |
|
|
|
Subsidiary |
New York, NY |
United States |
Clothing and Apparel Stores |
45.0 |
200 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Petroleum Wholesale |
200 |
|
||
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Metals Mining |
200 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Cement and Concrete Product Manufacturing |
200 |
|
||
|
Subsidiary |
Bangkok |
Thailand |
Banking |
200 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Consulting Services |
187 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Air Transportation Services |
153 |
|
||
|
Subsidiary |
Taipei |
Taiwan |
Metals Mining |
150 |
|
||
|
Branch |
Kaohsiung |
Taiwan |
Metals Mining |
20 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Petroleum and Natural Gas Extraction |
1,266.8 |
140 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Petroleum and Natural Gas Extraction |
150 |
|
||
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Petroleum and Natural Gas Extraction |
70 |
|
||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Petroleum and Natural Gas Extraction |
41.6 |
1 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Petroleum and Natural Gas Extraction |
76.8 |
|
||
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
London |
United Kingdom |
Petroleum and Natural Gas Extraction |
|
|||
|
Subsidiary |
Phnom Penh |
Cambodia |
Petroleum and Natural Gas Extraction |
|
|||
|
Subsidiary |
Jakarta |
Indonesia |
Petroleum and Natural Gas Extraction |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Wholesale |
140 |
|
||
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Food Manufacturing |
23.8 |
705 |
|
|
|
Subsidiary |
Shanghai |
China |
Metals Mining |
140 |
|
||
|
Subsidiary |
Ota-Ku, Tokyo |
Japan |
Airlines |
52.5 |
130 |
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Metals Mining |
120 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Transportation Equipment Wholesale |
120 |
|
||
|
Subsidiary |
Jakarta |
Indonesia |
Metals Mining |
120 |
|
||
|
Subsidiary |
Bekasi, West Java |
Indonesia |
Paper Wholesale |
10 |
|
||
|
Subsidiary |
Shanghai |
China |
Machinery Wholesale |
118 |
|
||
|
Subsidiary |
Bangkok |
Thailand |
Machinery Wholesale |
|
|||
|
Subsidiary |
Beijing |
China |
Metals Mining |
16.9 |
110 |
|
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Motor Vehicle Wholesale |
110 |
|
||
|
Branch |
Rio de Janeiro, RJ |
Brazil |
Miscellaneous Professional Services |
45 |
|
||
|
Branch |
Belo Horizonte, MG |
Brazil |
Metals Mining |
|
|||
|
Subsidiary |
Singapore |
Singapore |
Holding Companies |
5,490.7 |
104 |
|
|
|
Subsidiary |
Makati |
Philippines |
Chemical Wholesale |
50 |
|
||
|
Subsidiary |
New Delhi |
India |
Miscellaneous Professional Services |
100 |
|
||
|
Branch |
New Delhi |
India |
Construction Machinery Manufacturing |
350 |
|
||
|
Branch |
Mumbai |
India |
Miscellaneous Professional Services |
60 |
|
||
|
Branch |
Chennai, Guindy |
India |
Miscellaneous Professional Services |
16 |
|
||
|
Branch |
Kolkata |
India |
Miscellaneous Professional Services |
15 |
|
||
|
Branch |
Goa |
India |
Miscellaneous Chemical Manufacturing |
6 |
|
||
|
Branch |
Bengaluru, Karnataka |
India |
Nonclassifiable Establishments |
|
|||
|
Subsidiary |
Makati |
Philippines |
Miscellaneous Professional Services |
100 |
|
||
|
Subsidiary |
Seoul |
Korea, Republic of |
Metals Mining |
100 |
|
||
|
Subsidiary |
Jakarta |
Indonesia |
Metals Mining |
100 |
|
||
|
Subsidiary |
Shanghai, Shanghai |
China |
Chemical Wholesale |
100 |
|
||
|
Subsidiary |
Moscow |
Russian Federation |
Investment Services |
95 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Investigation and Security Services |
95 |
|
||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
74.6 |
93 |
|
|
|
Subsidiary |
Osaka |
Japan |
Clothing and Apparel Wholesale |
91 |
|
||
|
Subsidiary |
Seoul |
Korea, Republic of |
Metals Mining |
90 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Paper Product Manufacturing |
90 |
|
||
|
Subsidiary |
Ichihara, Chiba |
Japan |
Metal Products Manufacturing |
64.4 |
89 |
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Machinery Wholesale |
6.4 |
82 |
|
|
|
Subsidiary |
Toronto, ON |
Canada |
Machinery Wholesale |
3,720.9 |
80 |
|
|
|
Branch |
Vancouver, BC |
Canada |
Investment Services |
15 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Petroleum Wholesale |
80 |
|
||
|
Subsidiary |
Yachiyo, Chiba |
Japan |
Metal Products Manufacturing |
55.1 |
79 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Metals and Minerals Wholesale |
310.0 |
75 |
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Professional Services |
67 |
|
||
|
Subsidiary |
Tehran |
Iran |
Metals Mining |
60 |
|
||
|
Subsidiary |
Mexico |
Mexico |
Metals Mining |
60 |
|
||
|
Subsidiary |
Fukuoka |
Japan |
Construction and Hardware Materials Wholesale |
56 |
|
||
|
Subsidiary |
Shibuya-Ku, Tokyo |
Japan |
Cable and Other Program Distribution |
61.2 |
55 |
|
|
|
Subsidiary |
Makati |
Philippines |
Machinery Wholesale |
51 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Motor Vehicle Wholesale |
84.7 |
50 |
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Holding Companies |
50 |
|
||
|
Subsidiary |
Chittagong |
Bangladesh |
Miscellaneous Professional Services |
45 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Metals and Minerals Wholesale |
44 |
|
||
|
Subsidiary |
Paris |
France |
Miscellaneous Professional Services |
377.4 |
40 |
|
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Miscellaneous Professional Services |
40 |
|
||
|
Branch |
Sydney, NSW |
Australia |
Metals and Minerals Wholesale |
914.8 |
51 |
|
|
|
Mitsui Coal Holdings Pty Ltd |
Subsidiary |
|
|||||
|
Branch |
Perth, WA |
Australia |
Miscellaneous Professional Services |
25 |
|
||
|
Branch |
Brisbane, QLD |
Australia |
Miscellaneous Professional Services |
10 |
|
||
|
Subsidiary |
Melbourne, VIC |
Australia |
Construction and Hardware Materials Wholesale |
9 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Consulting Services |
40 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
40 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Electronics Wholesale |
40 |
|
||
|
Subsidiary |
Calamba, Laguna |
Philippines |
Commercial Real Estate Leasing |
50 |
|
||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Chemical Wholesale |
44.4 |
39 |
|
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemical Wholesale |
639.7 |
36 |
|
|
|
Subsidiary |
Guangzhou |
China |
Metals Mining |
35 |
|
||
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Professional Services |
4.4 |
32 |
|
|
|
Subsidiary |
Perth, WA |
Australia |
Petroleum and Natural Gas Extraction |
32 |
|
||
|
Subsidiary |
Ritthem, Zeeland |
Netherlands |
Metal Products Manufacturing |
103.1 |
30 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Chemical Manufacturing |
30 |
|
||
|
Subsidiary |
Zhuhai, Guangdong |
China |
Metal Products Manufacturing |
6.4 |
100 |
|
|
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Construction Machinery Manufacturing |
16.7 |
|
||
|
Subsidiary |
Bogota |
Colombia |
Metals Mining |
30 |
|
||
|
Subsidiary |
Karachi |
Pakistan |
Miscellaneous Professional Services |
30 |
|
||
|
Subsidiary |
Sandton |
South Africa |
Metals and Minerals Wholesale |
30 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
30 |
|
||
|
Subsidiary |
Santiago |
Chile |
Metals Mining |
30 |
|
||
|
Subsidiary |
Dhaka |
Bangladesh |
Miscellaneous Professional Services |
30 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Commercial and Industrial Rental |
30 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Motor Vehicle Rental |
30 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Shipping and Water Transportation Services |
101.3 |
25 |
|
|
|
Subsidiary |
Libreville |
Gabon |
Commercial and Industrial Rental |
150 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Holding Companies |
100 |
|
||
|
Subsidiary |
Jakarta |
Indonesia |
Shipping and Water Transportation Services |
50 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Shipping and Water Transportation Services |
|
|||
|
Subsidiary |
Jakarta |
Indonesia |
Shipping and Water Transportation Services |
|
|||
|
Subsidiary |
Kwai Chung, New Territories |
Hong Kong |
Specialty Construction Trade Contractors |
10 |
|
||
|
Subsidiary |
Kwai Chung, New Territories |
Hong Kong |
Shipping and Water Transportation Services |
6 |
|
||
|
Subsidiary |
Changwon, Gyeongsangnam-do |
Korea, Republic of |
Specialty Construction Trade Contractors |
|
|||
|
Subsidiary |
Singapore |
Singapore |
Computer Programming |
|
|||
|
Subsidiary |
Singapore |
Singapore |
Investment Services |
|
|||
|
Subsidiary |
Singapore |
Singapore |
Specialty Construction Trade Contractors |
80 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Specialty Construction Trade Contractors |
|
|||
|
Subsidiary |
Singapore |
Singapore |
Specialty Construction Trade Contractors |
|
|||
|
Subsidiary |
Jakarta |
Indonesia |
Shipping and Water Transportation Services |
|
|||
|
Subsidiary |
Jakarta |
Indonesia |
Shipping and Water Transportation Services |
|
|||
|
Subsidiary |
Buenos Aires |
Argentina |
Miscellaneous Professional Services |
25 |
|
||
|
Subsidiary |
Esentepe, Istanbul |
Turkey |
Miscellaneous Professional Services |
25 |
|
||
|
Subsidiary |
Caracas |
Venezuela |
Metals Mining |
23 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Civil Engineering |
22 |
|
||
|
Subsidiary |
Vancouver, BC |
Canada |
Machinery Wholesale |
21 |
|
||
|
Subsidiary |
Osborne Park, WA |
Australia |
Forestry and Logging |
36.2 |
20 |
|
|
|
Subsidiary |
Madrid |
Spain |
Chemical Wholesale |
20 |
|
||
|
Subsidiary |
Shenzhen, Guangdong |
China |
Metals Mining |
20 |
|
||
|
Subsidiary |
Al Khobar |
Saudi Arabia |
Miscellaneous Professional Services |
20 |
|
||
|
Subsidiary |
Istanbul |
Turkey |
Chemical Wholesale |
20 |
|
||
|
Bussan
Sumisho Carbon Enagy Co.,Ltd.(A Mitsui&Co.,Ltd.& Sumitomo Corp
Alliance) |
Subsidiary |
Bunkyo-Ku, Tokyo |
Japan |
Metals and Minerals Wholesale |
363.9 |
19 |
|
|
Subsidiary |
Pusan, Pusan |
Korea, Republic of |
Storage and Warehousing |
3.5 |
19 |
|
|
|
Subsidiary |
Kuwait |
Kuwait |
Miscellaneous Professional Services |
18 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
17 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
16 |
|
||
|
Subsidiary |
Sumida-Ku, Tokyo |
Japan |
Electrical Equipment and Appliances Manufacturing |
64.5 |
|
||
|
Subsidiary |
Stockholm |
Sweden |
Metals Mining |
162.4 |
15 |
|
|
|
Subsidiary |
Giza, ARE |
Egypt |
Miscellaneous Professional Services |
15 |
|
||
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Transportation Services |
15 |
|
||
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Petroleum Wholesale |
1,202.7 |
14 |
|
|
|
Subsidiary |
Calgary, AB |
Canada |
Machinery Wholesale |
14 |
|
||
|
Subsidiary |
Tianjin |
China |
Metals Mining |
14 |
|
||
|
Subsidiary |
Central |
Hong Kong |
Metals and Minerals Wholesale |
14 |
|
||
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Chemical Wholesale |
13 |
|
||
|
Subsidiary |
Oslo |
Norway |
Electronics Wholesale |
191.0 |
12 |
|
|
|
Subsidiary |
Abu Dhabi |
United Arab Emirates |
Miscellaneous Professional Services |
12 |
|
||
|
Subsidiary |
Yangon |
Myanmar (Burma) |
Miscellaneous Professional Services |
10 |
|
||
|
Subsidiary |
Casablanca |
Morocco |
Miscellaneous Professional Services |
10 |
|
||
|
Subsidiary |
Lagos |
Nigeria |
Miscellaneous Professional Services |
10 |
|
||
|
Subsidiary |
Lahore |
Pakistan |
Miscellaneous Professional Services |
10 |
|
||
|
Subsidiary |
Dalian, Zhongshan Lu |
China |
Metals Mining |
10 |
|
||
|
Subsidiary |
Tokyo |
Japan |
Clothing and Apparel Manufacturing |
8.9 |
9 |
|
|
|
Subsidiary |
Auckland |
New Zealand |
Miscellaneous Professional Services |
95.5 |
8 |
|
|
|
Subsidiary |
Barcelona |
Spain |
Miscellaneous Professional Services |
8 |
|
||
|
Subsidiary |
Bruxelles |
Belgium |
Agricultural Chemical Manufacturing |
98.8 |
7 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Investment Services |
7 |
|
||
|
Subsidiary |
Lisbon |
Portugal |
Miscellaneous Professional Services |
7 |
|
||
|
Subsidiary |
Ruwi |
Oman |
Wireless Telecommunications Carriers |
7 |
|
||
|
Subsidiary |
London |
United Kingdom |
Holding Companies |
496.5 |
6 |
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Banking |
39.2 |
|
||
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Petroleum and Natural Gas Extraction |
|
|||
|
Subsidiary |
Amman |
Jordan |
Miscellaneous Professional Services |
5 |
|
||
|
Subsidiary |
Islamabad |
Pakistan |
Miscellaneous Professional Services |
3 |
|
||
|
Subsidiary |
Montreal, QC |
Canada |
Machinery Wholesale |
3 |
|
||
|
Subsidiary |
Dublin |
Ireland |
Miscellaneous Professional Services |
3 |
|
||
|
Subsidiary |
Perth, WA |
Australia |
Metals and Minerals Wholesale |
952.4 |
2 |
|
|
|
Subsidiary |
Manama |
Bahrain |
Machinery Wholesale |
2 |
|
||
|
Companhia
de Desenvolvimento E Modernização de Plantas Industriais |
Subsidiary |
Rio De Janeiro, Rio de Janeiro |
Brazil |
Architecture and Engineering |
2 |
|
|
|
Subsidiary |
Luanda |
Angola |
Miscellaneous Professional Services |
2 |
|
||
|
Subsidiary |
Nantes |
France |
Chemical Wholesale |
1.7 |
1 |
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Banking |
1 |
|
||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Grocery Wholesale |
3,323.0 |
|
||
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Chemical Wholesale |
1,640.8 |
|
||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Grocery Wholesale |
1,480.1 |
|
||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Machinery Wholesale |
331.2 |
|
||
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Electronics Wholesale |
312.8 |
|
||
|
Branch |
Osaka, Osaka |
Japan |
Electronics Wholesale |
|
|||
|
Branch |
Nagoya, Aichi |
Japan |
Electronics Wholesale |
|
|||
|
Branch |
Fukuoka, Fukuoka |
Japan |
Electronics Wholesale |
|
|||
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Commercial Real Estate Leasing |
124.4 |
|
||
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Shipping and Water Transport |
121.2 |
|
||
|
Branch |
Kuga-Gun, Yamaguchi |
Japan |
Shipping and Water Transport |
|
|||
|
Branch |
Chiyoda-Ku, Tokyo |
Japan |
Shipping and Water Transport |
|
|||
|
Branch |
Ichihara, Chiba |
Japan |
Shipping and Water Transport |
|
|||
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Banking |
107.2 |
|
||
|
Subsidiary |
München, Bayern |
Germany |
Commercial and Industrial Rental |
98.3 |
29 |
|
|
|
Subsidiary |
Hiratsuka, Kanagawa |
Japan |
Basic Chemical Manufacturing |
84.8 |
|
||
|
Branch |
Gifu City |
Japan |
Miscellaneous Chemical Manufacturing |
60 |
|
||
|
Subsidiary |
London |
United Kingdom |
Securities |
74.6 |
|
||
|
Mitsui
& Co. Commodity Risk Management (Singapore) Pte. Ltd. |
Subsidiary |
Singapore |
Singapore |
Commodities |
7.2 |
|
|
|
Subsidiary |
Sano, Tochigi |
Japan |
Metal Products Manufacturing |
68.9 |
|
||
|
Subsidiary |
San Pedro Garza Garc¡A, Nuevo Leon |
Mexico |
Specialty Construction Trade Contractors |
58.6 |
|
||
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Grocery Wholesale |
57.8 |
|
||
|
Subsidiary |
Osaka, Osaka |
Japan |
Pharmacies and Personal Care Stores |
46.5 |
|
||
|
Subsidiary |
Singapore |
Singapore |
Property and Causality Insurance |
28.3 |
|
||
|
Subsidiary |
Zug, Zug |
Switzerland |
Crop and Animal Production |
0.4 |
|
||
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Grocery Wholesale |
177.4 |
21 |
|
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Road Transportation Services |
931.0 |
|
||
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Crop and Animal Production |
120.3 |
|
||
|
Subsidiary |
San Pedro Garza García, Nuevo León |
Mexico |
Water and Sewage Services |
|
|||
|
Subsidiary |
Lima |
Peru |
Machinery Wholesale |
|
|||
|
Subsidiary |
Lima |
Peru |
Motor Vehicle and Parts Dealers |
|
|||
|
Subsidiary |
La Molina |
Peru |
Banking |
13.8 |
85 |
|
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|
|||
|
Subsidiary |
Amsterdam Zuidoost, North Holland |
Netherlands |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Banking |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Food Manufacturing |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Transportation Equipment Wholesale |
