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About Indiana Packers Corporation

In Japanese mitsubishi means "three diamonds" and Mitsubishi Corporation is one of Japan's crown jewels. It is one of the world's top integrated business enterprises with operations across many industries, including retail and consumer products, energy, metals, machinery, and chemicals. Beyond its core businesses, Mitsubishi also invests in diverse businesses like natural resources development, new energy, and technology-related businesses. With approximately 125 offices, plus a network of more than 1,700 group companies, Mitsubishi is present in about 75 countries.


Mitsubishi has ten reporting segments that run the gamut from apparel to water infrastructure.

Mineral Resources generates about 40% of revenue. It engages in investing and developing mineral resources, such as metallurgical coal, copper, iron ore, and aluminium.

Natural Gases generates about 15% of revenue. It engages in natural gas/oil exploration, production and development business and the liquefied natural gas (LNG) business.

Food Industry gives in roughly 10% of revenue. It engages in sales, trading, business development, and other operations across a wide range of business areas related to food.

Other segments like Power Solution, and Industrial Infrastructure gives in about 10%, while Urban Development, Industrial Materials, Consumer Industry, Automotive Mobility, and Petroleum & Chemicals generate more than 20% of revenue combined.

Geographic Reach

Tokyo-based, Mitsubishi has roughly 175 offices in Japan and in about 75 other countries. Its natural gases segment operates in North America, South East Asia, Australia, Russia, and other region.

Financial Performance

The company's revenue has been volatile in the past five years. Despite this, revenues had a 113% growth between 2016 and 2020.

Revenues was ¥14.8 trillion, a decrease of ¥1.3 billion or 8% year over year. This was mainly due to a decrease in transaction volumes in the Petrochemicals business.

Net income decreased to ¥535.4 billion in 2020 compared with ¥590.7 billion in 2019.

Cash and cash equivalents at the end of 2020 totaled ¥1.3 trillion. Operating activities provided ¥849.7 billion while investing activities used ¥500.7 billion. Financing activities used another ¥156.6 billion mainly for repayments of long-term debts.


Mitsubishi Corporation has conceived its latest management plan, entitled "Midterm Corporate Strategy 2021: Achieving Growth Through Business Management Model." It will take effect from fiscal year 2019.

The new strategy will lay the groundwork for MC's sustainable growth over the next three years, recognizing how worldwide economic and geopolitical trends are putting pressure on enterprises to evolve its business models. Such trends include the US administration's America-First agenda, China' One-Belt, One-Road policy and the so-called "Fourth Industrial Revolution," the hallmarks of which are advancing digital technologies and the evolution of platform businesses.

Mergers and Acquisitions

In late 2019, Mitsubishi Corporation (MC) and Chubu Electric Power Co., Inc. (Chubu) were selected as the preferred buyers in a bid for the Netherland-based Energy Company Eneco, an integrated energy company that is actively engaged in renewable power generation projects, for 4.1 billion Euros. This acquisition will help Mitsubishi to accelerate its own renewable developments in Europe and around the world.

Company Background

Mitsubishi Corporation was founded and went public as Mitsubishi Shoji in 1954. In 1968 it took on the first large-scale international project in Brunei to develop LNG assets, followed by iron-ore and metallurgical coal projects in Australia and Canada, and salt field business in Mexico.

In 1971 the company made "Mitsubishi Corporation" its official English name. In 1989 it was listed on the London Stock Exchange. 

Indiana Packers Corporation

6755 W 100 N
Delphi, IN 46923
Phone: 1 (765) 564-3680

Firm Stats

Employer Type: Privately Owned
Chief Executive Officer of the United: Phil Seng
President and COO: Russell Yearwood

Major Office Locations

Delphi, IN