DOCSLIB.ORG

Integrated Report 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Integrated Report 2019 Mitsubishi Materials Corporation Marunouchi Nijubashi Building 22F 3-2-3, Marunouchi, Chiyoda-ku, Tokyo 100-8117 Japan https://www.mmc.co.jp/corporate/en/ For further contact (Web) : https://www.mmc.co.jp/corporate/en/contact/ Mitsubishi Materials Corporation Integrated Report 2019 For People, Society and the Earth Mitsubishi Materials Corporation Integrated Report 2019 2018.4 2019.3 Note on the Issuance of the Integrated Report 2019 We first started issuing the Integrated Report in fiscal 2019. Although we laid out a direction for the Mitsubishi Materials Group over the medium to long-term in 2017, which formed the basis for our three-year Medium-term Management Strategy ending in fiscal 2020, quality issues that occurred in fiscal 2018 have resulted in the Group facing new challenges that need addressing. This Integrated Report presents the strategies of each business, the issues we must face, and the direction of our response to such should take as we head into the future, while taking the state of our response to the aforementioned quality issues, and in particular, the state of governance enhancement measures into account. In addition, the Integrated Report also outlines the approach the Group sees as best for improving corporate value and in striving for sustainable development as comprehensively as is possible. For the preparation of this Report we engaged in active debates and discussion between each division within the Company with connections to a broad range of stakeholders to produce a storyline for the Company - one that focuses on the long-term, and organically fuses both the financial and non-financial aspects of the Company. I feel this has allowed us to deepen our integrated outlook of the Company in a much greater way than ever before. I understand that an integrated report is a policy statement of the manager as well. In this sense, the discussions during the preparation of this Integrated Report keenly reminded us of the essential question of how the business should be. I hope that this Report serves as the basis for dialog with all stakeholders of the Group. I see each comment and request we receive as a result of this initiative as a valuable clue that will lead to future improvements and, in turn, in enhancing the corporate value of the Group. I very much look forward to engaging in a constructive dialog with our stakeholders. As of June 21, 2019 the Company changed to a Company with a Nomination Committee. Discussions on the next Medium-term Management Strategy due to commence in fiscal 2021 are now getting underway under this new management structure. The next Medium- term Management Strategy will look to outlining Company targets, and detailing the specific measures to be taken to achieve the goals set for the period of the strategy based on a clear long-term outlook, while also taking into consideration the changes in the business environment facing the Group from an even broader perspective, and also considering the capital condition. We are looking to expand upon the details of such in the next Integrated Report. Mitsubishi Materials Corporation Chief Executive Officer Naoki Ono We will become the leading business group committed to creating a sustainable world through materials innovation, with use of our unique and distinctive technologies, for People, Society and the Earth. MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2019 1 CONTENTS About Mitsubishi Materials Foundations for Growth Corporate Philosophy 4 4 Overview of Corporate Activities under the Corporate Philosophy System 68 68 Human Resources Strategies For People, Society and the Earth 5 Mitsubishi Materials DNA of Transformation 72 Research and Development Vision 6 Business Growth Model 74 Manufacturing Innovation We will become the leading business group committed to 8 Business Operations & Sustainable Development Goals (SDGs) 76 Stakeholder Relations creating a sustainable world through materials innovation, with use of our unique and distinctive technologies, for People, Society and the Earth. 10 Performance Highlights 78 Responsible raw materials procurement Editorial Policy 80 Environmental Management We are issuing this report to help our diverse Business activities stakeholders, including customers, shareholders, and Cement investors understand our financial and non-financial Others Metals 84 Basic Approach to CSR and Material Issues Mineral Resources Materials business direction. & Recycling Feature Metalworking Advanced Taking advantage of the Group’s strengths to meet Solutions Products Governance Processed products The Advanced Products Company was founded to help enrich various social requirements, we will create new values •Human Resources Strategies 責任ある society with high value-added functional materials and products to convey our efforts for sustainable growth. This report 原材料調達 Financial Sections/Corporate Data Governance 12 •Research and Development Foundations •Environmental Management •Manufacturing Innovation for Growth is intended as a tool for communicating such in an •Capital Resources •Stakeholder Relations 14 Where Are These Materials Being Used? “Look Where Mitsubishi Materials Leaves Its Mark” 86 86 Ten-Year Summary easy-to-understand format. Respect diversity Tireless efforts to 88 Consolidated Balance Sheets In editing the report, we have referred to the and teamwork meet the needs of Our Values our customers Consolidated Statements of Income and society 90 “International Integrated Reporting Framework” as Act with integrity, speed and determination 91 Consolidated Statements of Cash Flows recommended by the International Integrated Reporting Consolidated Statements of Changes in 1: Respect Human Rights 5: Environmental Management Council (IIRC) , and the "GRI Standards" by Global Net Assets Code of Conduct Reporting Initiatives. 