Bases on the Memorandum of Understanding (MOU) signed among MITSUI E&S Co., Ltd. (MES: President: Takeyuki TAKAHASHI), Yılport Holding A.Ş. (Yılport: Chairman: Robert Yuksel Yildirim) and Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) that aims to support Yılport's port development by using the port container cranes of MES, JBIC and Yılport has signed a buyer's credit (export loan) agreement.

The loan is intended to provide the necessary funds and co-financed with ING Bank N.V., Tokyo Branch, through Yılport, for LISCONT-Operadores de Contentores, S.A., a Portuguese subsidiary of Yılport, to put four port container cranes from MES into the operation at the Liscont Terminal in Lisbon, Portugal.

JBIC provides financial support to assist Japanese companies in the export of machinery and equipment and in the overseas expansion of their businesses by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function. We MES plan to support one of the leading global terminal operators, Yılport aiming to further expand its business around the world as well as to expand it global container crane business all over the world including USA, Europe, ASEAN countries and so forth.

Contact details for this Press Release:
For inquiries regarding products and technologies:
Sales Department, Logistics Systems Division
TEL　+81-3-3544-3904

For media inquiries:
Internal Control Section, Corporate Planning Development
TEL　+81-3-3544-3147

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Takeyuki Takahashi; hereinafter "MITSUI E&S") and our subsidiary company in the United States, PACECO Corp. (Headquarters: California, U.S., President: Kazuhiro Yamakaji; hereinafter "PACECO") have received an order from the American port operating company, International Transportation Service, LLC. (hereinafter "ITS") for Eight (8) MITSUI-PACECO Near Zero Emission Hybrid Transtainer cranes (Rubber Tyred Gantry crane) for the Port of Long Beach, California, in anticipation of future conversion to zero-emission cranes.

This marks our first U.S. order following the U.S. government's announcement in February 2024, focusing on enhancing port cybersecurity and managing cyber risk for Chinese-made cranes deployed at critical commercial ports via the U.S. Coast Guard (USCG).

Since 1985, we have delivered approximately Twenty (20) MITSUI -PACECO Portainer cranes (Ship to Shore Gantry Cranes) and Forty (40) MITSUI -PACECO Transtainer to ITS. These new cranes are same type as the five cranes delivered in 2023. We are making every effort for the Clean Air Action Plan which aims at zero emissions of all cargo handling equipment at the Port of Los Angeles and Port of Long Beach by 2030.

As pioneers in crane manufacturing industry, MITSUI E&S and PACECO will continue to contribute to the safety of port infrastructure in the U.S., providing high-quality and environmentally-friendly cranes, supporting our customers' operations and aiming for further business expansion in the U.S. region.

Contact details for this Press Release:
For inquiries regarding products and technologies:
Sales Department, Logistics Systems Division
TEL　+81-3-3544-3904

For media inquiries:
Internal Control Section, Corporate Planning Development
TEL　+81-3-3544-3147

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo, President and CEO: Takeyuki Takahashi; hereinafter "MITSUI E&S") has achieved accumulated engine production of 120 million horsepower with a single engine model.

This record has been achieved with MITSUI-MAN B&W 7G95ME-C10.6-EGRTC, which has been manufactured as the 7,525th engine. This is the main engine for 13,700 TEU container carrier to be built at Imabari Shipbuilding CO., LTD. (Headquarters: Imabari, Ehime, President: Yukito Higaki) for Ocean Network Express Pte. Ltd.

The production record of MITSUI-MAN B&W engines achieved 100 million horsepower in June 2018, followed by another 20 million horsepower in the next 6 years and 5 months. In the total 96 years since the first engine manufactured in 1928, accumulated production of 120 million horsepower has been achieved.
In FY2024, MITSUI E&S group expects its annual production of engine to be about 3.04 million horsepower.

Since entered into the license agreement with Burmeister & Wain's in Denmark in 1926, now MAN Energy Solutions, MITSUI E&S has been building its experience as the world's leading marine propulsion system supplier.

MITSUI E&S will continue to develop products that meet market needs, including the development of dual-fuel engines for GHG reduction, and contribute to the construction of environmentally friendly ships at shipyards in Japan as we have in the past.

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo, President and CEO: Takeyuki Takahashi; hereinafter "MITSUI E&S") announces that it has received an order from TSUNEISHI　CORPORATION (Headquarters: Fukuyama City, Hiroshima Prefecture, President & CEO: Hidetada Kambara) for a VD4-250GH-OL high-pressure, high-flow hydrogen compressor for use in Japan's offshore hydrogen station, which is being built by JPN H2YDRO CO., LTD. (Headquarters: Fukuyama City, Hiroshima Prefecture, Representative Director: Hirotatsu Kambara; hereinafter "JPN H2YDRO").

