corporate profile 2021
TRANSCRIPT
Corporate Profile
2021
Nihonbashi 1-chome Bldg., 16F-18F4-1, Nihonbashi 1-chome, Chuo-ku,Tokyo, 103-8247, Japan
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Our Company Logo Our company logo, a bird, expressed with the brilliant orange of hot melting iron, symbolizes the enthusiasm and eternal energy we bring to the iron and steel industry. The creature, gazing up all the sky and ready for flight, represents our company’s eagerness to take bold leaps together with our customers.
MISI Corporate PhilosophyOn the twentieth anniversary of our inception as a corporate entity in October of this year,
MISI has revised its corporate philosophy as described below.
Marubeni-Itochu Steel Inc. (MISI) was launched in October 2001 through a joint incorporation-type company split, engineered by spinning off the steel product divisions of two top-ranked general trading companies. Over the years since, we have continued to mobilize our integrated strength as a general trading company, raising the caliber of added value and services throughout all transactions and business endeavors, and excelling as a corporate entity fully attuned to the needs of our customers. Thanks to the invaluable support of our stakeholders, MISI has succeeded in steadily expanding the sphere of our business operations.
Fiscal 2021 marks the milestone twentieth year since MISI became a corporate entity. We are, however, entering an era in which the paradigms defined to date no longer align with the times. Taking this reality to heart—and to ensure that we can continue to furnish premier products and services to our customers over the decades to come—MISI is determined to boldly take the initiative to meet the changes we face, and profoundly reflect on our special roles and responsibilities.
Toward that end, we vow to maintain the uncompromising pioneer spirit that has defined the company since its establishment. That spirit refers to the combination of steadfast efforts to evolve and expand as a frontrunner in steel distribution, create new value that leads to a brighter future for our customers, and work together with our stakeholders to realize a more fruitful society.
Our seventh mid-term management plan, which will guide us through the next three years, commences in fiscal 2021. Under the motto “MISI as Resilient towards 2023,” we will strive to achieve these three core measures: prepare (reinforce our earnings base); enrich (foster our competitive advantage); and cultivate (strengthen our human resources).
The onset of the coronavirus pandemic triggered numerous changes in the industrial environment surrounding our company, as well as in the social fabric at large. Against this backdrop, we are striving to achieve the profitability and cost-competitiveness that are crucial to advancing and prospering in this fiercely demanding new age.
MISI will spare no time or effort in our continuing drive to value the essential bonds with the world around us. This consists of fulfilling our social duties as a responsible corporate entity, working through the steel distribution sector to boost respect for the environment, enhance compliance, devise fruitful social contribution initiatives and advance on other critical fronts.
With this pledge foremost in mind, I respectfully ask for your redoubled support for and guidance of Marubeni-Itochu Steel Inc. as we commence our landmark twentieth year.
April 2021
Tatsuhiko ToshitaPresident and CEO
Message from the President and CEO MISI Now and into the Future
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2020 TOPICS
Fiscal 2021 marks the launch of our seventh medium-term management plan —a blueprint designed to guide MISI through the coming three years. Under the defining motto “MISI as Resilient towards 2023,” we will strive to achieve three core measures: prepare (reinforce our earnings base), enrich (foster our competitive advantage); and cultivate (strengthen our human resources).
Seventh Medium-Term Management Plan Commences in FY2021
MISI TOPICS
Equity Investment in Yamato Special Steel On May 1, 2020, Yamato Special Steel Co., Ltd.—a major processor and distributor of specialty steel—became a wholly-owned MISI subsidiary via the special purpose company (SPC) format.MISI intends to use Yamato Special Steel to heighten our Group presence in the specialty steel realm by joining the company with Marubeni-Itochu Specialty Steel Corporation and Benichu Steel Inc. Mobilizing the firm’s key capabilities related to high-precision processing, the goal is to expand into domains where growth is projected—such as in robots, semiconductor devices and other areas—over the coming generation. By advancing the company’s technological strengths on a global basis, MISI aims to solidly support overseas expansion by our customers.
Equity Investment in SUNCALLOn March 5, 2021, MISI acquired the equivalent of 12 percent of SUNCALL CORPORATION stock from ITOCHU Corporation (investment value of approximately ¥1.8 billion).As we prepare for the emerging mega-shift to electric vehicles, we are determined to strengthen and refine our supply chain by beefing up partnerships with manufacturing concerns that are highly capable technologically. Our decision to bolster working ties with Suncall is designed to essentially fuse that company’s major existing customer base with the functions and demands of MISI Group companies. The ultimate goal is to capture demand and raise our corporate presence in the increasingly electrified global automobile market, while also contributing to the redoubled growth of the auto industry.
Acquisition of KS Summit Steel On June 1, 2021, Benichu Coil Center Kanto Inc. acquired 100 percent equity in KS Summit Steel Co., Ltd. from Sumitomo Corporation and Summit Steel Co., Ltd. Through this strategic move, Benichu Coil Center Kanto now has a three-plant system that can provide more precise, tailored responses to customer needs. The company will leverage the synergy generated on the processing facility front. It also aims to streamline logistics and optimize management resources, powering up the quest to fortify service functions and raise customer satisfaction.
We integrate the transportation know-how, robust infrastructure and solid services of all MISI Group companies, and have all the right people and support functions in the right places. This is critical to ensuring the optimal distribution so critical in today’s accelerating wave of globalization, and to effectively realizing the streamlined “just-in-time” supply network our customers demand.
By mobilizing the vast pool of business data and constantly evolving IT advances for which MISI possesses, we progressively envision new services that address the emerging demands of the digital age. This contributes to stronger overall supply chain functions, enhanced market competitiveness and greater business efficiency.
Based on our stellar creditworthiness and extensive sources of funding, we merge sound information gathering and analysis capabil-ities that leverage our domestic and overseas networks with steadfast credit management functions. This topflight combination supports proposals of the soundest and most efficient financial plans for each customer.
We engage in a diverse range of businesses in Japan and overseas. That includes steel processing businesses such as service center business or plate cutting; high-spec processing business to meet requirement from customers such as pipe threading or accessory manufacturing. As a result, we provide a superlative supply chain that ensures high-value-added services.
Our solid global business foundation and vast operations network span every region of the world, making us a partner capable of delivering all the functions, information and other key assets our customers require to succeed in their business endeavors.Network
Our groups of experts specializing in the legal, social infrastructure, taxation, trade and other types of risk encountered around the world identify specific vulnerabilities. Based on their findings, we furnish advice and proposals on key points of scrutiny, optimal business models and other support to help customers expand their commer-cial operations.
