Dear Friends and Stakeholders,
It has now been three years since the Great East Japan Earthquake struck off the coast of Tohoku. On behalf of everyone in the MC Group, I would like to take this opportunity to once again express our heartfelt condolences and sympathies to all the victims.
This past January I was in Rikuzentakata City, where I observed efforts to move people's homes to higher ground and other rebuilding initiatives. When I saw how well things were coming along, I realized that Tohoku is now experiencing not so much a "restoration," but more of a "rebirth." I felt like I was witnessing the creation of a brand new city. Even so, a lot of people are still living in temporary housing, and the challenges ahead are many. Creating jobs and restoring people's quality of life are at the top of that list.
Immediately after the disaster, Mitsubishi Corporation established its ten billion yen East Japan Earthquake Recovery Fund. In addition to on-site relief work carried out by teams of employee volunteers, the fund covers emergency scholarships for university students whose education was interrupted by the disaster, as well as recovery support grants for NPOs and others involved in rebuilding the stricken areas. In March 2012, we set up the Mitsubishi Corporation Disaster Relief Foundation (MCDRF). The objective of the MCDRF is not to make donations, which can only have a temporary impact on the region's recovery, but rather to provide ongoing support for local industries and jobs creation. So far, MCDRF has either invested in or provided financial assistance to 31 businesses in the disaster area, many of which are now back up and running. These include a hotel (the MCDRF's first project), seafood operations, a shipbuilding company, farms, restaurants, and retail businesses.
Mitsubishi Corporation remains committed to rebuilding industry and helping to create jobs in the Tohoku region, our goal being to get as many people as possible back to work and enjoying improved livelihoods. By leveraging the MC Group's networks and know-how, we intend to increase our support to a level that will ensure growth in Tohoku.
President & CEO