|
|||
|
Subsidiary |
Irving, TX |
United States |
Transportation Equipment Wholesale |
10 |
|
||
|
Branch |
Dallas, TX |
United States |
Consulting Services |
7.0 |
30 |
|
|
|
Branch |
Long Beach, CA |
United States |
Motor Vehicle and Parts Dealers |
3.1 |
5 |
|
|
|
Branch |
Honolulu, HI |
United States |
Advertising Services |
0.4 |
2 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Wholesale |
|
|||
|
Subsidiary |
Lima |
Peru |
Machinery Wholesale |
|
|||
|
Subsidiary |
London |
United Kingdom |
Holding Companies |
|
|||
|
Subsidiary |
Chita, Aichi |
Japan |
Pharmaceutical Manufacturing |
|
|||
|
Subsidiary |
Athens |
Greece |
Specialty Construction Trade Contractors |
|
|||
|
Subsidiary |
Pathumthani |
Thailand |
Metal Products Manufacturing |
|
|||
|
Facility |
Chon Buri |
Thailand |
Metal Products Manufacturing |
|
|||
|
Subsidiary |
Tashkent |
Uzbekistan |
Nonclassifiable Establishments |
|
|||
|
Branch |
Riyadh |
Saudi Arabia |
Nonclassifiable Establishments |
|
|||
|
Subsidiary |
Monterrey |
Mexico |
Metals Mining |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Petroleum Wholesale |
|
|||
|
Acquisition by TonenGeneral Sekiyu K.K. proposed/announced.See corporate structure news on Mitsui & Co. Ltd. for details |
|||||||
|
Subsidiary |
Funabashi, Chiba |
Japan |
Gasoline Stations and Fuel Dealers |
831.4 |
|
||
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Motor Vehicle Wholesale |
|
|||
|
Subsidiary |
Rotterdam, Zuid-Holland |
Netherlands |
Banking |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Insurance Agents |
|
|||
|
Branch |
Sapporo, Hokkaido |
Japan |
Insurance Agents |
|
|||
|
Branch |
Sendai, Miyagi |
Japan |
Insurance Agents |
|
|||
|
Branch |
Nagoya, Aichi |
Japan |
Insurance Agents |
|
|||
|
Branch |
Osaka, Osaka |
Japan |
Insurance Agents |
|
|||
|
Branch |
Fukuoka, Fukuoka |
Japan |
Insurance Agents |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Storage and Warehousing |
|
|||
|
Subsidiary |
Rio de Janeiro |
Brazil |
Natural Gas Distribution |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Metals and Minerals Wholesale |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Broadcasting and Media |
|
|||
|
Subsidiary |
Dhaka, Dhaka |
Bangladesh |
Machinery Wholesale |
|
|||
|
Branch |
Takamatsu, Kagawa |
Japan |
Miscellaneous Wholesale |
|
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
17.5 |
32 |
|
|
|
Branch |
Hiroshima, Hiroshima |
Japan |
Miscellaneous Wholesale |
|
|||
|
Branch |
Sapporo, Hokkaido |
Japan |
Miscellaneous Wholesale |
|
|||
|
Branch |
Toyama, Toyama |
Japan |
Miscellaneous Wholesale |
|
|||
|
Branch |
Toyota, Aichi |
Japan |
Miscellaneous Wholesale |
|
|||
|
Branch |
Niigata, Niigata |
Japan |
Miscellaneous Wholesale |
|
|||
|
Branch |
Sendai, Miyagi |
Japan |
Miscellaneous Wholesale |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Real Estate Agents and Brokers |
|
|||
|
Subsidiary |
Guatemala |
Guatemala |
Metals Mining |
|
|||
|
Subsidiary |
Harare |
Zimbabwe |
Miscellaneous Professional Services |
|
|||
|
Joint Venture |
Osaka |
Japan |
Chemical Wholesale |
|
|||
|
Subsidiary |
Perth, WA |
Australia |
Metals Mining |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Real Estate Agents and Brokers |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Employment Services |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Shipping and Water Transportation Services |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Consulting Services |
|
|||
|
Subsidiary |
Moscow |
Russian Federation |
Miscellaneous Professional Services |
|
|||
|
Subsidiary |
Bangkok |
Thailand |
Investment Services |
|
|||
|
Subsidiary |
Toronto, ON |
Canada |
Investment Services |
|
|||
|
Subsidiary |
Sano, Tochigi |
Japan |
Metal Products Manufacturing |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Mortgage and Credit |
|
|||
|
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Petroleum Wholesale |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Banking |
|
|||
|
Subsidiary |
Sao Paulo |
Brazil |
Motor Vehicle Rental |
|
|||
|
Subsidiary |
Guangzhou, Guangdong |
China |
Metals and Minerals Wholesale |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|||
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|||
|
Subsidiary |
Sydney, NSW |
Australia |
Metal Products Manufacturing |
|
|||
|
Subsidiary |
Amsterdam |
Netherlands |
Investment Services |
|
|||
|
Subsidiary |
Urasoe, Okinawa |
Japan |
Consulting Services |
|
|||
|
Subsidiary |
Pocos de Caldas |
Brazil |
Agricultural Chemical Manufacturing |
|
|||
Competitors Report
|
CompanyName |
Location |
Employees |
Ownership |
|
Bilfinger SE |
Mannheim, Germany |
71,912 |
Public |
|
CHIYODA CORPORATION |
Yokohama-Shi, Japan |
4,915 |
Public |
|
Doosan Infracore America Corporation |
Suwanee, Georgia, United States |
100 |
Private |
|
Hyundai Heavy Industries Co Ltd |
Ulsan, Korea, Republic of |
26,573 |
Public |
|
Itochu Corp |
Minato-Ku, Japan |
77,513 |
Public |
|
Jacobs Engineering Group Inc |
Pasadena, California, United States |
48,600 |
Public |
|
JFE Shoji Trade Corporation |
Tokyo, Japan |
5,550 |
Public |
|
Kajima Corp |
Minato-Ku, Japan |
15,468 |
Public |
|
KANEMATSU CORPORATION |
Minato-Ku, Japan |
5,522 |
Public |
|
Keio Corp |
Tama-Shi, Japan |
12,765 |
Public |
|
Keppel Corporation Limited |
Singapore, Singapore |
38,390 |
Public |
|
Kobe Steel, Ltd. |
Kobe-Shi, Japan |
36,018 |
Public |
|
Komatsu Ltd |
Minato-Ku, Japan |
46,730 |
Public |
|
Marubeni Corp |
Chiyoda-Ku, Japan |
33,566 |
Public |
|
MISUMI CO., LTD. |
Kagoshima-Shi, Japan |
603 |
Public |
|
Mitsubishi Corp |
Chiyoda-Ku, Japan |
65,975 |
Public |
|
Mitsubishi Heavy Industries, Ltd. |
Minato-Ku, Japan |
68,213 |
Public |
|
Nippon Light Metal Company Ltd |
Tokyo, Japan |
9,739 |
Public |
|
Nippon Steel & Sumikin Bussan Corp |
Chiyoda-Ku, Japan |
2,228 |
Public |
|
Nippon Steel & Sumitomo Metal Corp |
Chiyoda-Ku, Japan |
83,187 |
Public |
|
Nisshin Steel Co Ltd |
Tokyo, Japan |
3,643 |
Private |
|
Samsung Group |
Seoul, Korea, Republic of |
263,000 |
Private |
|
Sekisui Chemical Co., Ltd. |
Minato-Ku, Japan |
22,202 |
Public |
|
Shinsho Corporation |
Osaka-Shi, Japan |
1,204 |
Public |
|
Sojitz Corp |
Chiyoda-Ku, Japan |
15,963 |
Public |
|
Sumitomo Corp |
Chuo-Ku, Japan |
73,953 |
Public |
|
Teradyne, Inc. |
North Reading, Massachusetts, United States |
3,600 |
Public |
|
Toyama Chemical Co Ltd |
Tokyo, Japan |
851 |
Private |
|
Toyota Tsusho Corp |
Minato-Ku, Japan |
48,336 |
Public |
|
Toyota Tsusho Corporation-Tokyo |
Tokyo, Japan |
2,795 |
Private |
Executive report
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Board of Directors |
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Executive Officer, Chairman of Subsidiaries |
Chairman |
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Executive Officer, President of Subsidiary, Chairman of Subsidiary |
Chairman |
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Chairman of the Board |
Chairman |
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Independent Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executives |
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President, Chief Executive Officer, Chief Director of Risk
Counter-Plan, Representative Director |
Chief Executive Officer |
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Managing Executive Officer, Chief Director of America, President &
Chief Executive Officer of Subsidiary |
Chief Executive Officer |
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Managing Executive Officer, Chief Director of Europe, Middle East and
Africa, President of Subsidiary |
President |
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Managing Executive Officer, President of Chubu Office |
President |
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Managing Executive Officer, President of Kansai Office |
President |
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Managing Executive Officer, President of Subsidiary |
President |
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Senior Managing Executive Officer, Chief Director of Asia &
Oceania, President of Subsidiary |
President |
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Executive Officer, President of Subsidiary |
Division Head Executive |
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Executive Officer, President of Subsidiary |
Division Head Executive |
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Executive Officer, General Manager of Subsidiary |
Division Head Executive |
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Executive Officer, President of Subsidiary |
Division Head Executive |
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Executive Officer, President of Subsidiary |
Division Head Executive |
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Senior Managing Executive Officer, Representative Director |
Managing Director |
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Executive Managing Officer |
Managing Director |
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Managing Executive Officer, Senior Director of Business |
Managing Director |
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Managing Executive Officer, Chief Director of Project |
Managing Director |
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Managing Executive Officer, Chief Director of 1st Energy |
Managing Director |
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Chief Information Officer, Chief Privacy Officer, Senior Managing
Executive Officer, Representative Director |
Managing Director |
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Managing Executive Officer, Chief Director of Next Generation and
Function Promotion |
Managing Director |
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Managing Officer |
Managing Director |
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Chief Financial Officer, Senior Managing Executive Officer,
Representative Director |
Managing Director |
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Senior Managing Executive Officer, Representative Director |
Managing Director |
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Executive Managing Officer |
Managing Director |
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Managing Executive Officer, Chief Director of Steel Product |
Managing Director |
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Managing Executive Officer, Chief Director of Consumer Service
Business |
Managing Director |
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Chief Compliance Officer, Managing Executive Officer, Chief Director
of Emergency Measures, Representative Director |
Managing Director |
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Executive Officer, Director of Internal Audit |
Accounting Executive |
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Executive Officer, Director of Accounting |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Corporate Auditor |
Accounting Executive |
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Executive Officer, Director of Human Resources & General Affairs |
Human Resources Executive |
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Director of Investor Relations |
Investor Relations Executive |
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Executive Officer, Deputy Chief Director of Machinery and
Transportation System |
Logistics Executive |
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Executive Officer, Chief Director of Machinery and Transportation
System |
Logistics Executive |
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Executive Officer, Vice President of Kansai Office |
Other |
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Executive Officer, Deputy Chief Director of Europe, Middle East and
Africa, President of Subsidiary |
Other |
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Executive Officer, Chief Director of Food Business |
Other |
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Executive Vice President, Representative Director |
Other |
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Executive Officer, Director of Chemicals Business |
Other |
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Executive Officer, Chief Director of Food Resources |
Other |
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Executive Officer, Chief Director of Basic Chemicals |
Other |
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Executive Officer, Chief Director of Functional Chemicals |
Other |
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Executive Officer, Chief Director of Metal Resources |
Other |
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Executive Vice President, Representative Director |
Other |
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Executive Officer, Chief Director of 2nd Energy |
Other |
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Significant
Developments
Mitsui & Co
Ltd Amends Consolidated Full-year Forecast for FY 2014 Nov 05, 2013
Mitsui & Co
Ltd announced that it has lowered the consolidated full-year forecast for revenue
from JPY 900 billion to JPY 850 billion, operating profit from JPY 310 billion
to JPY 260 billion, ordinary profit from JPY 385 billion to JPY 380 billion and
reaffirmed the forecast for net profit of JPY 370 billion for the fiscal year
ending March 2014. According to I/B/E/S Estimates, analysts were expecting the
Company to report revenue of JPY 11,075.73 billion and net profit of JPY 388.3
billion for the fiscal year ending March 2014.
Mitsui & Co
Ltd to Participate in Power Generation Project in New York City with GDF SUEZ
S.A. Oct 31, 2013
Mitsui & Co
Ltd announced that it has acquired a 20.6% interest in Astoria I power
generation project in New York City, New York, U.S.A from GDF SUEZ Energy North
America, Inc., a subsidiary of the global energy group GDF SUEZ S.A. The
project is valued at approximately USD1 billion. The Project is an IPP
(Independent Power Producer) business that operates a gas-fired combined cycle
power station in New York City, one of power consuming regions in the U.S.
Mitsui & Co
Ltd to Participate in Vietnam Shrimp Processing Company Oct 21, 2013
Mitsui & Co Ltd announced that it has agreed
with Minh Phu Seafood Joint Stock Company to participate in management of Minh
Phu Hau Giang Limited Liability Company (MPHG), an affiliated company of MP who
is a shrimp related business company in Vietnam and is engaged in shrimp
processing and exporting under MP group, and has finalized the related
contracts on October 19, 2013. Mitsui will take a third-party allocation of new
shares of MPHG, finally acquiring a 31% ownership stake in MPHG.
Mitsui & Co Ltd Announces Participation in
Power Generation and Power/Gas Retail Business in Australia Oct 08, 2013
Mitsui & Co Ltd announced that it has agreed
with GDF SUEZ S.A. (GDF SUEZ), to invest in its subsidiary International Power
(Australia) Holdings Pty Ltd (IPAH), which owns and operates the power
generation business as well as the power and gas retail business in Australia.
Mitsui will, by way of share subscription through its subsidiary to be newly
established, acquire a 28% equity stake in IPAH. Closing of the transaction is
expected to occur during October 2013.
Mitsui & Co
Ltd and Mozambique's ENH to Broaden Gas Business Cooperation- Nikkei Oct 05,
2013
Nikkei reported
that Mitsui & Co Ltd will seek to build on a planned natural gas venture in
Mozambique by using the output to fuel power plants and produce chemicals. Its
partner will be Empresa Nacional de Hidrocarbonetos E.P., or ENH, a state-run
energy company. Mitsui, ENH and Anadarko Petroleum Corp. of the U.S. have
announced plans to begin commercially producing gas in 2018 from undersea
reserves in the African nation. Mitsui and ENH will discuss branching out into
gas-related business, such as methanol, ammonia and liquid fuels, with their
production ideally starting around the same time as gas output. The partners
will also consider working together on gas-fired power plants, ports, gas
pipelines and other infrastructure. Other possible areas of cooperation include
operating liquefied natural gas tankers and fundraising.