IT Solution
▶ The global network expected of an integrated steel trading company▶ Achieving strong international competitiveness
▶ Energetically developing a diversified range of businesses in Japan and overseas▶ Producing and providing high-value-added products
▶ Basing supply chains on customers’ needs
▶ Providing extensive knowledge of funding procurement to help customers launch new ventures▶ Compiling financial plans through reliable data collection, analysis, and screening
▶ Supplying Cutting-Edge Functions for the Digital Age
Domestic andforeign steel
manufacturers
▶ Expert groups assess diversified risks to propose optimal business models
Automotive
Construction products
Heavy electric equipmentand consumer electronics
Energy plants
Civil engineering
Shipbuilding
Domestic andforeign users
Business Management
Risk Management
Logistics
Financial Support
Business Model
MISI excels as a premier steel distribution professional. By pooling the resource of the Group’s business bases and subsidiaries, we raise the quality and scale of our supply chain to furnish customers with high-value-added solutions.
MISI was formed by spinning off and merging the steel divisions of two general trading companies, ITOCHU Corporation and Marubeni Corporation. The roots and shared business doctrines of these parent firms spring from Chubei Itoh, a fabled merchant from Japan’s old Omi region, who launched the forerunners of both businesses. This background paved the way for the fusion of these two commercial cultures in pursuit of new corporate value. Within steel distribution—a sector where demand continues to steadily diversify—our goal is to continue to refine the increasingly high specialization required of trading companies. This includes expert mobilization of global information networks operated by general trading firms as we strive to realize redoubled growth for our stakeholders.
MISI is an integral link between customers and suppliers. Using our cutting-edge domestic and overseas information networks, we integrate the various functions customers demand, efficiently supplying crucial steel products around the world.
The Strengths of Beingan “Integrated” Steel Trading Company
Responding toEvery Customer’s Needs
Contributing to redoubled global growththrough comprehensive solutionsfor steel distribution challenges.
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As steel distribution professionals, we create new business through an organizational systembased on sales divisions that focus on specific functions
The Strength of Our Division-Based System
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Maximizing Processing Functionsto Add Value to Steel Sheet Productsfor a Broad Range of Applications
Stable Supply of Steel toBuild World's Infrastructure
Product LinesProduct Lines Product LinesProduct Lines Product LinesHot-rolled steel sheets, cold-rolled steel sheets, coated steel sheets, electrical steel sheets,stainless steel, titanium,copper alloy tubes, stainless steel clad plates, and various new materials
Plates, bars, shapes, rails, pipe, piles, other structural steel,slabs, billets, blooms, other semi-finished products,and clad steel
Iron & Steel Division-Ⅲ
Iron & Steel Division-Ⅰ
Enhancing the Coil Center Business andSteel Distribution Functions toBetter Respond to Customer Needs
Iron & Steel Division-III supplies steel sheets and stainless steel products to a wide range of industrial sectors closely linked to everyday life. Examples include domestic consumer electronics, household equipment, steel furniture, onboard components for vehicles, railroad cars and more. Taking full advantage of the processing capacity and networks that MISI subsidiaries offer, we supply customers both in Japan and overseas with topflight high-valued-added steel products.
Strategic Partner for Top Global Manufacturersin Shipbuilding, Heavy Electric Equipment,Construction Machinery and Infrastructure Facilities
lron & Steel Division-l supplies wide range of steel products used in shipbuilding, plants, construction and industrial machinery, infrastructure facilities and many other key fields in Japan and overseas.By leveraging our connection with our processing and sales bases, we satisfy the diverse needs of our customers in steel plate cutting and molding, inventory management, transport and other key sectors.
Global Sales of High-Performance Products in Diversified Fields
We supply high-performance stainless steel, titanium and nickel-alloy products possessing high corrosion resistance, heat resistance, strength and other attributes to meet needs in diversified fields worldwide. These products excel in the harsh environments and conditions faced by core industries producing aircraft, ships, vehicles, semiconductors, batteries, exhaust systems, seawater desalination systems, floodgates and other crucial products.
Supplying Steel Products to SDG-Related Fields
We are a major supplier of steel products used to make railway tracks and bridges, construction machinery that are mission-critical for resource development, offshore structures and fields that are related to the UN’s Sustainable Development Goals (SDGs), which now draw global attention. For SDG-related uses, we furnish steel products and engage in product processing to proving tests for floating offshore wind turbines conducted in Japan. We will continue to contribute to the advanced initiatives made in the field of global energy, both domestically and internationally. We also export high-quality rails with especially high wear resistance for use in overseas mine railways.
Supporting Global AutomobileProduction throughMeticulous Service
Designing the Energy Business to Realize a Carbon-Neutral World
A Powerhouse of Steel Sheets Global Trade and Tinplate Supply
Automotive steel sheet (hot-rolled steel sheet, cold-rolled steel sheet and coated steel sheet), and materials used to produce automobiles, construction machineries and industrial machineries (including specialty steel, wire rod, stainless steel and aluminum)
Slabs, hot-rolled steel sheets, cold-rolled steel sheets,coated steel sheets, tinplate, tin-free steel
OCTG, line pipe, clad steel pipe, structural pipe, ductile iron pipe, specialty pipe and tubes,general piping, mechanical structural tubes, stainless steel pipe, etc
Automobile Steel Products Division
Iron & Steel Division-Ⅱ
Tubular Products Division
Increasing Customer Satisfaction
The Automobile Steel Products Division’s top priority is pioneering solid ties of trust with both our customers and suppliers. Establishing supply systems keenly attuned to customer needs and supplying information that raises supplier production efficiency, we make every effort possible to raise the caliber of operations and expand transaction volume.
Our Firm Sales Network Across the Globe
The Overseas Steel Sheets Department specializes in global trade of steel sheets. Taking full advantage of our global network of customers, branches and partners, we pursue to be a top player in transaction volume. Our diverse investment overseas also strengthens our value chain, of which one significant model being our integrated supply chain in Thailand, which covers from hot rolled steel sheet production to steel sheet processing within the country.
Playing a Role in the Stable Supply of EnergyTransporting Energy from Earth to Consumer
The Tubular Products Division contributes to the stable and efficient operations of its customers in energy development, civil engineering and construction, machinery manufacturing, and other major industries by supplying all varieties of steel pipe and incidental services. In addition to oil and natural gas development, MISI focuses on fields such as renewable energy and carbon capture and storage, contributing to the coming eco-friendly carbon-neutral world.
