1. Home
  2. Press release
Dec 03, 2019 16:49 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation Establishes New Tech Subsidiary, MC Digital


TOKYO, Dec 03, 2019 - (JCN Newswire) - Mitsubishi Corporation (MC) has established a new, wholly owned tech subsidiary called MC Digital, Inc. (MC Digital), which will be dedicated to advancing its digital strategies.

In recent years, the evolution of digital technologies and rise of platform developers have escalated business-model reforms throughout industry. One of the overarching objectives of MC's latest medium-term management plan(1) is to strengthen its IT capabilities, and the company has been examining a number of ways to stimulate its digital transformation(2).
MC Digital was established to internalize the core technologies and development functions necessary for MC to take greater advantage of cutting-edge advances in the digital space.

This new subsidiary will be relied on to promote the development of new services that leverage digital technologies, the main purpose of which will be to augment strategies conceived by those spearheading MC's latest business ventures. As necessary, MC Digital will also evaluate the advanced technologies of MC's partners when MC is considering alliances or M&As.

The technical expertise gained through the development of services will be concentrated at MC Digital and applied to other industries that MC is engaged in. In this way, MC plans to accelerate its own digital transformation as efficiently and sustainably as possible. MC's ultimate plan for this new subsidiary is for it to evolve into one of Japan's most well-known tech companies, one capable of returning the merits of its accumulated, industry-wide IT expertise to MC Group companies and working hand in hand with them to enhance corporate value.

To substantiate this plan, MC Digital has already recruited an IT professional from outside the MC Group to serve as its Chief Technology Officer, and it continues to bring in other top-flight professionals to solidify its workforce, including UI/UX designers and engineers with advanced machine learning and software skills. MC Digital plans to have about 20-40 employees within the next few years.

MC Digital's family will include several employees dispatched from MC, including two officers (its CEO and COO) and managers in charge of new business development. By uniting those employees with its own core staff, the subsidiary will endeavor to realize MC's digital strategies and create new and innovative services.

(1) Midterm Corporate Strategy 2021, announced in November 2018
(2) Application of digital technologies to create new business models and value

Company Overview:
Name: MC Digital, Inc.
Representative: Takuya Hirakuri
Office: WeWork Marunouchi-Kitaguchi Building (1-6-5, Marunouchi, Chiyoda, Tokyo, Japan, 100-0005)
Date Established: 12th September, 2019
Capital: 100 million yen (including capital surplus of 50 million yen)
Shareholder: Mitsubishi Corporation (100%)
URL: https://www.mcdigital.jp/


About Mitsubishi Corporation
Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.


Contact:
Mitsubishi Corporation
Telephone: +81-3-3210-2171 
Facsimile: +81-3-5252-7705
Source: Mitsubishi Corporation
Sectors: Digital

Copyright ©2020 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

Mitsubishi Corporation: Trials of "KnowRoute", AI-Controlled On-Demand Bus Service to Commence in Shiojiri City, Nagano Prefecture
August 06 2020 12:36 JST
 
Mitsubishi Corporation: R&D on Use of CO2 in Concrete
August 05 2020 10:13 JST
 
Mitsubishi Coporation: Initiation of "Technology Development for Para-xylene Production from CO2"
July 14 2020 08:51 JST
 
NTT Anode Energy and Mitsubishi Corporation Agree to Study Cooperation in the Energy Sector Business
June 30 2020 11:40 JST
 
Mitsubishi Corporation and NTT complete investment in HERE Technologies
June 02 2020 13:54 JST
 
'e5 Consortium' Established to Promote Zero-Emission Electric Vessel
May 21 2020 14:34 JST
 
Mitsubishi Corporation and SOHGO SECURITY SERVICES Agree to Strategic Partnership in Facility Management Business
March 30 2020 15:28 JST
 
Mitsubishi Corporation and SOHGO SECURITY SERVICES Agree to Strategic Partnership in Facility Management Business
March 30 2020 11:07 JST
 
Mitsubishi Corporation and Chubu to acquire Dutch Energy Supply Company "Eneco"
March 25 2020 16:47 JST
 
Mitsubishi Corporation: Establishment of PeptiGrowth Inc. for Development and Commercialization of Peptide Alternatives to Growth Factors for Cell Culture
March 13 2020 08:09 JST
 
More Press release >>

Latest Press Release


Mitsubishi Corporation: Trials of "KnowRoute", AI-Controlled On-Demand Bus Service to Commence in Shiojiri City, Nagano Prefecture
Aug 06, 2020 13:36 JST

Honda's Consolidated Financial Summary for the Fiscal Q1 Ended June 30, 2020 and Forecasts for the FY Ending March 31, 2021
Aug 05, 2020 18:45 JST

DENSO Establishes Pittsburgh Innovation Lab to Accelerate Automated Driving R&D
Aug 05, 2020 16:09 JST

Fujitsu Enhances VPS Series to Drive DX for Production Preparation Tasks
Aug 05, 2020 12:30 JST

Mitsubishi Corporation: R&D on Use of CO2 in Concrete
Aug 05, 2020 11:13 JST

MHPS Receives Contract for AQCS Equipment for a Chemical Plant in Poland
Aug 04, 2020 15:19 JST

MHI Machine Tool Develops "FR Series" of Machines to Manufacture Gears for Robots
Aug 04, 2020 12:10 JST

MHPS to Change Company Name to "Mitsubishi Power"
Jul 31, 2020 16:02 JST

DENSO Announces First Quarter Financial Results
Jul 31, 2020 14:11 JST

BluE Nexus and Toyota to Strengthen Sales Structure of Electrified Systems to Prepare for Accelerated Adoption of Electrified Vehicles
Jul 31, 2020 12:28 JST

Eisai: Application for Additional Indication of Anti Cancer Agent Lenvima for Unresectable Thymic Carcinoma Submitted in Japan
Jul 31, 2020 09:31 JST

Mitsubishi Heavy Industries and Copenhagen Infrastructure Partners Enter into Joint Venture to Develop Offshore Wind in Hokkaido, Japan
Jul 31, 2020 09:06 JST

Mazda Production and Sales Results for June 2020 and for January through June 2020
Jul 30, 2020 16:34 JST

MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
Jul 30, 2020 15:54 JST

Honda Sets Monthly Records for Automobile Production in China
Jul 30, 2020 15:26 JST

Showa Aluminum Can Has a Ceremony to Celebrate the Completion of the Third Production Base in Vietnam
Jul 30, 2020 15:00 JST

Toyota's Global Sales Recover to 84% of Previous Year's Level in June 2020
Jul 30, 2020 13:38 JST

Fujitsu: Notice of Changes to Business Segments
Jul 28, 2020 18:51 JST

MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars
Jul 28, 2020 16:28 JST

Toyota Research Institute - Advanced Development, Inc. Announces Expansion
Jul 28, 2020 13:54 JST
 More Latest Release >>