Mitsui & Co
Ltd to Rent Out Construction Machinery In Colombia- Nikkei Oct 02, 2013
Nikkei reported
that Mitsui & Co Ltd will is enter the construction machinery rental
business in South America, looking to capitalize on growing resource
development and infrastructure projects. The Company will establish a joint
venture in Colombia with American Equipment Co., a unit of U.S. engineering
firm Fluor Corp. Mitsui will hold a 30% stake in the venture, capitalized at
around JPY 100 million and slated to begin operating in late October. The goal
is to generate JPY 4 billion in annual sales by fiscal 2018.
Mitsui & Co
Ltd to Sell Shares of QIWI PLC Oct 01, 2013
Mitsui & Co
Ltd announced that it has decided to convert its holding 3,500,000 Class A
shares of QIWI PLC into Class B shares and to sell the 3,500,000 Class B shares
in the form of American Depositary Shares (ADSs) for USD 30.50 per share. After
the selling, Mitsui will hold 2,240,403 Class A shares (4.3% stake) of QIWI
PLC, down from 5,740,403 shares (11.0% stake.)
Nippon Steel
Trading Co Ltd Announces Change in Holding by Mitsui & Co Ltd Oct 01, 2013
Nippon Steel
Trading Co Ltd announced that Mitsui & Co Ltd has decreased the voting
right stake in Nippon Steel Trading, from 25.2% (33,831 voting rights) to 11.0%
(33,831 shares).
TonenGeneral
Sekiyu KK to Buy Subsidiary of Mitsui & Co Ltd-Jiji Press Sep 19, 2013
Jiji Press reported that TonenGeneral Sekiyu KK
plans to buy Mitsui Oil Co., a subsidiary of Mitsui & Co Ltd. The deal
would be valued at several tens of billions of yen.
Mitsui & Co Ltd to Participate in Integrated
Logistics Business in Brazil Sep 19, 2013
Mitsui & Co
Ltd announced that it has agreed with Vale S.A. ("Vale"), a global
mining company, to participate in integrated logistics business in Brazil
("Business") and signed an agreement on September 18 Brazilian time.
VLI S.A. ("VLI"), which conducts the Business currently as a 100%
subsidiary of Vale, will allocate new shares worth BRL2 billion (JPY 88
billion) to Mitsui and FI-FGTS, an investment fund managed by a Brazilian
state-run bank Caixa Econ(mica Federal. Mitsui will acquire 20% equity of VLI
for BRL1,509 million (JPY66 billion) by subscribing new shares amounting to BRL
800 million and by purchasing outstanding shares for BRL 709 million from Vale.
The final transaction values are subject to certain adjustment in accordance
with the terms and conditions of the agreement. Meanwhile, FI-FGTS will acquire
15.9% equity of VLI by subscribing the remaining new shares through the capital
increase. Closing of Mitsui's acquisition is expected to occur by the end of
2013, upon satisfaction of certain conditions, including obtaining approvals
from Brazilian regulatory authorities.
Mitsui & Co
Ltd to Invest in Cargo Transportation Business in Brazil Sep 18, 2013
Mitsui & Co
Ltd announced that it will acquire shares worth of BRL 1,509 million
(approximately JPY 66,000 million) of Vale S.A.'s wholly owned subsidiary, VLI
S.A., which engages in the cargo transportaion business, through private
placement and acquisition. And as a result, Mitsui will hold a 20% stake in VLI
S.A. The transaction will be conducted by the end of 2013. In addition, Fundo
de Investimento do Fundo de Garantia do Tempo de Servito will acquire a 15.9%
stake in VLI S.A. through private placement.
GDF Suez SA
Nareva Holding and Mitsui & Co Ltd Awarded Power Purchase Contract in
Morocco Sep 10, 2013
GDF Suez SA
announced that L'Office National de l'ElectricitT et de l'Eau Potable
("ONEE") and Safi Energy Company S.A. ("SAFIEC"), which is
owned by a consortium of GDF Suez SA, Nareva Holding and Mitsui & Co Ltd
have entered into a 30-year Power Purchase Agreement for the Safi coal-fired
power project. The project includes the construction and operation of a 2+693
MW ultra-supercritical coal-fired power plant in the Safi region and the sale
of electricity to ONEE for 30 years following completion of the plant.
Financial close of the project is anticipated in the first quarter of 2014 and
commercial operation of the plant is expected to start in 2017.
GDF Suez SA
Nareva Holding and Mitsui & Co Ltd Win Power Purchase Contract in Morocco
Sep 10, 2013
GDF Suez SA
announced that L'Office National de l'ElectricitT et de l'Eau Potable
("ONEE") and Safi Energy Company S.A. ("SAFIEC"), which is
owned by a consortium of GDF Suez SA, Nareva Holding and Mitsui & Co Ltd
have entered into a 30-year Power Purchase Agreement for the Safi coal-fired
power project. The project includes the construction and operation of a 2+693
MW ultra-supercritical coal-fired power plant in the Safi region and the sale
of electricity to ONEE for 30 years following completion of the plant.
Financial close of the project is anticipated in the first quarter of 2014 and
commercial operation of the plant is expected to start in 2017.
Mitsui & Co
Ltd Establishes Joint Venture with SLC Agricola SA- DZH Financial Research Sep
04, 2013
DZH Financial
Research reported that Mitsui & Co Ltd announced on September 3, 2013 that
it has completed the establishment of a joint venture with SLC Agricola SA,
which is engaged in large scale agricultural production in Brazil. Mitsui is
holding a 49.9% and SLC Agricola is holding a 50.1% stake in the joint venture
SLC-MIT Empreendimentos Agricolas.
United Engineers
Ltd's United Engineers Developments Pte Ltd Announces Sale Of Interest In
Subsidiary Company To Mitsui & Co Ltd Aug 29, 2013
United Engineers Ltd announced that its
wholly-owned subsidiary, United Engineers Developments Pte Ltd (UED) has
entered into a sale and purchase agreement with Mitsui & Co., Ltd. (Mitsui)
to sell (the Sale) 627,000 shares (Sale Shares) representing 19% of the total
issued share capital of UE Managed Solutions Pte. Ltd. (UEMS). Mitsui is an
existing shareholder of UEMS, holding 25% of UEMS' total issued shares. The
remaining 5% interest in UEMS is held by Mitsui & Co. (Asia Pacific) Pte.
Ltd. (Mitsui Asia Pacific). Upon completion of the Sale, Mitsui and Mitsui Asia
Pacific will collectively hold 49% interest in UEMS and the remaining 51%
interest will be held by UED. The consideration for the Sale (Consideration)
comprises: an initial cash consideration of SGD3,230,000 (Initial Payment); and
a balance consideration (Balance Consideration) computed in the manner set out
below: in the event the earnings before interest, taxes, depreciation and
amortisation with respect to the audited consolidated financial statements of
UEMS and its subsidiaries, UE Managed Solutions Singapore Pte. Ltd. UE Managed
Solutions Malaysia Sdn. Bhd., UE Managed Solutions Taiwan Ltd, and
ServiceMaster Hong Kong Limited for the financial year ending December 31, 2013
(the EBITDA) is less than SGD3,500,000, no Balance Consideration shall be
payable by Mitsui.
Tokyo Broadcasting
System Holdings Inc to Form Business and Capital Alliance with NTT Docomo Inc.,
Mitsui & Co Ltd, Mainichi Broadcasting System Inc and WOWOW INC Aug 29,
2013
Tokyo
Broadcasting System Holdings Inc announced that it has signed a contract to
form a business and capital alliance with NTT Docomo Inc, Mitsui & Co Ltd,
Mainichi Broadcasting System, Inc and WOWOW INC. Tokyo Broadcasting System
Holdings Inc will sell 5,713,000 shares of its treasury stock to NTT Docomo
Inc, 3,403,000 shares of its treasury stock to Mitsui & Co Ltd, 410,100
shares of its treasury stock to Mainichi Broadcasting System, Inc, as well as
246,100 shares of its treasury stock to WOWOW INC, at the price of JPY 1,219
per share, or JPY 11,882,311,800 in total, on September 13, 2013. The Companies
will cooperate in broadcasting business, advertising business, media business
and other businesses.
Mitsui & Co
Ltd, Carlyle Group LP Place Bids For Fortis Healthcare Ltd's Quality Healthcare
Medical ServicesAug 19, 2013
reported that
Mitsui & Co Ltd and Carlyle Group LP have submitted preliminary bids for
Quality Healthcare Medical Services, which is being sold by India's Fortis
Healthcare Ltd and is valued at around $300 million. Mitsui and Carlyle
declined to comment and Advent also did not comment. A Fortis spokesman in
India declined to comment.
Mitsui & Co
Ltd Signs Basic Agreement regarding Jointly Development Business with Mitsui
Fudosan Co., Ltd Aug 08, 2013
Mitsui & Co
Ltd announced that it has signed a basic agreement with Mitsui Fudosan Co.,
Ltd, to jointly start a reconstruction project of three properties owned by the
two companies.
Mitsui & Co
Ltd to Acquire Stake in ZAO BAIKALSKAYA LESNAYA KOMPANIYA- Fuji Sankei Business
I Aug 06, 2013
Fuji Sankei
Business I reported that Mitsui & Co Ltd announced that it will acquire a
40% stake in ZAO BAIKALSKAYA LESNAYA KOMPANIYA, which is engaged in lumber
processing business in Buryat, through private placement in August 2013. The
transaction price is not disclosed.
EPS Corporation
to Fully Acquire Gleneagles CRC Pte Ltd from Parkway Holdings Limited and
Mitsui & Co Ltd Jul 23, 2013
EPS Corporation
announced that it will acquire a total of 100% stake in Gleneagles CRC Pte Ltd,
which is a joint venture of Parkway Holdings Limited and Mitsui & Co Ltd,
on July 30, 2013. The transaction price is not disclosed.
Mitsui & Co
Ltd and Thai Oil PCL to Launch One-of-a-kind Joint Venture- Bangkok Post Jul
12, 2013
Bangkok Post
reported that Mitsui & Co Ltd and Thai Oil PCL announced that a USD 400-million
joint venture factory for the production of linear alkylbenzene (LAB), a main
ingredient in detergents. Kazuya Okamura, Mitsui's chief operating officer for
basic chemicals, said Mitsui wants to shift production of LAB from Japan to
Southeast Asia due to rising demand in the region, particularly Thailand. The
two firms recently set up Labix Co, with registered capital of THB 4.6 billion.
SLC Agricola SA
to Establish Joint Venture with Mitsui & Co Ltd Jul 08, 2013
SLC Agricola SA
announced that on July 3, 2013 it signed a non binding term sheet with Mitsui
& Co Ltd aimed at the establishment of a joint venture where the Company
will hold a 50.1% stake. The joint venture is to develop production and
commercialization of agricultural commodities activities and it will begin its
operations through the Fazenda Paladino developed area, located in Sao
Desiderio, Bahia state, Brazil, owned by Agricola Xingu. The transaction is
subject to the approval of the Administrative Council for Economic Defense CADE.
Fomento de
Construcciones y Contratas SA Sells 49% Stake In Czech Water Business To Mitsui
& Co LtdJul 02, 2013
reported that
Fomento de Construcciones y Contratas SA (FCC) announced that it has sold a 49%
stake in its Czech water business SmVak to Mitsui & Co Ltd for EUR 97
million (USD 126.44 million).
RESORTTRUST INC Establishes Joint Venture with
Mitsui & Co Ltd Jun 27, 2013
RESORTTRUST INC
announced that it has establish a joint venture with Mitsui & Co Ltd on
June 27, 2013, for cooperation in medical and healthcare information technology
(IT) area. A subsidiary of RESORTTRUST holds a 51% stake and Mitsui & Co
Ltd holds a 49% stake in the joint venture respectively.
BHP Billiton Ltd
Announces Extension Of Long Term Joint Venture Relationship With ITOCHU Corp
And Mitsui & Co. Ltd. Jun 20, 2013
BHP Billiton Ltd
announced an extension of its long term joint venture relationship with ITOCHU
Corp and Mitsui & Co. Ltd. Under the terms of the agreement, ITOCHU and
Mitsui will invest approximately USD0.8 billion and USD0.7 billion respectively
in shares and loans of BHP Iron Ore (Jimblebar) Pty Ltd, representing an 8% and
7% interest in the Jimblebar mining hub and resource. The consideration
includes a share of capital costs associated with the Jimblebar Mine Expansion
project incurred to date. The transaction is subject to Australian Foreign
Investment Review Board approval and other customary conditions and is expected
to be completed in the September 2013 quarter. ITOCHU and Mitsui collectively hold
a 15% interest in BHP Billiton's Western Australia Iron Ore current mine, rail
and port infrastructure. This investment will align interests across the
Western Australia Iron Ore supply chain and drive simplicity and flexibility.
RESORTTRUST INC
to Establish Joint Venture with Mitsui & Co Ltd-TC Financial Research Jun
17, 2013
TC Financial
Research reported that Nikkei Shimbun reported on June 16, 2013, that
RESORTTRUST INC will establish a joint venture with Mitsui & Co Ltd, to
collaborate in cloud service for medical institutions, in June 2013.
RESORTTRUST and Mitsui & Co Ltd will hold 51% and 49% stakes in the joint
venture, respectively.
GDF Suez SA and Mitsui & Co Ltd Sign Power
Purchase Agreements in South Africa Jun 06, 2013
GDF Suez SA announced that, together with its
partners Legend Power Solutions (RSA), Mitsui & Co Ltd (Japan), and The
Peaker Trust (RSA), it signed the power purchase agreements for two greenfield
open-cycle turbine power plants of 335 MW (Dedisa) and 670 MW (Avon), which are
located in the Eastern Cape Province and in the KwaZulu-Natal Province
respectively. The total investment cost for the two plants is around EUR 780
million. Full financial close of the two plants is anticipated shortly.
Commercial operation is expected to start at Dedisa in 2015 and at Avon in
2016.
Mitsubishi Corp, Mitsui & Co Ltd and Nippon
Yusen KK to Move into LNG Production in U.S.- Nikkei May 17, 2013
Nikkei reported
that Mitsubishi Corp, Mitsui & Co Ltd and Nippon Yusen KK will reach an
agreement with Sempra Energy to obtain a roughly 33% interest in a liquefied
natural gas project in the state of Louisiana, the United States. The Japanese
companies and French firm GDF Suez will invest in Sempra subsidiary Cameron
LNG, which now operates an LNG terminal in Hackberry, Louisiana. They will
build a processing facility to cool locally produced natural gas into liquid.
The goal is to achieve a capacity of 12 million tons a year by 2017. The total
project cost is estimated at about USD 10 billion.
Mitsui & Co
Ltd to Establish Joint Venture with Celanese Corporation May 15, 2013
Mitsui & Co
Ltd announced that it has decided to establish a United States-based joint
venture, which will be engaged in the methyl alcohol production business, with
Celanese Corporation, which is a United States-based chemical company. Mitsui
and Celanese Corporation will each hold a 50% stake in the joint venture.
Mitsui & Co
Ltd to Participate in Run-of-river Power Business in Brazil May 13, 2013
Mitsui & Co
Ltd announced that it will participate in run-of-river power business in
Brazil, according to an agreement signed with GDF SUEZ Energy Latin America
Participat)es Ltda. on May 13, 2013. The Company will acquire a 20% stake in
ESBR Participat)es S.A., which is engaged in run-of-river power business, from
GDF SUEZ Energy Latin America Participat)es Ltda. through an investment
subsidiary to be established.
Mitsui & Co
Ltd Announces Financial Guidance for FY 2014 May 07, 2013
Mitsui & Co
Ltd announced that it expects its consolidated full-year outlook for gross
profit at JPY 900 billion, operating income at JPY 310 billion, income before
taxes and equity in earnings at JPY 385 billion and net income attributed to
Mitsui & Co Ltd at JPY 370 billion, for the fiscal year ending March 2014.
According to I/B/E/S Estimates, analysts on average were expecting the Company
to report full-year revenue of JPY 10,707.14 billion, operating profit of JPY
305.47 billion and net income of JPY 388.25 billion.
NK Rosneft' OAO
and Mitsui & Co Ltd Sign Memorandum of Understanding to Jointly Develop
FEPCO Project-AG ReDeal May 07, 2013
AG ReDeal
reported that on April 29, 2013 NK Rosneft' OAO (Rosneft) and Mitsui & Co
Ltd signed a Memorandum of Understanding (MOU) to jointly develop FEPCO project.
