Mitsui CEO eyes food, retail amid profit slump

Business / Corporate May 20, 2015

Mitsui CEO eyes food, retail amid profit slump

Mitsui & Co., the nation's top oil trader, is expanding its focus beyond raw materials as its incoming CEO contends with an expected 22 percent decline in profit this year. As much as 80 percent of Mitsui's profit comes from such areas as iron ore, ...

Business / Corporate Nov 7, 2014

Mitsui announces Brazil rail joint venture

Mitsui & Co. announced Friday a joint venture with Brazil's Odebrecht TransPort S.A. which will focus on railway investments there. Mitsui will invest 500 million Brazilian real (¥22.5 billion) by the end of the year to take a 40 percent stake in the venture, which ...

Mitsui O.S.K. paid ¥4 billion over ship seizure in China

National Apr 24, 2014

Mitsui O.S.K. paid ¥4 billion over ship seizure in China

Mitsui O.S.K. Lines Ltd. has paid around ¥4 billion in connection with the recent seizure of its iron ore carrier by a Shanghai court due to a legal dispute, people familiar with the matter said Thursday. On Saturday, the Shanghai Maritime Court seized the 320-meter-long ...

'Hina Dolls of  the Mitsui Family'

Art / Openings In Tokyo Feb 5, 2014

'Hina Dolls of the Mitsui Family'

by Hanna Lange

In Japan, girls are traditionally given hina doll sets, which are put on display throughout the Hinamatsuri (Girls' Festival) season in March each year. Usually, each girl of the family will receive her own set, which she keeps throughout her life. This exhibition displays all ...

Business / Corporate Jan 2, 2014

Mitsubishi, Mitsui pull out of deal to buy Aussie LNG

Mitsubishi Corp. and Mitsui & Co. have withdrawn from an agreement to buy liquefied natural gas from Woodside Petroleum Ltd.'s Browse venture in Australia after delays to the project. The Mitsui and Mitsubishi venture, Japan Australia LNG, won't go ahead with the purchase of about ...