Dear Friends and Stakeholders,
2014 is a significant year for Mitsubishi Corporation (MC). This year we celebrate our 60th anniversary since the re-merger of 1954. We have come a long way since then, but at this significant juncture in our history, we are more committed than ever before to ensuring that MC achieves dynamic and sustainable growth and continues to contribute positively to society.
Last year we released “New Strategic Direction”, MC's new corporate strategy. Recognizing that the conventional “present push” approach no longer suits our business model, the new strategy instead adopts a “future pull” approach, which goes beyond traditional three-year targets and sets out a longer term vision towards 2020.
As we look to the year ahead, my sense is that emerging economies will see a transition from high to stable growth, driven largely by domestic demand, and that the impact of the shale gas revolution in the US on the global economy will start to become more evident. We must keep a careful eye on how the economic and business climate evolves as this will have an impact on how we execute efforts to meet our targets.
Notwithstanding these realities, however, MC remains dedicated to achieving dynamic and sustainable growth. We are also committed to ensuring that our business activities continue to reflect our guiding philosophy, the "Three Corporate Principles", and help to solve problems while contributing to sustainable societal growth in Japan and around the world.