The Mitsubishi Archives were established in 1995 as an annex to the Mitsubishi Economic Research Institute (MERI) to commemorate the 125th anniversary of the founding of Mitsubishi. The Archives are located on the site of the former residence of Hikoyata Iwasaki (Yataro’s grandson), next to the former main residence of the Iwasaki Family-an area with a long connection to Mitsubishi.
The main mission of the Mitsubishi Archives is to safe keep Mitsubishi’s historical business documents and materials, to conduct research and studies on the history of Mitsubishi’s diverse business development since its establishment at the dawn of the Meiji era down to modern times, along with that of Japanese industry, and to give the public access to these materials. There is an exhibition hall where visitors can view a panel display of Mitsubishi’s history and its historical context, as well as a selection of Mitsubishi’s actual historical artifacts. The collection includes original writings of Yataro Iwasaki, documents including contracts from Mitsubishi’s earliest days, public records, old photographs, and other items that tell the fascinating history of industrial development in Japan, and at Mitsubishi.
Mitsubishi Financial Information as of March 31, 2021
The MMC Group comprises MMC, 35 consolidated subsidiaries and 19 equity-method associates (as at March 31, 2021). The MMC Group is engaged in the development, production and sales of passenger vehicles and their parts and components, as well as in auto financing operations. MMC conducts most of the development work. mitsubishi outlander,mirage mitsubishi,mitsubishi mirage,mitsubishi lancer,mitsubishi dealers,mitsubishi dealer,dealership mitsubishi,mitsubishi outlander sport,mitsubishi suv,mitsubishi outlander 2018,2018 mits outlander,mitsubishi 2018 outlander,outlander reviews,car mirage,2020 mitsubishi mirage.
In Japan, MMC produces standard and small passenger vehicles and Kei-cars, while Pajero Manufacturing Co.,Ltd. produces some Mitsubishi-brand sport utility vehicles (including the Pajero). Mitsubishi-brand vehicles are sold in Japan by Higashi Nihon Mitsubishi Motor Sales Co., Ltd. MMC decided to suspend production at Pajero Manufacturing Co. Ltd. for the reorganization of its production structure. Mitsubishi Automotive Engineering Co., Ltd. undertakes some of the development of MMC products. Mitsubishi Automotive Logistics Technology Co., Ltd. is responsible for the sales of MMC genuine parts and other products, some pre-delivery inspection and maintenance work, and logistics operations, etc. for parts and other products.
Outside Japan, Mitsubishi-brand cars are produced and sold in Thailand by Mitsubishi Motors (Thailand) Co.,Ltd., etc. and produced in Indonesia by PT. Mitsubishi Motors Krama Yudha Indonesia, etc. Auto lease and sales financing services, etc. are provided by Mitsubishi Motors Finance Co., Ltd.
In addition to the above, MMC and Nissan Motor Co., Ltd. have forged strategic alliance to cooperate in areas including purchasing, common vehicle platforms, technology-sharing, joint plant utilization and growth markets in May 2016.
The MMC Group structure and constituent company products and services outlined above are shown in the diagram below. (only main companies are shown).
As of February 1, 2021, MMC’s consolidated subsidiary MMC Diamond Finance Corp. was renamed to Mitsubishi Motors Finance Co., Ltd. shown in the diagram
Workers Unions
Workers’ unions associated with MMC and its domestic consolidated subsidiaries are affiliated with Japan Automobile Workers’ Unions through the Federation of All Mitsubishi Motors and Mitsubishi Fuso Workers Unions.
Reducing fixed costs
Fixed cost reduction made more progress than initially expected. The MMC group achieved its plan to reduce fixed costs by 20% or more in two years in the fiscal year under review, one year ahead of schedule. Many of the measures taken during the fiscal year under review are expected to bring benefits throughout FY2021.
At the same time, the MMC group needs to make investments for growth, such as advertising expenses for the launch of new vehicles by the group and new product development scheduled for launch in and after FY2022. In FY2021, we will actively make these investments and keep total expenses at the same level as the fiscal year under review through the effects of the full-year contribution of fixed cost reductions from structural reforms.