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Corporate History

Pre-1970s

Mitsubishi Shoji Kaisha, now Mitsubishi Corporation, was founded as a trading company in 1954 and listed on the Tokyo Stock Exchange and Osaka Securities Exchange.

1970s

Through such activities as signing an LNG project purchase and sale agreement in Brunei in 1970 and commencing provision to electric power and gas companies in Japan in 1972, Mitsubishi commenced global expansion of a development and investment based business model transcending simple trading company activities. In 1971, the company adopted "Mitsubishi Corporation" (or Mitsubishi Shoji Kaisha, Limited) as its English name.

1980s

The business group framework became organized under the six groups of Fuels (which was renamed Energy Business in 2001), Metals, Machinery, Foods, Chemicals and Textiles & General Merchandise. In 1987, the Information Systems & Services Group was established. In 1989, the company was listed on the London Stock Exchange.

1990s

In 1996, the Living Essentials Group was established by amalgamating the Foods Group, and Textiles & General Merchandise Group. In 1998, Mikio Sasaki, the current chairman, was appointed president and he launched the three-year medium-term management plan MC2000, which was followed by MC2003, in 2001.

2000s

A six business group framework was established through the establishment in 2000 of the New Business Initiative Group and the reorganization in 2003 of the IT & Electronics Business Group's functions involving their integration with the New Business Initiative Group and Machinery Group. In the same year, the Shinagawa Office was completed. In 2004, Yorihiko Kojima was appointed president and he launched a new four-year medium-term management plan called INNOVATION 2007. In 2006, the new Marunouchi Head Office was completed. In 2007, the Innovation Center and the New Business Initiative Group were progressively reorganized, and integrated with other related groups to form the Business Innovation Group and the Industrial Finance, Logistics & Development Group—putting in place a seven business group framework.

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