The MoU was signed by Rosneft President and Chairman of the Management Board
Igor Sechin and by Representative Director, Senior Executive Managing Officer,
and Member of the Board of Directors of Mitsui & Co Ltd Shintaro Ambe in
the presence of the Russian President Vladimir Putin and Prime Minister of
Japan Shinzo Abe. The Far East Petrochemical Company (FEPCO), a subsidiary of
Rosneft, is developing the project. Processing capacity of the petrochemical
complex as part of the project is planned at 3.4 million tons of hydrocarbon
feedstock per year (predominantly naphtha). The capacity of ethylene and
propylene production unit is planned at 2 million tons per year. The complex is
expected to be launched in 2017. As part of the MOU, the parties plan cooperation
in engineering design. Following the results of this cooperation final
investment decision on FEPCO construction will be made.
Medical System
Network Co Ltd Cancels Business and Capital Alliance with Mitsui & Co Ltd
May 02, 2013
Medical System
Network Co Ltd announced that it has decided to cancel the business alliance
with Mitsui & Co Ltd. Medical System Network Co Ltd will acquire 1,177
shares in the joint venture, MM Net Corporation, which was established by the
two companies on February 12, 2005, from Mitsui & Co Ltd., on May 2, 2013.
After this, MM Net Corporation will become a wholly owned subsidiary of Medical
System Network Co Ltd. Medical System Network Co Ltd. will also repurchase the
2,080,000 shares of its stock (an 8.0% stake) held by Mitsui & Co Ltd.
Harvey Nash Group
plc Acquires Stake in MOCAP Vietnam Joint Venture With Mitsui & Co Ltd Apr
30, 2013
Harvey Nash Group
plc announced that it has acquired a 15% shareholding in MOCAP Vietnam, a joint
venture with Nikkei-listed Mitsui & Co Ltd, WPP Plc associate Smart Media
and other partners, to create a call-centre business in Vietnam, opening up
access to the Japanese markets for software development and business process
outsourcing (BPO). Under the terms of the venture, Harvey Nash settled the
consideration for the shares by way of fixed assets, including staff and client
contracts, transferred into the new entity, with a book value of USD 0.5
million. MOCAP Vietnam will build an in-bound and out-bound call centre
business in Vietnam, and promote software development, maintenance and business
process outsourcing services to the Japanese market. The joint venture will
also enable a consortium approach to bidding for new contracts, not only in
Japan but in Asia more widely and drive growth in the Harvey Nash Vietnam based
offshore software development and BPO business as well.
TOPPAN FORMS CO
LTD Acquires J-SCube Inc. from Mitsui & Co Ltd Apr 01, 2013
TOPPAN FORMS CO
LTD announced that it has completed the acquisition of 4,559,206 shares (a 100%
stake) of J-SCube Inc. from Mitsui & Co Ltd, on April 1, 2013. The
transaction price is not disclosed.
Modec Inc, Mitsui
& Co, Ltd, Mitsui O.S.K. Lines, Ltd And Marubeni Corporation To Participate
In Ultra-Deepwater FPSO Chartering Project For Iracema Norte Area Of Brazilian
Offshore Pre-Salt Oil Field Mar 22, 2013
Modec Inc, Mitsui
& Co., Ltd, Mitsui O.S.K. Lines, Ltd and Marubeni Corporation announced
that they have agreed that Mitsui, MOL and Marubeni will invest in a long-term
charter business (Project) operated by MODEC for the purpose of providing a
floating production, storage, and offloading system (the FPSO,) for use in the
Iracema Norte area of a pre-salt oil field off the coast of Brazil. The above 4
companies (Companies) have entered into definitive agreements on March 22,
2013. This Project is subsequent to the long-term charter business for the
purpose of providing an FPSO for the use in the Iracema Sul area (*) in which
the Companies invested through Cernambi Sul MV24 B.V. For this Project, Mitsui,
MOL and Marubeni will invest in Cernambi Norte MV26 B.V. MV26 has signed a
long-term chartering agreement with Tupi B.V. The FPSO will be chartered to
Tupi B.V. for 20 years under this chartering agreement signed in February 2013.
Construction of the FPSO will involve the conversion of a VLCC (very large
crude oil carrier), which will be renamed FPSO Cidade de ITAGUA- MV26 upon its
completion. It will be deployed to the Iracema Norte area of the BM-S-11 block
off the coast of Brazil in the fourth quarter of 2015. MODEC and Mitsui have
already provided three FPSOs for pre-salt oil fields, and this will be their
fourth pre-salt related FPSO chartering project. It is the third project of its
type for MOL and the second for Marubeni.
Mitsui & Co
Ltd To Acquire 25% Participating Interest In Tempa Rossa Oil Field From Total
S.A Mar 18, 2013
Mitsui & Co
Ltd announced it has has reached an agreement with Total E&P Italia S.p.A,
a group company of Total S.A, to acquire Total E&P Energia Italia S.r.l
which owns a 25% participating interest in the Tempa Rossa onshore oil field in
the Gorgoglione concession in Italy through newly established subsidiary Mitsui
E&P Italia A S.r.l (MEPIT). The sale and purchase agreement was signed on
March 18, 2013. The transaction will be completed after fulfilling certain
conditions, including the approval of the Italian government. Total will remain
as operator with a 50% participating interest.
MORISHITA JINTAN
CO LTD Signs MOU Regarding Contract Manufacturing of Seamless Capsule Mar 18,
2013
MORISHITA JINTAN
CO LTD announced that it has signed a memorandum of understanding (MOU) with
PATHEON INC. and Mitsui & Co., Ltd, regarding the contract manufacturing of
seamless capsule for healthy food makers in the United States.
Idemitsu Kosan Co
Ltd Signs Basic Agreement with Mitsui & Co., Ltd. to Establish Joint
Venture Mar 18, 2013
Idemitsu Kosan Co
Ltd announced that it has signed a basic agreement with Mitsui & Co., Ltd.
to establish a joint venture, which will be engaged in manufacturing and sales
of alpha olefin in the United States.
TOPPAN FORMS CO
LTD to Acquire J-SCube Inc. from Mitsui & Co. Ltd. Mar 15, 2013
TOPPAN FORMS CO
LTD announced that it has decided to acquire 4,559,206 shares (100% stake) of
J-SCube Inc. from MITSUI & CO., LTD., effective April 1, 2013.
Mitsui & Co.
Ltd.'s Ambi Shipping Pte Ltd To Acquire Vessel Feb 18, 2013
Malaysian Bulk
Carriers Berhad announced that its subsidiary, Ambi Shipping Pte Ltd, had on
February 14, 2013, entered into a contract with Lepta Shipping Co Ltd for the
construction and purchase of a 56,000 dwt bulkcarrier. The vessel is a 55,600
deadweight metric ton type single screw motor bulk carrier newbuilding and is
targeted to be delivered between January 1, 2015, and June 30, 2015. The
purchase consideration is USD 26,600,000 and is expected to be completed by
June 2015. Ambi Shipping is a joint venture between the Company (through its
wholly owned subsidiary, Lightwell Shipping Inc.) and Mitsui & Co. Ltd., with
the share equity of 70% and 30% respectively.
Mitsui & Co
Ltd Fully Acquires Subsidiary through Stock Swap Feb 05, 2013
Mitsui & Co
Ltd announced that it has completed to fully acquire a subsidiary through stock
swap on February 5, 2013.
MITSUI & CO.,
LTD. to Lower Voting Rights in Shin Nippon Air Technologies Co Ltd Feb 05, 2013
Shin Nippon Air
Technologies Co Ltd announced that MITSUI & CO., LTD. has decided to lower
voting rights in Shin Nippon Air Technologies Co Ltd from 14.72% (3,706,252
shares) to 5.02% (1,266,252 shares), effective February 13, 2013.
Mitsui & Co
Ltd To Take 30% Equity Participation In North And South American Operations Of
Gestamp Automoci=n, S.L Jan 07, 2013
Mitsui & Co
Ltd announced that it has agreed with Gestamp Automoci=n, S.L., one of the
manufacturers of automotive components, to acquire up to 30% stake in
controlling companies of GA's North and South American operations (GA's
Americas Companies) and entered into definitive agreements on January 4, 2013.
Mitsui will initially acquire newly issued shares of GA's Americas Companies
through a third party allocation of newly issued shares for a 15% stake and
also provide convertible loans, for a total amount of investments and loans of
approximately EUR300 million (Approx. JPY33.0 billion ) ). After the
conversion, Mitsui will ultimately be holding up to 30% shares of GA's Americas
Companies.
Mitsui & Co
Ltd to Fully Acquire Subsidiary through Stock Swap Dec 19, 2012
Mitsui & Co
Ltd announced it has decided to fully acquire a 99.87%-owned subsidiary, MITSUI
FOODS CO.,LTD., which is engaged in the manufacture and sale of groceries and
other food products in Tokyo, Japan, through stock swap effective February 5,
2012. Under the agreement, one share of the subsidiary's stock will be
exchanged for 0.13 shares of the Company's stock.
GDF Suez SA Sells
60% Stake in Canadian Renewable Energy Portfolio to Mitsui & Co. Ltd. and
Consortium Led by Fiera Axium Infrastructure Inc but Remains Majority
Shareholder Dec 17, 2012
GDF Suez SA
announced that it has concluded the sale of a 60% stake of its Canadian
renewable energy portfolio representing capacity of 680 megawatt to Mitsui
& Co. Ltd. and a consortium led by Fiera Axium Infrastructure Inc. Each
holds a 30% stake in the new joint venture. The Company will remain a majority
shareholder with a 40% participation. The 680 megawatts portfolio corresponds
to wind farms with installed capacity of 363 megawatts and additional 317
megawatts whose exploration shall commence in 2013 and 2014. They are located
in Ontario, Nouveau-Brunswick, Ile du Prince Edouard and Colombie Britannique.
Mitsui & Co
Ltd Forms Business and Capital Alliance with Mikuni Coca-Cola Bottling Co Ltd
Dec 14, 2012
Mitsui & Co
Ltd announced that it has formed a business and capital alliance with Mikuni
Coca-Cola Bottling Co Ltd, on December 14, 2012. Through the capital alliance,
Mitsui will sell 10,610,100 shares of Mikuni Coca-Cola Bottling's common stock,
at the price of JPY 1,460 per share, or JPY 15.49 billion in total, to European
Refreshments, and as a result, Mitsui will become the second major shareholder
of Mikuni Coca-Cola Bottling, with 13.74% voting rights (66,295 voting rights),
down from 35.74% (172,396 voting rights). Through the business alliance, Mitsui
will have the right to nominate a candidate for director and auditor,
respectively, to Mikuni Coca-Cola Bottling.
Otsuka Holdings
Co Ltd's Subsidiary to Form Joint Venture with Claris Lifesciences Limited and
Mitsui & Co., Ltd. Dec 07, 2012
Otsuka Holdings
Co Ltd announced that its wholly owned subsidiary has decided to form a joint
venture with Claris Lifesciences Limited and Mitsui & Co., Ltd., in 2013.
The joint venture will be engaged in manufacturing and sales of basic
transfusion and nutrition product. The subsidiary, Claris Lifesciences Limited
and Mitsui & Co., Ltd. will hold 60%, 20% and 20% stakes in the joint
venture, respectively.
Annual Income
Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
59,197.1 |
66,508.6 |
54,608.1 |
44,075.7 |
54,782.6 |
|
Revenue |
59,197.1 |
66,508.6 |
54,608.1 |
44,075.7 |
54,782.6 |
|
Total Revenue |
59,197.1 |
66,508.6 |
54,608.1 |
44,075.7 |
54,782.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
49,670.3 |
55,385.7 |
44,581.1 |
36,523.0 |
44,838.1 |
|
Cost of Revenue, Total |
49,670.3 |
55,385.7 |
44,581.1 |
36,523.0 |
44,838.1 |
|
Gross Profit |
9,526.8 |
11,122.9 |
10,026.9 |
7,552.8 |
9,944.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
6,458.2 |
6,710.8 |
6,219.9 |
5,877.1 |
5,958.8 |
|
Total Selling/General/Administrative Expenses |
6,458.2 |
6,710.8 |
6,219.9 |
5,877.1 |
5,958.8 |
|