2: Safety First 4: Mutual Prosperity 92 Profile The description of performance is based on information 3: Compliance Top Message Domestic Network current as of May 13, 2019. Striving for Both Economic Value and Social Value. 93 Investor Information 16 Integrated Report Quality Issues and Governance Enhancement 17 Japanese version and English version are 18 Group Strengths as Viewed from Our History available published in booklet and PDF 18 Boost Both Economic and Social Value Boundary format. 20 Progress of the Medium-term Management Strategy Including group companies, with Mitsubishi Materials Corporation playing a central role. Basic Management Policy for Fiscal 2020 21 Please refer to CSR Data Book for coverage area of non-financial 23 In Conclusion performance data. Period Fiscal 2019 (1st April, 2018 - 31st March, 2019) * This report may also include information from April 2019 onwards, Financial Section in PDF format Governance in an effort to provide the most up-to-date information. (English version only) Date of Publication: July 2019 Regarding financial information for Mitsubishi 24 Directors and Executive Officers Caution Regarding Forecasts and Forward- Materials Group, detailed data concerning 24 Looking Statements performance and outlook are reported. The final decision, including any investment decisions, rests with Three-way Talk with Our Outside Directors individuals. The Company assumes no responsibility or liability 28 whatsoever for any losses or damages resulting from investments or 32 Corporate Governance other actions based on information in this report. 38 Toward the Enhancement of Group Governance CSR Data Book in PDF format Group Governance Framework Enhancement Measures 40 (Japanese and English versions) 42 Restructuring of the Governance Framework for Quality Control in Our Group Adoption of the stocks that make up stock indexes for CSR Management and CSR material issues ESG investment (As of July 2019) 44 Risk Management at Mitsubishi Materials are reported including 46 Compliance detailed data. We are included in the stocks comprising the MSCI Japan ESG Select Leaders Index and MSCI Japan Empowering Women Index (WIN), which are both administered by MSCI. MMC Group Businesses Made up of companies demonstrating outstanding initiatives with respect to ESG and gender diversity, respectively, we have been selected as part of the operation index for ESG investment operated by the Government Pension Investment Fund, Japan (GPIF). 48 Net sales / Ordinary income by segment 48 *MSCI: Morgan Stanley Capital International Inc. 49 Recycling-Oriented Business Model of Mitsubishi Materials Group THE INCLUSION OF Mitsubishi Materials Corporation IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS 50 Advanced Products OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF Mitsubishi Materials Corporation BY MSCI OR ANY OF ITS AFFILIATES. 54 Metalworking Solutions Business THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES. 58 Metals Business 62 Cement Business 66 Other Business (Environment & Energy Business / Affiliated Business) Based in Luxembourg and Milan, ECPI provides investment and sustainability advisory services. ECPI maintains indexes for individual industries, regions, and themes that are composed of global companies whose ESG activities satisfy certain standards. Mitsubishi Materials Group has been selected for the index. 2 MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2019 MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2019 3 About Mitsubishi Materials Overview of Corporate Activities under
Load more

Recommended publications
  • Mitsubishi Corporation INVESTORS'note
    Mitsubishi Corporation INVESTORS’NOTE [Security code 8058] JUN. 2010 No. 30 To Our Shareholders Top Message Tackle Everything Head On Ken Kobayashi President and CEO Appointment as New President It is my pleasure to write this letter following my confirmation as MC’s new president as of June 24. I joined MC in 1971 and was consistently involved with our machinery businesses, particularly ship-related business, from the early days of my career through the middle stages up to my promotion to division COO. From 2001, I resided in Singapore, the key hub for information in Asia, as general manager of our Singapore Branch, and witnessed firsthand the dynamism of the Asian economy, particularly the rapid growth of the Chinese economy. Following my appointment in 2007 as an executive vice president, I focused on creating a new business model of shosha-type industrial finance as CEO of the Industrial Finance, Logistics & Development Group under the guidance of our former president Yorihiko Kojima. Sogo-shosha have long used financing as a tool in their business activities. 1 Top Message However, under this business model we began to target Strengthening the Management Base, financing as a future nucleus of MC’s overall operations by Developing Future Growth Drivers coordinating and cooperating with internal departments. One principle I have learned through various kinds of Today, the global economy is facing structural change. work and stuck to throughout my career is to tackle things Globalization, the growing prominence of emerging nations, head on, without resorting to dubious wheeling and dealing. changes in the balance of resource demand and supply, and Even if somehow taking a less than acceptable approach various other dynamics are catalyzing a change from the brings success, it is bound to be short-lived.
