Establishment of Mitsui & Co. Retail Group, Ltd.

Mar. 15, 2024

On April 1, 2024, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) will merge its wholly owned subsidiary, Mitsui & Co. Retail Holdings Co., Ltd. ("MRH"), and four business operating companies under the umbrella of MRH (Mitsui Foods Co., Ltd., Vendor Service Co., Ltd., Retail System Service Co., Ltd., and Bussan Logistics Solutions Co., Ltd.), which engage in the distribution of food products and daily necessities for retailers and foodservice operators. The new company, Mitsui & Co. Retail Group, Ltd. ("MRG"), will play a central role in Mitsui's distribution strategy, pursuing the enhancement and sophistication of the distribution of food products and daily commodities.

In recent years, prices of raw materials and energy in Japan have remained high due to the rapidly changing international situation and the impact of the yen's depreciation. In addition, inflationary pressures are expected to increase along with labor shortages. In the logistics industry, there are also concerns over further labor shortages being triggered by the enactment of the Act on the Arrangement of Related Acts to Promote Work Style Reform in April 2024. Against this backdrop, the food wholesale industry is required to demonstrate its functions to optimize the entire supply chain. By achieving synergies through the said merger, MRG will boost its comprehensive logistics strengths, optimize its inventory, and provide goods and services when consumers need them, with a product assortment, quality, and prices that satisfy them. By leveraging the economies of scale gained through this consolidation, MRG will enhance delivery efficiency and reduce environmental impacts, and by using AI, it will enhance the accuracy of its demand forecasting capabilities in order to reduce food loss. In this manner, the company will contribute to finding solutions to social issues.

Under Mitsui's Medium-term Management Plan 2026, Mitsui has designated "Industrial Business Solutions" as one of its key strategies. The company aims to contribute to improving the quality of the diverse lifestyles of consumers by building a mechanism for stably supplying the resources, materials, and foods that are essential to the development of society, as well as by establishing mobility infrastructure and digital infrastructure that support industries.

Through the establishment of MRG, Mitsui aims to bring together the expertise of the five companies, realize a stable supply of goods and services through logistics optimization, and leverage DX to enhance procurement functions and achieve further sophistication of product development operations, thereby contributing to the realization of richer and brighter lives for people.

Company Profile

Official name Mitsui & Co. Retail Group, Ltd.
Head Office 1-1, Nishi-Shimbashi 1-chome, Minato-ku, Tokyo
Effective date of the merger April 1, 2024
Surviving company Mitsui Foods Co., Ltd.
Representative Kosuke Shibata, President and CEO
Number of employees Approximately 2,600 (on a non-consolidated basis)
Business activities Sales, import, and export of foods, alcoholic beverages, daily commodities, containers and packaging materials, manufacturing and processing of goods, logistics operations (including distribution and storage) businesses, etc.
Shareholders Mitsui & Co., Ltd. (100%)
East Metropolitan Center (Nagareyama-shi, Chiba Prefecture)East Metropolitan Center (Nagareyama-shi, Chiba Prefecture)
Private Brand "Nippon Genki Market"Private Brand "Nippon Genki Market"

Mitsui’s Materiality

“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Secure sustainable supply of essential products” and “Enhance quality of life”

  • Secure sustainable supply of essential products

    Secure sustainable supply of essential products

  • Enhance quality of life

    Enhance quality of life

  • Create an eco-friendly society

    Create an eco-friendly society

  • Develop talent leading to value creation

    Develop talent leading to value creation

  • Build an organization with integrity

    Build an organization with integrity