Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) will change its business unit organization with the creation of new business units on April 1, 2017. The purpose of this organizational change and outline of the new structure are described below.
1. Purpose of the Change
Mobility is one of Mitsui’s priority business domains. We anticipate continuing and accelerating change in the mobility business environment, and we have decided to create two new business units for this area as a framework for timely and fine-tuned adaptation to this evolving environment. The new business unit will work to expand our earnings base and presence in each area by implementing our growth strategies, while building closer collaboration with other Headquarters and regional business units.
2. Changes to the Business Unit Organization
The existing Integrated Transportation Systems Business Unit will be reorganized and split into two new business units, as detailed below.
(1) Integrated Transportation Systems Business Unit I
Wide-ranging and accelerating changes are transforming the automobile industry and the construction and industrial machinery industry, while in the passenger and freight rail sector we are seeing a global trend toward infrastructure development and operation based on public-private partnership. The aim of this new business unit will be to strengthen our business models, including the development of new models, and to increase added value, by anticipating and responding to changing trends in the area of mobility services, including digital transformation, automation technology, robotics, the sharing economy, and the growth of off-rail business (*1).
(2) Integrated Transportation Systems Business Unit II
This business unit will work to achieve further growth by intensifying our search for opportunities in the shipping and aviation sectors, by developing peripheral demand, by driving the evolution of our business models, and by seeking out and maximizing functional synergies in the field of transportation equipment leasing, including ships, aircraft, and freight cars.
(*1) E.g., in-station business