Expanding Business Domains
To address changes in the rapidly evolving automotive industry, our division launched a new business unit to create new business endeavors focused on electric vehicle (EV) relating demands. The volume of alminium product we deal with is rising thanks to partnership with our shareholders. MISI subsidiaries in Japan and China are also pursuing aluminum blank processing operations.
Leader of Tinplate and Tin-Free Steel Trading
Tin Mill Products Department specializes in material supply to container industries in Japan and globally. As an industry leader in transaction volume both domestically and export-wise, we are a trusted partner from both customers and steel mills.In Japan, our tin plate business reaches beyond the mere supply of materials and provides one-stop operations up until printing and can manufacturing.
Providing Integrated Management Services for Oil and Gas Field Extraction
Crude oil and natural gas resources often lie thousands of meters beneath the Earth’s surface. MISI provides globally integrated management services, contributing to oil and gas development. This platform includes recommending optimal materials for use in oil country tubular goods (OCTGs), as well as the procurement of OCTGs that meet the needs of specific excavation plans and incidental services that include storage, processing, inspections and repairs.
Strengthening Global Supply Systems
Aligned with the global expansion of our customers, we are extending our steady steel products supply system we created in Japan. In India, we are expanding existing processing bases and building new bases to expand transaction volume. A new business unit specialized in china market was established in the division to devise strategies for the china domestic market and to capture demands there.
Support Massive Infrastructure Projects Like Oil and Gas PipelinesPipelines link sites producing oil and gas to consumption markets. Laid from ocean floors and mountainous districts, these pipelines form mammoth infrastructures that often span distances of several thousand kilometers. MISI integrates the procurement, financing and logistics of supplying high-performance steel pipe to local sites, capably supporting optimal energy transport and routing.
Photo courtesy of Fukushima Offshore Wind Consortium
Photo courtesy of Nippon Sharyo., Ltd.
Mobilizing a Worldwide Network
Overseas SubsidiariesIntegrated Steel Product Service Providers Responsive to Changing Global Needs
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North / Central / SouthAmerica
Marubeni-Itochu Steel America Inc.(MISA) New York, Los Angeles, Houston, Cincinnati, Nashville, Chicago, Detroit, Portland Marubeni-Itochu Steel Canada Inc.(MISC) Vancouver, TorontoMarubeni-Itochu Steel Mexico, S.A. de C.V. Mexico City, QueretaroMarubeni-Itochu Steel Brasil Ltda.(MISB) Sao Paulo
Europe / Africa / CIS Marubeni-Itochu Steel Europe GmbH.(MISEA) Dusseldorf, London, JohannesburgMarubeni-Itochu Steel Inc. Istanbul, Moscow
Middle East Marubeni-Itochu Steel Inc. Abu Dhabi, Dubai (Jebel Ali), TehranAsia / Oceania Marubeni-Itochu Steel Pte.Ltd.(MISP) Singapore, Yangon, Manila
Marubeni-Itochu Steel Pte Ltd. Bangkok Branch. BangkokMarubeni-Itochu Steel Vietnam Co., Ltd.(MISV) Hanoi City, Ho ChiminhMarubeni-Itochu Steel India Pvt. Ltd.(MIIP) New Delhi, Chennai, MumbaiMarubeni-Itochu Steel (M) Sdn Bhd.(MISM) Kuala LumpurPT Marubeni-Itochu Steel Indonesia. Jakarta, SurabayaMarubeni-Itochu Steel Oceania Pty Ltd.(MISO) Melbourne
Korea Marubeni-Itochu Steel Korea Ltd. Seoul, BusanTaiwan Taiwan Marubeni-Itochu Steel Enterprise Co., Ltd. Taipei, KaohsiungChina Marubeni-Itochu Steel (Shanghai) Co.,Ltd. Shanghai, Beijing, Guangzhou, Dalian, Wuhan, Hong Kong
Overseas Subsidiaries and AffiliatesNorth America
U.S.A. Clarkwestern Dietrich Building Systems LLC Manufacturing and sales of sheet construction materials and steel framingGB Premium OCTG Services LLC Running Supervision ServiceMarubeni-Itochu Tubulars America, Inc. Sales of tubular productsMISA Metal Fabricating, Inc. Plate cutting and weldingMISA Metal Processing, Inc. Processing of steel sheetsPetro Amigos Supply, Inc. Sales of tubular productsQuality Edge, Inc. Manufacturing and sales of homebuilding materialsRSDC of Michigan, L.L.C. Processing of automotive steel sheetsSooner Inc. OCTG sales and distribution services for the oil and gas industries
Canada Hallmark Tubulars Ltd. Sales of tubular productsMarubeni-Itochu Tubulars Canada Ltd. Sales of tubular products
Mexico MARUICHIMEX S.A. DE C.V. Manufacturing and sales of steel pipe for vehicleand parts manufacturers
MI Metal Processing Mexicana S.A. de C.V. Processing and sales of automotive steel sheetsMISA-National Metal Processing, S.A. de C.V. Processing and sales of steel sheets
Europe, Africa,Middle East,CIS
U.K. Hunting Energy Services (UK) Ltd. OCTG thread cutting and salesMarubeni-Itochu Tubulars Europe Plc. Sales of tubular products
Spain Tubos Reunidos Premium Threads S.L. Manufacture and sale of seamless steel pipe
UAE AL GHARBIA PIPE COMPANY LLC Manufacturing and sales of large-diameter pipes for use in oiland gas transport pipelines
Marubeni-Itochu Tubulars Middle-East, LLC Sales of tubular productsAsia China Changchun Hongzhong Steel Processing Co., Ltd. Processing and sales of steel sheets
China Railway Yihong Steel Sheet Pile Co., Ltd. Leasing and sales of steel materials for temporary worksDalian Tengyang Steel Processing Co., Ltd. Processing and sales of electrical sheets and other productsEuro-MISI Laminations (Jiaxing) Co., Ltd. Manufacturing and sales of laminations productsJiaxing Hongzhong Steel Processing Co., Ltd. Processing and sales of electrical sheets and other products
Jiaxing JFE Precision Steel Pipe Co., Ltd. Manufacturing and sales of Small diameter electric resistancewelded steel pipe and Cold drawn steel pipe
Julong Steel Pipe Co., Ltd. Manufacturing and sales of large diameter welded pipeMI BAO Metal Processing Zhengzhou Co. Ltd. Processing and sales of steel sheetsMI Steel Processing Guangzhou Co., Ltd. Processing and sales of automotive steel sheetsMIZ Metal Product Wuhan Co. Ltd. Processing and storage of automotive steel plate and aluminum coil
PCMI METAL PRODUCTS (CHONGQING) CO., LTD. Processing and sales of blanking and TWB products for the automotive industriesl
Shanghai Rihong Steel Sheets Processing Co., Ltd. Processing and sales of steel sheetsRuima-Maruken (Anhui) ConstructionProtecting Technology Co., Ltd.
