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Message from the President

Mitsubishi Corporation Power Systems, Inc. founded in 1980 as a wholly-owned subsidiary of Mitsubishi Corporation, has been dealing with thermal, nuclear and other types of power plants primarily in Japan, and businesses related to nuclear fuel. Through these business activities, we have gained much experience and built an excellent track record as a specialized trading company in the electric power industry sector. I would like to take this opportunity to express my heartfelt appreciation to our long-term partners for their continued business and support, without which we were not able to be here today. (Since April 1, 2021, as a wholly-owned subsidiary of Mitsubishi Corporation Energy Solutions.)

Japan’s energy policy is based on a principle called “S+3E”. It means that, with the ‘‘Safety’’(“S”) as a major precondition, top priority is placed on the ‘‘Energy Security” (the first “E”) which means the stable supply of energy. The next one is the “Economic Efficiency” (the second “E”) where maximum efforts are made to achieve low-cost energy supply. Finally, we have to pursue our energy supply in harmony with the “Environment” (the third “E”). Different power sources have their respective advantages and disadvantages, and no single power source alone can fulfill all of the “S+3E” requirements. It is therefore imperative for us to make full use of the optimal combination of diverse power sources, and therefore, ‘‘the Long-term Energy Supply and Demand Outlook (energy mix)’’ put together by the Government of Japan presents the ideal mix of power sources in this regard.

The electric power industry is undergoing a time of turbulence, caused by the ‘‘Electric Power Systems Reform’’. Under such circumstances, by demonstrating our unique roles and presence as a trading company through construction and maintenance of thermal, nuclear and renewable energy power plants and related facilities in the domestic electric power industry, we are quite determined to pursue our mission of contributing to achieving the ideal energy mix and ensuring a stable supply of electricity, which is the essential element in our country’s future development and evolution.

Based upon our trustful relationship with Mitsubishi Heavy Industries, Mitsubishi Power, Mitsubishi Electric, and other electric power related manufacturers, we, jointly with Mitsubishi Corporation, are committed to step up our concerted efforts by responding to the challenges in our business environment toward the goal of being acknowledged as one and the only trading company of customer’s choice in the domestic electric power industry which is striving for a sustainable growth.