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Annual Report2013 ©Rio Tinto MITSUI & CO., LTD. Annual Report 2013 CHALLENGE & INNOVATION Financial Performance and Sustainability Annual Report 2013 Year ended March 2013 ©Woodside ©Britannia Operator Limited Printed in Japan Mitsui’s Management Philosophy Mitsui has formulated its management philosophy of “Mission, Vision and Values” based on values and ideals, such as “Challenge and Innovation,” “Focus on Human MISSION Resources” and “Open-Mindedness,” built up through its long history and tradition. Mitsui’s management objective is to increase corporate value in a sustainable manner by meeting the expectations and trust of all of its stakeholders, including shareholders, business partners, employees, consumers and VISION VALUES regional communities, through officers and employees sharing the management philosophy, and by pursuing corporate social responsibility oriented management. Mitsui & Co., Ltd. 2-1, Ohtemachi 1-chome, Chiyoda-ku, MISSION Mitsui’s Mission Tokyo 100-0004, Japan Strive to contribute to the creation of a future where the aspirations of the people can be fulfilled. Tel: 81 (3) 3285-1111 VISION Mitsui’s Vision Aim to become a global business enabler that can meet the needs of our customers throughout the world. IR Contact Details Investor Relations Division VALUES Mitsui’s Values Facsimile: 81 (3) 3285-9821 Build trust with fairness and humility. Email: [email protected] Aspire to set high standards and to contribute to society. Embrace the challenge of continuous innovation. IR Website Foster a culture of open-mindedness. http://www.mitsui.com/jp/en/ir/ Strive to develop others and oneself to achieve full potential. CSR Contact Details Corporate Planning & Strategy Division Facsimile: 81 (3) 3285-9030 Email: [email protected] The status of the Company’s inclusion in the SRI Index United Nations Global Compact CSR Website Socially responsible investment (SRI) involves the selection of investment targets In October 2004, we pledged our support for the Global http://www.mitsui.com/jp/en/csr/ through the evaluation of corporations based on financial analyses and investment Compact, which is a set of autonomous principles for action standards, as well as on how well they fulfill their social and environmental respon- championed by the United Nations. Subsequently, we have sibilities. We have been selected for inclusion in two global SRI indexes—the been striving to implement and promote compliance with the CSR reporting was completed with reference to the FTSE4Good Global Index and the Dow Jones Sustainability World Index (DJSI principles in the four areas of human rights, labor standards, following guidelines: World). In addition, we are certified as one of the bronze class rated companies by environment and anti-corruption. GRI (Global Reporting Initiative), Sustainability Reporting RobecoSAM, which assesses and rates outstanding companies in terms of ESG Guidelines 3.0 (Environmental, Social and Governance) performance (as of March 31, 2013). Ministry of the Environment, Japan, Environmental Accounting Guidelines 2005 ISO 26000 (Guidance on social responsibility) ANNUAL REPORT 2013 117 Structure of this Annual Report 2013 1 Creating new value by pursuing businesses that meet society’s needs of the times Creating value through dynamic evolution of our business model by swiftly identifying the changing needs of the times and resolutely pursuing diverse business 2 with various capabilities Aiming to be a leading global business enabler, through Yoi-Shigoto (good quality work) with an emphasis on “quality of work” and “quality of profit,” as we work toward 3 the realization of the Long-term Management Vision We aim to demonstrate “Mitsui’s CSR” by continuously providing value to society through our core businesses and social contribution. Developing human resources and building and improving corporate governance and internal 4 control structures will provide the platform for such activities. Editorial Policy Mitsui issues its Annual Report as a comprehensive report to convey messages from management and to report on management strategies, key initiatives and business activities, as well as to explain how “Mitsui’s corporate social responsibility (CSR)” provides value to society through the Company’s core businesses, to all stakeholders. We hope this report will help explain the sustainable growth potential of our business activities, which are carried out with firm resolve and in the spirit of “Challenge and Innovation.” Please refer to our Annual Securities Report and other Mitsui publications for more detailed financial and other information about Mitsui. (Please refer to “Detailed Reports Issued by Mitsui” on the next page for more information.) A Cautionary Note on Forward-Looking Statements This Annual