Processing and sales of steel products, and constructionand leasing of steel bracing
India Caparo MI Steel Processing Pvt. Ltd. Processing and sales of automotive TWB productsJSW MI Steel Service Center Private Limited Processing and sales of steel sheetsMagnum MI Steel Private Ltd. Manufacturing and sales of pipe; processing and sales of steel sheetsMI Electrical Steel Processing India Pvt. Ltd. Slit processing of non-oriented electrical sheets and the manufacture of motor cores
Indonesia P.T. KYB Hydraulics Manufacturing Indonesia Manufacturing and sales of hydraulic cylinders for use in construction machineryP.T. PK Manufacturing Indonesia Manufacturing and sales of construction machinery cabins and truck partsP.T. POSMI STEEL INDONESIA Pressing, painting, welding, assembly and sales of steel sheetsP.T. Sermani Steel Processing and sales of galvanized steel sheetsP.T. Telaga Mas Mulia OCTG thread cutting for oil companiesP.T. United Steel Center Indonesia Processing and sales of steel sheets
Malaysia Anshin Precision Industries Sdn. Bhd. Metal stamping, welding of steel shets and mold buildingMITA Oilfield Services (M) Sdn.Bhd. Processing and sales of tubular productsSobena Offshore Inc. Sdn.Bhd. Processing and sales of tubular products
Pakistan MID Pakistan Coil Center (Private) Ltd. Processing and sales of steel sheetsPhilippines MM Steel Service Center Corporation Processing and sales of steel sheetsSingapore Marubeni-Itochu Tubulars Asia Pte. Ltd. Sales of tubular productsThailand Marubeni-Itochu Tubulars (Thailand) Ltd. Sales of tubular products
Premium Steel Processing Co., Ltd. Processing and sales of steel products; manufacturing and sales of pipeThai Cold Rolled Steel Sheet Public Co., Ltd. Manufacturing and sales of cold rolled steel sheetsThai Steel Sales Co.,Ltd. Sales of cold rolled steel sheetsUnited Coil Center Ltd. Processing and sales of steel sheets
Vietnam Kyoei Steel Vietnam Company, Ltd. Manufacturing and sales of steel products to constructionPetrovietnam Drilling Tubulars Management Co., Ltd. OCTG sales and services (including thread cutting)
Oceania Australia Marubeni-Itochu Tubulars Oceania Pty. Ltd. Sales of tubular productsTotal Steel of Australia Pty. Ltd. Cutting and sales of plates; sales of other steel products
An Integrated Steel Product Service Provider Seeking to Meet the Needs of Asia and Oceania’s Rapidly Growing Steel Industries
Seizing New Opportunities in China, a Market Accounting for Half of Global Steel Production, through the Strength of Japanese Companies and Teamwork with Subsidiaries
Marubeni-Itochu Steel Pte.Ltd.(MISP)
Marubeni-Itochu Steel (Shanghai) Co., Ltd.
Strengthening a Solid Network by Investing in Construction-Related Management Resources
Taking on Complex Challenges in Both Europe’s Rapidly Changing Market and Ongoing Growth in Africa’s Market
Marubeni-Itochu Steel America Inc.(MISA)
Marubeni-Itochu Steel Europe GmbH.(MISEA)
MISA operates eight sales offices in the United States, two in Canada, and two in Mexico. Our subsidiaries include ClarkDietrich Building Systems, the industry’s leading manufacturer of steel framing. We are moving to expand our operations in both residential and nonresidential construction—two fields projected to enjoy growth.
Europe is in the midst of a major upheaval characterized by the realignment of major steel manufacturers, robust responses to c l imate change, and other dynamic developments. Africa is sustaining solid growth on the strength of its increasing population, although that is being undermined by foreign currency shortages. Both markets therefore present high potential and risk. Marshaling the strong foundations it has built up in these markets over the years, MISEA is seeking renewed progress with an eye on the future after instituting changes and carrying on the crucial quest to excel on the two pivotal fronts of trade and investment.
Due to the economic growth of ASEAN countries, steel consumption is growing and local steel companies are continuing to show remarkable growth. MISP is shifting from transactions focused on importing products from outside the region to transactions based on local production and local consumption, and focusing on distribution within the ASEAN region, which is expected to continue to expand. We will pour more effort into develop new local customers and invest in other promising growth fields.
Once a net importer of steel, China now ranks as the world’s largest steel producer. That robust growth reaches across China’s borders, steadily expanding into Asia and other regions. Dynamic and ongoing changes affecting China’s steel industry include steelmaker realignment and consolidation; the transition to smarter, more advanced production technology; and expanding demand related to China’s Belt and Road Initiative. We are channeling major energies into partnering with our branches and subsidiaries throughout China, gearing up to win a larger piece of steel demand in this massive market.
MISI carries out sales activities in over eighty nations, including the commissioned bases of its shareholders. Taking maximum advantage of this worldwide network, we use a resourceful integration of information, logistics, finance and human resources to produce optimal responses to customer business needs.
companies
locations
locations
locations
Group Subsidiaryand affiliates: 110
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MISI overseas branchesand offices:
MISI Group companies
Business bases ommissioned to MISI shareholders:
Tokyo Head Office
OSAKA Division NAGOYA Branch
CHUGOKU Branch KYUSHU Branch
HOKKAIDO Branch TOHOKU Branch
NIIGATA Branch HOKURIKU Branch
SHIKOKU Branch
KIMITSU Branch YAWATA Branch
OITA Branch
Domestic BranchesHandling Regional Steel Demand from Japanese Manufacturers
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Domestic NetworkSubsidiaries And Affiliated Companies
The Osaka Division sells varieties of sheets, stainless steel, bars, wire rods, plates, and pipe to major appliance, automobile, and steel furniture manufacturers, coil centers, drawing wire manufacturers (fabricator) and distributors, mainly in the Kansai region. In addition, the Osaka Division handles bearing steel for automotive, construction machinery and other bearings, structural steel, and steel for shipbuilders in Chugoku, Shikoku and Kyushu. The division strives to optimize material procurement by managing supply chains that link manufacturers and users.
