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Last Updated:
2024-09-22 08:20:01

Mitsui & Co.

Japanese sogo shosha in Mitsui Group
Japanese sogo shosha in Mitsui Group

Mitsui & Co., Ltd., also known as Mitsui Bussan, is a major general trading company in Japan. It is a key member of the Mitsui Group.

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1876-07-01
Founding of Mitsui Bank

On July 1, 1876, Mitsui Bank was established as Japan's first private bank with Takashi Masuda as its president. It later became part of Sumitomo Mitsui Banking Corporation after a merger with Taiyō-Kobe Bank.

1878
Creation of Osaka Shosen Kaisha (OSK)

In 1878, Mitsui invested in maritime transportation by establishing Osaka Shosen Kaisha (OSK) to support its trading activities. This later merged with Mitsui Steamship to form Mitsui OSK Lines (MOL).

1900
Mitsui Zaibatsu Formation

In 1900, Mitsui Bank became the holding company of the Mitsui zaibatsu, joined by Mitsui & Co. and Mitsui Mining. This marked the consolidation of various industrial concerns under these companies.

1931
Mitsui Involvement in Gold Standard Withdrawal

During the UK's withdrawal from the gold standard in 1931, Mitsui Bank and Mitsui & Co. were implicated in speculation around the transaction. This led to political controversy in Japan and the assassination of Mitsui executive Takuma Dan.

1947
Integration of Daiichi Bussan Kaisha, Ltd. with other trading companies

In 1947, Daiichi Bussan Kaisha, Ltd. merged with other trading companies, including Mitsui & Co., leading to the formation of Mitsui & Co., Ltd.

1948
Tokyo War Crimes trials testimony on revenue from narcotization policy

Testimony at the Tokyo War Crimes trials in 1948 revealed that the revenue from the narcotization policy in China, including Manchukuo, was estimated to be between 20 million to 30 million yen per year, with another source stating the annual revenue was estimated at US$300 million a year.

1949
Establishment of Mitsui Fudosan Co., Ltd.

In 1949, Mitsui Fudosan Co., Ltd. was established with 3 million yen in capital, as the real estate division separated from the Mitsui Company and became wholly owned by the Mitsui family.

1956
Listing of stock

In 1956, Mitsui Fudosan Co., Ltd. listed its stock, marking a significant milestone in its corporate history.

1961
Liquidation and absorption of the Mitsui Company by Mitsui Fudosan

In 1961, Mitsui Fudosan completed the liquidation and absorption of the Mitsui Company, consolidating its position in the real estate sector.

1966
Established Mitsui & Co. (U.S.A.), Inc.

In 1966, Mitsui & Co. (U.S.A.), Inc. was established, marking a significant expansion of the Mitsui & Co. business operations into the United States.

1968
Completion of Kasumigaseki Building

In 1968, Mitsui Fudosan completed the iconic Kasumigaseki Building, the first skyscraper in Japan located in Tokyo.

1969
Start of construction and sales of detached houses

In 1969, Mitsui Fudosan initiated the construction and sales of detached houses, further diversifying its real estate offerings.

1971
Investment in Offshore Gas Field in Abu Dhabi

In 1971, the firm took a stake in an offshore gas field near Das Island in Abu Dhabi, which supplied liquefied natural gas to Japan exclusively.

1973
Establishment of Mitsui Fudosan America, Inc.

In 1973, Mitsui Fudosan expanded its operations internationally by establishing Mitsui Fudosan America, Inc. in the United States.

1974
Establishment of Mitsui Home Co., Ltd.

In 1974, Mitsui Home Co., Ltd. was established, further diversifying Mitsui Fudosan's presence in the real estate market.

1977
Publication of 'The 100 Year History of Mitsui & Co., Ltd.'

The book 'The 100 Year History of Mitsui & Co., Ltd.' was published by Mitsui & Co. in 1977, providing insights into the company's journey.

1980
Establishment of joint development system

In 1980, Mitsui Fudosan introduced the joint development system, a significant innovation in real estate development and collaboration.

1985
Investment in Western Australian LNG Project

In 1985, the firm invested in a major Western Australian LNG project, contributing to its involvement in natural resources projects.

1988
Completion of Ohtemachi Head Office building

The Ohtemachi Head Office building was finished, and the Head Office was relocated from Nishi-Shimbashi, Minato Ward to Ohtemachi, Chiyoda Ward.

1994-11
Establishment of Nitto Soko Co., Ltd.

Nitto Soko Co., Ltd. was established as a new spin-off company from Mitsui & Co., Ltd.'s warehouse division in November 1994.

2000
Acquisition of Mitsui Pharmaceuticals by Schering AG

In 2000, Mitsui Pharmaceuticals was acquired by the German Schering AG from Berlin.

2002
Start of Office Building Fund operation

In 2002, the Office Building Fund operation was initiated, marking the beginning of a strategic financial plan related to office buildings.

2003
Completion of 'Nakanoshima Mitsui Building' (Osaka)

In 2003, the construction of the 'Nakanoshima Mitsui Building' in Osaka was successfully finished, adding a significant landmark to the city's skyline.