Litigation |
- |
0.0 |
1,033.4 |
0.0 |
- |
|
Impairment-Assets Held for Use |
148.8 |
231.2 |
220.5 |
200.4 |
559.9 |
|
Impairment-Assets Held for Sale |
328.8 |
424.0 |
227.1 |
521.7 |
1,167.0 |
|
Other Unusual Expense (Income) |
- |
- |
107.7 |
120.8 |
179.3 |
|
Unusual Expense (Income) |
477.5 |
655.2 |
1,588.7 |
842.9 |
1,906.1 |
|
Total Operating Expense |
56,606.0 |
62,751.8 |
52,389.7 |
43,242.9 |
52,703.0 |
|
|
|
|
|
|
|
|
Operating Income |
2,591.1 |
3,756.8 |
2,218.3 |
832.8 |
2,079.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-517.2 |
-539.7 |
-474.6 |
-498.3 |
-740.0 |
|
Interest Expense, Net Non-Operating |
-517.2 |
-539.7 |
-474.6 |
-498.3 |
-740.0 |
|
Interest Income -
Non-Operating |
502.9 |
470.8 |
466.4 |
386.0 |
394.3 |
|
Investment Income -
Non-Operating |
1,506.1 |
1,372.8 |
1,056.3 |
631.2 |
1,046.7 |
|
Interest/Investment Income - Non-Operating |
2,009.0 |
1,843.6 |
1,522.8 |
1,017.2 |
1,441.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
1,491.8 |
1,303.9 |
1,048.2 |
519.0 |
701.0 |
|
Gain (Loss) on Sale of Assets |
74.8 |
72.1 |
2.7 |
0.1 |
35.7 |
|
Other Non-Operating Income (Expense) |
-372.0 |
100.2 |
-86.9 |
4.3 |
-406.1 |
|
Other, Net |
-372.0 |
100.2 |
-86.9 |
4.3 |
-406.1 |
|
Income Before Tax |
3,785.7 |
5,233.1 |
3,182.3 |
1,356.1 |
2,410.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
1,908.5 |
2,186.2 |
2,379.5 |
959.9 |
1,534.2 |
|
Income After Tax |
1,877.2 |
3,046.9 |
802.8 |
396.2 |
875.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-289.9 |
-483.6 |
-50.0 |
-191.3 |
-349.2 |
|
Equity In Affiliates |
2,124.0 |
2,939.3 |
2,825.8 |
1,414.6 |
1,200.8 |
|
Net Income Before Extraord Items |
3,711.3 |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
|
Discontinued Operations |
- |
- |
0.0 |
-8.5 |
40.1 |
|
Total Extraord Items |
- |
- |
0.0 |
-8.5 |
40.1 |
|
Net Income |
3,711.3 |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
3,711.3 |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
3,711.3 |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,825.0 |
1,824.9 |
1,824.8 |
1,823.2 |
1,820.0 |
|
Basic EPS Excl Extraord Items |
2.03 |
3.02 |
1.96 |
0.89 |
0.95 |
|
Basic/Primary EPS Incl Extraord Items |
2.03 |
3.02 |
1.96 |
0.88 |
0.97 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
-0.2 |
0.3 |
|
Diluted Net Income |
3,711.3 |
5,502.7 |
3,578.6 |
1,610.7 |
1,767.8 |
|
Diluted Weighted Average Shares |
1,825.0 |
1,824.9 |
1,824.8 |
1,823.2 |
1,825.2 |
|
Diluted EPS Excl Extraord Items |
2.03 |
3.02 |
1.96 |
0.89 |
0.95 |
|
Diluted EPS Incl Extraord Items |
2.03 |
3.02 |
1.96 |
0.88 |
0.97 |
|
Dividends per Share - Common Stock Primary Issue |
0.52 |
0.70 |
0.55 |
0.19 |
0.25 |
|
Gross Dividends - Common Stock |
946.0 |
1,271.5 |
1,001.2 |
353.6 |
453.1 |
|
Interest Expense, Supplemental |
517.2 |
539.7 |
474.6 |
498.3 |
740.0 |
|
Depreciation, Supplemental |
2,396.7 |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
|
Total Special Items |
402.7 |
583.1 |
1,586.1 |
842.8 |
1,870.5 |
|
Normalized Income Before Tax |
4,188.4 |
5,816.2 |
4,768.4 |
2,198.9 |
4,280.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
203.0 |
243.6 |
555.1 |
295.0 |
654.7 |
|
Inc Tax Ex Impact of Sp Items |
2,111.5 |
2,429.8 |
2,934.6 |
1,254.9 |
2,188.9 |
|
Normalized Income After Tax |
2,076.8 |
3,386.4 |
1,833.8 |
944.0 |
2,091.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,911.0 |
5,842.2 |
4,609.6 |
2,167.3 |
2,943.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.14 |
3.20 |
2.53 |
1.19 |
1.62 |
|
Diluted Normalized EPS |
2.14 |
3.20 |
2.53 |
1.19 |
1.61 |
|
Advertising Expense, Supplemental |
52.1 |
56.1 |
48.8 |
63.2 |
80.9 |
|
Research & Development Exp, Supplemental |
59.9 |
42.2 |
44.8 |
38.8 |
34.6 |
|
Reported Operating Profit |
3,068.6 |
4,412.1 |
3,699.4 |
1,554.9 |
3,806.4 |
|
Normalized EBIT |
3,068.6 |
4,412.1 |
3,807.1 |
1,675.7 |
3,985.7 |
|
Normalized EBITDA |
5,465.3 |
6,355.8 |
5,527.1 |
3,149.2 |
5,374.6 |
|
Current Tax - Domestic |
- |
- |
- |
404.2 |
315.3 |
|
Current Tax - Foreign |
- |
- |
- |
731.6 |
1,030.4 |
|
Current Tax - Total |
2,197.5 |
2,365.9 |
- |
- |
- |
|
Current Tax - Total |
2,197.5 |
2,365.9 |
- |
1,135.9 |
1,345.7 |
|
Deferred Tax - Domestic |
- |
- |
- |
-207.3 |
217.2 |
|
Deferred Tax - Foreign |
- |
- |
- |
31.3 |
-28.7 |
|
Deferred Tax - Total |
-289.0 |
-179.7 |
- |
- |
- |
|
Deferred Tax - Total |
-289.0 |
-179.7 |
- |
-175.9 |
188.5 |
|
Income Tax - Total |
1,908.5 |
2,186.2 |
- |
959.9 |
1,534.2 |
|
Interest Cost - Domestic |
69.2 |
80.0 |
74.3 |
68.1 |
62.5 |
|
Service Cost - Domestic |
112.5 |
99.8 |
115.0 |
96.6 |
99.8 |
|
Prior Service Cost - Domestic |
0.8 |
0.4 |
2.0 |
-0.1 |
-1.7 |
|
Expected Return on Assets - Domestic |
-93.5 |
-100.1 |
-93.4 |
-85.5 |
-94.2 |
|
Actuarial Gains and Losses - Domestic |
133.9 |
123.2 |
85.2 |
137.6 |
28.4 |
|
Curtailments & Settlements - Domestic |
- |
0.0 |
-0.1 |
13.3 |
0.0 |
|
Other Pension, Net - Domestic |
0.9 |
0.0 |
-0.2 |
0.4 |
0.0 |
|
Domestic Pension Plan Expense |
223.9 |
203.3 |
182.8 |
230.3 |
94.8 |
|
Total Pension Expense |
223.9 |
203.3 |
182.8 |
230.3 |
94.8 |
|
Discount Rate - Domestic |
2.10% |
2.50% |
2.60% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
3.30% |
3.30% |
3.40% |
3.30% |
3.20% |
|
Compensation Rate - Domestic |
0.90% |
0.90% |
0.90% |
0.80% |
0.80% |
|
Total Plan Interest Cost |
69.2 |
80.0 |
74.3 |
68.1 |
62.5 |
|
Total Plan Service Cost |
112.5 |
99.8 |
115.0 |
96.6 |
99.8 |
|
Total Plan Expected Return |
-93.5 |
-100.1 |
-93.4 |
-85.5 |
-94.2 |
|
Total Plan Other Expense |
0.9 |
0.0 |
-0.2 |
0.4 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
15,197.5 |
17,421.1 |
17,418.4 |
15,153.7 |
11,678.2 |
|
Short Term Investments |
3.9 |
13.2 |
67.6 |
46.7 |
183.2 |
|
Cash and Short Term Investments |
15,201.4 |
17,434.3 |
17,485.9 |
15,200.4 |
11,861.4 |
|
Accounts Receivable -
Trade, Gross |
17,100.0 |
19,617.5 |
17,659.3 |
14,793.0 |
14,296.1 |
|
Provision for Doubtful
Accounts |
-175.0 |
-216.8 |
-197.5 |
-197.2 |
-183.9 |
|
Trade Accounts Receivable - Net |
16,925.0 |
19,400.7 |
17,461.8 |
14,595.8 |
14,112.1 |
|
Notes Receivable - Short Term |
3,093.4 |
3,915.6 |
3,590.2 |
3,136.1 |
3,024.0 |
|
Total Receivables, Net |
20,018.4 |
23,316.2 |
21,051.9 |
17,731.9 |
17,136.1 |
|
Total Inventory |
7,934.9 |
6,260.3 |
5,638.9 |
5,402.9 |
5,999.1 |
|
Prepaid Expenses |
1,436.1 |
1,577.8 |
1,503.8 |
1,032.6 |
1,000.0 |
|
Deferred Income Tax - Current Asset |
166.3 |
455.3 |
499.2 |
426.0 |
303.4 |
|
Other Current Assets |
4,468.1 |
4,683.1 |
5,915.3 |
5,808.6 |
8,441.6 |
|
Other Current Assets, Total |
4,634.4 |
5,138.4 |
6,414.5 |
6,234.7 |
8,745.1 |
|
Total Current Assets |
49,225.2 |
53,727.1 |
52,095.1 |
45,602.4 |
44,741.7 |
|
|
|
|
|
|
|
|
Buildings |
4,700.4 |
4,872.8 |
4,351.4 |
4,077.8 |
3,486.8 |
|
Land/Improvements |
2,325.5 |
2,462.0 |
1,794.4 |
1,696.6 |
1,673.1 |
|
Machinery/Equipment |
18,182.1 |
16,377.8 |
13,475.3 |
10,805.5 |
9,143.2 |
|
Construction in
Progress |
2,498.5 |
1,854.6 |
1,724.9 |
1,821.7 |
1,558.4 |
|
Other
Property/Plant/Equipment |
2,159.1 |
1,929.6 |
1,952.7 |
1,418.1 |
1,561.7 |
|
Property/Plant/Equipment - Gross |
29,865.5 |
27,496.8 |
23,298.7 |
19,819.7 |
17,423.2 |
|
Accumulated Depreciation |
-13,176.3 |
-12,252.8 |
-10,862.0 |
-9,347.1 |
-7,842.4 |
|
Property/Plant/Equipment - Net |
16,689.3 |
15,244.0 |
12,436.6 |
10,472.6 |
9,580.7 |
|
Intangibles, Net |
1,258.9 |
1,338.9 |
1,056.0 |
906.9 |
977.1 |
|
LT Investment - Affiliate Companies |
24,713.5 |
20,745.0 |
19,314.9 |
15,015.6 |
12,913.7 |
|
LT Investments - Other |
3,514.0 |
3,310.6 |
3,133.2 |
2,397.3 |
2,016.8 |
|
Long Term Investments |
28,227.5 |
24,055.6 |
22,448.1 |
17,412.8 |
14,930.6 |
|
Note Receivable - Long Term |
5,568.2 |
5,513.0 |
5,520.0 |
4,851.2 |
4,924.7 |
|
Deferred Income Tax - Long Term Asset |
335.2 |
189.7 |
175.2 |
143.2 |
212.7 |
|
Other Long Term Assets |
8,428.3 |
9,318.0 |
10,010.8 |
10,176.2 |
9,316.5 |
|
Other Long Term Assets, Total |
8,763.5 |
9,507.6 |
10,186.0 |
10,319.3 |
9,529.3 |
|
Total Assets |
109,732.6 |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
15,286.5 |
16,293.5 |
15,887.7 |
13,998.1 |
13,086.2 |
|
Accrued Expenses |
1,041.1 |
1,333.8 |
211.5 |
205.2 |
207.6 |
|
Notes Payable/Short Term Debt |
7,537.4 |
4,375.0 |
3,512.4 |
2,977.4 |
5,114.0 |
|
Current Portion - Long Term Debt/Capital Leases |
4,476.8 |
4,523.3 |
3,726.9 |
3,429.8 |
3,778.4 |
|
Customer Advances |
1,046.6 |
1,296.2 |
1,543.9 |
1,184.8 |
1,337.6 |
|
Income Taxes Payable |
574.9 |
887.4 |
819.8 |
402.4 |
471.6 |
|
Other Current Liabilities |
2,403.4 |
3,141.4 |
4,980.1 |
3,281.3 |
4,277.3 |
|
Other Current liabilities, Total |
4,024.8 |
5,325.0 |
7,343.8 |
4,868.6 |
6,086.5 |
|
Total Current Liabilities |
32,366.6 |
31,850.7 |
30,682.3 |
25,479.1 |
28,272.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
33,850.6 |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
|
Total Long Term Debt |
33,850.6 |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
|
Total Debt |
45,864.8 |
44,077.2 |
41,246.7 |
37,548.0 |
37,659.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,832.9 |
3,442.5 |
3,813.1 |
3,265.2 |
2,592.7 |
|
Deferred Income Tax |
2,832.9 |
3,442.5 |
3,813.1 |
3,265.2 |
2,592.7 |
|
Minority Interest |
2,745.1 |
2,664.2 |
2,258.0 |
2,137.0 |
2,326.4 |
|
Pension Benefits - Underfunded |
726.0 |
677.3 |
447.1 |
363.1 |
342.4 |
|
Other Long Term Liabilities |
3,394.0 |
3,512.2 |
3,984.4 |
3,313.3 |
3,332.1 |
|
Other Liabilities, Total |
4,120.0 |
4,189.5 |
4,431.5 |
3,676.4 |
3,674.4 |
|
Total Liabilities |
75,915.3 |
77,325.7 |
75,192.2 |
65,698.4 |
65,633.1 |
|
|
|
|
|
|
|
|
Common Stock |
3,629.4 |
4,144.9 |
4,120.2 |
3,654.6 |
3,438.6 |
|
Common Stock |
3,629.4 |
4,144.9 |
4,120.2 |
3,654.6 |
3,438.6 |
|
Additional Paid-In Capital |
4,568.3 |
5,225.3 |
5,190.1 |
4,589.6 |
4,396.0 |
|
Retained Earnings (Accumulated Deficit) |
26,301.4 |
27,407.7 |
23,190.6 |
17,893.2 |
15,541.2 |
|
Treasury Stock - Common |
-63.5 |
-75.3 |
-76.5 |
-67.6 |
-57.3 |
|
Unrealized Gain (Loss) |
1,178.2 |
803.2 |
992.8 |
1,241.1 |
322.0 |
|
Translation Adjustment |
-1,008.8 |
-4,618.0 |
-4,161.2 |
-2,918.1 |
-3,894.1 |
|
Minimum Pension Liability Adjustment |
-787.8 |
-827.4 |
-706.4 |
-525.8 |
-695.4 |
|
Other Equity, Total |
-1,796.6 |
-5,445.4 |
-4,867.5 |
-3,443.9 |
-4,589.5 |
|
Total Equity |
33,817.3 |
32,060.5 |
28,549.6 |
23,867.0 |
19,051.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
109,732.6 |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,825.1 |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
|
Total Common Shares Outstanding |
1,825.1 |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
|
Treasury Shares - Common Stock Primary Issue |
4.0 |
4.2 |
4.3 |
4.3 |
3.8 |
|
Employees |
45,148 |
44,805 |
40,026 |
41,454 |
39,864 |
|
Number of Common Shareholders |
228,835 |
210,164 |
157,274 |
134,564 |
130,019 |
|
Deferred Revenue - Current |
1,046.6 |
1,296.2 |
1,543.9 |
1,184.8 |
1,337.6 |
|
Total Long Term Debt, Supplemental |
38,327.4 |
39,702.1 |
37,335.0 |
34,207.8 |
32,256.4 |
|
Long Term Debt Maturing within 1 Year |
4,476.8 |
4,546.7 |
3,681.2 |
3,442.2 |
3,758.9 |
|
Long Term Debt Maturing in Year 2 |
5,007.4 |
5,329.8 |
4,371.9 |
3,577.8 |
3,409.1 |
|
Long Term Debt Maturing in Year 3 |
4,239.3 |
5,125.6 |
4,498.5 |
3,604.5 |
3,138.3 |
|
Long Term Debt Maturing in Year 4 |
3,957.0 |
4,066.5 |
5,061.8 |
3,873.0 |
3,154.7 |
|
Long Term Debt Maturing in Year 5 |
4,117.0 |
5,107.5 |
3,898.0 |
4,321.0 |
