Mitsui & Co Ltd - Company Profile

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Mitsui & Co Ltd: Segment Analysis

Business Description

Mitsui & Co Ltd (Mitsui) specializes in the sale, distribution, purchase, marketing and supply of iron and steel; non-ferrous metals; machinery; electronics; chemicals; energy-related commodities; foods & retail, lifestyle, and consumer service.

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Business Segments

Overview

Manufactures and markets chemical products in Japan as well as abroad. It includes three business units, namely, basic materials business unit, performance materials business unit, and nutrition & agriculture business unit. Basic Materials Business Unit: Participates in the trade, sales, distribution and production of methanol and ammonia, olefins, aromatics, coating materials, soda ash, among others. Its major projects include methanol production business at IMC in Saudi Arabia, salt business at Shark Bay and Onslow salt fields in Australia; methanol production business with Celanese in the US; and tank terminal business in the US and Belgium. Performance Materials Business Unit: Participates in the trade, sales, distribution and production of performance materials, advanced materials and specialty chemicals. It offers plastics and synthetic rubber, silicon and fluorocarbon polymers, catalysts and plastic additives and titanium oxide under performance materials. Advanced materials provide liquid crystal display materials, semiconductor materials and dental care materials. Specialty chemicals offer green/bio-based raw materials, raw materials for detergents & surfactants and raw materials for lubricant oils. The major projects include distribution of synthetic resin products at Mitsui & Co. Plastics Ltd in Japan; manufacturing and distribution of raw materials for detergents at LABIX Inc. in Thailand; afforestation & carbon credit project and Woodchip trading in Chile and Australia; development of fueling systems which includes high pressure tanks and hydrogen for commercial vehicles, among others. Nutrition & Agriculture Business Unit: Provides agriculture, animal nutrition, wellness and food science products. It manufactures and sells agrochemicals and fertilizers, global logistics services for fertilizer resources and raw materials. Targeting animal nutrition, the company manufactures essential amino acid/methionine, raw materials and products for feeds such as specialty/organic minerals, enzymes, and dyes. For food science, the company manufactures and sells food ingredients and raw materials, pharmaceutical and aromatic raw materials. Its major projects include phosphate rock and fertilizer business at Compania Minera Miski Mayo SRL in Peru; manufacture and sales of agrochemicals at Mitsui AgriScience International SA/NV in Europe; manufacture and sale of feed additive methionine, amino acid, raw material and products for feeds at Novus International; and manufacture and sales of food, pharmaceutical, and chemical product materials at B Food Science Co Ltd.

Performance

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Overview

Includes upstream development, logistics and trading of energy resources such as oil, natural gas/LNG, coal and uranium. It is comprised of three units, namely, energy business unit I, energy business unit II and Energy Solutions Business Unit. Energy Business Unit I: Includes exploration, development and production of oil and natural gas, uranium and other energy resources; and trading and marketing of oil, petroleum products, coal, uranium and other energy resources. Energy Business Unit II: Includes development of liquefied natural gas (LNG)/natural gas projects; trading and marketing of LNG/natural gas; new value-added ways of commercializing natural gas; and development of next-generation energy and environmental business. Energy Solutions Business Unit It includes next generation mobility infrastructure, storage batteries, distributed renewable energy generation, energy management services, virtual power plants, biofuels, carbon management, among others.

Performance

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Overview

Includes IT & communication business unit and corporate development business unit. IT & Communication Business Unit: It creates and promotes information and communications technology business such as IoT/AI business, system integration, cyber-security, internet services, CRM/marketing, TV shopping, broadcasting and communications business in emerging countries. Its major projects include ICT, consulting and cybersecurity, broadcasting business in Japan; TV shopping business in Japan and India; contact centre business in Japan and other Asian countries. Corporate Development Business Unit: It comprises of financial business and logistics business. Its financial business comprised of asset management, insurance, leasing, private equity, and commodity derivatives. Its logistics business includes worldwide distribution center, global transportation and heavy goods handling businesses.

Performance

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Overview

Includes procurement and supply of iron and steel products in Japan and overseas across different industries. Its product portfolio includes semi-finished steel products such as slabs, and billets; flat-rolled steel products such as hot-rolled sheets, cold-rolled sheets, coated sheets, and electrical sheets; bar, shape, tubular products; wire rods; plates; automotive steel; special steel; and stainless steel among others. It has investments in steel manufacturing operations, steel processing service centers, steel sales business, and automotive components business. Its products are used in various sectors including, automotive, energy, construction, transportation and appliances. The company's major projects include automotive components manufacturing business in Spain, North and South Americas with Gestamp Automocion SL; expansion of steel processing centers throughout North America with USA Nucor Corporation; and steel processing and logistics business with Baowu Steel Group Corporation in China among others. The company’s other key projects include steel processing and sales business with ArcelorMittal Gonvarri Brasil SA in Brazil; development, manufacturing and sales of high-efficiency motors for industry and EV powertrain with TECO Electric & Machinery Co., Ltd. in India; inspection and maintenance business for offshore wind power facilities with Horizon Ocean Management, Ltd, in Japan.