The Chugoku Branch addresses the demands of customers in the Chugoku region of Japan that manufacture automobiles and auto parts, construction materials, cans and other products. The branch has built an optimal supply chain management system with local companies Summit-Benichu Coil Center Co., Ltd. (the largest coil center in the region) and Mazda Steel Co., Ltd., as well as other MISI Group companies. Every effort is made to raise customer satisfaction and grow sales. The branch also furnishes a diversified range of information and proposals for optimal supply chain management systems tailored to customers expanding into overseas nations, leading to greater business progress and growth.
Manufacturing in the Chubu region—especially the automotive industry—has long contributed to the growth of Japan’s economy as well as the demand for steel. The area has a number of growth engines that will lead to an increasingly vigorous flow of people and things. This includes the construction of the Linear Chuo Shinkansen, the rapid transformation of Nagoya Station and redevelopment projects in the surrounding area, the possibility of expanding Chubu Centrair International Airport and more. The expectation is that related steel demand will expand, and the Nagoya Branch aims to strengthen its functionality as a trading company.
The Kyushu and Okinawa regions host industries that hold significant nationwide market shares in automobiles, shipbuilding, semiconductors, agriculture and other mainstay fields, in addition to general demand for construction materials. Customers trust us to supply top-quality steel sheets and plates, steel pipe, stainless steel, specialty steel and other core products. To meet their demands, the Kyushu Branch advances teamwork between Yutaka Steel Industries Co., Ltd., Benichu Coil Center Kyushu, Inc. and MI-Bansei Stainless Steel Corporation—all ranking as major-scale processing bases in that region—and nine MISI Group companies, infusing further support for meticulous responses to all client needs. The branch vigorously supports the sales endeavors of these companies, while advancing procurement negotiations with numerous product manufacturers, demonstrating strong presence of the MISI Group in both areas.
Marubeni-Itochu Sumisho Techno Steel Inc. Tokyo Sales of steel construction materials for construction and civil engineering sectors
IBARAKI STEEL CENTER CO., LTD. Ibaraki Cutting and sales of plates; cold rolling and forging processing
Ohtsuka Steel Trading Co., Ltd. Tokyo Sales of thick and medium steel plates and civil engineering materials
Yutaka Steel Industries Co., Ltd. Fukuoka Processing and sales of thick and medium plates
Kita Kanto Steel Co., Ltd. Ibaraki Cutting, melt-cutting and sales of plates
Tokai Steel Industries Co., Ltd. Aichi Processing and sales of plates; manufacturing and sales of steel productsfor bridges and steel frames
TAIHEI CO., LTD. Tokyo Processing, sales and leasing of steel pipe and other temporary construction materialsand equipment
Meiho Kogyo Co., Ltd. Saitama Processing and sales of tinplate products
Tokai-Seikan Co., Ltd. Shizuoka Manufacturing and sales of steel cans
TOMIYASU & CO., LTD. Tokyo Processing and sales of steel, nonferrous metals, constructionand civil engineering products and machine tools
Benichu Coil Center Tohoku Inc. Miyagi Processing and sales of steel plates (sheets)
Benichu Coil Center Kanto, Inc. Saitama Processing and sales of steel sheets, electrical sheets and other sheet products;stamping and assembly of motor cores
Benichu Coil Center Kansai, Inc. Osaka Processing and sales of medium and thin plates and strips
Benichu Coil Center Kyushu, Inc. Fukuoka Cutting and sales of plates (sheets)
JFE Nikkenban Co., Ltd. Tokyo Manufacturing, sales and installation of metal construction materials
NIPPON STEEL Electrical Steel Co., Ltd. Aichi Slitting of electrical sheets and other products; processing of transformer coresand other products
MI-Bansei Stainless Steel Corporation Fukuoka Processing and sales of stainless steel and nonferrous metals
HANWA KOZAI Co., Ltd. Osaka Processing and sales of specialty steel, such as stainless steel, heat-resistant steel,titanium and aluminum
OOTONE WAREHOUSE CO., LTD. Gunma Warehousing, plates shearing and sales, tailor welded blank (TWB) welding and sales
TOKYO STEEL CENTER CO., LTD. Kanagawa Processing and sales of steel plates (sheets)
Benichu Steel Inc. Tokyo Processing, sales and business operations related to steel productsand construction materials
Summit-Benichu Coil Center Co., Ltd. Hiroshima Processing and sales of steel plates (sheets)
Mazda Steel Co., Ltd. Hiroshima Processing, welding and sales of automotive plates (sheets)
Marubeni-Itochu Specialty Steel Corp. Tokyo Processing and sales of specialty steel, stainless steel and wire products
NIPPON STEEL Wire Co., Ltd. Gifu Manufacturing and sales of steel wire products
Amatei Incorporated Hyogo Manufacturing and sales of ordinary and specialty nails, screws,wire and other steel products
Osaka Migaki K.K. Osaka Manufacturing and sales of cold-drawn steel bars
Yamato Special Steel Co., Ltd. Tokyo Processing and sales of specialty steel
NIKKO CORPORATION Chiba Processing and sales of pipe and ordinary steel materials
KYOSEI Corporation Osaka Manufacturing and sales of gas and water pipe materials
SANYO CO., LTD. Tokyo Processing and sales of steel pipe and materials, fittings, flanges, valves,road construction materials and other items
K&I Tubular Corp. Tokyo Exports and sales of specialty pipe
MI Primary Service Inc. Tokyo Outsourcing coordination
Open21 Systems Co., Ltd. Tokyo Network system development, management and consulting related to steel sales
A Group of Leading Professionals Responding to Local Demand for Steel from Japan’s Automotive Makers and Other Manufacturers
NAGOYA Branch
Focusing on Diverse Product Sales in Kansai and Optimizing Steel Procurement
OSAKA Division
Offering Optimal Supply Chain Management Focused on Automotive Manufacturers and Ensuring a Stable Steel Supply
CHUGOKU Branch
Collaborating With Local Subsidiaries to Maintain a Strong Presence in Kyushu and Okinawa
KYUSHU Branch
AS OF APRIL 1, 2021
Specific Initiatives
To foster strong ties with local communities, we participate in Tokyo Sanno Festival (sponsored by Hie Shrine) and the annual cleaning of Nihonbashi Bridge. We also help clean, beautify and make other contributions to society in the head and branch offices. In addition, we support initiatives of the United Nations World Food Programme, which is aimed at stamping out world famine and poverty. This includes large numbers of MISI employees joining in the “Walk the World” charity events sponsored annually in Yokohama and Osaka to combat child hunger. We also dispatch volunteers to assist after natural disasters and provide key support; collect plastic bottle caps, used stamps and other resources in-house; and help out on various donation drives, eco-friendly events and other social-minded initiatives.
