Mitsubishi Corporation has developed its new management strategy, entitled New Strategic Direction (charting a new path toward sustainable growth). It goes into effect from fiscal year 2013.
Amidst major changes in Mitsubishi Corporation's business models and the external environment, we have abolished our traditional "midterm management plan" concept of committing to fixed financial targets three years in the future, in favor of a long-term, circa 2020 growth vision. To realize this vision we have set down our "New Strategic Direction", which consists of basic concepts on management policy together with our business and market strategies.
New Strategic Direction seeks to recognize our value and upside potential as a sogo shosha capable of "providing stable earnings throughout business cycles by managing a portfolio diversified by business model, industry, market and geography". As we optimize our portfolio, we will strive to realize our growth vision and enhance Mitsubishi Corporation's overall corporate value.