The goal of the Nippon Foundation Zero Emission Ships Project is to achieve carbon neutrality in the shipping sector amid the global trend toward decarbonization. As part of this project, the VD4-250GH-OL will be used at Japan's first offshore hydrogen station to supply hydrogen to hydrogen-fueled ships, including tugboats equipped with hydrogen co-firing engines. The station is currently being built by JPN H2YDRO.

The VD4-250GH-OL's design is optimized for longevity. It enables stable hydrogen compression with minimal downtime and is equipped with technologies based on long track record in high-flow compressors for petroleum refining and chemical plants all over the world by MITSUI E&S and extensive expertise in high-pressure hydrogen compression technology by our group company, KAJI TECHNOLOGY CORPORATION(Headquarters: Sakai City, Osaka, President: Katsunori Matsuoka), who have the largest share market at Japanese hydrogen stations. The VD4-250GH-OL boasts high reliability and durability with the ability to compress hydrogen up to 50 MPa at a flow rate of 100 kg/h.

The compressor is also characterized by its high-pressure high flow rate. Even with this flow rate, it is physically smaller than existing compressors, making it a space-saving compressor that can be used in a wide range of processes for the transportation and supply of hydrogen.

MITSUI E&S began manufacturing reciprocating compressors in 1961 and has delivered more than 1,200 reciprocating compressors to customers all over the world, for use in essential oil refining and chemical plants. MITSUI E&S will continue to contribute to a recycling-oriented and decarbonized society through its supply of compressors to facilities such as hydrogen stations and hydrogen production equipment in the hydrogen market, as well as to SAF plants.

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Takeyuki Takahashi; hereinafter referred to as "MITSUI E&S") will participate in the " Hydrogen Technology Expo Europe 2024" to be held in Hamburg, Germany on 23 (Wednesday) and 24 (Thursday) October, 2024.

At our exhibition booth, you can explore our essential products for realizing a hydrogen society, focusing on the high-pressure hydrogen compressor.

The hydrogen market is requiring larger capacity in hydrogen production plant and hydrogen refueling station by increasing the anticipated expansion of usage in the mobility sector such as heavy-duty vehicles, ships, and cargo handling equipment etc.
High-pressure hydrogen compressor has produced based on long track record in high-flow compressors for petroleum refining and chemical plants all over the world by MITSUI E&S and extensive expertise in high-pressure hydrogen compression technology by our group company, KAJI TECHNOLOGY CORPORATION (Headquarters: Sakai City, Osaka, President: Katsunori Matsuoka), who have the largest share market at Japanese hydrogen stations. High-pressure hydrogen compressor boasts high reliability and durability with the ability to compress hydrogen to up to 50 MPa at a flow rate of 100 kg/h.

As the hydrogen society expands, MITSUI E&S is committed to create a decarbonized society by providing various products and services with superior cost-effectiveness and reliability for the high-pressure hydrogen gas manufacturing, transportation and utilization sectors, where the market is expected to expand.

We look forward to welcoming you.

Contact details for this Press Release
MITSUI E&S Co., Ltd. Overseas Sales Gr. Marketing Dept. New Business Development Div.
+81-3-3544-3951

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Takeyuki Takahashi; hereinafter "MITSUI E&S"), together with Yilport Holding A.Ş. (Headquarters: Turkey; Chairman: Robert Yuksel Yildirim, hereinafter "Yilport") and Japan Bank for International Cooperation (Headquarters: Chiyoda-ku, Tokyo; Governor: Nobumitsu Hayashi; hereinafter "JBIC") have executed a Memorandum of Understanding (hereinafter "MOU") in order to have further cooperation for Yilport to expand their container terminal business throughout the world.

The MOU is intended to facilitate further discussion to enhance Yilport's container terminal business hereafter by procuring container cranes to be manufactured by MITSUI E&S and by making extensive use of the financial supports to be provided by JBIC, amid Yilport's continued efforts to develop their worldwide business including Central/South America as well as Africa, as one of the largest Global Terminal Operators.

MITSUI E&S is the crane supplier who manufactured and delivered the first container cranes in 2007 to Gebze Port in Turkey which is Yilport's first container terminal to operate, then MITSUI E&S has continuously supported Yilport's global business development by making and delivering 93 container cranes to 5 Yilport's container terminals, not only to Gebze Port and Gemlik Port in Turkey but also other terminals in Sweden, Portugal and Ecuador. Furthermore, the buyer's credit loan was granted by JBIC for container cranes delivered by MITSUI E&S to Gebze Port in 2015.