■ Social Contribution
Having a diversity of perspectives is a source of energy in the quest for corporate growth. MISI has launched an in-house team devoted to promoting diversity and building environments that inspire all different types of people to excel. These efforts include expanding opportunities for women; cultivating overseas employees; greater possibilities for senior employees; fostering greater harmony between childrearing, nursing care and work; and supporting employees challenged by disabilities (including para-athletes).
Rooted in the conviction that enhanced employee health and wellness contribute to sustained corporate growth, MISI and its employees unite to pursue various health maintenance and enhancement measures. Our ultimate goal is to foster a corporate environment where all employees are fulfilled at work at all times.
Specific examples include sponsoring company-wide athletic meets, providing monthly office fitness training sessions, supporting the activities of over twenty sports clubs, using smartphone applications to award points redeemable for products based on the number of steps taken, and other creative concepts.
These endeavors have earned MISI stellar recognition. For example, we were certified in the large enterprise category under the 2021 Certified Health & Productivity Management Outstanding Organizations Recognition Program. We were also named a Sports Yell Company, signifying a business entity that proactively conducts initiatives to promote employee health through sports and other activities.
■ Health and Productivity Management Initiatives
■ Promotion of Diversity
MISI workplaces have earnedISO 9001 certification
Tubular ProductsDivision
Line Pipe Dept.,OCTG, Specialty Tubular Products Dept.
Iron & Steel Div.-III Electrical Steel Sec.-IIof Steel Sheets Dept.
Automotive Steel Products Div.
Automotive Steel Products Dept.-I, Automotive Steel Products Dept.-IIand Automotive Specialty Steel Sec.of Specialty Steel & Wire Rods Dept.
Osaka DivisionOsaka Steel Sheets Dept.Osaka Steel Sheets Sec-Ⅱ,Stainless Steel(OSAKA) Sec. and Specialty Steel & Wire Rods(OSAKA) Sec.
Compliance Program (Observation Matters)8 Prohibition on Bribes and Gifts and
Entertaining, etc.9 Prohibition Against Provision of Favors to
Anti-Social Groups10 Environmental Preservation11 Appropriate Control of Information12 Appropriate Use of Information System13 Prohibition Against Conflicts of Interest, etc.14 Implement Fair and Accurate Financial
Procedures
1 Respect for Human Rights, Intolerance of Discrimination and Harassment
2 Compliance with the Antimonopoly Law, Subcontracting Law and Related Legislation
3 Prohibition Against Unfair Competition4 Observance of all Business Laws5 Observance of Insider Trading Regulations6 Implementation of Appropriate Import/
Export Procedures and Security Trade Controls
7 Observance of Intellectual Property Rights Laws
In order to respond to the expectations and needs of shareholders, customers, consumers, employees and other stakeholders, a company must be stable and have a solid revenue stream based on sound corporate activities.
At MISI, the doctrine of basic compliance forms the core element of all our activities, with no deviation from that course permitted. Specifically, we devote great effort to the prevention of actions such as bid-rigging, cartels or other violations of the Anti-monopoly Law, and have strengthened safeguards against corruption through bans on the extension of illegal benefits to public officials and other persons in equivalent positions. Additionally, to legally, safely and smoothly engage in trade operations—a key pillar of MISI’s sales activity—we maintain strict security trade controls. Under the motto “Group Compliance Management,” we continue to strive to achieve proper implementation of compliance management by all of our employees through compliance promotion activities and semi-annual monitoring of the compliance situation at all domestic and overseas Group subsidiary companies.
Compliance
CSR Action Guidelines
The MISI Group believes its mission is to protect our irreplaceable global environment and contribute to the continuous healthy growth of human society through the supply of steel products. By carrying out our everyday work efficiently in accordance with our ISO 14001-certified environmental management system, we are gradually reducing the environmental burden every day. In addition, we observe Environment CSR Month every year, conducting various beneficial and consciousness-raising activities.
We naturally maintain a strong commitment to quality, and continuously improve our services as we respond to the expectations and needs of our customers. That is particularly true at our divisions that have earned ISO 9001 (quality management system) certification, which are listed at right. Our aircraft team at the Osaka Branch, which handles our aircraft business, has also obtained the JIS Q 9100 certification for the aerospace industry.
Environment / Quality
MISI observes the laws and regulations of Japan and other countries, following common sense courses of action in compliance with social norms.
Thorough Compliance
MISI vigorously contributes to the local community and society overall to raise the quality of people’s lives, fulfilling our responsibilities as a good corporate citizen.
Social Contribution Initiatives
MISI nurtures a keen awareness of our responsibilities as a contributing member of the international community, respecting human rights and striving to protect the global environment.
Keen Consideration for Human Rightsand the Global Environment
MISI supplies products and services of the highest quality, responding to the needs and expectations of our customers and supporting the continuing advancement of society.
Quality Accountability
MISI focuses on close communication with all stakeholders, forging bonds of mutual trust and living up to the expectations of these valued partners.
Partnerships with Stakeholders
CSR/Sustainability
MISI adheres to the “Three-Way Plus One Benefit” corporate principle, in which the “benefit to the employee” augments our traditional Three-Way Benefit to the seller, buyer and the society. Rooted in this defining spirit, MISI is more determined than ever to create new value as an expert team of steel professionals that contributes to the progressive development of a sustainable society.
