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Corporation
FINANCE
mitsubishi.com

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Investments

52

Portfolio Exits

11

Funds

1

Partners & Customers

10

About Mitsubishi

Mitsubishi is a corporation based out of Tokyo, Japan.

Mitsubishi Headquarter Location

Kishimoto Building 1F 6-3, Marunouchi 2-Chome, Chiyoda-Ku

Tokyo, 100-8086,

Japan

81 3 3210 2121

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Mitsubishi Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Mitsubishi Rank

Research containing Mitsubishi

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CB Insights Intelligence Analysts have mentioned Mitsubishi in 1 CB Insights research brief, most recently on Mar 16, 2022.

Latest Mitsubishi News

Irish-based energy trader Erova’s profits drop to €5.7m

Aug 8, 2022

The after-tax profits Dublin-based energy trading provider Erova Energy – which was co-founded by two former ESB executives – fell last year to €5.7m from €8.5m the previous year, newly filed accounts for the business show. The energy trading business’s revenue surged to €293m last year from €91m in 2020 due to the continuing rise in wholesale energy prices. It focuses on the provision of risk and revenue optimisation of renewable energy technology. It has also expanded its presence on the offshore wind energy market in the UK. Erova was co-founded in 2015 by its managing director Michael Brennan and director of trading Fergal O’Donnell. Mr Brennan worked for the ESB as a proprietary trader and analyst, while Mr O’Donnell managed the semi-state company’s thermal fleet, renewables and interconnectors. Until 2018, Erova was solely owned by the co-founders as well as a UK backer and Swiss private equity firm, Seren. A sales process for Erova was launched in the middle of 2017 by advisory firm Jones Lang LaSalle. In 2018, Japanese corporate giant Mitsui acquired a significant stake in the Irish company. It now owns 35pc of the business. Last year, Erova paid a €2m dividend to shareholders, which followed a €3m dividend paid in 2020. The latest set of accounts for Erova note the impact of soaring energy prices over the past year. “The historic rally in commodities was most notably felt in the UK supply market and led to over 30 UK power and gas suppliers – as well as the largest provider of gas shipping services – failing,” the accounts note. The company said that in 2020, it had introduced an internal credit scoring system to set limits, monitor and report bilateral credit exposures. “This system, along with responsive settlement processes, helped Erova minimise its exposure to the default of two UK supply market counterparties,”  the accounts point out. They add that Erova secured an expanded credit facility with a key relationship bank, giving the firm greater liquidity, if needed, as “wider energy market credit events become more commonplace”. Business Newsletter Sign Up Last month, another Irish energy trading firm, ElectroRoute, was wholly acquired by existing shareholder Mitsubishi in a multi-million-euro deal. The Japanese group already owned almost 65pc of the company, having bought a controlling stake in 2016. Dublin-headquartered ElectroRoute was founded by executives, including its chief executive Ronan Doherty, in 2011 and employs 90 people across Ireland, the UK, mainland Europe and Japan. Its profit after tax increased to €7.3m last year from €5.8m in 2020. Separately, wind energy provided 21pc of Ireland’s power in July, new figures released this morning show. Wind has now provided 34pc of Ireland’s electricity since the beginning of the year, according to data from Wind Energy Ireland. “While figures in July are lower than previous months, this is in line with seasonal expectations,” said Noel Cunniffe, the chief executive of Wind Energy Ireland. Related topics

Mitsubishi Investments

52 Investments

Mitsubishi has made 52 investments. Their latest investment was in Morgenrot as part of their Corporate Minority on May 5, 2022.

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Mitsubishi Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/20/2022

Corporate Minority

Morgenrot

Yes

2

10/29/2020

Unattributed VC

WiTricity

$34M

Yes

17

11/16/2015

Unattributed VC

Principle Power

Yes

1

12/27/2004

Series A

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10

12/1/2004

Series A

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10

Date

5/20/2022

10/29/2020

11/16/2015

12/27/2004

12/1/2004

Round

Corporate Minority

Unattributed VC

Unattributed VC

Series A

Series A

Company

Morgenrot

WiTricity

Principle Power

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Amount

$34M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

17

1

10

10

Mitsubishi Portfolio Exits

11 Portfolio Exits

Mitsubishi has 11 portfolio exits. Their latest portfolio exit was Optimer Photonics on February 22, 2008.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/22/2008

Asset Sale

$99M

1/28/2008

Acquired

$99M

6/15/2006

Asset Sale

$99M

Undisclosed Investors

9/3/2003

IPO

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$99M

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10

3/1/2003

IPO

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$99M

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10

Date

2/22/2008

1/28/2008

6/15/2006

9/3/2003

3/1/2003

Exit

Asset Sale

Acquired

Asset Sale

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Investors

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Sources

10

10

Mitsubishi Fund History

1 Fund History

Mitsubishi has 1 fund, including Mitsubishi PE Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Mitsubishi PE Fund

