Marubeni-Itochu Steel Inc. (MISI) was launched in October 2001, emerging on the scene as a pioneering business model: the industry’s first merger created by spinning off the steel business divisions of two major general trading companies. Over the years since, MISI has taken strong steps forward in its mission to create new value through the fusion of two different corporate cultures, all while maintaining and expanding the inherent strengths of a general trading company.
The current fiscal year marks the final one of our fifth medium-term management program. At the start of this latest three-year program, with a slogan of “Build Your Future,” we embraced five strategic plans: promote “glocalization” to create a greater earnings base, expand our business presence in the domestic market, improve asset efficiency, thoroughly manage risk and business operations, and create a more diverse group of professionals. From this declared foundation, we have made steady progress in the daily quest to build a brighter future together with our customers. Responding to ever-shifting customer demands, we have bolstered our business cooperation in each region and generated greater added value, promoting the critical process of glocalization.
As an integrated producer in the steel distribution field, MISI pledges to steadily implement these strategic plans and attain the goals, based on our group-wide vision of achieving the status of a genuine global company.
Toward that objective, we steadfastly follow the spirit of the Three-Way Benefit—the benefit for the seller, the buyer and society—which was the business foundation of our forerunners, the Omi tradesmen. We will drive to further develop and polish our people, organization and assets in our ceaseless pursuit to earn an even higher caliber of trust from all parties involved.
We continue to underscore the importance of our bonds with society, and fulfill our social responsibilities as a leading steel distribution corporation by respecting the environment, strengthening our level of compliance, and pursuing CSR activities.
I look forward to your renewed support and understanding of Marubeni-Itochu Steel Inc. for many years to come.
Tomohito Kaneda President and CEO