13 14
No.0249-ISO9001
Financial Data
（APRIL 1, 2020〜APRIL 1, 2021）
FY2020 FY2019 Change FY2018 FY2020
Total volume of Trading Transactions ※1 1,987.5 2,408.2 △ 420.7 2,437.3 17,952
Revenue 1,630.1 2,012.4 △ 382.3 2,021.3 14,724
Gross Profits 117.5 135.0 △ 17.5 135.9 1,061
Operating Income ※1 33.4 43.8 △ 10.3 45.3 302
Profit Before Tax 29.1 34.8 △ 5.8 37.6 263
Profit Attributable toOwners of the Parent 17.4 22.3 △ 4.9 24.2 157
Current Assets 896.0 900.0 △ 3.9 1,013.2 8,094
Non-Current Assets 232.7 219.7 + 13.0 214.9 2,102
Total Assets 1,128.7 1,119.7 + 9.1 1,228.1 10,195
Current Liabilities 632.1 635.8 △ 3.7 725.9 5,709
Non-Current Liabilities 155.0 168.1 △ 13.1 180.7 1,400
Total Liabilities 787.0 803.8 △ 16.8 906.5 7,109
Equity Attributable to Owners of the Parent 315.8 290.8 + 25.0 297.3 2,852
Total Liabilities and Equity 1,128.7 1,119.7 + 9.1 1,228.1 10,195
The spread of the novel coronavirus infection (COVID-19) strongly affected the global economy during FY2020, slowing activity in numerous industries, particularly during the first half of the fiscal year. Although steady progress followed after devising a balance between measures to halt the contagion’s spread and efforts to promote economic recovery, regions exhibited considerable contrasts in the speed of revival. China adopted strong steps to contain the spread of the infection, and was successful in achieving a speedy resurgence in economic activity. In the United States, Europe and certain emerging countries, however, the pandemic spread in second and third waves, extending the duration of restrictions placed on economic endeavors. The spread of COVID-19 also seriously undermined the Japanese economy. The first half of the fiscal year saw activity levels in nearly all industries go into broad decline, prompting operational shutdowns, supply chain interruptions and other issues.
The second half of the year brought a recovery in manufacturing industry production levels, with a focus on automobiles. This was unfortunately not enough to raise output back to the levels prior to the spread of the virus, however.Turning to the steel industry, worldwide crude steel production in 2020 (January to December) stood at 1.88 billion tons , up 1.3 percent from the previous year based on World Steel Association figures. This gain was due primarily to the robust growth in China’s crude steel production, which expanded 7.0 percent over the previous year to an all-time record high of 1.06 billion tons . Crude steel production output outside of China, however, finished at generally sluggish levels for the year.
In the midst of this severe environment, MISI made compressing costs and assets its top priority from the start of FY2020, while also striving to sustain export business operations targeting China, remote areas and other regions less seriously affected by COVID-19. Our construction material business in the United States continued to perform well, with the damage from the pandemic minor. The global economic slump hit MISI’s tubular products business and various other fields of endeavor hard, however, with declines in both revenue and earnings compared to the previous fiscal year. In summary, the MISI Group’s consolidated financial settlement for FY2020 shows total volume of trading transactions \1,987.5 billion, operating income of \33.4 billion, and \17.4 billion in profit attributable to owners of the parent.
Although the global economy staged a recovery from autumn 2020, an examination of the market trends for steel products reveals a decline in the supply capacity of steelmakers linked to the COVID crisis overlapped with a surge in secondary material prices. That trend continued through the end of the fiscal year under review. The slowdown in economic activity both domestically and overseas the COVID-19 pandemic caused keenly affected the production volume of Japanese steelmakers. As a result, output fell by a steep 16.2 percent from the previous year to 83.19 million tons (figures from the Japan Iron and Steel Federation on a calendar year basis).
Note: The Company has prepared its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) from the fiscal year ending March 2013, with the effective date of transition to IFRS being April 1, 2011.
※1 Total volume of trading transactions includes all transactions involving the Company and its consolidated subsidiaries regardless of transaction type. Total volume of trading transactions and operating income are presented in accordance with Japanese accounting practice for investors' convenience and are not required by IFRS. Ordinary income under Japanese GAAP has been provisionally calculated at ¥31.7billion.
※2 For convenience, U.S. dollar values are converted at a rate of 110.71 yen—the exchange rate of the yen against the dollar on the Tokyo Foreign Exchange Market for March 31, 2021.
(Unaudited, IFRS basis)
(Unit:Millions of USD)※2(Unit:Billions of yen)
Summary of Consolidated Statements of Income
0
100
200
300
400
500
2,437.3
45.3 43.8
33.4
2,408.2
1,987.5
24.2
22.3
17.4
1,228.11,119.7 1,128.7
432.8400.6
347.4
(Billions of Yen) (Billions of Yen)
FY
(Billions of Yen)
（%） （%） (times)
2018 2019 2020 FY2018 2019 2020 FY
297.3 290.8
315.8
Total volume of Trading Transactions Profit Attributable toOwners of the Parent
Total Assets and ROA Net Interest-BearingLiabilities and DER
Total Assets (left axis)ROA (right axis)
Equity Attributable to Owners of the Parent (left axis) Net Interest-Bearing Liabilities (left axis)DER (right axis)ROE (right axis)
Operating Income
Equity Attributable toOwners of the Parent and ROE
FY2018 2019 2020 FY2018 2019 2020 FY
2018 2019 2020
2018 2019 20200
300
600
900
1,200
1,500
0
50
100
150
200
250
300
350
(Billions of Yen) (Billions of Yen) (Billions of Yen)
0
500
1,000
1,500
2,000
2,500
0
10
20
30
40
50
0
5
10
15
20
25
2.0
1.0
3.0
0.0
5.0
4.0
2.1 1.91.5
00
15
10
05
7.6
5.7
8.3
0.0
2.5
2.0
1.5
1.0
0.5
1.51.4
1.1
15 16
Corporate name Marubeni-Itochu Steel Inc.
Date of Establishment October 1, 2001
Capital 30 billion yen
President and CEO Tatsuhiko Toshita
Executive Vice President Haruhiko Ida
Fiscal year-end March 31
Shareholders 50% owned by Marubeni Corporation50% owned by ITOCHU Corporation
Number of Employees non-consolidated 956 (April 1, 2021)consolidated 10,103 (April 1, 2021)
Business areasProcessing, import, export, and sales of steel products; supply chain management; investment in steel-related industries
Head OfficeNihonbashi 1-chome Bldg., 4-1,Nihonbashi 1-chome,16-18FChuo-ku, Tokyo 103-8247, Japan
President and CEO Tatsuhiko Toshita
Executive Vice President Haruhiko Ida
Managing Executive Officer, Member of the Board Corporate Administration Div. Masakazu Tanimoto
Managing Executive Officer, Member of the Board(Iron & Steel Div. -Ⅱ, Iron & Steel Div.-Ⅲ,Automotive Steel Products Div.)
Toshihiko Takahashi
Managing Executive Officer, Member of the Board(Iron & Steel Div.-Ⅰ, Tubular Products Div.,Overseas Offices, Branches)
Yutaka Shimizu
Managing Executive Officer, Member of the Board Corporate Strategy, Human Resources& General Affairs Div.
