Marubeni

Overview

Marubeni Corporation

native name	丸紅株式会社
romanized name	Marubeni kabushiki-gaisha
type	Public
traded as	tyo: 8002
location city	Chiyoda, Tokyo
location country	Japan
key people	Fumiya Kokubu (chairman) Masumi Kakinoki (president and CEO)
industry	General trading company
revenue	¥6,332 billion (Mar. 31 2021)
net income	¥225 billion (Mar. 2021)
assets	¥6,938 billion (Mar. 2021)
equity	¥1,912 billion (Mar. 2021)
num employees	45,470 including subsidiaries (Mar. 2021)
homepage	marubeni.com
former name	Marubeni-Iida (1955–1972)
owner	The Master Trust Bank of Japan Ltd. (Trust Account) (15.43%) Custody Bank of Japan, Ltd. (Trust Account) (6.86%) BNYM AS AGT/CLTS NON TREAT JASDEC] (6.01%) Meiji Yasuda Life Insurance Company (2.41%) Mizuho Bank, Ltd. (1.73%) STATE STREET BANK WEST CLIENT-TREATY 505234 (1.52%) The Dai-ichi Life Insurance Company (1.35%) JPMorgan Securities Japan Co., Ltd.(1.23%) (1.35%)
foundation	1858

Marubeni Corporation (丸紅株式会社) (tyo: 8002, OSE: 8002, NSE: 8002) is a sōgō shōsha (general trading company) headquartered in Otemachi, Chiyoda, Tokyo, Tokyo, Japan.[1] It is one of the largest sogo shosha and has leading market shares in cereal and paper pulp trading as well as a strong electrical and industrial plant business.[2] Marubeni is a member of the Fuyo keiretsu.

History

Marubeni was founded in 1858, where the founder Chubei Itoh moved out of the family business and started a linen trading business with his uncle. It was established in 1918 as Itochu Shoten, Ltd. in a spin-off of certain sales divisions of C. Itoh & Co. (Itochu) into a separate entity. Itochu Shoten merged with Itoh Chobei Shoten in 1921 to form Marubeni Shoten, Ltd. under the leadership of Chobei Itoh IX.[3] Marubeni started out as a textile trading firm and expanded to trade in other consumer and industrial goods during the 1920s.

Business

Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, ICT & real estate business, forest products, food, agri business, chemicals, energy, metals & mineral resources, power business, infrastructure project, aerospace & ship, finance & leasing business, construction, industrial machinery & mobility, and next generation business development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.

Marubeni's business is organized in six groups (as of March 2022):

Consumer Products Group – Lifestyle, ICT & Real Estate, Forest Products. Trades in apparel, functional materials and rubber, and provides logistics, insurance, finance, real estate services, pulp and paper. Has a strategic partnership with Want Want China.[19]

Food, Agriculture & Chemicals Group – Food, Agri Business, Chemicals. Trades in grain and food products, distributes solar panels and energy storage units. One major unit is the Helena Chemical Company, the second-largest agricultural chemical distributor in the US, which Marubeni acquired from Bayer in 1987.[20]

Energy & Metals Group - Trades in oil, gas, nuclear fuel, iron, steel, and other metals and minerals.[21]

Power Business & Infrastructure Group - Develops power plants, environmental plants, marine projects, industrial plants and transport infrastructure. Projects include the Westermost Rough Wind Farm in the UK, FSRU and FPSO projects in South America, and operation of the G:link light rail in Australia.[22]

Transportation & Industrial Machinery, Financial Business Group - Trades in aircraft (Aircastle), ships, automobiles, and construction and industrial machinery.[23] The Marubeni Aerospace Corporation is a major component of this group, making up part of the group's Aerospace & Ship Division . MAC was formed in 1998 when Marubeni acquired the trading rights and other assets of the former aerospace division of Okura & Co., Ltd. (Okura Aerospace Co., Ltd.) In 2000, Marubeni obtained UK based Automotive dealer group, the RRG Group.[24]

Marubeni

History

Offices

Business

Notable people

Scandals and incidents

External links

References