Report contains statements (including figures) regarding Mitsui & Co., Ltd. (“Mitsui,” “Mitsui & Co.,” “Company”)’s corporate strategies, objectives and views of future developments that are forward-looking in nature and are not simply reiterations of historical facts. These statements are presented to inform stakeholders of the views of Mitsui’s management but should not be relied on solely in making investment and other decisions. You should be aware that a number of important risk factors could lead to outcomes that differ materially from those presented in such forward-looking statements. These include, but are not limited to: (i) changes in economic conditions that may lead to unforeseen developments in markets for products handled by Mitsui, (ii) fluctuations in currency exchange rates that may cause unexpected deterioration in the value of transactions, (iii) adverse political developments that may create unavoidable delays or postponement of transactions and projects, (iv) changes in laws, regulations or policies in any of the countries where Mitsui conducts its operations that may affect Mitsui’s ability to fulfill its commitments, and (v) significant changes in the competitive environment. In the course of its operations, Mitsui adopts measures to control these and other types of risks, but this does not constitute a guarantee that such measures will be effective. CONTENTS 1 004 Mitsui’s History—Dynamic Evolution 006 Operations That Realize Synergies across Product Lines 007 Mechanism for Creating Value—Energy Business 2 010 Message from the CEO “Resolutely pursuing diverse business that creates new value” 012 Interview with the CEO 020 Interview with the CFO “While making active investments and loans, we will simultaneously deploy P.010 our financial strategy that targets positive free cash flow.” 024 Overview of Financial Results (Year Ended March 31, 2013) 026 Progress of the Medium-term Management Plan CHALLENGE AND INNOVATION 2014 P.020 028 SPECIAL FEATURE “Mitsui’s Challenge and Innovation” in Projects FOOD RESOURCES MEDICAL AND 029 1 ENERGY BUSINESS 032 2 BUSINESS 035 3 HEALTHCARE BUSINESS ©Anadarko Petroleum Corporation Detailed Reports Issued by Mitsui Financial Information CSR-related Information Annual Securities Report Sustainability Report The Annual Securities Report is prepared pursuant to Article 24, “Special Feature,” “Growth Strategy by Business” and “Sustainability” Section 1 of the Financial Instruments and Exchange Act and is of the Annual Report 2013 outlines the Company’s business activities required to be submitted to the Kanto Finance Bureau. Please refer to and activities directed toward corporate social responsibility. The this report for more detailed financial information. It is issued in late Sustainability Report provides a comprehensive update on our latest June of each year. activities and is issued in August of each year. Download from Download from http://www.mitsui.com/jp/en/ir/library/securities/ http://www.mitsui.com/jp/en/csr/csrreport/ 3 040 Iron & Steel Products Segment 074 Innovation & Corporate Development Segment 043 Mineral & Metal Resources Segment 078 Americas Segment 047 Machinery & Infrastructure 080 EMEA (Europe, the Middle East Segment and Africa) Segment 054 Chemicals Segment 081 Asia Pacific Segment 060 Energy Segment 082 Major Subsidiaries and Associated Companies 066 Lifestyle Segment 4 088 Corporate Governance and Internal Controls 090 Message from the Board of Corporate Auditors 095 Interview with the Chief Compliance Officer 096 ‌Mitsui’s Business Activities and Corporate Social Responsibility 098 Mitsui’s Environmental Initiatives P.095 100 Mitsui Is People—Human Resources to Translate into Assets 102 Mitsui’s Social Contributions 104 Directors and Corporate Auditors 105 Independent Directors / Auditors P.106 107 Consolidated Financial Statements 114 Results by Operating Segment 112 10-Year Financial Data (Including Sustainability Data) 115 Organization Chart 116 Corporate Information / Investor Information Mineral & Metal Resources and Energy-related Information Production & Reserve Report Corporate Brochure This detailed document provides an overview of our mineral & metal The Corporate Brochure is issued in eight languages. resources and energy businesses, including production volumes and Japanese, English, Chinese, Spanish, Russian, French, Arabic and Portuguese reserves, and contains supplemental information related to supply and demand. The Production & Reserve Report is issued in September of e-book each year. http://www.mitsui.com/jp/en/company/ebook/brochure_main/ Download from Download from http://www.mitsui.com/jp/en/company/brochure/ http://www.mitsui.com/jp/en/ir/library/supplementation/ ANNUAL REPORT 2013 001 Mitsui’s Various Capabilities
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