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Investors' Note INVESTORS’ NOTENOV. 2015 No.41 First-and Second-Quarter Reports for Year Ending March 2016 Security code 8058 INDEX GLOBAL ACTIVITY 2 To Our Shareholders 4 Operating Results Highlights 7 Business Highlights 10 Special Feature 14 Relief and Recovery News 20 Sustainability 22 About Us 26 Mitsubishi Corporation (MC) Group is engaged U.K. in a wide variety of activities on a global scale Reached Final Close in P13 Sponsoring P25 through our domestic and overseas network. Container Shipping Fund the British Museum Expanding Business Domains by Capturing Changes in the Market Trends P16 (Electric Power Business) Enhancing Infrastructure Sponsoring the Fukushima P25 Business in Turkey and P10 Smithsonian Institute Turkey Wine and Liqueur P20 its Surrounding Countries United States Distillery Completed Japan Aichi "mozo wonder city" Supporting Friendly to People P23 P24 Improving Sanitation Low-income and the Environment Farmers GLOBAL Producing Methanol for Farming Communities P11 and Dimethyl Ether P24 Myanmar P12 Tree-planting India News Malaysia Business Agreement with World Leading Agri-business Company ACTIVITY Trinidad and Tobago In the year ended March 2012, MC Singapore Premium and Sustainable Coffee launched a global environmental Here, we introduce our projects focused P23 preservation and improvement program Global Expansion through for Consumers around the World designed to create abundant and rich forests Building Region-focused in this INVESTORS’ NOTE. together with shareholders. Indonesia Value Chains (Automobile Business) Brazil Under this program, for every shareholder who P18 consents to receive materials such as convocation About the Photo on the Cover notices for shareholder meetings and investors’ notes via e-mail, rather than by post, MC will plant 1 Container Terminal Business tree per person every 6 months in Malaysia. In the The need and importance of containership first half of the year ending March 2016, 20,805 Australia transportation are increasing, as corporate shareholders participated in this program. We have Commercial Oil activities are becoming internationally specialized, planted a total of 218,185 trees to date. Production Starts in and as a result of the globalizing economy. Kimberley Region of *For details, please visit the following URL Global Environmental & Infrastructure Business Group is engaged in a (Japanese only) Western Australia P13 container terminal business at the Port of Valencia in Spain. MC will step http://www.mitsubishicorp.com/jp/ja/ir/adr/edelivery/ up its involvement in infrastructure business. 2 INDEX GLOBAL ACTIVITY GLOBAL ACTIVITY 2 To Our Shareholders 4 Operating Results Highlights 7 Business Highlights 10 To Our Shareholders Special Feature 14 Relief and Recovery News 20 Sustainability 22 26 About Us Highlights Operating Results Mitsubishi Corporation (MC) Group is engaged U.K. in a wide variety of activities on a global scale Reached Final Close in P13 Sponsoring P25 Container Shipping Fund through our domestic and overseas network. Business Highlights the British Museum Expanding Business Domains by Capturing Changes in the Market Trends P16 (Electric Power Business) Enhancing Infrastructure Sponsoring the Fukushima P25 Business in Turkey and P10 Smithsonian Institute Turkey Wine and Liqueur P20 its Surrounding Countries United States Special Feature Distillery Completed Japan Aichi "mozo wonder city" Supporting Friendly to People P23 P24 Improving Sanitation Low-income and the Environment Farmers GLOBAL Producing Methanol for Farming Communities P11 and Dimethyl Ether Recovery News Relief and P24 Myanmar P12 Tree-planting India News Malaysia Business Agreement with World Leading Agri-business Company ACTIVITY Trinidad and Tobago In the year ended March 2012, MC Singapore Premium and Sustainable Coffee launched a global environmental Here, we introduce our projects focused P23 Global Expansion through for Consumers around the World preservation and improvement program Sustainability designed to create abundant and rich forests Building Region-focused in this INVESTORS’ NOTE. together with shareholders. Indonesia Value Chains (Automobile Business) Brazil Under this program, for every shareholder who P18 consents to receive materials such as convocation About the Photo on the Cover notices for shareholder meetings and investors’ notes via e-mail, rather than by post, MC will plant 1 Container Terminal Business tree per person every 6 months in Malaysia. In the The need and importance of containership About Us first half of the year ending March 2016, 20,805 Australia transportation are increasing, as corporate shareholders participated in this program. We have Commercial Oil activities are becoming internationally specialized, planted a total of 218,185 trees to date. Production Starts in and as a result of the globalizing economy. Kimberley Region of *For details, please visit the following URL Global Environmental & Infrastructure Business Group is engaged in a (Japanese only) Western Australia P13 container terminal business at the Port of Valencia in Spain. MC will step http://www.mitsubishicorp.com/jp/ja/ir/adr/edelivery/ up its involvement in infrastructure business. 