By pursuing our corporate ideals of being a valuable presence in the market and a trusted, attractive partner, Kinsho Corporation aims to be a top-class multifaceted metals trading company that exercises its technological strengths globally to constantly offer customers added value.
Specifically, we aim to respond to customer needs at an even higher level by ensuring true technological strength; in other words making sure each of our employees has the sound understanding of technology required to contribute to our customers’ product development right from the initial design stage and building systems and capabilities that make the most of such skills. Utilizing the network offered by our own overseas bases and those of Mitsubishi Corporation, our parent company, we also aim to establish a valuable presence in the market as a reliable and adaptable trading company capable of supporting our customers’ global activities and build a reputation as top-class professionals in our field. Furthermore, we aim to offer our customers added value as a multifaceted metals trading company with capabilities across the entire metals field, including commercial distribution, logistics, and business investment.
In August 2006 our largest shareholder, Mitsubishi Corporation, underwrote the third-party allocation of new shares in Kinsho Corporation. As well as increasing the company’s equity, the purchase of these shares made Kinsho Corporation a subsidiary of Mitsubishi Corporation, which acquired a 51% stake in the company.
In May 2007 Kinsho Corporation was reborn in a new form as it took over most of the operations of Mitsubishi Corporation subsidiary MC Non-ferrous Metal Products Co., Ltd., which was active in the same field of business, and some of the operations of Mitsubishi Shoji Light Metal Sales Corporation. These moves added greater depth to Kinsho’s business and expanded the company to 1.4 times its former size.
Subsequently, in order to further deepen and expand our cooperation with Mitsubishi Corporation, Kinsho Corporation became a wholly owned subsidiary of Mitsubishi Corporation in March 2008, giving Kinsho Corporation full use of Mitsubishi Corporation’s credit capability; domestic and overseas networks; and raw procurement capability.
In April 2009, the company name was changed to Mitsubishi Corporation Unimetals, as a core company operating in the midstream and downstream sector in the Mitsubishi Corporation Metals Group.
In addition, on April 1, 2010, Mitsubishi Corporation Unimetals merged with Mitsubishi Shoji Light Metal Sales Corporation, a company having a significant edge and know-how in trading of primary aluminum, starting as newly-born Mitsubishi Corporation Unimetals. This merger has further increased the corporate strengths of Mitsubishi Corporation Unimetals in various fields, including metal products, metal materials, and metal ingots as a core company operating in the midstream and downstream sector in the Non-ferrous Metal Products Division, Mitsubishi Corporation Metals Group.
In accordance with our policy of putting the company on a stronger footing, ensuring compliance, and aggressively pursuing new opportunities, we will strengthen corporate governance, ensure thorough-going compliance, and steadily create appropriate internal control systems. Administrative divisions will provide checking and support functions, while sales divisions will build mechanisms for aggressively expanding existing customer bases and actively developing new clients.
Mindful that continual change for growth is a prerequisite for survival in today’s business environment, the company’s executives and employees will continue their united efforts to exercise our corporate strengths in identifying customers’ particular needs in order to offer its customers added value. We sincerely ask for your continued support.
Hiroshi Takeuchi
President and Chief Executive Officer
April 2010