    [Show full text]
  • Mitsubishi Materials Corp
    NEWS RELEASE Apr 14, 2021 R&I Affirms A-, Stable: Mitsubishi Materials Corp. Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: Mitsubishi Materials Corp. Issuer Rating: A-, Affirmed Rating Outlook: Stable RATIONALE: Mitsubishi Materials Corp. (MMC) is a major non-ferrous materials company that develops a full range of businesses including the manufacture of materials such as metals and cement, as well as the processing of materials that offers copper & copper alloy, electronic materials & components, and cemented carbide products. The company as a whole has a relatively robust earnings base, partly because it offers many products through the integrated production system among group companies that encompasses upstream to downstream processes. MMC has well-diversified earnings sources. However, the earnings are susceptible to changes in the economic situation, market conditions, raw material prices and foreign exchange rates, because MMC's offerings are mainly capital goods. The company had to see a decline in earnings affected partly by decreased automobile production in the first half of 2020 in addition to the global economy having slowed down since 2019. From the second half of 2020 onward, its earning capacity is beginning to show an upward trend buoyed by a rise in metal prices and a clear trend toward product demand recovery but is still not satisfactory for the rating. While transferring the unprofitable sintered parts business, MMC is promoting its business structure improvement including acquisition of stakes in copper mines and restructuring of its cutting tools subsidiary, investment in a company engaged in the tungsten business, etc. in Vietnam.
    [Show full text]
  • Next-Generation Power Modules Patent Landscape Analysis
    From Technologies to IP Business Intelligence Next-Generation Power Modules Patent Landscape Analysis January 2021 © 2021 | www.knowmade.com TABLE OF CONTENTS INTRODUCTION 5 •Technology coverage of IP portfolios US IP players 228 •Introduction •Top patent assignees in each segment GE, Cree/Wolfspeed, Ford, On Semiconductor •Scope of the report •EV/HEV applications vs. Semicon. Device Taiwanese IP players 265 •Key feature of the report Technology Delta Electronics •Main patent assignees cited in the report •Reduction of parasitics vs. Semicon. Device Technology Korean IP players 274 METHODOLOGY 15 Hyundai/Kia, Samsung Electronics/SEMCO •Patent search, selection and analysis IP PROFILES OF KEY IP PLAYERS 61 For each player: Chinese IP players 282 •Patent segmentation Midea, CRRC, Starpower, Gree, SGCC, CETC, BYD, •Terminology for patent analysis • Statistical analysis of the portfolio (IP tends, geographical coverage, granted patents, pending Macmic, Shenzhen Yitong Power Electronics patent applications, technology, technical EXECUTIVE SUMMARY 21 CONCLUSION 318 challenges, applications) PATENT LANDSCAPE OVERVIEW 31 • Noteworthy patents relating new KNOWMADE PRESENTATION 322 •Time evolution of patent publications products/technology developments •Top patent assignees • Description of the recent patenting activity •Short description of main patent assignees Japanese IP players 62 •Current legal status of the top patent portfolios Mitsubishi Electric, Hitachi, Denso, Rohm, Fuji •Countries of filings for granted and pending Electric, Toyota
    [Show full text]
  • Health Newsletter 11 February 99
