Mitsubishi Corporation

Press Room

November 25, 2013
Morishita Suisan K.K.
The Bank of Iwate, Limited
The Tohoku Bank, Ltd.
Mitsubishi Corporation Disaster Relief Foundation

Mitsubishi Corporation Disaster Relief Foundation Supports Construction of New Fish Processing Plant in Ofunato, Iwate

Efforts at Morishita Suisan, a fish processing business operating out of Ofunato, Iwate, in northeastern Japan, continue towards recovering from the devastation caused by the 2011 Great East Japan Earthquake and ensuing tsunami. Through a 50 million yen contribution from the Mitsubishi Corporation Disaster Relief Foundation, provided in collaboration with The Bank of Iwate and The Tohoku Bank, the company has inaugurated the construction of a new seafood processing factory. Construction of the new factory is slated for completion next summer, and will enable the fish processor to expand production capacity and restore employment to pre-disaster levels. In addition, Morishita Suisan plans to enhance its product offerings, including frozen boiled and grilled fish, and take advantage of the fact that its factories operate under US-required HACCP certification to expand into overseas markets.
 
Headquartered in Ofunato City in Iwate Prefecture, Morishita Suisan’s Dai Ni Kojo factory and cold storage facilities handle the processing of saury, squid, mackerel and other types of fish. With an annual pre-disaster turnover of 1.2 billion yen and some 100 employees, the company’s distribution channels extended throughout Japan, but all its plant and cold storage facilities were completely destroyed by the tsunami. The company partially resumed production in July 2011 and has since been progressively rebuilding its production base.
 
Nearly a thousand days have passed since the Great East Japan Earthquake, but Rikuzentakata, which suffered immense damage from the tsunami, is still recovering from the disaster. The Mitsubishi Corporation Disaster Relief Foundation will continue to collaborate with local financial institutions such as The Bank of Iwate and The Tohoku Bank to support efforts aimed at employment creation and economic recovery in areas affected by the disaster.
Morishita Suisan Right After the Disaster
Image of New Morishita Suisan Factory
Reference Information
 
1.    Morishita Suisan K.K.
①    Headquarters:27-23 Aza Tanakajima, Sakari-cho, Ofunato-shi, Iwate, Japan
②    Date Established: August 2, 1982
③    Capital: 10 million yen
④    Business Activities:  Refrigeration, cold storage, processing, handling and sale of fish products
⑤    Representative: Mikio Morishita, President
 
2.    The Bank of Iwate, Limited
①  Headquarters: 1-2-3 Chuo-dori, Morioka-shi, Iwate, Japan
②  Date Established: May 2, 1932
③  Capital: 12 billion yen
④  Business Activities: Banking and other services
⑥     No. of Employees: 1,497
⑦     Representative:  Masahiro Takahashi, President and Representative Director
 
3.    The Tohoku Bank, Ltd.
①    Headquarters:  3-1 Uchimaru, Morioka-shi, Iwate, Japan
②    Date Established: October 7, 1950
③    Capital: 13.2 billion yen
④    Business Activities: Banking and other services
⑤    No. of Employees: 625
⑥    Representative: Arata Asanuma, President and Representative Director
 
4.    The Mitsubishi Corporation Disaster Relief Foundation
①    Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo
②    Date Founded:  March, 2012 (became a foundation May 2012)
③    Endowment:   6 billion yen
④    Purpose: To contribute to the recovery of regions affected by the Great East Japan Earthquake through the provision of scholarships and grants for NPOs and social welfare corporations, as well as for recovery of industry and job creation.
⑤    Representatives:
-       Chairman, Ken Kobayashi (President and CEO, Mitsubishi Corporation)
-       Deputy Chairman, Hideyuki Nabeshima (Senior Executive Vice President, Mitsubishi Corporation)
-       Executive Director, Yasuhiro Hirota (Senior Vice President; General Manager, CSR and Environmental Affairs Department, Mitsubishi Corporation)
 
 

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