Mitsubishi Corporation
Encyclopedia
is Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

's largest trading company (sogo shosha
Sogo shosha
' means general trading companies, a business entity unique to Japan trading a wide range of products and materials. In addition to trading, they have historically acted as investment banks and private equities. Sōgō shōsha may be better described as a business philosophy than with a visual model...

), a member of the Mitsubishi
Mitsubishi
The Mitsubishi Group , Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese multinational conglomerate company that consists of a range of autonomous businesses which share the Mitsubishi brand, trademark and legacy...

 keiretsu
Keiretsu
A is a set of companies with interlocking business relationships and shareholdings. It is a type of business group. The keiretsu has maintained dominance over the Japanese economy for the greater half of the twentieth century....

. Mitsubishi Corporation employs over 50,000 people and has seven business segments including finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

, banking, energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

, machinery, chemicals, food
Food
Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals...

 and more.

In 2008 Mitsubishi Corporation was crowned In-House of the Year - Trading Company In-House Team of the Year at the 2008 ALB Japan Law Awards.

Corporate affairs

The head office is in Marunouchi
Marunouchi
Marunouchi is a commercial district of Tokyo located in Chiyoda between Tokyo Station and the Imperial Palace. The name, meaning "inside the circle", derives from its location within the palace's outer moat...

, Chiyoda
Chiyoda, Tokyo
is one of the 23 special wards in central Tokyo, Japan. In English, it is called Chiyoda ward. As of October 2007, the ward has an estimated population of 45,543 and a population density of 3,912 people per km², making it by far the least populated of the special wards...

, Tokyo. The head office is located in two buildings in Marunouchi: and .

Business Sections

Mitsubishi Corporation businesses are divided into 7 business sections, which are:
  • Business Innovation Group
  • Industrial Finance, Logistics & Development Group
  • Energy Business Group
  • Metals Group
  • Machinery Group
  • Chemicals Group
  • Living Essentials Group

Environmental Record

In March 1998 the Mitsubishi Corporation received the quarterly Greenwash Award. It was awarded to them for their efforts to portray its businesses, which are some of the most destructive on earth, as environmentally friendly. Through the use of public relations the corporation tried to convince the world that their subsidiaries facility off the coast of Mexico was environmentally benign. The facility is a salt evaporation factory and is in a lagoon that also holds the last pristine Grey Whale calving ground.

http://www.mitsubishicorp.com/insymphonywith/en/

Bukit Merah Refinery Cleanup

Mitsubishi Chemical has voluntarily spent over 100 million dollars to clean up radioactive waste their former rare earth metals refinery in Malaysia, located in Bukit Merah Malaysia. The refinery was operated by the Mitsubishi subsidiary Asian Rare Earths Sdn Bhd.

According to the New York Times, "Residents blamed a rare earth refinery for birth defects and eight leukemia
Leukemia
Leukemia or leukaemia is a type of cancer of the blood or bone marrow characterized by an abnormal increase of immature white blood cells called "blasts". Leukemia is a broad term covering a spectrum of diseases...

cases within five years in a community of 11,000 — after many years with no leukemia cases." Seven of the leukemia victims died. After having accomplished the hilltop entombment of 11,000 truckloads of radioactively contaminated material, the project is expected to entail in summer, 2011, the removal of "more than 80,000 steel barrels of radioactive waste to the hilltop repository."

External links

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