Mitsui & Co Ltd. NASDAQ:MITSY TYO:8031 is a Tokyo based multinational conglomerate (3 regional corporate locations) operating within four core business areas; they focus on the procurement of mineral resources and oil/gas, the development of commercial and private infrastructure, expansion of logistics networks for industrial uses worldwide and healthcare, housing and other services to corporate clients. Other important services involve providing customers with marketing services (oversees a global network, that gives it an advantage over institutions with less international exposure), credit and other financing products, assessing the risk of doing business in specific countries/sectors of that economy and cost management.
Advantages the company has over some others include the numerous strategic partnerships it has with other large companies like private company Baosteel of China (helps give it access to the Chinese market), Vale (makes the Brazilian market more accessible, China and Brazil represent half of the BRIC, leading emerging economies), and Russian Railways (a working group was created in 2007 in which Mitsui acts as a sales agent for logistics customers wanting to transport cargo by rail from Japan to Russia) and environmental solutions projects among them metal recycling, its involvement in new alternative energy related vehicle technology . It also owns 25% of Erdos one of China's biggest companies. Erdos engages in coal mining as well as the production of energy and metal alloys. In addition to China and Brazil Mitsui also plays an important role in Russia through its logistics business which is a key provider of Japanese cargo to the country (including Moscow) by rail (trains). It is also an important supplier of ammonia to Asia.
As with all conglomerates products (and services) are varied. Altogether operations are divided into 14 main business segments, 6 of them related to raw materials and energy, 2 logistics with 2 others supplying aerospace and motor vehicles through leasing and sales, 1 infrastructure, 1 plant growing/food processing and storage unit, 1 provider of financial advice and 1 other providing a wide range of services ranging from healthcare/pharmaceutical support to real estate and catering services. Having such an expansive business bodes well for customers and investors seeking a highly diversified business with experience in many key economic sectors that has had success multitasking. Having limited exposure to each industry can make it less risky than some of its competitors. In 2010 Mitsui created a renewable energy division called Mitsui & Co. Ltd. Infrastructures provides purification, storage and transport of different types of raw materials including water, LNG (natural gas), oil and others. Mitsui Chemicals is a specialty chemical producer in the business of phenol, textile materials (synthetic), polyethylene terephthalate resins, polyurethane, polyethylene and polypropylen.
Marketing advice targets corporate customers and involves business trend analysis and the gathering and interpreting of vital information about each market including government legislation (what's allowed, what are the tax implications).
|3 of the 11 segments|
yr end Mar'10
| Financial Statement key data avg fx to USD during period|
yearly:March previous year to March current year, half:March '10 to September '10
|2010 financials by industry|
|net income||total assets|
|basic per share||174.26||227.20||97.59||82.12||100.42||mineral resources||15.4||56.81||62.9||912.777|
|operating cash flow||0.239275||0.415791||0.5826||0.63236||0.2708||logistics|