Fund Of Funds

Open

1

Closing Date

Fund

Mitsubishi PE Fund

Fund Type

Fund Of Funds

Status

Open

Amount

Sources

1

Mitsubishi Partners & Customers

10 Partners and customers

Mitsubishi has 10 strategic partners and customers. Mitsubishi recently partnered with Sinar Mas Land, and Surbana Jurong on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/12/2021

Partner

Indonesia, and Singapore

Surbana Jurong, Mitsubishi and Sinarmas Land to jointly develop Jakarta transport complex

Surbana Jurong and Mitsubishi Corporation 's joint venture company Mitbana will be jointly developing a multi-modal transport complex in Greater Jakarta with Bumi Serpong Damai , a subsidiary of Sinarmas Land project , which is Mitbana 's first undertaking in Indonesia , involves the construction of a new transit-oriented development located in the Intermoda district in Bumi Serpong Damai City , a satellite township in Greater Jakarta developed and managed by Bumi Serpong Damai.The Intermoda TOD will offer access to multiple public transportation options including road , rail , and park-and ride facilities aimed at reducing congestion from the BSD area to Central Jakarta.The TOD will have a connection to the Cisauk Train Station , which is situated along the commuter line that connects directly to Jakarta 's Sudirman Central Business District in under an hour.When completed , the entire Intermoda TOD will cover a land area of approximately six hectares .

1

3/23/2021

Client, and Vendor

RTA, and Keolis

United Arab Emirates, and France

Mitsubishi Corporation - Press Room - 2021 - Mitsubishi Corporation awarded 15-year contract to operate the Dubai’s world class driverless metro in Dubai and tram networks

Mitsubishi Corporation , Mitsubishi Heavy Industries and KEOLIS S.A. are pleased to announce that they have formed a consortium and signed a 15-year contract to operate and maintain Dubai 's world class driverless metro in Dubai and tram networks with the Roads & Transport Authority of Dubai .

1

1/11/2021

Partner

Japan

FUJIFILM Diosynth Biotechnologies Begins Production of Two COVID-19 Vaccines Candidates at Texas Facility.

FUJIFILM Diosynth Biotechnologies is a partnership between FUJIFILM Corporation and Mitsubishi Corporation .

1

1/1/2021

Partner

United States

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0

10/1/2020

Partner

Turkey, and Japan

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10

Date

4/12/2021

3/23/2021

1/11/2021

1/1/2021

10/1/2020

Type

Partner

Client, and Vendor

Partner

Partner

Partner

Business Partner

RTA, and Keolis

Country

Indonesia, and Singapore

United Arab Emirates, and France

Japan

United States

Turkey, and Japan

News Snippet

Surbana Jurong, Mitsubishi and Sinarmas Land to jointly develop Jakarta transport complex

Surbana Jurong and Mitsubishi Corporation 's joint venture company Mitbana will be jointly developing a multi-modal transport complex in Greater Jakarta with Bumi Serpong Damai , a subsidiary of Sinarmas Land project , which is Mitbana 's first undertaking in Indonesia , involves the construction of a new transit-oriented development located in the Intermoda district in Bumi Serpong Damai City , a satellite township in Greater Jakarta developed and managed by Bumi Serpong Damai.The Intermoda TOD will offer access to multiple public transportation options including road , rail , and park-and ride facilities aimed at reducing congestion from the BSD area to Central Jakarta.The TOD will have a connection to the Cisauk Train Station , which is situated along the commuter line that connects directly to Jakarta 's Sudirman Central Business District in under an hour.When completed , the entire Intermoda TOD will cover a land area of approximately six hectares .

Mitsubishi Corporation - Press Room - 2021 - Mitsubishi Corporation awarded 15-year contract to operate the Dubai’s world class driverless metro in Dubai and tram networks

Mitsubishi Corporation , Mitsubishi Heavy Industries and KEOLIS S.A. are pleased to announce that they have formed a consortium and signed a 15-year contract to operate and maintain Dubai 's world class driverless metro in Dubai and tram networks with the Roads & Transport Authority of Dubai .

FUJIFILM Diosynth Biotechnologies Begins Production of Two COVID-19 Vaccines Candidates at Texas Facility.

FUJIFILM Diosynth Biotechnologies is a partnership between FUJIFILM Corporation and Mitsubishi Corporation .

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Sources

1

1

1

0

10

Mitsubishi Team

1 Team Member

Mitsubishi has 1 team member, including former Senior Vice President, Brian Allen.

Name

Work History

Title

Status

Brian Allen

Senior Vice President

Former

Name

Brian Allen

Work History

Title

Senior Vice President

Status

Former

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