|
 In the New Business Initiative Group, we provide high level professional functions that incorporate financial services, information & communication technology, and logistics services. Based on the solution providing knowledge and experience, we focus on creating new businesses as “A New Industry Innovator”. |
Since its formation in April 2000, the New Business Initiative Group has lived up to its name—creating new businesses. We have provided key functions that underpinned the activities of Mitsubishi Corporation (MC), such as financial services, information and communications, logistics, management and marketing, to outside parties. MC's conventional business model is to create earnings from supply chains and to use the industry knowledge and product know-how gleaned from these activities to conduct business investments to expand earnings. However, through a new approach—selling the services (functions) themselves by cohesively working with several strategic subsidiaries—this group has successfully broken into new domains where MC had no involvement in the past. Prime examples of these new domains are real estate investment trusts (REIT), medical and welfare businesses and content businesses.
Building on these successes, we will continue to offer sophisticated functions both inside and outside the MC Group. By creating, reforming and expanding businesses, we will pursue the maximum possible earnings on a consolidated basis.
As of April 1, 2006, the New Business Initiative Group has a framework consisting of five divisions: Information & Communication Technology (ICT) Business Division, Financial Services Division, Logistics Services Division, Human Care Business Division and Media Consumer Business Division.
Established by integrating part of the former Human Life Business Division and part of the ICT Business Division, the Media Consumer Business Division's remit is to create business opportunities in consumer-centric business fields undergoing dynamic industry restructuring brought about by changes in the structure of society and technological innovation. The Human Care Business Division was established from the remaining parts of the former Human Life Business Division not incorporated in the Media Consumer Business Division to further strengthen and promote our activities in the medical and nursing care field.
Regarding the strategies of existing divisions, the ICT Business Division will work to strengthen the operations of strategic subsidiary IT Frontier Corporation (ITF) as an IT management services company. In the Financial Services Division, the focus is on asset management operations, which includes leasing, real estate and business finance, and the corporate turnaround management business. Meanwhile, the Logistics Services Division will strengthen its collective capabilities through globally integrated logistics centered on Mitsubishi Corporation LT, Inc. While the activities of each division are different there is a common thread to their strategies: to designate key fields and channel resources to them to create new businesses that will drive earnings growth.
|
|
