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IR Glossary

Please use the glossary below, which we have created to give you a deeper understanding of Mitsui & Co.


Asset recycling

Divestiture of company-owned equity or assets aimed at more strategically utilizing investment funds, after scrutinizing growth potential of business, as well as the room for value creation by exercising Mitsui & Co.'s functions. One of Mitsui & Co.'s existing business models.


Base profit

One indicator of our basic earnings power that excludes temporary gains and losses, asset recycling, and changes in commodity prices and forex.

Business plan

Formulated as a plan to be achieved each fiscal year, toward realization of the vision presented in the Medium-term Management Plan.


Consolidated oil price

The weighted average of actual sales price for our upstream oil and gas businesses. This takes into account the fact that there are several reference prices including JCC that influence our financial performance, and also that there is a time lag for the fluctuation of the oil price to be reflected in our financial results.

Core Operating Cash Flow

Cash flows from operating activities without net cash outflow from an increase in working capital and deducted payment of lease obligations. This is one indicator in our quantitative targets.


DX Stocks

Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange selected the companies, that have established internal systems for promoting DX that contribute to improving corporate value and have achieved outstanding digital utilization. Mitsui has been selected as "Noteworthy DX Companies 2021" in the "DX Stocks".


Disclosing details of business activities to investors. We have been selected by The Securities Analysts Association of Japan for the top award in the commerce industry category at the 2021 Awards for Excellence in Corporate Disclosure. This is the sixth time in total and the fifth year running that Mitsui has received this award.


In-house Entrepreneurship Program

A program under which employees propose new business to the company, and if a proposal is approved, the company provides a certain level of support, including financial support (employees also need to invest personally in the business).

Integrated Report

A report explaining the management strategy, business summary, and initiatives related to sustainable value creation, prepared for all stakeholders.


At Mitsui & Co., integrity means more than compliance with laws, regulations and rules. It refers to an employee’s ability to act honestly and ethically with a high degree of dignity and respectability, to use good judgment in connection with his/her business activities, and to behave with common courtesy and in accordance with business ethics and social norms.

Investor Day

An explanatory meeting held annually for primarily institutional investors, analysts, financial institutions, and the media.



Stands for Japan Crude Cocktail, which is the monthly weighted average of crude oil import price (in CIF) into Japan. This is a different index from WTI which is often referred to in the news.


Medium-term Management Plan 2023 Transform and Grow

The three-year plan beginning from the fiscal year ended in March 2021.

Minimum dividend

The minimum annual dividend per share that is applied to each year during the Medium-term Management Plan (FY March 2021 to FY March 2023).

Mitsui's Forests

We own forests in 75 locations that cover a total of 450 km2 (around 45,000 hectares), which is roughly 0.1% of Japanʼs total land area. Taking into account the public value offered by forests, we have maintained and managed our forests over many years. In addition, all of our forests have obtained the FSC® certification (license number: FSC®C057355) and SGEC certification, which are both international standards. It is also estimated that Mitsuiʼs forests accumulate and absorb roughly 160,000 tons of CO2 per year.* These factors demonstrate how we contribute to the mitigation of climate change-related risks through responsible forest management.

* Based on in-house calculations that referenced “IPCC Guide lines for National Greenhouse Gas Inventories” Tier 2



The Japanese Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) have selected companies for its proactive efforts to support women to play more active roles in the workplace since the fiscal year ended March 2013. This is the seventh year running that Mitsui & Co. has been recognized as 'NADESHIKO Brand' and 'Semi-NADESHIKO Brand' since the fiscal year ended March 2015.


Resource area

Refers to the mineral & metal resources segment and the energy segment.



Seven product-specific business areas that are classified based on the type of products handled. Specifically, these refer to the areas of Mineral & Metal Resources, Energy, Machinery & Infrastructure, Chemicals, Iron and Steel Products, Lifestyle, and Innovation & Corporate Development.


The monetary effect of fluctuations in market products and forex on income for the corresponding period.

Strategic Focus

We aim the company as whole to create multifaceted value in the areas (Energy Solutions, Healthcare & Nutrition and Market Asia) in which its comprehensive strengths can be leveraged.

Sustainable Development Goals (SDGs)

A set of international development goals written in the 2030 Agenda for Sustainable Development (the 2030 Agenda) adopted by the UN Sustainable Development Summit held in September 2015. It consists of 17 goals and 169 targets.


Total shareholder returns as a percentage of core operating cash flow

Mitsui & Co. sets policy for the amount of total shareholder returns based on the core operating cash flow, in place of a dividend payout ratio (amount of shareholder returns to profit for the period). Calculated by dividing the total of a dividend amount and corporate stock repurchase by the core operating cash flow.


360° business innovation

Our corporate slogan—360° business innovation—encapsulates our determination to foster sustainable value creation in every regions and business areas. Our diverse professionals keep on creating new businesses, making full use of our comprehensive strength and global network.

  • Best IR Grand Prix
  • Award for Excellence in Corporate Disclosure
  • FTSE4Good
  • FTSE Blossom Japan Index
  • Member of Dow Jones Sustainability Indices
  • Internet IR/Sustainability Excellence Award
  • Nadeshiko Brand

This website contains statements (including figures) regarding Mitsui & Co., Ltd. (“Mitsui”)'s corporate strategies, objectives, and views of future developments that are forward-looking in nature and are not simply reiterations of historical facts. These statements are presented to inform stakeholders of the views of Mitsui's management but should not be relied on solely in making investment and other decisions. You should be aware that a number of important risk factors could lead to outcomes that differ materially from those presented in such forward-looking statements. These include, but are not limited to, (i) change in economic conditions that may lead to unforeseen developments in markets for products handled by Mitsui, (ii) fluctuations in currency exchange rates that may cause unexpected deterioration in the value of transactions, (iii) adverse political developments that may create unavoidable delays or postponement of transactions and projects, (iv) changes in laws, regulations, or policies in any of the countries where Mitsui conducts its operations that may affect Mitsui's ability to fulfill its commitments, and (v) significant changes in the competitive environment. In the course of its operations, Mitsui adopts measures to control these and other types of risks, but this does not constitute a guarantee that such measures will be effective.