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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.
On the strength of the invaluable support of our stakeholders, MISI has also succeeded in steadily expanding the sphere of our business operations. True to our status as an integrated coordinator in steel distribution, we pledge to intensify our quest to advance initiatives that generate new value, with the goal of emerging as a genuine global corporate power in the ongoing mission to enhance our corporate value.
Fiscal 2020 marks the final year of the sixth MISI medium-term (three-year) management program. Under last year’s defining motto of “Fit for Innovation,” we advanced three core measures: 1) Establish New Revenue Bases, 2) Pursue Efficiency and 3) Enrich MISI Work Style Reform, all rooted in the master management policy of “Create Competitive Advantage.” MISI continues to respond boldly to the drastic changes in market structure, striving through functional evolution and the forging of new structures demanded by the era, in tandem with redoubled utilization of digital technology, accelerating our operational streamlining and advances into new business domains.
The MISI legacy’s corporate cornerstone is the spirit of the Three-Way Benefit. This refers to the benefit for the seller, the buyer and society—a philosophy cherished as the business foundation of the traditional merchants from the Omi region in western Japan many years ago, from which MISI emerged. Complementing this cornerstone philosophy is the Three-Way Plus One Benefit, which refers to both fostering the talents of our employees and expanding benefits for them. In this way, MISI is committed to refining all aspects of our assets, people and organizations. Our ongoing mission is to earn even greater trust from society as we strive to become a corporate group that always grows alongside our customers.
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 look forward to your continued support for Marubeni-Itochu Steel Inc. over the years to come.
President and CEO