2004
Completion of 'Nihonbashi 1-chome Mitsui Building (COREDO Nihonbashi)' (Tokyo)

The 'Nihonbashi 1-chome Mitsui Building' (COREDO Nihonbashi) was finalized in 2004, contributing to the urban development of Tokyo.

2005
Completion of 'Nihonbashi Mitsui Tower' (Tokyo)

The 'Nihonbashi Mitsui Tower' was completed in 2005, becoming a prominent structure in Tokyo's skyline and business district.

2006
Opening of 'Urban Dock LaLaport TOYOSU' (Tokyo)

In 2006, 'Urban Dock LaLaport TOYOSU' was opened in Tokyo, offering a mix of shopping, dining, and entertainment options for visitors.

2007-10-01
Inauguration of Mitsui & Co. Steel Ltd.

On October 1, 2007, Mitsui & Co. Steel Ltd. was inaugurated after changing its trade name from Mitsui & Co. Steel Construction Material Ltd. This marked a significant event in the company's history.

2008-04-01
Trade Name Change of Mitsui & Co. Steel Ltd.

On April 1, 2008, Mitsui & Co. Steel Ltd. changed its trade name from Mitsui & Co. Steel Construction Material Ltd. This change reflected a strategic shift or rebranding within the company.

2009-04
Merger of Kyogi Soko Co., Ltd. and Toshinsoko, Ltd.

In April 2009, Kyogi Soko Co., Ltd. and Toshinsoko, Ltd. merged to form a new entity named Tri-net Logistics Co., Ltd.

2010-09-01
Relocation of Mitsui & Co. Ltd. Head Office

On September 1, 2010, Mitsui & Co. Ltd. relocated its head office to Akasaka Biz Tower in Akasaka, Minato-ku, Tokyo.

2011-05
Settlement with BP over Deepwater Horizon Well

In May 2011, MOEX Offshore, a subsidiary of Mitsui Oil Exploration, agreed to pay US$1.07 billion to settle BP claims related to the Deepwater Horizon well explosion and oil spill in the Gulf of Mexico.

2012-07-01
Establishment of Automotive Steel Unit

On July 1, 2012, a new Automotive Steel Unit was established as a result of business restructuring with the Iron & Steel Products Business Unit of Mitsui & Co., Ltd.

2013-04-01
Establishment of Ferrous Raw Materials Unit

Took over steel scrap business activities from Mitsui Bussan Metals Co., Ltd. and established a new Ferrous Raw Materials Unit.

2014-10-01
Establishment of Global Infrastructure Steel Business Division

On October 1, 2014, a new Global Infrastructure Steel Business Division was established.

2014-11-01
Formation of Metal One Mitsui Bussan Resource & Structural Steel Corporation

On November 1, 2014, the domestic construction materials business and metal scrap business of Mitsui & Co. Steel Ltd. were integrated with all businesses operated by Metal One Structural Steel & Resource Corporation to create Metal One Mitsui Bussan Resource & Structural Steel Corporation.

2015-04-01
Splitting of Steel Plate & Sheet Unit

On April 1, 2015, the Steel Plate & Sheet Unit was divided into two new units: Steel Plate & Pipe Business Unit and Steel Sheet Business Unit.

2016
Opening of MITSUI OUTLET PARK LINKOU

In 2016, MITSUI OUTLET PARK LINKOU was opened in Taiwan, providing a new retail destination for shoppers in the region.

2017-04-01
Transfer of Tinplate Domestic Sales Business

The tinplate domestic sales business is moved from Mitsui & Co., Ltd. to the newly formed Steel Sheet Business Unit.

2018-04-01
Establishment of Flat Steel Products Global Trade Unit

On April 1, 2018, the Flat Steel Products Global Trade Unit was created, taking over the export business of Hot Rolled & Cold Rolled Steel, Tin Mill Products, and Electrical Steel from Mitsui & Co., Ltd.

2019-11
Transfer of Mitsui & Co. Overseas Companies' Shares to MGL

In November 2019, shares of Mitsui&Co.Global Logistics(Shanghai)Ltd. and Mitsui&Co.Global Logistics&Insurance(Thailand)Ltd. were transferred to MGL, making these companies subsidiaries of MGL within the Mitsui & Co., Ltd. Group.

2020-10-01
Establishment of Energy Steel Products Unit at Mitsui & Co., Ltd.

On October 1, 2020, the newly established Energy Steel Products Unit was transferred from Mitsui & Co., Ltd. This unit focuses on energy materials used for oil and gas development, production, and transportation.

2021-05
Establishment of Mitsui & Co. Global Logistics (Vietnam) Company Limited

In May 2021, Mitsui & Co. Global Logistics (Vietnam) Company Limited was established in Vietnam.

2022-07-01
Opening of Mitsui Garden Hotel Kashiwa-no-ha Park Side

Mitsui Garden Hotel Kashiwa-no-ha Park Side, a hotel supporting cancer treatment with 145 rooms, is set to open on July 1, 2022.

2025
Formulation of VISION 2025 by Mitsui Fudosan Group

Mitsui Fudosan Group introduced their long-term vision 'VISION 2025' in Tokyo, outlining their strategic goals and objectives for the future.

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Mitsui & Co.
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