3,827.9 |
|
Long Term Debt Maturing in 2-3 Years |
9,246.7 |
10,455.4 |
8,870.4 |
7,182.4 |
6,547.5 |
|
Long Term Debt Maturing in 4-5 Years |
8,074.0 |
9,174.0 |
8,959.8 |
8,194.0 |
6,982.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
16,529.9 |
15,526.2 |
15,823.5 |
15,389.3 |
14,967.4 |
|
Interest Costs |
-85.8 |
-77.3 |
-82.4 |
-42.8 |
-36.4 |
|
Total Capital Leases, Supplemental |
367.9 |
434.5 |
367.5 |
204.2 |
271.6 |
|
Capital Lease Payments Due in Year 1 |
57.4 |
101.3 |
56.3 |
55.2 |
81.9 |
|
Capital Lease Payments Due in Year 2 |
57.1 |
136.8 |
87.0 |
56.9 |
58.8 |
|
Capital Lease Payments Due in Year 3 |
49.8 |
47.2 |
118.8 |
28.6 |
61.4 |
|
Capital Lease Payments Due in Year 4 |
42.1 |
40.0 |
26.5 |
23.4 |
27.0 |
|
Capital Lease Payments Due in Year 5 |
32.2 |
32.5 |
21.4 |
14.6 |
21.9 |
|
Capital Lease Payments Due in 2-3 Years |
106.9 |
184.0 |
205.8 |
85.5 |
120.2 |
|
Capital Lease Payments Due in 4-5 Years |
74.2 |
72.5 |
47.8 |
38.0 |
48.8 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
215.1 |
154.1 |
140.0 |
68.3 |
57.1 |
|
Total Operating Leases, Supplemental |
896.7 |
1,098.8 |
883.7 |
1,289.1 |
1,442.2 |
|
Operating Lease Payments Due in Year 1 |
245.7 |
255.3 |
236.1 |
319.9 |
362.9 |
|
Operating Lease Payments Due in Year 2 |
176.9 |
247.3 |
170.8 |
237.0 |
254.8 |
|
Operating Lease Payments Due in Year 3 |
131.3 |
151.7 |
124.1 |
170.6 |
198.6 |
|
Operating Lease Payments Due in Year 4 |
111.6 |
94.6 |
95.5 |
166.8 |
142.7 |
|
Operating Lease Payments Due in Year 5 |
80.0 |
65.4 |
83.2 |
87.9 |
150.3 |
|
Operating Lease Pymts. Due in 2-3 Years |
308.2 |
399.0 |
294.8 |
407.6 |
453.5 |
|
Operating Lease Pymts. Due in 4-5 Years |
191.6 |
159.9 |
178.6 |
254.7 |
293.0 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
151.2 |
284.6 |
174.1 |
306.9 |
332.8 |
|
Pension Obligation - Domestic |
3,488.3 |
3,526.1 |
3,337.3 |
3,006.1 |
2,784.0 |
|
Plan Assets - Domestic |
2,757.3 |
2,844.5 |
2,892.2 |
2,849.7 |
2,453.8 |
|
Funded Status - Domestic |
-731.0 |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
|
Total Funded Status |
-731.0 |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
|
Discount Rate - Domestic |
1.30% |
2.10% |
2.50% |
2.50% |
2.50% |
|
Compensation Rate - Domestic |
1.00% |
0.90% |
0.90% |
0.90% |
0.80% |
|
Prepaid Benefits - Domestic |
2.5 |
4.1 |
8.7 |
230.7 |
20.0 |
|
Accrued Liabilities - Domestic |
-733.5 |
-685.8 |
-453.8 |
-387.1 |
-350.2 |
|
Net Assets Recognized on Balance Sheet |
-731.0 |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
|
Total Plan Obligations |
3,488.3 |
3,526.1 |
3,337.3 |
3,006.1 |
2,784.0 |
|
Total Plan Assets |
2,757.3 |
2,844.5 |
2,892.2 |
2,849.7 |
2,453.8 |
Annual Cash Flows
Financials in: USD (mil)
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
4,001.1 |
5,986.2 |
3,628.6 |
1,802.2 |
2,116.7 |
|
Depreciation |
2,396.7 |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
|
Depreciation/Depletion |
2,396.7 |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
|
Deferred Taxes |
-289.0 |
-179.7 |
548.5 |
-175.9 |
188.5 |
|
Discontinued Operations |
- |
- |
0.0 |
58.7 |
106.6 |
|
Unusual Items |
-138.5 |
305.3 |
-16.2 |
496.6 |
1,360.5 |
|
Equity in Net Earnings (Loss) |
-729.1 |
-922.0 |
-1,078.3 |
-214.5 |
-239.5 |
|
Other Non-Cash Items |
290.8 |
308.6 |
228.8 |
289.1 |
207.3 |
|
Non-Cash Items |
-576.8 |
-308.1 |
-865.7 |
629.9 |
1,434.9 |
|
Accounts Receivable |
753.1 |
-1,700.6 |
-1,347.4 |
1,443.0 |
7,685.6 |
|
Inventories |
1,281.6 |
-418.5 |
-572.1 |
850.4 |
630.0 |
|
Prepaid Expenses |
399.5 |
-3.8 |
-66.8 |
279.9 |
-202.8 |
|
Other Assets |
- |
- |
226.5 |
-664.1 |
-645.2 |
|
Accounts Payable |
136.6 |
498.9 |
864.5 |
-275.6 |
-5,671.1 |
|
Accrued Expenses |
-426.9 |
250.0 |
372.6 |
-264.0 |
-624.2 |
|
Other Liabilities |
-1,658.7 |
-560.1 |
333.3 |
1,501.9 |
-399.6 |
|
Other Assets & Liabilities, Net |
-347.1 |
22.5 |
- |
- |
- |
|
Other Operating Cash Flow |
-108.7 |
-705.5 |
1,045.1 |
202.6 |
-103.2 |
|
Changes in Working Capital |
29.4 |
-2,617.1 |
855.7 |
3,074.1 |
669.5 |
|
Cash from Operating Activities |
5,561.4 |
4,825.0 |
5,887.1 |
6,803.9 |
5,798.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-5,047.8 |
-4,614.1 |
-3,859.0 |
-2,497.7 |
-2,524.2 |
|
Capital Expenditures |
-5,047.8 |
-4,614.1 |
-3,859.0 |
-2,497.7 |
-2,524.2 |
|
Acquisition of Business |
-256.6 |
- |
- |
- |
- |
|
Sale of Business |
0.0 |
82.8 |
273.0 |
0.0 |
46.7 |
|
Sale of Fixed Assets |
239.8 |
297.3 |
200.5 |
471.1 |
344.0 |
|
Sale/Maturity of Investment |
3,441.4 |
1,756.9 |
1,428.2 |
1,295.7 |
1,072.6 |
|
Investment, Net |
-4.6 |
505.3 |
110.2 |
292.7 |
856.2 |
|
Purchase of Investments |
-7,451.3 |
-3,577.7 |
-3,801.4 |
-1,499.5 |
-2,690.2 |
|
Other Investing Cash Flow Items, Total |
-4,031.3 |
-935.3 |
-1,789.4 |
560.0 |
-370.7 |
|
Cash from Investing Activities |
-9,079.1 |
-5,549.4 |
-5,648.4 |
-1,937.7 |
-2,894.9 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
11.1 |
-57.4 |
98.3 |
-509.2 |
-143.3 |
|
Financing Cash Flow Items |
11.1 |
-57.4 |
98.3 |
-509.2 |
-143.3 |
|
Cash Dividends Paid - Common |
-1,100.0 |
-1,248.3 |
-660.4 |
-137.5 |
-869.0 |
|
Total Cash Dividends Paid |
-1,100.0 |
-1,248.3 |
-660.4 |
-137.5 |
-869.0 |
|
Common Stock, Net |
-0.2 |
1.7 |
-0.4 |
-0.3 |
-7.2 |
|
Issuance (Retirement) of Stock, Net |
-0.2 |
1.7 |
-0.4 |
-0.3 |
-7.2 |
|
Short Term Debt, Net |
1,946.2 |
524.6 |
585.8 |
-2,285.5 |
408.2 |
|
Long Term Debt Issued |
9,130.0 |
6,164.0 |
4,405.6 |
5,307.9 |
3,639.8 |
|
Long Term Debt
Reduction |
-7,315.9 |
-4,657.7 |
-4,034.4 |
-4,682.7 |
-3,125.8 |
|
Long Term Debt, Net |
1,814.1 |
1,506.3 |
371.3 |
625.2 |
514.0 |
|
Issuance (Retirement) of Debt, Net |
3,760.3 |
2,030.9 |
957.1 |
-1,660.2 |
922.2 |
|
Cash from Financing Activities |
2,671.3 |
726.9 |
394.7 |
-2,307.3 |
-97.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
774.9 |
-128.3 |
-170.5 |
169.7 |
-332.9 |
|
Net Change in Cash |
-71.6 |
-126.0 |
462.8 |
2,728.5 |
2,473.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
17,248.4 |
18,250.2 |
16,354.0 |
12,349.9 |
8,949.3 |
|
Net Cash - Ending Balance |
17,176.9 |
18,124.2 |
16,816.8 |
15,078.4 |
11,422.8 |
|
Cash Interest Paid |
650.0 |
672.4 |
590.9 |
635.9 |
835.6 |
|
Cash Taxes Paid |
1,904.6 |
1,974.8 |
1,249.6 |
1,143.3 |
2,537.2 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Sales of Products |
53,129.1 |
60,196.2 |
48,486.0 |
38,631.9 |
48,290.0 |
|
Sales of Services |
4,725.6 |
4,774.9 |
4,333.6 |
4,031.6 |
4,755.7 |
|
Other Sales |
1,342.4 |
1,537.5 |
1,788.5 |
1,412.2 |
1,736.9 |
|
Total Revenue |
59,197.1 |
66,508.6 |
54,608.1 |
44,075.7 |
54,782.6 |
|
|
|
|
|
|
|
|
Cost of Product Sale |
47,020.0 |
52,764.3 |
41,884.5 |
34,386.8 |
42,503.4 |
|
Cost of Service Sale |
1,950.8 |
1,868.8 |
1,603.2 |
1,459.0 |
1,624.0 |
|
Cost of Other Sales |
699.5 |
752.6 |
1,093.3 |
677.2 |
710.7 |
|
Bad Debt Exp&Prov of Allow.-Dbt Acct-SGA |
177.9 |
191.2 |
- |
- |
- |
|
Selling, general and administrative expe |
6,280.2 |
6,519.6 |
- |
- |
- |
|
Selling/Gen./Admin. |
- |
- |
6,219.9 |
5,877.1 |
5,958.8 |
|
Doubtful Provision |
- |
- |
107.7 |
120.8 |
179.3 |
|
G/L on val. of mkbl. secs. |
328.8 |
424.0 |
227.1 |
521.7 |
1,167.0 |
|
L on val.fixed assets |
148.8 |
177.9 |
213.5 |
93.8 |
375.1 |
|
Goodwill impairment loss |
0.0 |
53.3 |
7.0 |
106.6 |
184.8 |
|
Settlement expenses |
- |
0.0 |
1,033.4 |
0.0 |
- |
|
Total Operating Expense |
56,606.0 |
62,751.8 |
52,389.7 |
43,242.9 |
52,703.0 |
|
|
|
|
|
|
|
|
Interest Received And Paid |
-517.2 |
- |
- |
- |
- |
|
Interest Expense |
- |
-539.7 |
-474.6 |
-498.3 |
-740.0 |
|
Interest Income(1) |
502.9 |
470.8 |
- |
- |
- |
|
Interest Income |
- |
- |
466.4 |
386.0 |
394.3 |
|
Dividends income |
964.9 |
1,095.0 |
- |
- |
- |
|
Dividends |
- |
- |
595.2 |
405.8 |
716.0 |
|
G/L on sale of mkbl. secs. |
541.2 |
277.8 |
461.2 |
225.4 |
330.7 |
|
G/L on disp. fixed asset |
74.8 |
72.1 |
2.7 |
0.1 |
35.7 |
|
Other G/L |
-372.0 |
100.2 |
-86.9 |
4.3 |
-406.1 |
|
Net Income Before Taxes |
3,785.7 |
5,233.1 |
3,182.3 |
1,356.1 |
2,410.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1,908.5 |
2,186.2 |
2,379.5 |
959.9 |
1,534.2 |
|
Net Income After Taxes |
1,877.2 |
3,046.9 |
802.8 |
396.2 |
875.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-289.9 |
-483.6 |
-50.0 |
-191.3 |
-349.2 |
|
Gain On Equity From Subsidiaries And Aff |
2,124.0 |
2,939.3 |
- |
- |
- |
|
Equity in Earnings |
- |
- |
2,825.8 |
1,414.6 |
1,200.8 |
|
Net Income Before Extra. Items |
3,711.3 |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
|
Disc. Operations |
- |
- |
0.0 |
-8.5 |
40.1 |
|
Net Income |
3,711.3 |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
3,711.3 |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
3,711.3 |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,825.0 |
1,824.9 |
1,824.8 |
1,823.2 |
1,820.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.03 |
3.02 |
1.96 |
0.89 |
0.95 |
|
Basic EPS Including ExtraOrdinary Items |
2.03 |
3.02 |
1.96 |
0.88 |
0.97 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
-0.2 |
0.3 |
|
Diluted Net Income |
3,711.3 |
5,502.7 |
3,578.6 |
1,610.7 |
1,767.8 |
|
Diluted Weighted Average Shares |
1,825.0 |
1,824.9 |
1,824.8 |
1,823.2 |
1,825.2 |
|
Diluted EPS Excluding ExtraOrd Items |
2.03 |
3.02 |
1.96 |
0.89 |
0.95 |
|
Diluted EPS Including ExtraOrd Items |
2.03 |
3.02 |
1.96 |
0.88 |
0.97 |
|
DPS-Ordinary Shares |
0.52 |
0.70 |
0.55 |
0.19 |
0.25 |
|
Gross Dividends - Common Stock |
946.0 |
1,271.5 |
1,001.2 |
353.6 |
453.1 |
|
Normalized Income Before Taxes |
4,188.4 |
5,816.2 |
4,768.4 |
2,198.9 |
4,280.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2,111.5 |
2,429.8 |
2,934.6 |
1,254.9 |
2,188.9 |
|
Normalized Income After Taxes |
2,076.8 |
3,386.4 |
1,833.8 |
944.0 |
2,091.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,911.0 |
5,842.2 |
4,609.6 |
2,167.3 |
2,943.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.14 |
3.20 |
2.53 |
1.19 |
1.62 |
|
Diluted Normalized EPS |
2.14 |
3.20 |
2.53 |
1.19 |
1.61 |
|
Research&Development |
59.9 |
42.2 |
44.8 |
38.8 |
34.6 |
|
Advertising expense |
52.1 |
56.1 |
- |
- |
- |
|
Advertisement |
- |
- |
48.8 |
63.2 |
80.9 |
|
Interest Received And Paid |
517.2 |
- |
- |
- |
- |
|
Interest Expense |
- |
539.7 |
474.6 |
498.3 |
740.0 |
|
BC - Depreciation of Fixed Assets |
2,396.7 |
- |
- |
- |
- |
|
Depreciation |
- |
1,943.7 |
- |
- |
- |
|
Depreciation |
- |
- |
1,720.0 |
1,473.5 |
1,388.9 |
|
Income taxes-current |
2,197.5 |
2,365.9 |
- |
- |
- |
|
Domesic |
- |
- |
- |
404.2 |
315.3 |
|
Foreign |
- |
- |
- |
731.6 |
1,030.4 |
|
Current Tax - Total |
2,197.5 |
2,365.9 |
- |
1,135.9 |
1,345.7 |
|
Deferred Income Taxes |
-289.0 |
-179.7 |
- |
- |
- |
|
Domesic |
- |
- |
- |
-207.3 |
217.2 |
|
Foreign |
- |
- |
- |
31.3 |
-28.7 |
|
Deferred Tax - Total |
-289.0 |
-179.7 |
- |
-175.9 |
188.5 |
|
Income Tax - Total |
1,908.5 |
2,186.2 |
- |
959.9 |
1,534.2 |
|
Reported Operating Profit |
3,068.6 |
4,412.1 |
3,699.4 |
1,554.9 |
3,806.4 |
|
Service cost |
112.5 |
99.8 |
115.0 |
96.6 |
99.8 |
|
Interest cost |
69.2 |
80.0 |
74.3 |
68.1 |
62.5 |
|
Expected return on plan asset |
-93.5 |
-100.1 |
-93.4 |
-85.5 |
-94.2 |
|
Prior service cost |
0.8 |
0.4 |
2.0 |
-0.1 |
-1.7 |
|
Actuarial G/L |
133.9 |
123.2 |
85.2 |
137.6 |
28.4 |
|
Settlements |
0.9 |
0.0 |
-0.2 |
0.4 |
0.0 |
|
Curtailments |
- |
0.0 |
-0.1 |
13.3 |
0.0 |
|
Domestic Pension Plan Expense |
223.9 |
203.3 |
182.8 |
230.3 |
94.8 |
|
Total Pension Expense |
223.9 |
203.3 |
182.8 |
