OTC:MSBHY

Mitsubishi Corporation Expands its Data Center Presence with Entry into US

Retrieved on: 
Monday, March 4, 2024

TOKYO, Mar 4, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its acquisition of a majority interest in two fully leased data centers developments in Dallas, Texas.

Key Points: 
  • TOKYO, Mar 4, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its acquisition of a majority interest in two fully leased data centers developments in Dallas, Texas.
  • In fact, the US is one of the world's most advanced DC market in terms of green power supply and energy conservation.
  • We look forward to leveraging that network and expertise to help strengthen and grow our DC business throughout the US.
  • Data centers and other digital infrastructure support the growth of new technologies that promise to revolutionize our daily lives and businesses.

Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico

Retrieved on: 
Monday, February 26, 2024

TOKYO, Feb 26, 2024 - (JCN Newswire) - Mitsubishi Corporation announced today that it has agreed on February 24, 2024 to sell its entire 49% stake in Exportadora de Sal, S.A. de C.V. (hereinafter "ESSA"), a salt production company in Mexico, to the Ministry of Economy of Mexico, the existing shareholder of ESSA (*).

Key Points: 
  • TOKYO, Feb 26, 2024 - (JCN Newswire) - Mitsubishi Corporation announced today that it has agreed on February 24, 2024 to sell its entire 49% stake in Exportadora de Sal, S.A. de C.V. (hereinafter "ESSA"), a salt production company in Mexico, to the Ministry of Economy of Mexico, the existing shareholder of ESSA (*).
  • MC has operated ESSA together with the Ministry of Economy of Mexico since 1973, and with this share transfer, ESSA will aim to achieve further growth under the leadership by the public sector of Mexico.
  • MC will continue to purchase salt produced by ESSA and provide a stable supply to our customers.
  • (*) The transferee will be Fideicomiso de Fomento Minero, which is under the Ministry of Economy of Mexico.

MC to Subscribe Shares in TVS Vehicle Mobility Solution in India

Retrieved on: 
Monday, February 19, 2024

TOKYO, Feb 19, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has agreed to subscribe shares (approx.

Key Points: 
  • TOKYO, Feb 19, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has agreed to subscribe shares (approx.
  • 32%) in TVS Vehicle Mobility Solution Private Limited (TVS VMS) through the private placement.
  • This latest investment in TVS VMS, one of the largest multi-brand dealers in India, widens MC's investment coverage through enhanced downstream service capabilities.
  • Having inherited TVSM's nationwide network built over time, TVS VMS is one of the leading automotive dealers in India.

PoC Launched to Test Smart-charging Service Using EV Connected Technologies

Retrieved on: 
Thursday, February 15, 2024

This PoC will seek to verify the commercial viability of what would be Japan's first smart-charging service leveraging EV connected technologies.

Key Points: 
  • This PoC will seek to verify the commercial viability of what would be Japan's first smart-charging service leveraging EV connected technologies.
  • *Kaluza is a subsidiary of the UK-based innovative energy service provider OVO Group, in which MC acquired a 20% interest in 2019.
  • During the PoC period, customers will subscribe to a charging plan that has been specially developed by MC Retail Energy exclusively for this service.
  • Furthermore, because this service will make it possible to directly control EV charging from Kaluza's platform via Mitsubishi Motors' connected systems, it does not require any communications-capable (i.e.

Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement

Retrieved on: 
Tuesday, February 6, 2024

Lawson and KDDI will merge their real touchpoints (Lawson stores: approximately 14,600, au Style/au shop stores: approximately 2,200) to establish large real-store networks in Japan.

Key Points: 
  • Lawson and KDDI will merge their real touchpoints (Lawson stores: approximately 14,600, au Style/au shop stores: approximately 2,200) to establish large real-store networks in Japan.
  • This will enable Lawson to expand its store network and enhance its functionalities, aiming for further improvement in customer convenience.
  • - Developing services for KDDI and Lawson customers to provide good shopping deals, expanding customer visits to Lawson stores.
  • KDDI is expanding into a wide range of business areas including mobile telecommunications as core business, as well as banking, insurance, education, travel, and delivery services.

First Plant to be Operated under Hydroelectric Power Alliance Goes Online

Retrieved on: 
Thursday, February 1, 2024

TOKYO, Feb 1, 2024 - (JCN Newswire) - Hokkaido Electric Power Company (Hokuden) and Mitsubishi Corporation (MC) are pleased to announce today's launch of commercial operations at the Ainumanai Power Plant (Location: Yakumo-cho Futami-gun, Hokkaido).

Key Points: 
  • TOKYO, Feb 1, 2024 - (JCN Newswire) - Hokkaido Electric Power Company (Hokuden) and Mitsubishi Corporation (MC) are pleased to announce today's launch of commercial operations at the Ainumanai Power Plant (Location: Yakumo-cho Futami-gun, Hokkaido).
  • The plant, which shall be run by our joint venture company established in November 2021, Donan Hydroelectric LLC (Donan Hydro)1, is the first to commence operations under our hydroelectric power alliance servicing Hokkaido's Donan region.
  • Donan Hydro will replace the 5 plants owned by Hokuden (Nanae Power Plant, Isoyagawa Daiichi Power Plant, Isoyagawa Daini Power Plant, Ainumanai Power Plant and Ono Power Plant), and commence power-generation after the replacement.
  • The remaining four plants in the region that are targeted by our alliance shall go online in stages once their replacement work has been completed.

Isuzu Joins Multi-interest Agreement to Promote Regional Transportation DX Self-driving Bus PoC Launched in Hiratsuka City

Retrieved on: 
Monday, January 22, 2024

The agreement, which focuses on autonomous-driving services in Kanagawa Prefecture's Hiratsuka City, was originally signed on April 7, 2023 by MC, Hiratsuka City, Kanagawa Chuo Kotsu Co., Ltd., Aisan Technology Co., Ltd., and A-Drive Inc.

Key Points: 
  • The agreement, which focuses on autonomous-driving services in Kanagawa Prefecture's Hiratsuka City, was originally signed on April 7, 2023 by MC, Hiratsuka City, Kanagawa Chuo Kotsu Co., Ltd., Aisan Technology Co., Ltd., and A-Drive Inc.
  • Signing Ceremony on January 19, 2024
    Through its work to address logistics and mobility related challenges with DX-driven innovations, Isuzu has demonstrated that its values align with our five-partner commitment to this autonomous-driving project.
  • Our shared goal to find mobility solutions made Isuzu's inclusion in our agreement a logical step forward.
  • The objective of our six-party agreement is to help revitalize Japan's regional communities by offering them public transportation services that are convenient, accessible and sustainable.