Management Vision for 2050
Amid the significant change in the business environment surrounding the Mitsubishi Kakoki Group, we established the "Mitsubishi Kakoki Group's Management Vision for 2050" in 2021 under the vision statement of "Endeavoring to realize sustainable development and realizing a comfortable society," in order to continue our sustainable growth. We will endeavor to realize the vision by clarifying five social issues our corporate group should solve, pursuing four strategic business domains, and establishing a new business portfolio for addressing social issues.
Five social issues
We defined five social issues we should solve by utilizing the know-how nurtured through "appropriate response to trends" and "technologies for manufacturing and engineering that would help solve social issues" by 2050 as "CO2 emissions and climate change," "recycling of resources," "water and food," "natural disaster," and "shortage of manpower."
＊1: Total number of cases of floods, abnormal weather, landslides, droughts, and wildfire
＊2: People aged 65 years or older were defined as elderly people
Four strategic business fields
In order to address the five social issues, we aim to establish four strategic business domains: "business for realizing a sustainable recycling-based society," "hydrogen-based clean energy business," "labor-saving and energy-saving business utilizing digital technology," and "business of developing next-generation technologies for solving issues about water, food, natural disaster, etc." by pursuing existing business and acquiring new business.
Core businesses in 2035
| Businesses | Details | Major technologies | |
|---|---|---|---|
| 1. | Business for realizing a sustainable recycling society | Business of recycling waste including CO2 discharged from the industrial sector and general households |
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| 2. | Hydrogen-based clean energy business | Business of generating and utilizing hydrogen-based clean energy that would reduce CO2 emissions |
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| 3. | Business of saving labor and energy utilizing digital technology | E&M＊3 and O&M ＊4 business that would help minimize energy consumption and waste at factories by utilizing digital technology |
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| 4. | Business of developing next-generation technologies for solving issues related to water, food, natural disaster | To enter the fields of water, food, natural disaster, environmental conservation, local communities, etc. by improving existing technologies and developing new technologies |
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＊3: Engineering & manufacturing
＊4: Operation & maintenance
Ideal state for the MKK group
We aim to "endeavor to achieve sustainable development and realize a comfortable society" by operating four businesses based on the business statement to tackle the five social issues our corporate group should solve.
Reform of the business portfolio and an ideal revenue structure
Until 2035
Establishment of a core business and review of unprofitable businesses
- We aim to establish (1) a business for realizing a sustainable recycling-based society, (2) a hydrogen-based clean energy business, and (3) a business for saving labor and energy by utilizing digital technologies as strategic core businesses by 2035.
- We will pursue existing businesses with the aim of entering new business fields.
- We will review unprofitable existing businesses and reconstruct them to maintain our business scale with the aim of improving profitability.
From 2035 to 2050
Further expansion of our core businesses and new growing businesses
- We will add the new growing business "(4) next-generation technology" to the core businesses to be established by 2035, with the aim of expanding our business further.
- We aim to continue the existing businesses, which will remain in demand after 2035, while improving their profitability.