230.3 |
94.8 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.10% |
2.50% |
- |
- |
- |
|
Discount rate |
- |
- |
2.60% |
2.50% |
2.50% |
|
Expected return on assets(MIN)-Retiremen |
3.30% |
3.30% |
- |
- |
- |
|
Plan asset expected rate of return |
- |
- |
3.40% |
3.30% |
3.20% |
|
Assumed Wage increase Rate (MAX)-Retirem |
0.90% |
0.90% |
- |
- |
- |
|
Compensation rate |
- |
- |
0.90% |
0.80% |
0.80% |
Annual Balance Sheet
Financials in: USD (mil)
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash/Equivalents |
15,147.2 |
17,370.9 |
17,387.3 |
14,997.8 |
11,621.0 |
|
Deposits |
50.4 |
50.1 |
31.1 |
155.9 |
57.2 |
|
Short-term investment securities |
3.9 |
13.2 |
- |
- |
- |
|
Mktbl. Secs. |
- |
- |
67.6 |
46.7 |
183.2 |
|
Notes/Loans Rcv. |
3,093.4 |
3,915.6 |
3,590.2 |
3,136.1 |
3,024.0 |
|
Accounts receivable-trade |
17,100.0 |
19,617.5 |
- |
- |
- |
|
Accounts Rcvbl. |
- |
- |
17,659.3 |
14,793.0 |
14,296.1 |
|
Derivatives |
649.2 |
651.4 |
- |
- |
- |
|
Other(1) |
2,346.0 |
2,613.0 |
- |
- |
- |
|
Assoc. Rcvbl. |
1,473.0 |
1,418.8 |
1,932.1 |
1,735.5 |
1,712.2 |
|
Allowance For Doubtful Accounts |
-175.0 |
-216.8 |
- |
- |
- |
|
Doubtful Account |
- |
- |
-197.5 |
-197.2 |
-183.9 |
|
Inventories |
7,934.9 |
6,260.3 |
5,638.9 |
5,402.9 |
5,999.1 |
|
Advance payments-trade |
1,436.1 |
1,577.8 |
- |
- |
- |
|
Advance Payments |
- |
- |
1,503.8 |
1,032.6 |
1,000.0 |
|
Dfd. Income Tax. |
166.3 |
455.3 |
499.2 |
426.0 |
303.4 |
|
Derivative Receivables |
- |
- |
1,153.7 |
1,225.0 |
3,340.1 |
|
Other |
- |
- |
2,829.5 |
2,848.1 |
3,389.4 |
|
Total Current Assets |
49,225.2 |
53,727.1 |
52,095.1 |
45,602.4 |
44,741.7 |
|
|
|
|
|
|
|
|
Other |
8,676.3 |
9,619.3 |
- |
- |
- |
|
Allowance For Doubtful Accounts |
-397.1 |
-447.2 |
- |
- |
- |
|
Affiliate Investment |
24,713.5 |
20,745.0 |
19,314.9 |
15,015.6 |
12,913.7 |
|
Other Investment |
- |
- |
10,374.6 |
10,337.6 |
9,691.4 |
|
Noncurrent Receivable |
5,568.2 |
5,513.0 |
5,520.0 |
4,851.2 |
4,924.7 |
|
Doubtful Account |
- |
- |
-511.8 |
-518.8 |
-525.3 |
|
Noncurrent Assets For Rent |
3,514.0 |
3,310.6 |
3,133.2 |
2,397.3 |
2,016.8 |
|
Land and Mount |
2,325.5 |
2,462.0 |
1,794.4 |
1,696.6 |
1,673.1 |
|
Buildings(1) |
4,700.4 |
4,872.8 |
- |
- |
- |
|
Buildings |
- |
- |
4,351.4 |
4,077.8 |
3,486.8 |
|
Machinery And Equipment |
17,730.6 |
15,861.5 |
- |
- |
- |
|
Vessels |
451.5 |
516.3 |
- |
- |
- |
|
Equip./Fixtures |
- |
- |
13,005.9 |
10,487.6 |
8,781.2 |
|
Ships |
- |
- |
469.4 |
317.9 |
362.0 |
|
Mining Right |
2,159.1 |
- |
- |
- |
- |
|
Mineral Rights |
- |
1,929.6 |
1,952.7 |
1,418.1 |
1,561.7 |
|
Construction In Progress |
2,498.5 |
1,854.6 |
- |
- |
- |
|
Project in Prog. |
- |
- |
1,724.9 |
1,821.7 |
1,558.4 |
|
Depreciation |
-13,176.3 |
-12,252.8 |
-10,862.0 |
-9,347.1 |
-7,842.4 |
|
Total intangible assets |
1,258.9 |
1,338.9 |
- |
- |
- |
|
Intangibles |
- |
- |
1,056.0 |
906.9 |
977.1 |
|
Deferred Taxes |
335.2 |
189.7 |
175.2 |
143.2 |
212.7 |
|
Miscellaneous |
149.1 |
145.8 |
148.0 |
357.3 |
150.4 |
|
Total Assets |
109,732.6 |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
|
|
|
|
|
|
|
|
Notes payable-trade |
489.5 |
647.1 |
- |
- |
- |
|
Short-term loans payable |
7,047.9 |
3,728.0 |
- |
- |
- |
|
ST Loans/Notes |
- |
- |
3,017.2 |
2,583.3 |
4,597.1 |
|
Current portion of long-term loans payab |
4,476.8 |
4,523.3 |
- |
- |
- |
|
Cur.Mat. LT Debt |
- |
- |
3,726.9 |
3,429.8 |
3,778.4 |
|
Notes Payable |
- |
- |
495.3 |
394.2 |
516.8 |
|
Accounts payable-trade |
15,286.5 |
- |
- |
- |
- |
|
Notes And Accounts Payable Trade |
- |
16,293.5 |
- |
- |
- |
|
Accounts Payable |
- |
- |
15,887.7 |
13,998.1 |
13,086.2 |
|
Derivatives Liabilities |
892.1 |
792.2 |
- |
- |
- |
|
Other |
860.6 |
1,132.1 |
- |
- |
- |
|
Assoc. Payable |
757.5 |
1,338.7 |
1,051.9 |
682.4 |
397.3 |
|
Accrued Taxes |
574.9 |
887.4 |
819.8 |
402.4 |
471.6 |
|
Accrued Interest |
180.5 |
201.7 |
211.5 |
205.2 |
207.6 |
|
Accrued Expenses |
- |
- |
872.0 |
766.1 |
908.2 |
|
Advances Received |
1,046.6 |
1,296.2 |
- |
- |
- |
|
Customer Adv. |
- |
- |
1,543.9 |
1,184.8 |
1,337.6 |
|
Derivative Payables |
- |
- |
1,064.2 |
898.7 |
1,827.8 |
|
Other Liabs. |
753.7 |
1,010.6 |
1,991.9 |
934.2 |
1,144.0 |
|
Total Current Liabilities |
32,366.6 |
31,850.7 |
30,682.3 |
25,479.1 |
28,272.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
33,850.6 |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
|
Total Long Term Debt |
33,850.6 |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
|
|
|
|
|
|
|
|
Accrued Pension |
726.0 |
677.3 |
447.1 |
363.1 |
342.4 |
|
Deferred tax liabilities |
2,832.9 |
3,442.5 |
- |
- |
- |
|
Deferred Taxes - Not Current |
- |
- |
3,813.1 |
3,265.2 |
2,592.7 |
|
Equity Minority/Non Controlling Interest |
2,745.1 |
2,664.2 |
- |
- |
- |
|
Minority Int. |
- |
- |
2,258.0 |
2,137.0 |
2,326.4 |
|
Other(1) |
3,394.0 |
3,512.2 |
- |
- |
- |
|
Other |
- |
- |
3,984.4 |
3,313.3 |
3,332.1 |
|
Total Liabilities |
75,915.3 |
77,325.7 |
75,192.2 |
65,698.4 |
65,633.1 |
|
|
|
|
|
|
|
|
Capital Stock |
3,629.4 |
4,144.9 |
- |
- |
- |
|
Common Stock |
- |
- |
4,120.2 |
3,654.6 |
3,438.6 |
|
Paid in Capital |
4,568.3 |
5,225.3 |
5,190.1 |
4,589.6 |
4,396.0 |
|
Legal retained earnings |
740.3 |
795.0 |
- |
- |
- |
|
Appropriated Rsv |
- |
- |
745.2 |
576.2 |
494.1 |
|
Unappropriated |
25,561.1 |
26,612.7 |
22,445.4 |
17,317.0 |
15,047.1 |
|
Unrealized Holding Loss Gain Of Securiti |
1,443.7 |
1,098.2 |
- |
- |
- |
|
Unrlzd Gain Secs |
- |
- |
1,166.2 |
1,325.9 |
448.1 |
|
Foreign Currency |
-1,008.8 |
-4,618.0 |
-4,161.2 |
-2,918.1 |
-3,894.1 |
|
Defined Salary Type Pension |
-787.8 |
-827.4 |
-706.4 |
-525.8 |
-695.4 |
|
Acc Amount Of Other Comprehensive Income |
-265.4 |
-295.0 |
-173.4 |
-84.8 |
-126.1 |
|
Treasury Stock(1) |
-63.5 |
-75.3 |
- |
- |
- |
|
Treasury Stock |
- |
- |
-76.5 |
-67.6 |
-57.3 |
|
Total Equity |
33,817.3 |
32,060.5 |
28,549.6 |
23,867.0 |
19,051.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
109,732.6 |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
1,825.1 |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
|
Total Common Shares Outstanding |
1,825.1 |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
|
T/S-Ordinary Shares |
4.0 |
4.2 |
4.3 |
4.3 |
3.8 |
|
Advances Received |
1,046.6 |
1,296.2 |
- |
- |
- |
|
Deferred Revenue - Current |
- |
- |
1,543.9 |
1,184.8 |
1,337.6 |
|
Full-Time Employees |
45,148 |
44,805 |
40,026 |
41,454 |
39,864 |
|
Total Number of Shareholders |
228,835 |
210,164 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
157,274 |
134,564 |
130,019 |
|
Loans Payable Maturing within a Year |
4,476.8 |
4,546.7 |
- |
- |
- |
|
LT Debt due within 1 Yr. |
- |
- |
3,681.2 |
3,442.2 |
3,758.9 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
5,007.4 |
5,329.8 |
- |
- |
- |
|
LT Debt due within 2 Yr. |
- |
- |
4,371.9 |
3,577.8 |
3,409.1 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
4,239.3 |
5,125.6 |
- |
- |
- |
|
LT Debt due within 3 Yr. |
- |
- |
4,498.5 |
3,604.5 |
3,138.3 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
3,957.0 |
4,066.5 |
- |
- |
- |
|
LT Debt due within 4 Yr. |
- |
- |
5,061.8 |
3,873.0 |
3,154.7 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
4,117.0 |
5,107.5 |
- |
- |
- |
|
LT Debt due within 5 Yr. |
- |
- |
3,898.0 |
4,321.0 |
3,827.9 |
|
Adj. because Interest Exchange rate |
300.7 |
352.9 |
- |
- |
- |
|
Loans Payable Remaining |
16,229.2 |
15,173.3 |
- |
- |
- |
|
Thereafter |
- |
- |
15,823.5 |
15,389.3 |
14,967.4 |
|
Total Long Term Debt, Supplemental |
38,327.4 |
39,702.1 |
37,335.0 |
34,207.8 |
32,256.4 |
|
Capital Lease Maturing within a Year |
57.4 |
101.3 |
- |
- |
- |
|
CP Lease due within 1 Yr. |
- |
- |
56.3 |
55.2 |
81.9 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
57.1 |
136.8 |
- |
- |
- |
|
CP Lease due within 2 Yr. |
- |
- |
87.0 |
56.9 |
58.8 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
49.8 |
47.2 |
- |
- |
- |
|
CP Lease due within 3 Yr. |
- |
- |
118.8 |
28.6 |
61.4 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
42.1 |
40.0 |
- |
- |
- |
|
CP Lease due within 4 Yr. |
- |
- |
26.5 |
23.4 |
27.0 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
32.2 |
32.5 |
- |
- |
- |
|
CP Lease due within 5 Yr. |
- |
- |
21.4 |
14.6 |
21.9 |
|
Capital Lease Remaining |
215.1 |
154.1 |
- |
- |
- |
|
Thereafter |
- |
- |
140.0 |
68.3 |
57.1 |
|
Interest Costs |
-85.8 |
-77.3 |
- |
- |
- |
|
Interest Cost |
- |
- |
-82.4 |
-42.8 |
-36.4 |
|
Total Capital Leases, Supplemental |
367.9 |
434.5 |
367.5 |
204.2 |
271.6 |
|
Operating Lease Maturing within a Year |
245.7 |
255.3 |
- |
- |
- |
|
OP Lease due within 1 Yr. |
- |
- |
236.1 |
319.9 |
362.9 |
|
Operating Lease Maturing over a Year wit |
176.9 |
247.3 |
- |
- |
- |
|
OP Lease due within 2 Yr. |
- |
- |
170.8 |
237.0 |
254.8 |
|
Operating Lease Maturing over 2 Year wit |
131.3 |
151.7 |
- |
- |
- |
|
OP Lease due within 3 Yr. |
- |
- |
124.1 |
170.6 |
198.6 |
|
Operating Lease Maturing over 3 Year wit |
111.6 |
94.6 |
- |
- |
- |
|
OP Lease due within 4 Yr. |
- |
- |
95.5 |
166.8 |
142.7 |
|
Operating Lease Maturing over 4 Year wit |
80.0 |
65.4 |
- |
- |
- |
|
OP Lease due within 5 Yr. |
- |
- |
83.2 |
87.9 |
150.3 |
|
Operating Lease Remaining |
151.2 |
284.6 |
- |
- |
- |
|
Thereafter |
- |
- |
174.1 |
306.9 |
332.8 |
|
Total Operating Leases, Supplemental |
896.7 |
1,098.8 |
883.7 |
1,289.1 |
1,442.2 |
|
Pension obligation |
3,488.3 |
3,526.1 |
3,337.3 |
3,006.1 |
2,784.0 |
|
Plan Assets at Fair Value |
2,757.3 |
2,844.5 |
- |
- |
- |
|
Fair value of plan asset |
- |
- |
2,892.2 |
2,849.7 |
2,453.8 |
|
Unfunded Retirement Benefit Obligation |
-731.0 |
-681.6 |
- |
- |
- |
|
Funded status |
- |
- |
-445.1 |
-156.4 |
-330.2 |
|
Total Funded Status |
-731.0 |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
|
Discount rate |
1.30% |
2.10% |
2.50% |
2.50% |
2.50% |
|
Compensation rate |
1.00% |
0.90% |
0.90% |
0.90% |
0.80% |
|
Prepaid pension |
2.5 |
4.1 |
8.7 |
230.7 |
20.0 |
|
Accrued Expenses |
-7.4 |
-8.5 |
-6.7 |
-24.0 |
-7.9 |
|
Pension obligation |
-726.0 |
-677.3 |
-447.1 |
-363.1 |
-342.4 |
|
Net Assets Recognized on Balance Sheet |
-731.0 |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
Annual Cash Flows
Financials in: USD (mil)
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income |
4,001.1 |
5,986.2 |
3,628.6 |
1,802.2 |
2,116.7 |
|
Depreciation |
2,396.7 |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
|
Disc. Operations |
- |
- |
0.0 |
8.5 |
-40.1 |
|
Accrued Retirement Benefits & Pension |
112.9 |
117.4 |
121.1 |
168.3 |
28.0 |
|
Doubtful Accounts |
177.9 |
191.2 |
107.7 |
120.8 |
179.3 |
|
Gain/Loss Sale Mark. Secs. |
-541.2 |
-277.8 |
-461.2 |
-225.4 |
-330.7 |
|
Loss Val, Mark.Secs. |
328.8 |
424.0 |
227.1 |
521.7 |
1,167.0 |
|
Gain/Loss Disposal of Fixed Assets |
-74.8 |
-72.1 |
-2.7 |
-0.1 |
-35.7 |
|
Loss Val Fixed Assets |
148.8 |
177.9 |
213.5 |
93.8 |
375.1 |
|
Impairment Losses |
0.0 |
53.3 |
7.0 |
106.6 |
184.8 |
|
Settlement charges |
0.0 |
-1,090.5 |
1,033.4 |
0.0 |
- |
|
Deferred Income Tax. |
-289.0 |
-179.7 |
548.5 |
-175.9 |
188.5 |
|
Equity Gain/Loss |
-729.1 |
-922.0 |
-1,078.3 |
-214.5 |
-239.5 |
|
Account Receivables |
753.1 |
-1,700.6 |
-1,219.2 |
937.8 |
8,345.8 |
|
Inventories |
1,281.6 |
-418.5 |
-572.1 |
850.4 |
630.0 |
|
Account Payables |
136.6 |
498.9 |
864.5 |
-275.6 |
-5,671.1 |
|
Accrued Expenses |
-426.9 |
250.0 |
372.6 |
-264.0 |
-624.2 |
|
Inc in advance payments |
399.5 |
-3.8 |
-66.8 |
279.9 |
-202.8 |
|
