On April 1, 2020, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) will implement changes to its organizational structure with a view to the next Medium-term Management Plan, which is currently being formulated. An outline of and the reasons for the organizational restructuring are provided below.
1. Establishment of the Energy Solutions Business Unit
Mitsui considers that contributing to, through its business activities, both the development of various countries and regions and finding solutions to global issues, including climate change, will become its sustainable growth strategy. The infrastructure of next-generation electric power, new energy (hydrogen, biofuels, etc.), and next-generation mobility is deeply relevant to responding to climate change issues. With a focus on these fields, we will accelerate our unique, multifaceted, flexible initiatives that combine various kinds of knowledge from different business domains. Toward achieving that goal, we will establish the Energy Solutions Business Unit. We will transfer relevant personnel and business from the Infrastructure Projects Business Unit, Energy Business Unit I, and Mobility Business Unit I to the new business unit, and will continuously promote interactive human resources exchange between the new business unit and relevant business units. The Energy Solutions Business Unit will not limit its activities to a specific field, but will actively promote innovative initiatives with the aim of further expanding its business.
2. Restructuring of Business Supporting Units
We will divide the functions of the existing Business Supporting Units into business units and corporate units. The purpose of this change is to further strengthen our frontline business capabilities and maximize the full potential of our human resources. We will dissolve the Planning & Administrative Divisions that form the current Business Supporting Unit structure and reorganize Financial Management Divisions I through IV as hybrid corporate organizations that combine specialist knowledge of accounting, tax management, and risk management with the frontline knowledge of experienced business professionals.