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.
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.
(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
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;
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 www.mitsubishicorp.com.
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
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