The Logistics Services Division seeks to develop logistics and insurance businesses that are unique to MC by offering high-value-added solutions that integrate expertise accumulated from front-line logistics with IT and financial know-how. The division is also working with other divisions of this group to develop the industrial REIT business.

In the logistics business, our strategic subsidiary Mitsubishi Corporation LT, Inc. (MCLT) continues to expand and upgrade overseas logistics bases with the aim of improving customer satisfaction. MCLT offers consulting and subcontract operational management services relating to supply chain optimization in the apparel, automotive and other fields.

In the tramp chartering business, amid tight supplies of shipping, we continue to help Japan secure stable supplies of raw materials such as coal, iron ore, cokes, salt, grain and so on. Working in close cooperation with MC's value chains, the division is expanding operations in freighters chartered to transport specific cargoes or to ply specific routes.

In the insurance sector, we are developing a number of businesses via subsidiaries. We are developing captive reinsurance operations through New Century Insurance Co., Ltd. to supply underwriting capacity to the fronting insurance companies covering the risks of MC Group firms. Operating as a comprehensive risk consultant, MC Insurance Center, Ltd. provides insurance solutions for both corporate and consumer risks.