    BDA Business Development Asia ASIA IS A BUSINESS IMPERATIVE… NOW MORE THAN EVER ASIAN AUTOMOTIVE NEWSLETTER Issue 31, June 2002 A bimonthly newsletter of developments in the auto and auto components markets CONTENTS CHINA INTRODUCTION .................................................... 1 Alpine Electronics, the Japanese car audio CHINA ................................................................... 1 specialist, will expand production in China by INDIA ..................................................................... 3 increasing output at two subsidiaries in Liaoning JAPAN................................................................... 4 Province. Alpine will invest a total of ¥3bn (US$24m) KOREA ................................................................. 5 in the two units by March 2004. China’s share of MALAYSIA ............................................................ 5 total Alpine production will rise from 25% to 40% PHILIPPINES ........................................................ 5 by 2004. Overall, Alpine’s ratio of offshore production THAILAND............................................................. 6 will increase from 70% to 90%. (May 29, 2002) Auto Parts Holdings Sdn Bhd, a wholly-owned subsidiary of Malaysian automotive component manufacturer APM Automotive Holdings Berhad, has formed a JV with Hefei WinKing Asset Co Ltd (HWAC) of China to manufacture and distribute automotive seats, interior parts and metal INTRODUCTION components in China. The new JV, Anhui Winking Auto Parts Manufacturing Co Ltd, will be 60% held by APM with the remaining 40% held by HWAC. The JV will be created with an authorized We hope you find the Asian Automotive Newsletter capital of US$5m and an initial paid-up capital of informative. US$3m. Based in Heifei, China, Anhui Winking will begin supplying seats by Q4 2002 to Jianghuai BDA is a corporate finance advisory firm which Automotive Group, an associate of HWAC. assists multinational clients to identify and execute Annual production capacity is 20,000 seat sets.
    [Show full text]
  • Mitsubishi Materials and Ube Industries Sign Letter of Intent for Integration of Cement Businesses
    February 12, 2020 Company name: Mitsubishi Materials Corporation Representative: Naoki Ono, Chief Executive Officer Security code: 5711 (shares listed on First Section of Tokyo Stock Exchange) Contact: Nobuyuki Suzuki General Manager, Corporate Communications Department, General Affairs Department Tel: +81-3-5252-5206 Company name: Ube Industries, Ltd. Representative: Masato Izumihara, President and Representative Director Security code: 4208 (shares listed on First Section of Tokyo Stock Exchange and Fukuoka Stock Exchange) Contact: Osamu Akutagawa General Manager, CSR & General Affairs Department Tel: +81-3-5419-6110 Mitsubishi Materials and Ube Industries Sign Letter of Intent for Integration of Cement Businesses Mitsubishi Materials Corporation and Ube Industries, Ltd. announced today that, based on a resolution of the companies’ respective Board of Directors meetings held today, they have signed a letter of intent to start specific discussions and study on the integration of their respective cement businesses and related businesses. The details of the integration, which is to be implemented around April 2022, are given below. Moving forward, Mitsubishi Materials and Ube Industries will engage in specific discussions and study on the integration, and they plan to sign a definitive agreement for the integration in or around late September 2020. 1. Purpose of the Integration In 1998, Mitsubishi Materials and Ube Industries established Ube-Mitsubishi Cement Corporation as an equally-owned joint venture. Under the joint venture, the companies