Makoto Ishitani
Member of the Board Kenji Seto
Member of the Board Akihiko Sagara
Member of the Board Seiichi Kuwata
Member of the Board Osamu Tano
Audit & Supervisory Board Member Hideki Yamamoto
Audit & Supervisory Board Member Toshiatsu Suwa
Audit & Supervisory Board Member Koji Iwama
Audit & Supervisory Board Member Kazuyoshi Sato
Managing Executive Officer,General Manager for the AmericasPresident & CEO of Marubeni-Itochu Steel America Inc.
Akira Suzuki
Managing Executive Officer,General Manager for Asia & Oceania Kiyoshi Tomikawa
Executive Officer, Iron & Steel Div.-I Junichi Hatano
Executive Officer, Iron & Steel Div.-II Yasuji Nakano
Executive Officer, Iron & Steel Div.-III Satoshi Tanaka
Executive Officer, Automotive Steel Products Div. Takeshi Inoue
Executive Officer, Tubular Products Div. Yasuhisa Tashiro
Executive Officer, Osaka Div. Akira Takamaru
Executive Officer, General Manager for ChinaChairman & President of Marubeni-Itochu Steel(Shanghai) Co., Ltd.
Tokio Miyao
Executive Officer, Deputy General Manager,Group Administrative Officer for Americas Shuji Suzuki
Corporate Profile Corporate Officers
Corporate Profile Organization AS OF APRIL 1, 2021
Division Planning & Coordination Dept
Plates, Bars & Shapes Dept.
Construction Steel Products Dept.
Division Planning & Coordination Dept
Overseas Steel Sheets Dept.
Tin Mill Products Dept.
Division Planning & Coordination Dept
Osaka Steel Sheets Dept.
Steel Sheets Dept.
Stainless Steel Dept.
Division Planning & Coordination Dept
Pipe & Tube Dept.
Line Pipe Dept.
OCTG, Specialty Tubular Products Dept.
Human Resources & General Affairs Dept.
Legal Dept.
Compliance Team
Corporate Planning & Coordination Dept.
Logistics & Insurance Dept.
IT Solution Dept.
Engineering Dept.
Iron & Steel Division-Ⅰ
Sales departments and divisions
Administrative Departments
Iron & Steel Division-Ⅱ
Iron & Steel Division－Ⅲ
Automotive Steel Products Div.
Tubular Products Div.
Audit Dept.
Corporate Strategy, Human Resources & General Affairs Div.
Corporate Administration Div.
Marubeni Itochu Sumisho Techno Steel Inc.
Managing Executive Officer(Iron & Steel Div.- Ⅰ, Tubular Products Div.,
Overseas Offices, Branches)
Managing Executive Officer(Iron & Steel Div. -Ⅱ, Iron & Steel Div.-Ⅲ,
Automotive Steel Products Div.)
Managing Executive Officer
Managing Executive Officer
Audit & Supervisory Board
Audit & Supervisory Board Mem
ber
General M
eeting of Shareholders
Board of Directors
President and CEO Executive Vice President
Division Planning & Coordination Dept
Specialty Steel & Wire Rods Dept.
Automotive Steel Products Dept.-Ⅰ
Automotive Steel Products Dept.-Ⅱ
China Business Development Team
Electric Vehicle Strategy Team
Internal Control Administration Team
Osaka Administration & General Affairs Dept.
Accounting Dept.
Finance Dept.
Credit Dept.
Affiliates Administration Dept.
17 18
▶3 Benichu Coil Center Kanto Acquires KS Summit Steel Co., Ltd. ▶3 MISI Acquires SUNCALL CORPORATION stock ▶5 Announcing a new corporate philosophy
▶5 Yamato Special Steel Co., Ltd. becomes a wholly owned MISI subsidiary
▶2 Acquisition of U.S. oil well pipe wholesaler CTAP
▶4 Benichu Coil Center Holdings Inc. established ▶4 Summit-Benichu Coil Center Co., Ltd. was established through a merger between Hiroshima Steel Center. and the regional (Chugoku district) business of Summit Steel Co., Ltd.
▶12 Certification as a “Sports Yell Company” and “Tokyo Sports Promotion Company”
▶1 Marubeni-Itochu Sumisho Techno Steel Inc. established through a merger between Marubeni-Itochu Techno Steel Inc. and Sumisho Tekko Hanbai Co., Ltd.④
▶ 4 Changed accounting standard to IFRS MISA Creates MISA Metal Processing, Combining Three Subsidiaries ▶ 9 Acquisition of US largest OCTG distributor, Sooner Inc.③ ▶10 Benichu Steel Inc. established through a merger between Benichu Automotive Steel Inc. and Marubeni-Itochu Steel AP Corp.
▶4 Three dom -estic Japanese coil centers unified as “Benichu Coil Center”
▶1 MI-Bansei Stain -less Steel Corporation established through a merger between MI Stainless Center Co., Ltd. and Banseikoki Co., Ltd. ▶3 Clarkwestern Dietrich Building Systems LLC established through the restructuring and consolidation of Marubeni-Itochu Steel America Inc. businesses② ▶5 MI Metal Process -ing Mexicana S.A. de C.V. (center producing coil for automotive use) established in Mexico’s Aguascalientes State
▶5 New core system operation begins
▶9 MISI's credit rating raised from “A-” to “A” by the Japan Credit Rating Agency, Ltd. (JCR)
▶5 Tokyo Head Office relocates from Otemachi to Nihonbashi①
▶10 ITOCHU Corporation and Marubeni Corporation spin off and merge their respective steel divisions, launching Marubeni-Itochu Steel Inc. Marubeni-Itochu Techno Steel Inc. established
▶Seventh medium-term management program formulated
▶Sixth medium-term management program formulated
▶Fifth medium-term management program formulated
▶Fourth medium-term management program formulated
▶Third medium-term management program formulated
▶Second medium-term management program formulated
▶First medium-term management program formulated
2021
20202019
2018
201 72016
20152013
20122011
20092007
20062004
2003 2001
Next Stage
Build your Future
FIT for innovation
MISI as Resilient towards 2023
Challenge 2011
▶medium-term management program
medium-term management plan slogans
Above & Beyond 2014
History
④ Marubeni-Itochu Sumisho Techno Steel Inc. established
③ Acquisition of US largest OCTG distributor, Sooner Inc.
② Clarkwestern Dietrich Building Systems LLC
① Marubeni-Itochu Steel Inc. Tokyo Head Office
19 20