Mitsui Bussan

Summary

One of the largest sogo shosha (general trading companies) in Japan; it is part of the Mitsui Group and utilizes global operating locations, network and information resources, multilaterally pursuing business.

Mitsui Bussan Electronics provide services in the electronics field, supporting advanced technologies such as digital transformation, IoT, AI, 5G, virtual currency, and more. The company also provides IoT and M2M solutions, group-inclusive PC solutions, industrial installation innovation, and Wi-Fi solutions.

History

1948: Mitsui Bank, formed by a merger with another bank during World War II, was reestablished as a separate bank.

1950: After the Korean War (1950--53) the laws were further relaxed and many of the zaibatsu, including Mitsui, began to reform under the direction of their former subsidiary banks.

1959: Daiichi Bussan Kaisha, Ltd. integrated with other trading companies (Mitsui & Co.'s great amalgamation) and changed its name to Mitsui & Co., Ltd.

1960: Mitsui completed its reassembly and transition into a sogo shosha. A second meeting group called the Nimoku-kai was established.

1965: In order to expand its heavy industry sector Mitsui purchased the Kinoshita Sansho steel company.

1973: Taiyo Kobe was formed by the merger this year.

1976: Ohtemachi Head Office building completed.

1979: By the time of the 1979 Iranian Revolution, the complex was 85 percent complete, but construction cost overruns of US$1 billion and the revolution brought construction to a halt.

1984: The company entered the personal computer field for the first time, through a joint venture with Solana Beach, California-based Kaypro Corporation.

1988: As a byproduct of the stagnation of their core trading activities, nearly all of the sogo shosha had diversified aggressively into financial investments during the speculative bubble, which reached its peak in 1988--89.

2011: Some analysts had thought BP would realize a larger settlement from MOEX but there was also a relief to have a first step toward resolving the multiple claims. Its subsidiary Mitsui Oil Exploration's MOEX Offshore had a 10% stake in the Deepwater Horizon well in the Gulf of Mexico through a subsidiary, and in May, MOEX agreed to pay US$1.07 billion to settle British Petroleum claims against it over the explosion and oil spill at the well.

2020: Berkshire Hathaway acquired over 5% of the stock in the company, along with four other Japanese trading houses, over the 12-month period ending in August. The New Otemachi Head Office building was completed

2022: Mitsui to acquire Additional Shares of Australian nature-based real assets and natural capital manager, New Forests A hotel to support cancer treatment. Located on the grounds of National Cancer Center Hospital East Mitsui Garden Hotel Kashiwa-no-ha Park Side (145 rooms) opened in July.

Mission

“Build brighter futures, everywhere, realize a better tomorrow for the earth and for people around the world.”

Vision

“360° business innovators: As challengers and innovators, we create and grow business while addressing material issues for sustainable development.”

References

https://en.wikipedia.org/wiki/Mitsui_%26_Co.

https://www.zippia.com/corbion-careers-20215/history/

https://www.crunchbase.com/organization/mitsui-bussan-electronics

https://www.companieshistory.com/mitsui-co/

https://sec.report/CIK/0001297996

https://companiesmarketcap.com/largest-companies-by-revenue/

https://www.linkedin.com/company/mitsui-&-co-commodity-risk-management-ltd-