    [Show full text]
  • Published on 7 October 2016 1. Constituents Change the Result Of
    The result of periodic review and component stocks of TOPIX Composite 1500(effective 31 October 2016) Published on 7 October 2016 1. Constituents Change Addition( 70 ) Deletion( 60 ) Code Issue Code Issue 1810 MATSUI CONSTRUCTION CO.,LTD. 1868 Mitsui Home Co.,Ltd. 1972 SANKO METAL INDUSTRIAL CO.,LTD. 2196 ESCRIT INC. 2117 Nissin Sugar Co.,Ltd. 2198 IKK Inc. 2124 JAC Recruitment Co.,Ltd. 2418 TSUKADA GLOBAL HOLDINGS Inc. 2170 Link and Motivation Inc. 3079 DVx Inc. 2337 Ichigo Inc. 3093 Treasure Factory Co.,LTD. 2359 CORE CORPORATION 3194 KIRINDO HOLDINGS CO.,LTD. 2429 WORLD HOLDINGS CO.,LTD. 3205 DAIDOH LIMITED 2462 J-COM Holdings Co.,Ltd. 3667 enish,inc. 2485 TEAR Corporation 3834 ASAHI Net,Inc. 2492 Infomart Corporation 3946 TOMOKU CO.,LTD. 2915 KENKO Mayonnaise Co.,Ltd. 4221 Okura Industrial Co.,Ltd. 3179 Syuppin Co.,Ltd. 4238 Miraial Co.,Ltd. 3193 Torikizoku co.,ltd. 4331 TAKE AND GIVE. NEEDS Co.,Ltd. 3196 HOTLAND Co.,Ltd. 4406 New Japan Chemical Co.,Ltd. 3199 Watahan & Co.,Ltd. 4538 Fuso Pharmaceutical Industries,Ltd. 3244 Samty Co.,Ltd. 4550 Nissui Pharmaceutical Co.,Ltd. 3250 A.D.Works Co.,Ltd. 4636 T&K TOKA CO.,LTD. 3543 KOMEDA Holdings Co.,Ltd. 4651 SANIX INCORPORATED 3636 Mitsubishi Research Institute,Inc. 4809 Paraca Inc. 3654 HITO-Communications,Inc. 5204 ISHIZUKA GLASS CO.,LTD. 3666 TECNOS JAPAN INCORPORATED 5998 Advanex Inc. 3678 MEDIA DO Co.,Ltd. 6203 Howa Machinery,Ltd. 3688 VOYAGE GROUP,INC. 6319 SNT CORPORATION 3694 OPTiM CORPORATION 6362 Ishii Iron Works Co.,Ltd. 3724 VeriServe Corporation 6373 DAIDO KOGYO CO.,LTD. 3765 GungHo Online Entertainment,Inc.
    [Show full text]
  • Representative Legal Matters Hideo Norikoshi
    Representative Legal Matters Hideo Norikoshi Acted for Dentsu on its public takeover of Aegis Group in the UK. In his former capacity as a partner at Linklaters, he was involved in a number of notable transactions: Acted for Vodafone as co-lead partner in its dual takeovers in Japan (to make its businesses wholly owned subsidiaries), group reorganisations to create a holding company and fixed line and mobile subsidiaries, and non-core disposals. Acted for a US private equity house as lead partner in its acquisition of a distressed business in Japan. Acted for Temasek as lead partner in its acquisition of minority interests in Mitsui Life, a Japanese insurance business. Acted for Temasek as lead partner in its acquisition of minority interests in e-mobile, a TMT business in Japan. Acted for Temasek as lead partner in its disposal of majority interests in a Japanese investment management business. Acted for Shionogi Pharma as lead partner in its auction sale of a medical capsule business in Japan to a PE purchaser. Acted for Shionogi Pharma as lead partner in its auction sale of a toll in manufacturing business in Japan. Acted for Mitsui Sumitomo Insurance as lead partner in its buyout of MetLife in their Japan life assurance joint venture. Acted for a European pharmaceutical company as lead partner in its proposed disposal of a medical food business. Acted for NTT Corporation on its public takeover of Dimension Data Holdings Plc in the UK. Acted for Square Enix on its public takeover of Eidos Plc in the UK. Acted for Hitachi Capital on its public takeover of Hitachi Capital (UK) Plc in the UK.