MITSUI E&S will keep making further contributions to Yilport's Global Terminal Operator business growth in the world and expanding its port equipment business in the global market by making maximum use of the financial supports to be provided by Japanese financial institutions.

Contact details for this Press Release:
For inquiries regarding products and technologies:
Sales Department, Logistics Systems Division
TEL　+81-3-3544-3904

For media inquiries:
Internal Control Section, Corporate Planning Development
TEL　+81-3-3544-3147

MITSUI E&S Co., Ltd. (President: Takeyuki Takahashi, Head Office: Chuo-ku, Tokyo; hereinafter " MITSUI E&S ") has decided to introduce a support system for our employees to support doctoral human resources and plan to start operating it from FY 2025 in response to a request from MEXT (the Ministry of Education, Culture, Sports, Science and Technology) to the industry side.
In recent years, the number of doctoral students in Japan is decreasing every year, and there are raising concerns that this will lead to a decline in Japan's scientific and technological capabilities. At our company, technological development capabilities are fundamental to our business operations. Based on such circumstances, MITSUI E&S has recognized the need to cultivate and support highly specialized personnel, including doctoral human resources, and have decided to introduce the following supports. These supports will enhance our business competitiveness as well as improve Japan's scientific and technological capabilities and international competitiveness.


1. Repay the scholarship on behalf of doctoral degree holders
(1) Eligibility: Permanent employees who joined us in April 2025 or later as doctoral degree holders
(2) Outline of support: MITSUI E&S will repay on behalf of the eligible employee for the scholarship*1 that is applicable to the proxy return system, which they had received while enrolled in the doctoral program.
*1...The reimbursement scholarship of Japan Student Services Organization (JASSO)

2. Doctoral Degree Support Program for Our Employees
All of the following are in support of doctoral programs.
(1) Eligibility: Permanent employees who have been with us for more than two years at the time of application for this support system in FY2025
(2) Outline of support
①Tuition support (up to 1,000,000 yen per year, including admission fee)
②Consideration for working hours (allowing employees to work 4 days a week to secure 1 study day per week)

Our "engineering and services" are provided by our employees, and MITSUI E&S regards human resources as the most important management resource in the expression of our corporate philosophy and the realization of our growth strategy. In order to respond to the rapidly changing times and develop human resources who can create new value together with our customers, MITSUI E&S will actively support the career advancement of our employees in addition to promoting efforts to secure diversity in human resources.

Contact details for this Press Release:
HR & General Affairs Dept. HR Sect.
E-mail: recruit@mes.co.jp

For media inquiries:
Internal Control Section, Corporate Planning Department
Tel: +81-3-3544-3147

MITSUI E&S Group (the "Group") has already achieved the final targets of "Mid-Term Business Plan 2023," which were announced in May 2022, in the previous fiscal year ended March 31, 2024, significantly ahead of the original schedule. With that fact, MITSUI E&S Co., Ltd. (the "Company") hereby announces that the Group has formulated its brand-new mid-term business plan, "MITSUI E&S Rolling Vision 2024."

1.Background of the Formulation of MITSUI E&S Rolling Vision 2024
The Group has completed its Business Revival Plan and is making steady progress toward healthier financial structure and better profitability, and the Group's business foundation has improved significantly since the time of the formulation of the Mid-Term Business Plan 2023.

On the other hand, the business environment surrounding the Company is changing significantly and rapidly such as foreign exchange rates and market conditions. In order to strengthen our business foundation and in light of the rapidly changing business environment, the Group has formulated MITSUI E&S Rolling Vision 2024 as a rolling method that depicts the Group's continuous growth and will be constantly updated rather than fixed for the next three years. Under this plan, the Group will seek to realize the continuous growth and increase corporate value, responding flexibly to changes in the environment.

2. Overview of MITSUI E&S Rolling Vision 2024

Aiming for： ROIC ^*1 > WACC ^*2 (targets: ROIC > 8%, ROE > 10%, and PBR ^*3 > 1.0)
^*1 ROIC: Return On Invested Capital, ^*2 WACC: Weighted Average Cost of Capital, ^*3 PBR: Price-to-Book Ratio

The Group will strive to increase corporate value by shifting to Cost of Equity and Cost of Debt Conscious Management from operating income ratio conscious management, aiming for ROIC over WACC.
For details, please refer to "MITSUI E&S Rolling Vision 2024."
MITSUI E&S Rolling Vision 2024(PDF 908KB)