Performance

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Overview

Lifestyle Provides value-added products and services. It also develops and invests in food resources, food products, retail, healthcare, merchandising, outsourcing, fashion and textiles, life essentials, and real estate-related business. It comprises of four business units namely, food business unit, retail business unit and wellness business unit. Food Business Unit: Includes the production, accumulation, marketing, manufacturing, and processing of food resources and products. Its business fields involve protein materials, foodstuff networks, fats and staple foods, carbohydrates and value materials. Its major projects in this unit include grain accumulation and export through United Grain Corp in the US; tea ingredient manufacturing and marketing through Mitsui Norin in Japan and broiler chicken processing through Pri Foods Co Ltd in Japan among others. Retail Business Unit: It manages e-commerce business, retailing business, fashion retailing business, brand business, retail solutions business, point and digital payment business, apparel products, packaging, last-mile logistics, among others. Its major projects include food wholesaling through Mitsui Foods Co Ltd in Japan; DCM business with Seven and I Holdings Co Ltd in Japan, the US, and China; and 7-Eleven store operation in the Chinese city of Chongqing; Internet sales, infrastructure development, operations, logistics and sales in Japan; Brand business, fashion retailing business; among others. Wellness Business Unit: It includes healthcare-related ancillary service business, pharmaceutical sales, digital health business, healthcare data services, preventive care business, uniform rental, facility management, staffing, education, contract food services, among others. Its major projects include drug and healthcare information services in Japan; contract food services in Japan and China; healthcare provision business (hospitals and clinics) and healthcare-related ancillary service businesses in Malaysia, Singapore, and Turkey.

Performance

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Overview

Provides sales, financing, lease, transportation and logistics, and investment in large-scale plants, marine resource development facilities, railways, aerospace, ships, motor vehicles, and mining/construction/industrial machinery. It includes three business units, namely, infrastructure projects business unit, mobility business unit I and mobility business unit II. Infrastructure Projects Business Unit: Develops infrastructure projects globally in power, natural resources infrastructure, logistics infrastructure, and environment & new business sectors. Its major projects include gas distribution projects in Brazil and Mexico; FPSO ownership and chartering business in Brazil, Africa, Asia and Oceania; LNG terminal project in Mexico; and power generation projects in Japan, Americas, Europe, Middle East, Africa, Asia and Oceania among others. Mobility Business Unit I: Includes leasing and rental of passenger vehicles, commercial vehicles, motorcycles, and automotive components; wholesale, retail, rental and finance of construction and mining equipment; sale of agricultural and industrial machinery; passenger and freight transportation businesses; and railway infrastructure development. Its major projects include automobile value chain development with Toyota; Yamaha retail finance business in Asia; truck leasing, rental and logistics business with Penske Truck Leasing; and automotive and commercial truck dealerships with Penske Automotive Group in the US, and Europe among others. Mobility Business Unit II: Promotes aerospace, ship, and rail businesses for efficient global transportation of passengers and cargo. It trades commercial ships; intermediary services for chartering vessels (time/voyage charters), sales of secondhand ships and ship equipment; ship management and technical services. The company also trades aircraft and aero engines, freighter conversion, helicopter and business jet. It also provides leasing of railcars and locomotives.

Performance

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Overview

Handles resource development, production, processing, and trading of iron and steel raw materials; non-ferrous metals and products; secondary ferrous and non-ferrous raw materials raw materials; and metal recycling and environmental solutions. Iron and steel raw materials includes, iron ore, metal scrap, and ferro-alloys, pig iron and hot briquetted iron (HBI). Its non-ferrous metal raw materials and products include copper, alumina/aluminum, and nickel. Secondary ferrous and non-ferrous raw materials include the steel scrap, copper scrap, aluminum scrap, and secondary aluminum alloys. Some of its major projects include Dawson, German Creek, Kestrel, South Walker Creek and Poitrel coal mines in Australia; Taganito nickel projects in Philippines; Collahuasi and Anglo American Sur copper mines in Chile; and Robe River, Mt. Newman, Yandi and Goldsworthy iron ore mines in Australia among others.

Performance

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Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

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