    [Show full text]
  • Istoxx® Mutb Japan Momentum 300 Index
    ISTOXX® MUTB JAPAN MOMENTUM 300 INDEX Components1 Company Supersector Country Weight (%) Z HOLDINGS Technology Japan 0.69 M3 Health Care Japan 0.65 KOEI TECMO HOLDINGS Technology Japan 0.65 MENICON Health Care Japan 0.59 CAPCOM Technology Japan 0.58 FUJITEC Industrial Goods & Services Japan 0.56 Ibiden Co. Ltd. Industrial Goods & Services Japan 0.56 NIPPON PAINT HOLDINGS Chemicals Japan 0.56 RENESAS ELECTRONICS Technology Japan 0.55 JEOL Industrial Goods & Services Japan 0.55 INTERNET INTV.JAPAN Technology Japan 0.53 JSR Corp. Chemicals Japan 0.52 NET ONE SYSTEMS Technology Japan 0.51 Fujitsu Ltd. Technology Japan 0.51 Bank of Kyoto Ltd. Banks Japan 0.51 Hokuhoku Financial Group Inc. Banks Japan 0.51 FUJITSU GENERAL Personal & Household Goods Japan 0.50 Iyo Bank Ltd. Banks Japan 0.50 Kyushu Financial Group Banks Japan 0.50 77 Bank Ltd. Banks Japan 0.49 COCOKARA FINE INC. Retail Japan 0.49 TOSHIBA TEC Industrial Goods & Services Japan 0.48 JCR PHARMACEUTICALS Health Care Japan 0.48 MONOTARO Retail Japan 0.48 COSMOS PHARM. Retail Japan 0.48 Tokyo Electron Ltd. Technology Japan 0.48 Nomura Research Institute Ltd. Technology Japan 0.48 Olympus Corp. Health Care Japan 0.47 SUNDRUG Retail Japan 0.47 Chiba Bank Ltd. Banks Japan 0.47 NEC NETWORKS & SY.INTG. Technology Japan 0.47 Nomura Holdings Inc. Financial Services Japan 0.47 TOKYO OHKA KOGYO Technology Japan 0.47 PENTA-OCEAN CONSTRUCTION Construction & Materials Japan 0.47 FUYO GENERAL LEASE Financial Services Japan 0.46 FUJI Industrial Goods & Services Japan 0.46 Hachijuni Bank Ltd.
    [Show full text]
  • SUMCO CORPORATION Mayuki Hashimoto, Director and President
    Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation. Securities Code: 3436 March 8, 2016 Dear Shareholders, 1-2-1 Shibaura, Minato-ku, Tokyo SUMCO CORPORATION Mayuki Hashimoto, Director and President Notice of Convocation of the 17th Ordinary General Meeting of Shareholders You are cordially invited to attend the 17th Ordinary General Meeting of Shareholders of SUMCO CORPORATION. The meeting will be held as described below. If you are unable to attend the meeting in person, you may exercise your voting rights by postal voting or via the Internet, etc. Prior to voting, please examine the attached Reference Documents for the General Meeting of Shareholders and exercise your voting rights as outlined on pages 3 and 4. Details 1. Date and Time: Tuesday, March 29, 2016, at 10 a.m. (reception starts at 9 a.m.) 2. Place: Mielparque Hall 2-5-20 Shiba-koen, Minato-ku, Tokyo (the meeting place has changed from the previous meeting held last year) 3. Objectives of the Meeting Matters to be reported: 1. Business Report and Consolidated Financial Statements for the 17th Fiscal Year (from January 1, 2015 to December 31, 2015), as well as the Audit Reports of the Accounting Auditor and the Board of Corporate Auditors for Consolidated Financial Statements
    [Show full text]
  • MHI, AREVA, MMC and MC Jointly Establish a Full-Fledged Nuclear Fuel Fabrication Business in Japan
    Mitsubishi Heavy Industries, Ltd. Mitsubishi Materials Corporation Mitsubishi Corporation AREVA MHI, AREVA, MMC and MC Jointly Establish A Full-fledged Nuclear Fuel Fabrication Business in Japan Tokyo, December 22, 2008 – Mitsubishi Heavy Industries, Ltd. (MHI), AREVA, Mitsubishi Materials Corporation (MMC) and Mitsubishi Corporation (MC) have signed a four-party agreement towards the establishment of a joint company ("New Company") in the nuclear fuel fabrication business. The New Company will be a full-fledged nuclear fuel supplier, integrating development, design, manufacturing and sales of nuclear fuel. The New Company, which will benefit from the technology and established experience of each of the partners, is aimed at strengthening its nuclear fuel business in response to the increasing importance of nuclear power generation globally amid expanding efforts to prevent global warming. The agreement outlines the business scope, the organization principles and the detailed process toward the establishment of the New Company. The four partners are now entering into more detailed discussions with the target of having the New Company established during the first half of 2009. The New Company will be established by restructuring the existing Mitsubishi Nuclear Fuel Co., Ltd. (MNF), which is located in Tokai-mura, Ibaraki Prefecture1. MHI, MMC and AREVA will transfer their related business to the “new” MNF, and MC will subscribe for new shares to be issued. Under this scheme, MNF is slated to evolve into a full-fledged, comprehensive nuclear fuel company. The ownership ratios of the four partners in the New Company will be MHI 35%, MMC 30%, AREVA 30% and MC 5%. The New Company will have around 550 employees and expects 50 billion yen (400 Million Euros) in sales by 2020.
