GREETINGS
Bussan Sumisho Carbon Energy Co., Ltd. was established in 1996 as a spin-off from Mitsui & Co., Ltd., in collaboration with Chichibu Onoda Cement Corporation (now Taiheiyo Cement Corporation), to provide specialized services in thermal coal supply to the general industries, particularly the cement, chemical, and paper manufacturing sectors. In 2001, we integrated Sumitomo Corporation's thermal coal supply business for general industries and changed our name to Bussan Sumisho Carbon Energy Co., Ltd. With the support of our valued partners, we are approaching our 30th anniversary.
Today, in addition to thermal coal, we are expanding our portfolio to include renewable energy sources aimed at decarbonization, such as palm kernel shells, pistachio shells, cashew nut shells, and Tire Derived Fuel(TDF). We have grown into a company that combines domestic and international inventory and small-lot transportation functions to meet our customers' needs. Although half of our supply was sourced from Russia until 2022, the invasion of Ukraine prompted us to begin sourcing coal from South Africa and Colombia as alternatives. We also started utilizing trans-shipment bases in China and South Korea to offer new logistics functions.
In an era where the pace of change and evolution in lifestyles, economic structures, technologies, and business models is accelerating, our industry is undergoing significant transformation.
We see our mission as "creating a future filled with light, realizing the richness and dreams of people." To this end, our mid- to long-term vision is "to ensure a stable supply of energy sources and address social issues through carbon neutrality." Our values to achieve this mission and vision are "Passion," "Diversity," "Sincerity and Integrity," and "Challenge & Change." We are committed to always being close to our customers, sincerely responding to their various needs and expectations, constantly evolving and growing, and continuously challenging ourselves for the development of the general industry.
President and Chief Executive Officer
Koichiro Kimura
CORPORATE PHILOSOPHY
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To create a future filled with light, realizing the prosperity and dreams of people.
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Solve social issues through the stable supply of energy sources and achieving carbon neutrality.
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Passion
We approach our work with passion, always staying close to our customers and providing functional solutions.
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Diversity
We integrate diverse expertise to co-create new value.
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Sincerity and Integrity
We work with humility, fairness, and honesty, performing tasks we can be proud of in the future. We adhere to laws, rules, corporate ethics, and social norms.
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Challenge
& ChangeWe embrace our dreams, challenge ourselves, create change, and continue to grow.
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COMPANY PROFILE
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Company Name
BUSSAN SUMISHO CARBON ENERGY CO., LTD. (MISEC)
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Representative
Koichiro Kimura, President and Chief Executive Officer
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Address
8F Glass City Koraku, 1-1-7 Koraku, Bunkyo-ku Tokyo.
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Telephone
+81-3-5804-2050
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Establishment
February 1, 1996
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Capital
¥100 million
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Sales
¥115,875 million (year ended March 2024)
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Stockholder
Mitsui & Co., Ltd. (51%)
Sumitomo Corporation (30%)
TAIHEIYO CEMENT CORPORATION (19%)
HISTORY
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1996
Part of coal division of Mitsui & Co., Ltd was spined off and Mitsui Bussan Carbon Energy Co., Ltd. was established as joint venture between Mitsui & Co., Ltd and Chichibu Onoda Cement Corporation (current Taiheiyo Cement Corporation), focusing on thermal coal trading for Japanese general industry.
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2001
Part of coal division of Sumitomo Corporation joined and name was changed to Bussan Sumisho Carbon Energy Co., Ltd.
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2004
Started trading coal from Sakhalin (Russia) as diversification of supply sources.
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2010
The domestic demand for coal in China has significantly increased, resulting in a sharp reduction in export capacity. As a result, the handling of Chinese coal has come to a complete halt.
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2014
Launched Biomass fuel trading business, and started trading of PKS
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2015
20th anniversary of the founding, held ceremony
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2018
The Sales and Development Division 3 was established as a dedicated unit for biomass fuels, reflecting the company's commitment to expanding its expertise in this sector.
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2020
The COVID-19 pandemic dealt a severe blow to global economic activities, with the price of Australian thermal coal plunging below USD 50, marking a significant downturn.
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2022
In the wake of Russia's invasion of Ukraine, the company commenced handling South African and Colombian coal as alternative sources to Russian coal. Additionally, the utilization of transshipment hubs in China and South Korea was initiated, further enhancing logistical capabilities.