Mitsubishi Corporation
Strategic Concepts & Mechanics
Primary Evidence
"In the fiscal year ending March 2021, Itochu surpassed the long-standing industry leader, Mitsubishi Corporation, in three indicators: net profit, stock price, and market capitalization."
"For Mitsubishi Corporation and Mitsui & Co., importing natural gas, oil, coal, and iron ore and supplying them to steel and power companies has been a major pillar of their profits. On the other hand, since Itochu was originally a “textile trading company,” it could not rely on resources as a major source of profit. For this reason, it had to go around businesses in non-resource fields such as textiles and food, and make do by steadily generating small profits. They have honed their wisdom to gather small profits. That is why, with changing circumstances, they leaped to the top. They adapted to an era in which resource prices fluctuated wildly and the presence of heavy and large-scale industries declined."