    [Show full text]
  • Dear Shareholders
    Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation. Security Code: 3436 April 9, 2009 Dear Shareholders, 1-2-1 Shibaura, Minato-ku, Tokyo SUMCO CORPORATION Kenjiro Shigematsu, President Notice of Convocation of the 10th Ordinary General Meeting of Shareholders You are cordially invited to attend the 10th Ordinary General Meeting of Shareholders of SUMCO CORPORATION. The meeting will be held as described below. If you are unable to attend the meeting in person, you may exercise your voting rights by postal voting. Prior to voting, please examine the attached Reference Documents for the General Meeting of Shareholders and, after indicating for or against each proposal by filling in the enclosed “Form for Exercising Voting Rights,” post it to us by mail so that your vote is received by 5:45 p.m. on Monday, April 27, 2009. Details 1. Date and Time: Tuesday, April 28, 2009, at 10 a.m. (reception starts at 9 a.m.) 2. Place: Mielparque Hall 2-5-20, Shibakouen, Minato-ku, Tokyo (the meeting place has changed from the previous time) 3. Objectives of the Meeting Matters to be reported: 1. Business Report and Consolidated Financial Statements for the 10th Fiscal Year (from February 1, 2008 to January 31, 2009), as well as the Audit Reports of the accounting auditor and the Board of Corporate Auditors for Consolidated Financial Statements 2.
    [Show full text]
  • Stoxx True Exposure™ Japan 25% Index
    STOXX TRUE EXPOSURE™ JAPAN 25% INDEX Components1 Company Supersector Country Weight (%) Toyota Motor Corp. Automobiles & Parts Japan 2.10 Softbank Group Corp. Telecommunications Japan 1.90 KDDI Corp. Telecommunications Japan 1.74 Nippon Telegraph & Telephone C Telecommunications Japan 1.53 Keyence Corp. Industrial Goods & Services Japan 1.51 RECRUIT HOLDINGS Industrial Goods & Services Japan 1.46 Daiichi Sankyo Co. Ltd. Health Care Japan 1.39 Oriental Land Co. Ltd. Travel & Leisure Japan 1.25 Central Japan Railway Co. Travel & Leisure Japan 1.20 Sony Corp. Personal & Household Goods Japan 1.15 NTT DoCoMo Inc. Telecommunications Japan 1.15 Itochu Corp. Industrial Goods & Services Japan 1.15 Mitsubishi UFJ Financial Group Banks Japan 1.08 Sumitomo Mitsui Financial Grou Banks Japan 1.05 Fast Retailing Co. Ltd. Retail Japan 0.99 East Japan Railway Co. Travel & Leisure Japan 0.94 Kao Corp. Personal & Household Goods Japan 0.89 Chugai Pharmaceutical Co. Ltd. Health Care Japan 0.85 Mitsubishi Estate Co. Ltd. Real Estate Japan 0.84 M3 Health Care Japan 0.82 Aeon Co. Ltd. Retail Japan 0.80 Tokio Marine Holdings Inc. Insurance Japan 0.80 Mitsubishi Corp. Industrial Goods & Services Japan 0.76 Mizuho Financial Group Inc. Banks Japan 0.76 Secom Co. Ltd. Industrial Goods & Services Japan 0.75 SOFTBANK Telecommunications Japan 0.73 Nitori Co. Ltd. Retail Japan 0.73 Mitsui Fudosan Co. Ltd. Real Estate Japan 0.72 Shiseido Co. Ltd. Personal & Household Goods Japan 0.71 Daiwa House Industry Co. Ltd. Personal & Household Goods Japan 0.71 Fujitsu Ltd. Technology Japan 0.69 Z HOLDINGS Technology Japan 0.67 Mitsui & Co.
    [Show full text]