Marubeni Corporation
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Formerly called
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Marubeni-Iida (1955–1972) |
|---|---|
| Public KK | |
| Traded as | : |
| Industry | General trading company |
| Founded | 1949 |
| Headquarters | Chiyoda, Tokyo, Japan |
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Key people
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Fumiya Kokubu (President and CEO) Teruo Asada (Chairman) |
| Revenue |
 ¥10,509 billion (Mar. 2013) |
 ¥205.7 billion (Mar. 2013) |
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| Total assets |
¥5,965 billion (Mar. 2013) |
| Total equity |
¥1,132 billion (Mar. 2013) |
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Number of employees
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39,126 including subsidiaries (Mar. 2013) |
| Website | marubeni |
Marubeni Corporation (丸紅株式会社 Marubeni Kabushiki-gaisha?) (: , OSE: 8002, : 8002) is a sōgō shōsha (general trading company) headquartered in Ōtemachi, Chiyoda, Tokyo, Japan.Marubeni is the fifth-largest sogo shosha and has leading market shares in cereal and paper pulp trading as well as a strong electrical and industrial plant business.
Marubeni is a member of the Mizuho keiretsu.
Marubeni was established in 1918 as Itochu Shoten, Ltd. in a spin-off of certain sales divisions of C. Itoh & Co. () into a separate entity. Itochu Shoten merged with Itoh Chobei Shoten in 1921 to form Marubeni Shoten, Ltd. under the leadership of Chobei Itoh IX. Marubeni started out as a textile trading firm and expanded to trade in other consumer and industrial goods during the 1920s.
Marubeni was re-combined with Itochu during World War II to form Sanko Kabushiki Kaisha Ltd. (1941–44) and Daiken Company, Ltd. (1944–48). This conglomerate was dismantled in the wake of the war and Marubeni again emerged as a separate trading company in 1949. Post-war Marubeni was predominantly a textile trading firm at its outset, but diversified into machinery, metals and chemicals, with textiles barely forming a majority of its business by the end of the decade.
Marubeni merged with Takashimaya-Iida, a trading company that owned the Takashimaya department store chain, in 1955, changing its name to Marubeni-Iida from 1955 to 1972. The merger was orchestrated by Fuji Bank in order to create a stronger trading company partner for the bank's corporate customers. Marubeni and Fuji Bank developed a network of corporate clients which was formalized as the Fuyo Group keiretsu in the 1960s, paralleling the development of the DKB Group and Sanwa Group. The Fuyo Group included Hitachi, Nissan, Canon, Showa Denko, Kubota and Nippon Steel.
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