Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Business Collaboration between Shinkin Central Bank and Mitsubis

Business Collaboration between Shinkin Central Bank and Mitsubishi Corporation

Tokyo, July 30, 2013 - (JCN Newswire) - Shinkin Central Bank (SCB) and Mitsubishi Corporation (MC) have decided to collaborate together in the following four fields: "support for local enterprises", "financial business (investment)", "support for recovery in Tohoku region" and "human resource development and exchange". These cooperative efforts aim to contribute to local economic vitalization in Japan and acquire good investment opportunities both in Japan and overseas.

Through this partnership, as the central bank of Japan's 271 shinkin banks, SCB's strong relationship with local communities and access to local retail networks are expected to further integrate MC's experience and global network in a wide range of business areas.

Key Contents

Support for Local Enterprises

- The collaboration between SCB's local partners and MC Group companies is expected to provide solutions to help small and medium-sized companies rooted in the local economy cut costs and expand their markets. - Valuable information sources from SCB's strong relationship with local communities and MC's global network are expected to help local enterprises develop overseas business by arranging seminars and site visits.

Financial Business (investment)

- Through this collaboration, SCB and MC are going to implement step-by-step investments which focus on real asset areas such as real estate, transportation/shipping and infrastructure/energy. In addition, SCB is going to support local credit unions to participate in the financial side of regional infrastructure projects as a lead arranger.

Support for recovery in Tohoku region

- Strengthened financial support will be provided to small and medium-sized companies affected in the Great East Japan Earthquake. - Matching the use of MC's retail functions with SCB's broad local network is also expected to contribute to recovery in the Tohoku region.

Human Resource Development and Exchange

- Exchange of talented persons in the above fields is expected to provide know-how on a mutual basis.

Company Profiles

(1) Company profile of Shinkin Central Bank
Name:                  Shinkin Central Bank (SCB)
Representative:        Mitsuo Tanabe, President and CEO
Location:              3-7, Yaesu 1-chome, Chiyoda-ku, Tokyo, 103-0028, Japan
Date of Establishment: 1950
Business:              As the central bank of Japan's 270 shinkin banks
                       independent financial institution, SCB provides support
                       shinkin banks' financial services, activities in
support of
                       regional development and the management of small and
                       sized businesses, and over-the-counter sales of
                       trust fund products.
Total Assets:          30,185 billion JPY (as of March 31, 2013)
Number of Employees:   1,171 employees (as of March 31, 2013)

(2) Company profile of Mitsubishi Corporation

Name:                  Mitsubishi Corporation
Representative:        Ken Kobayashi, President and CEO
Location:              3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8086,
Date of Establishment: 1950
Business:              Mitsubishi Corporation (MC) has seven business groups
                       develop operations in a diverse variety of fields
                       Industrial Finance, Logistics & Development;
Energy; Metals;
                       Machinery; Chemicals; Living Essentials; and Global
                       Environment & Infrastructure. In addition to these
                       groups, MC has a business service group.
Capital:               204 billion JPY (as of March 31, 2013)
Number of Employees:   65,975 employees (as of March 31, 2013)

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit


Mitsubishi Corporation Tel: +81-3-3210-2171 Fax: +81-3-5252-7705

Copyright 2013 JCN Newswire. All rights reserved.

Provider ID: 00027147

Sponsored Links
Sponsored Links