Decr in Current Liab from finacial trade |
-1,464.9 |
- |
- |
- |
- |
|
Advance Received |
-193.8 |
-560.1 |
208.1 |
-506.3 |
203.2 |
|
Inc./Dec. in derivatives debt |
- |
- |
125.2 |
2,008.2 |
-602.8 |
|
Incr /Decr in Other Assets-Cash Flow |
-347.1 |
22.5 |
- |
- |
- |
|
Inc. derivative assets |
- |
- |
226.5 |
-664.1 |
-645.2 |
|
Income tax receivable |
- |
- |
-128.3 |
505.3 |
-660.2 |
|
Settlement payment |
- |
- |
0.0 |
- |
- |
|
Other, net |
-108.7 |
385.3 |
11.7 |
202.6 |
-103.2 |
|
Rounding adjustment Cash flow |
- |
-0.4 |
- |
- |
- |
|
Discountinued Op. |
- |
- |
0.0 |
50.1 |
146.7 |
|
Cash from Operating Activities |
5,561.4 |
4,825.0 |
5,887.1 |
6,803.9 |
5,798.6 |
|
|
|
|
|
|
|
|
Payments for Transfer of Business |
-256.6 |
- |
- |
- |
- |
|
Time Deposits, Net |
-4.6 |
3.2 |
128.2 |
-138.7 |
33.3 |
|
Investment in Affiliate Company |
-3,524.0 |
-2,294.3 |
-1,296.3 |
-974.6 |
-1,919.6 |
|
Sale of Investment-Affiliate Company |
- |
1,041.9 |
464.0 |
492.0 |
609.5 |
|
Incr /Decr in Long-term General Loans |
-2,970.7 |
- |
- |
- |
- |
|
Purch of Marketable Secs. |
-133.1 |
-34.0 |
-285.0 |
-210.4 |
-60.1 |
|
Sales of Other Invt Instrument Inflow |
744.8 |
- |
- |
- |
- |
|
927.5 |
- |
- |
- |
- |
|
|
Sale of Marketable Secs. |
377.5 |
324.3 |
245.9 |
188.9 |
160.3 |
|
Redemption of Marketable Secs. |
18.5 |
54.2 |
49.6 |
173.5 |
58.8 |
|
Purch of Liability Certificate |
-10.4 |
-3.0 |
-18.4 |
0.0 |
- |
|
Redemption of Liability Certificate |
0.1 |
0.0 |
0.1 |
20.4 |
0.7 |
|
Purch of Other Investment |
-813.1 |
-632.4 |
-955.3 |
-314.5 |
-698.5 |
|
Sale of Other Investment |
- |
856.5 |
1,006.3 |
833.7 |
974.0 |
|
LT Loan Receivables |
- |
-1,396.3 |
-1,488.3 |
-894.3 |
-760.6 |
|
LT Loan Collection |
1,373.0 |
1,378.5 |
1,132.6 |
913.0 |
852.8 |
|
Capital Expenditures |
-5,047.8 |
-4,614.1 |
-3,859.0 |
-2,497.7 |
-2,524.2 |
|
Asset Sale Proceeds |
239.8 |
297.3 |
200.5 |
471.1 |
344.0 |
|
Acq. Subsidiaries |
- |
-614.0 |
-1,246.3 |
0.0 |
-12.0 |
|
Sale of Subsidiary Company |
0.0 |
82.8 |
273.0 |
0.0 |
46.7 |
|
Cash from Investing Activities |
-9,079.1 |
-5,549.4 |
-5,648.4 |
-1,937.7 |
-2,894.9 |
|
|
|
|
|
|
|
|
ST Debt, Net |
1,946.2 |
524.6 |
585.8 |
-2,285.5 |
408.2 |
|
Long Term Debt |
9,130.0 |
6,164.0 |
4,405.6 |
5,307.9 |
3,639.8 |
|
LT Debt Reduction |
-7,315.9 |
-4,657.7 |
-4,034.4 |
-4,682.7 |
-3,125.8 |
|
Proceed from Minority Interest |
11.1 |
-57.4 |
98.3 |
-509.2 |
-143.3 |
|
Purchase and Sale of Treasury Stock |
-0.2 |
1.7 |
-0.4 |
-0.3 |
-7.2 |
|
Dividends Paid |
-1,100.0 |
-1,248.3 |
-660.4 |
-137.5 |
-869.0 |
|
Cash from Financing Activities |
2,671.3 |
726.9 |
394.7 |
-2,307.3 |
-97.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
774.9 |
-128.3 |
-170.5 |
169.7 |
-332.9 |
|
Net Change in Cash |
-71.6 |
-126.0 |
462.8 |
2,728.5 |
2,473.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
17,248.4 |
18,250.2 |
16,354.0 |
12,349.9 |
8,949.3 |
|
Net Cash - Ending Balance |
17,176.9 |
18,124.2 |
16,816.8 |
15,078.4 |
11,422.8 |
|
Cash Interest Paid |
650.0 |
672.4 |
590.9 |
635.9 |
835.6 |
|
Cash Taxes Paid |
1,904.6 |
1,974.8 |
1,249.6 |
1,143.3 |
2,537.2 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
Key Indicators USD (mil) |
||||||
|
|
Quarter |
Quarter |
Annual |
1 Year |
3 Year |
5 Year |
|
14,720.8 |
22.81% |
59,197.1 |
-6.47% |
6.24% |
-3.07% |
|
|
787.4 |
41.57% |
2,591.1 |
-27.53% |
40.57% |
-7.16% |
|
|
721.5 |
11.75% |
3,711.3 |
-29.13% |
26.95% |
-1.91% |
|
|
0.40 |
11.74% |
2.03 |
-29.14% |
26.91% |
-2.13% |
|
|
2,104.9 |
-0.47% |
5,047.8 |
14.95% |
21.74% |
8.23% |
|
|
2,800.8 |
21.81% |
5,561.4 |
21.12% |
-9.97% |
2.10% |
|
|
699.7 |
277.11% |
452.9 |
155.97% |
-52.60% |
-20.45% |
|
|
106,300.8 |
17.07% |
109,732.6 |
14.57% |
7.25% |
1.60% |
|
|
72,186.0 |
12.27% |
75,915.3 |
12.12% |
5.18% |
-0.58% |
|
|
32,584.8 |
14.71% |
33,850.6 |
9.89% |
3.06% |
1.58% |
|
|
- |
- |
45148 |
0.77% |
2.89% |
2.89% |
|
|
1,825.2 |
0.01% |
1,825.1 |
0.01% |
0.01% |
0.09% |
|
|
1-ExchangeRate: JPY to USD Average for Period |
98.955314 |
|
82.970472 |
|
|
|
|
2-ExchangeRate: JPY to USD Average for Period |
98.762624 |
|
82.970472 |
|
|
|
|
3-ExchangeRate: JPY to USD Period End Date |
98.230000 |
|
94.088557 |
|
|
|
|
Key Ratios |
|||||
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Profitability |
|||||
|
16.09% |
16.72% |
18.36% |
17.14% |
18.15% |
|
|
4.38% |
5.65% |
4.06% |
1.89% |
3.80% |
|
|
6.40% |
7.87% |
5.83% |
3.08% |
4.40% |
|
|
6.27% |
8.27% |
6.55% |
3.67% |
3.15% |
|
|
Financial Strength |
|||||
|
1.52 |
1.69 |
1.70 |
1.79 |
1.58 |
|
|
1.00 |
1.10 |
1.19 |
1.30 |
1.51 |
|
|
1.36 |
1.37 |
1.44 |
1.57 |
1.98 |
|
|
Management Effectiveness |
|||||
|
1.61% |
2.73% |
0.81% |
0.44% |
0.98% |
|
|
10.58% |
17.35% |
13.34% |
7.32% |
8.54% |
|
|
Efficiency |
|||||
|
2.58 |
2.87 |
2.75 |
2.45 |
2.61 |
|
|
6.53 |
8.90 |
7.86 |
6.19 |
6.76 |
|
|
0.51 |
0.60 |
0.55 |
0.49 |
0.62 |
|
|
Market Valuation USD (mil) |
||||
|
7.64 |
. |
59,880.1 |
||
|
0.48 |
. |
1.09 |
||
|
0.77 |
. |
12.19 |
||
|
25,550.6 |
. |
|||
|
1-ExchangeRate: JPY to USD on 22-Nov-2013 |
100.941322 |
|||
|
2-ExchangeRate: JPY to USD on 30-Sep-2013 |
98.230000 |
|||
Ratio
Comparisons
|
Traded: Over The
Counter: MITSY |
Financials in:
USD (actual units) |
|
Industry: Business
Services |
As of
22-Nov-2013 |
|
Sector: Services |
|
|
|
Company |
Industry |
Sector |
S&P 500 |
||||
|
Valuation Ratios |
||||||||
|
7.68 |
30.36 |
26.53 |
19.68 |
|||||
|
19.01 |
43.13 |
28.03 |
32.79 |
|||||
|
5.75 |
10.02 |
11.18 |
10.71 |
|||||
|
0.93 |
0.11 |
0.91 |
1.00 |
|||||
|
0.48 |
3.31 |
2.87 |
2.57 |
|||||
|
0.77 |
7.72 |
4.17 |
3.67 |
|||||
|
0.80 |
9.81 |
6.61 |
5.21 |
|||||
|
6.42 |
23.50 |
14.95 |
14.22 |
|||||
|
354.50 |
24.14 |
25.61 |
26.26 |
|||||
|
|
|
|
|
|
||||
|
Dividends |
||||||||
|
3.43% |
2.18% |
2.91% |
2.26% |
|||||
|
7.25 |
0.31 |
1.96 |
1.99 |
|||||
|
-3.41% |
12.38% |
-1.39% |
0.08% |
|||||
|
24.93% |
2.98% |
11.60% |
25.98% |
|||||
|
|
|
|
|
|
||||
|
Growth Rates (%) |
||||||||
|
22.81% |
-43.57% |
-0.77% |
15.58% |
|||||
|
8.61% |
-40.70% |
-4.27% |
17.69% |
|||||
|
-3.07% |
91.29% |
23.25% |
8.97% |
|||||
|
11.74% |
2.03% |
12.66% |
19.49% |
|||||
|
-10.33% |
12.83% |
17.36% |
32.55% |
|||||
|
-1.92% |
15.85% |
8.65% |
9.86% |
|||||
|
8.23% |
-13.28% |
-14.30% |
-2.04% |
|||||
|
|
|
|
|
|
||||
|
Financial Strength |
||||||||
|
1.21 |
0.45 |
0.63 |
1.24 |
|||||
|
1.46 |
0.56 |
0.97 |
1.79 |
|||||
|
0.96 |
0.93 |
1.48 |
0.64 |
|||||
|
1.31 |
1.01 |
1.73 |
0.73 |
|||||
|
- |
-8.37 |
4.20 |
13.80 |
|||||
|
|
|
|
|
|
||||
|
Profitability Ratios (%) |
||||||||
|
15.27% |
45.85% |
37.46% |
45.21% |
|||||
|
17.30% |
13.66% |
39.96% |
44.91% |
|||||
|
8.90% |
-66.61% |
8.34% |
24.43% |
|||||
|
9.10% |
-22.23% |
13.48% |
22.84% |
|||||
|
4.68% |
16.66% |
10.36% |
20.63% |
|||||
|
4.29% |
-36.04% |
2.67% |
18.28% |
|||||
|
6.57% |
12.37% |
6.99% |
17.95% |
|||||
|
5.60% |
-10.37% |
5.24% |
17.10% |
|||||
|
3.44% |
10.30% |
4.44% |
13.65% |
|||||
|
2.41% |
-12.26% |
2.82% |
12.10% |
|||||
|
47.73% |
34.52% |
29.02% |
28.45% |
|||||
|
56.88% |
20.32% |
28.67% |
29.92% |
|||||
|
|
|
|
|
|
||||
|
Management Effectiveness (%) |
||||||||
|
1.92% |
-18.68% |
0.41% |
8.54% |
|||||
|
1.33% |
-9.25% |
3.69% |
8.40% |
|||||
|
2.83% |
9.77% |
3.14% |
7.90% |
|||||
|
1.99% |
-17.63% |
4.63% |
8.27% |
|||||
|
11.31% |
14.57% |
-2.30% |
19.72% |
|||||
|
11.64% |
21.32% |
14.07% |
20.06% |
|||||
|
|
|
|
|
|
||||
|
Efficiency |
||||||||
|
1,185,007.00 |
198,000.93 |
764,536.05 |
927,613.77 |
|||||
|
40,723.18 |
58,192.89 |
144,529.55 |
116,121.92 |
|||||
|
3.66 |
4.52 |
16.95 |
13.25 |
|||||
|
7.13 |
0.92 |
17.44 |
14.53 |
|||||
|
0.56 |
1.26 |
1.00 |
0.93 |
|||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Financial Strength |
|||||
|
1.52 |
1.69 |
1.70 |
1.79 |
1.58 |
|
|
1.09 |
1.28 |
1.26 |
1.29 |
1.03 |
|
|
16,858.6 |
21,876.4 |
21,412.8 |
20,123.3 |
16,469.0 |
|
|
1.00 |
1.10 |
1.19 |
1.30 |
1.51 |
|
|
1.36 |
1.37 |
1.44 |
1.57 |
1.98 |
|
|
0.42 |
0.46 |
0.49 |
0.51 |
0.51 |
|
|
0.58 |
0.58 |
0.59 |
0.61 |
0.66 |
|
|
25.49% |
23.10% |
27.97% |
21.80% |
26.21% |
|
|
50.41% |
41.78% |
74.77% |
70.78% |
63.66% |
|
|
79,682.1 |
76,137.7 |
69,796.3 |
61,415.0 |
56,710.2 |
|
|
|
|
|
|
|
|
|
Efficiency |
|||||
|
0.51 |
0.60 |
0.55 |
0.49 |
0.62 |
|
|
6.53 |
8.90 |
7.86 |
6.19 |
6.76 |
|
|
55.90 |
41.03 |
46.44 |
59.00 |
53.96 |
|
|
2.58 |
2.87 |
2.75 |
2.45 |
2.61 |
|
|
141.36 |
127.39 |
132.67 |
149.22 |
139.88 |
|
|
1,156,241 |
1,422,706 |
1,410,595 |
1,057,567 |
1,398,089 |
|
|
50,609 |
80,364 |
57,302 |
19,983 |
53,072 |
|
|
97,421 |
121,942 |
101,731 |
55,339 |
88,518 |
|
|
|
|
|
|
|
|
|
Profitability |
|||||
|
16.09% |
16.72% |
18.36% |
17.14% |
18.15% |
|
|
4.38% |
5.65% |
4.06% |
1.89% |
3.80% |
|
|
8.43% |
8.57% |
7.21% |
5.23% |
6.33% |
|
|
4.38% |
5.65% |
4.06% |
1.89% |
3.80% |
|
|
6.40% |
7.87% |
5.83% |
3.08% |
4.40% |
|
|
6.27% |
8.27% |
6.55% |
3.67% |
3.15% |
|
|
83.91% |
83.28% |
81.64% |
82.86% |
81.85% |
|
|
10.91% |
10.09% |
11.39% |
13.33% |
10.88% |
|
|
|
|
|
|
|
|
|
Management Effectiveness |
|||||
|
1.61% |
2.73% |
0.81% |
0.44% |
0.98% |
|
|
10.58% |
17.35% |
13.34% |
7.32% |
8.54% |
|
|
|
|
|
|
|
|
|
Valuation |
|||||
|
0.25 |
0.11 |
1.15 |
2.35 |
1.83 |
|
|
2.69 |
2.53 |
3.34 |
3.71 |
3.24 |
|
|
1-ExchangeRate: JPY to USD Period End Date |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
2-ExchangeRate: JPY to USD Average for Period |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
||||||||||||||||||||||
Stock Report
Stock Snapshot
|
Traded: Over The
Counter: MITSY |
||||||||||||||||||||||||||||||
|
As of 22-Nov-2013 US Dollars |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
Stock History
|
Market Cap History |
||||||||||
|
|
30-Sep-13 |
% Chg |
30-Jun-13 |
% Chg |
31-Mar-13 |
% Chg |
31-Dec-12 |
% Chg |
30-Sep-12 |
% Chg |
|
Total Common Shares Outstanding |
1,825 |
0.0 |
1,825 |
0.0 |
1,825 |
0.0 |
1,825 |
0.0 |
1,825 |
0.0 |
|
Market Cap |
26,601.7 |
15.5 |
23,035.8 |
-9.5 |
25,460.5 |
-7.1 |
27,419.8 |
7.5 |
25,500.9 |
-6.7 |
|
Yearly Price History |
||||||||||
|
|
2013 |
% Chg |
2012 |
% Chg |
2011 |
% Chg |
2010 |
% Chg |
2009 |
% Chg |
|
High Price |
313.90 |
-10.8 |
352.00 |
-7.1 |
379.00 |
6.3 |
356.54 |
21.1 |
294.39 |
-44.8 |
|
Low Price |
243.11 |
-6.7 |
260.50 |
-1.1 |
263.50 |
12.8 |
233.62 |
43.3 |
163.05 |
17.1 |
|
Year End Price |
279.93 |
-6.8 |
300.50 |
-2.9 |
309.50 |
-5.5 |
327.39 |
14.6 |
285.66 |
39.3 |
|
Monthly Price History |
||||||
|
Price Ending Date |
Open |
High |
Low |
Close |
Volume |
|
|
22-Nov-13 |
282.25 |
285.00 |
273.66 |
279.93 |
46,009 |
|
|
31-Oct-13 |
287.75 |
293.88 |
280.54 |
286.00 |
45,140 |
|
|
30-Sep-13 |
279.52 |
306.18 |
277.50 |
291.50 |
36,462 |
|
|
30-Aug-13 |
273.25 |
289.45 |
272.40 |
276.93 |
32,400 |
|
|
31-Jul-13 |
253.25 |
274.84 |
252.25 |
268.20 |
46,172 |
|
|
28-Jun-13 |
254.50 |
264.10 |
243.11 |
252.43 |
61,871 |
|
|
31-May-13 |
271.25 |
304.58 |
253.83 |
255.51 |
51,479 |
|
|
30-Apr-13 |
274.75 |
284.65 |
253.76 |
273.52 |
230,879 |
|
|
28-Mar-13 |
295.25 |
298.62 |
278.75 |
279.00 |
105,632 |
|
|
28-Feb-13 |
297.50 |
305.00 |
293.81 |
300.24 |
39,925 |
|
|
31-Jan-13 |
300.39 |
313.90 |
291.22 |
302.05 |
46,244 |
|
|
31-Dec-12 |
278.73 |
302.00 |
276.75 |
300.50 |
49,848 |
|
|
30-Nov-12 |
281.38 |
285.50 |
260.50 |
277.99 |
54,817 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.57 |
|
UK Pound |
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial condition
(40%) Ownership background
(20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.