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Mitsui and Toshiba Group to Form Alliance For Digital Transformation

Jun. 13, 2018


Mitsui & Co., Ltd.
Toshiba Corporation
Toshiba Digital Solutions Corporation
Toshiba Digital & Consulting Corporation


Main Contents

Mitsui & Co. Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) and Toshiba Corporation ("Toshiba", Head Office: Tokyo, President and COO: Satoshi Tsunakawa), Toshiba Digital Solutions Corporation ("Toshiba Digital Solutions", Head Office: Kawasaki, President and CEO: Hironobu Nishikori), and Toshiba Digital & Consulting Corporation ("Toshiba Digital & Consulting", Head Office: Kawasaki, President and CEO: Noriyasu Okitani) have agreed that Mitsui will invest in Toshiba Digital & Consulting with the objective of accelerating digital transformation. Mitsui will acquire a 20% stake in Toshiba Digital & Consulting through a third party allocation of newly issued shares. The acquisition is scheduled to take place on October 1, following regulatory approval by relevant authorities.

The rapid development of IoT, AI, and other digital technologies is bringing about a revolutionary transformation in business areas and business models. Toshiba and Toshiba Digital Solutions established Toshiba Digital & Consulting on April 2, 2018 as a new business entity to create new economic value by accelerating digital transformation through co-creation with its customers, utilizing IoT, AI, and other advanced technologies primarily in the areas of social infrastructure, energy, and mobility.

Mitsui, with its powerful customer bases both in Japan and overseas, aims to sustainably create new value using digital technology in line with the "Driving Value Creation" theme of Mitsui's Medium-term Management Plan. Equity participation in Toshiba Digital & Consulting will enable Mitsui to create new business and realize digital transformation in business assets owned by Mitsui and its group companies across a wide range of industries.

Toshiba Group is aiming to transition to a high-profit, high-sustainability business model. Through Toshiba Digital & Consulting, Toshiba and Toshiba Digital Solutions are seeking to create digital businesses by co-creating positive outcomes with Mitsui's customers and partners, and to secure and grow new business in the digital solutions sector.

Mitsui and Toshiba Group will, through Toshiba Digital & Consulting, accelerate digital transformation in the global market by co-creation, and will develop digital business to generate new economic value.

Profile of Toshiba Digital & Consulting Corporation

Establishment April 2, 2018
Head Office Kawasaki, Japan
Capital JPY490 million
Shareholders Toshiba Digital Solutions 70%, Toshiba 30%
Representative President and CEO Noriyasu Okitani
Business activities · Provision of solutions and operational services using digital technology
· Consultancy services relating to digital business strategy
Employees Approx. 50 employees (as of April 2, 2018)

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Corporate Communications Division
Hiroyuki Sakanaka
Telephone: +81-3-3285-7618
Facsimile: +81-3-3285-9819
Toshiba Corporation
Public Relations & Investor Relations Division
Tomoyuki Numata, Ryoji Shinohara
Telephone: +81-3-3457-2100

Toshiba Digital Solutions Corporation
Sales Planning & Marketing Division
Minoru Nagai
Telephone: +81-44-331-1100