3 Top Message To Our Shareholders “New Strategic Direction” as one. theIn year final “Newunder Strategic Direction,” we all will strive to successfully wrapup 4 GLOBAL ACTIVITY To Our Shareholders Revised full-year forecasts for the year ending March Highlights Operating Results 2016 based on changes in our business environment such as market deterioration. Business Highlights First of all, I would like to express our sincere that we revised our forecast of the full-year appreciation for your continued support. consolidated net income to ¥300 billion (¥60 I would like to report our consolidated net billion less than the forecasts we announced at income for the first six months of the year the beginning of this fiscal year). Additionally, ending March 2016. based on the revision to our forecast of the Special Feature MC Group's consolidated net income for the full-year consolidated net income, we revised first six months was ¥154.9 billion, down 39% our annual dividend forecast for the year from the same period of the previous fiscal ending March 2016 to ¥50 per common share year. In the non-resource fields, the Global from ¥56 we announced earlier, and we will Environmental & Infrastructure Business pay half the amount, ¥25 per common share, Recovery News Relief and Group, Machinery Group and Chemicals as the interim dividend. Under “New Strategic Group increased their trading and investment Direction,” we introduced a two-staged profits. In the resource fields, on the other dividend policy, consisting of base and variable hand, investment profits and dividends from portions, to ensure a certain amount of return Sustainability resource-related investments decreased to shareholders regardless of changes in our mainly due to market deterioration. business environment. In accordance with this In consideration of the changes in our policy, we plan to pay shareholders an annual business environment mainly related to dividend of ¥50 per common share. market deterioration, I regret to announce About Us 5 Top Message In “New Strategic Direction,” MC is set to We are completing our three year plan maximize its corporate value by striving to “New Strategic Direction” in this fiscal year. realize our growth vision eyeing circa 2020, We expect a tough environment will continue such as doubling the scale of business, while such as the decline in resource prices for pursuing continuous portfolio optimization. the rest of this fiscal year. We will manage By the end of the second quarter of the such environmental changes by, among year ending March 2016, the final year of other things, strengthening competitiveness “New Strategic Direction,” we invested a total through cost reductions. At the same time, of ¥650 billion for new projects, and are also our entire company is making every effort actively reshaping the existing asset base. to accelerate the allocation of management To improve our mid- and long-term capital resources in "winning businesses" in order efficiency with top priority placed on higher to achieve our full-year forecast, and to profitability, we repurchased shares of its successfully wrap up the final year under common stock worth about ¥100 billion, “New Strategic Direction.” and canceled the majority of said shares in As always, I thank you for your understanding August, as we did last year. and support. November 2015 Ken Kobayashi president and CEO 6 GLOBAL ACTIVITY Operating Results Highlights (IFRS) ■Consolidated Net Income by Segment （¥ billion） To Our Shareholders 300.0 Global Environmental & Infrastructure Business 250.0 255.1 11. 1 Industrial Finance, 27.3 Logistics & Development 200.0 Energy Business Highlights Operating Results 154.9 Metals 150.0 110.5 29.1 Machinery 19.9 100.0 Chemicals 12.1 31.5 Living Essentials 44.3 50.0 45.0 Others, Adjustments Business Highlights 14.3 21.0 and Eliminations 0 33.8 22.9 1. 7 ▲13.9 ▲0.6 Six months ended Sept. 2014 Six months ended Sept. 2015 *Figures for the Global Environmental & Infrastructure Business represent those of the Global Environmental & Special Feature Infrastructure Business Group’s infrastructure-related businesses. Figures for this Group’s environment-related businesses are included in Others, Adjustments and Eliminations. ■New Investments and Portfolio Reshaping （¥ billion） Six months ended Sept. 2015 (Cumulative Total) Recovery
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