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Recipients Selected for 2009 Mitsui-Bussan Scholarship Program for Indonesia

Jul. 10, 2009


Main Contents

Mitsui-Bussan Scholarship Program for Indonesia, a public trust foundation, established by Mitsui & Co., Ltd. (head office: Chiyoda-ku, Tokyo, President: Masami Iijima) has selected the following two grantees for 2009. This brings the total number of recipients to 26 since the establishment of the scholarship program.

Grantees
Female graduate of Labschool Kebayoran Senior High School, aged 16 (one grade skipped)
Female graduate of Labschool Kebayoran Senior High School, aged 15 (two grades skipped)

Background

Scholarships under this program are available to Indonesian high school students. It was established in 1992 to foster exchange and friendship between Indonesia and Japan and to contribute to the development of Indonesia through human resource development. The entrustor is Mitsui, and the trustee is The Chuo Mitsui Trust & Banking Co., Ltd. (head office: Minato-ku, Tokyo, President: Kazuo Tanabe).

The scholarship program suspended the recruitment of new grantees in 2004. However, recruitment was resumed in 2008 because of the growing importance of Indonesia's role among the ASEAN members and the need to strengthen relations between Japan and Indonesia, and this time is the 12th selection since the establishment of the scholarship program.

Overview of the Program

The grantees are chosen from among Indonesian senior high school graduates through a local selection process. They initially undergo preliminary training over a two-month period, during which they study basic Japanese and acquire general cultural, historical and social knowledge. They then come to Japan to study Japanese for 18 months before starting a four-year university course. They live and study in Japan for a total of five-and-a-half years. All the educational programs are covered by the scholarship, and the staffs invite them to dinner once each month to monitor their progress and provide advice about their studies and life in Japan. The value of the scholarship is approximately ¥13 million per student, and there is no repayment requirement.

The scholarship is administered with extensive support from members of the Managing Committee and the Ministry of National Education of Indonesia. The Managing Committee is chaired by Dr. Takeshi Yanagisawa, Professor Emeritus , Tokyo Institute of Technology, who in the fall of 2001 received an award from the Minister of Education, Culture, Sports, Science and Technology in recognition of his contributions to the acceptance of foreign students.

Background Information

  1. Total number of grantees (including those recruited this year): 26 (science: 24, humanities: 2, males 19: females: 7)
    Universities
    Grantees have entered the University of Tokyo (6), Tokyo Institute of Technology (5), Kyoto University (1), Tokyo University of Agriculture and Technology (1), Tohoku University (1), Shinshu University (1), Keio University (4), Waseda University (2) and Meiji University (1). As of April 2009, 21 scholarship grantees had graduated. Most of these graduates have since entered masters and doctorate programs, and six have already gained doctorate degrees.
  2. Total contributions to scholarship fund: ¥590 million to be donated up to 2017
  3. Cooperating agencies and organizations
    · Tokyo Japanese Language Education Center of Japan Student Services Organization (JASSO) (formerly the International Students Institute)
    · The Association of Indonesian Alumni from Japan (PERSADA) and Darma Persada University, which it administers
  4. Schedule for newly selected grantees
    · From late July, 2009, the grantees will study Japanese at Darma Persada University.
    · On September 30, 2009, they will arrive in Japan, and at the beginning October they will enroll at the Tokyo Japanese Language Education Center.
    · In April 2011, they will begin university courses (after taking the Examination for Japanese University Admission for International Students and the examinations for the universities which they want to enter).

Notice:
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

Information

For inquiries on this matter, please contact

Media inquiries:
Mr. Ohki,
Media Relations Dept.
Corporate Communications Division
Telephone: +81-3-3285-7562
Facsimile: +81-3-3285-9819
Inquiries from the general public:
Mitsui-Bussan Scholarship for Indonesia (Secretariat Office)
c/o Community Relations Dept.
CSR Promotion Division
Mitsui & Co., Ltd.
2-1, Ohtemachi 1-chome, Chiyoda-ku,
Tokyo 100-0004
Japan
Telephone: +81-3-3285-3268
Facsimile: +81-3-3285-9030