COMPANY PROFILE

1,800

400,000 9.9%Approximately 2,000 companies throughout Japan employing 400,000 people use the PROSRV wage and personnel services provided by Mitsubishi Research Institute DCS.

+8.4%

Solutions Business Unit

Financial Business Unit

Card Business Unit

Shared Service Business Unit

Technology Promotion Business Unit

MRIDCS Americas, Inc.

MD Business PartnerCo., Ltd.

HR Solution DCS Co., Ltd.

Touhoku DCSCo., Ltd.

UBS Co., Ltd.

OPT JAPAN Co., Ltd.

MRI Value Consulting &Solutions Co., Ltd.

IT-One Co., Ltd.

Policy and Public Affairs Business Unit

Enterprise Management Business Unit

Research and Development Unit

Mitsubishi Research Institute, Inc.

Think tank and consulting services

MRI Business, Inc.

MRI Research Associates Co., Ltd.

IT servicesMitsubishi Research

Institute DCS Co., Ltd.

Number of projects handled by Mitsubishi Research Institute each year:

Approximately

DCS InformationTechnology (Shanghai)

Co., Ltd.

Number of people covered by wage personnel management contracts with Mitsubishi Research Institute DCS:

MRI Group ROE

MRI Group net income growth in the current year

Approximately

0.2 point year-on-year improvement in the ratio of net income to shareholders’ equity in the year ended September 2015

Record net income for the second straight year in the year ended September 2015

April 2016

Kyota Omori

President and Representative Director Mitsubishi Research Institute, Inc.

The Mitsubishi Research Institute (MRI) Group is working toward the co-creation of a brighter future by finding solutions to meet the needs of its clients and society. All activities of the Mitsubishi Research Institute are guided

by our founding philosophy, which emphasizes an indepen-

dent, interdisciplinary, and future-oriented approach. This

same philosophy is reflected in activities of the Mitsubishi

Research Institute Group as a leading integrated organiza-

tion in the field of think tank and consulting services and IT

services. Our diverse team of professionals has skills span-

ning a wide range of fields. By combining this comprehen-

sive expertise, we will continue to offer one-stop solutions to

complex needs, including the proposal, design, and imple-

mentation of government policies and corporate strategies.

Rapid globalization and technological innovation are cre-

ating needs and issues at an unprecedented speed and at a

level of complexity never before experienced. Yet these pro-

cesses are also providing us with new approaches to the

solution of these problems. The pace of ICT innovation has

been especially dramatic, leading to disruptive change and

unprecedented innovation in many fields. The MRI Group is

responding to these far-reaching contextual changes by

using structural and scientific analyses to predict the future,

develop visions, and provide appropriate solutions.

Through a process of self-transformation, we have

moved forward from our traditional role based on thinking,

to a new approach that encompasses both thinking and act-

ing—“Think & Act tank”. We will continue to work with our

customers to create new value by supporting the realization

of a positive vision for the future of society.

Today’s world is beset with many complex problems and

conflicts that seem to herald a turning point in history. Yet,

history teaches us that it is in turbulent times that new

orders and new values emerge. In 2020, Japan will host the

Olympic and Paralympic Games. We will also celebrate the

50th anniversary of the founding of the Mitsubishi Research

Institute in that year. Approaching the future beyond that

milestone, we will proceed with a renewed determination to

contribute to the development of a sustainable and prosper-

ous society.

The goal of the Mitsubishi Research Institute Group is to

co-create a brighter future in partnership with our clients.

We will remain faithful to that goal as we work to achieve

sustainable growth for individuals and the organization while

maintaining integrity and fairness in our business activities.

We hope to earn the continuing support of every stakeholder.

Management Philosophy

(1) Use wisdom and information to contribute to society

(2) Maintain integrity and fairness in business activities

(3) Apply integrated strengths by combining the ability of diverse individuals

Company Name Mitsubishi Research Institute, Inc.

Head Office10-3, Nagatacho 2-Chome, Chiyoda-Ku, Tokyo 100-8141, Japan

Date of Establishment May 8, 1970

Representative DirectorsKyota Omori, President,Seiei Ono, Executive Vice President

Chairman of the Institute Hiroshi Komiyama

Capital 6,336 million yen

Number of Employees3,659 (Consolidated), 874 (Non-consolidated) (As of September 30, 2015)

URL www.mri.co.jp/english/index.html

Main Associated CompaniesMitsubishi Research Institute DCS Co., Ltd.MRI Business, Inc.MRI Research Associates Co., Ltd.MRI Value Consulting & Solutions Co., Ltd. MD Business Partner Co., Ltd. Touhoku DCS Co., Ltd. OPT JAPAN Co., Ltd. UBS Co., Ltd. IT-One Co., Ltd. DCS Information Technology (Shanghai) Co., Ltd. MRIDCS Americas, Inc.HR Solution DCS Co., Ltd.

1,800

400,000 9.9%Approximately 2,000 companies throughout Japan employing 400,000 people use the PROSRV wage and personnel services provided by Mitsubishi Research Institute DCS.

+8.4%

Solutions Business Unit

Financial Business Unit

Card Business Unit

Shared Service Business Unit

Technology Promotion Business Unit

MRIDCS Americas, Inc.

MD Business PartnerCo., Ltd.

HR Solution DCS Co., Ltd.

Touhoku DCSCo., Ltd.

UBS Co., Ltd.

OPT JAPAN Co., Ltd.

MRI Value Consulting &Solutions Co., Ltd.

IT-One Co., Ltd.

Policy and Public Affairs Business Unit

Enterprise Management Business Unit

Research and Development Unit

Mitsubishi Research Institute, Inc.

Think tank and consulting services

MRI Business, Inc.

MRI Research Associates Co., Ltd.

IT servicesMitsubishi Research

Institute DCS Co., Ltd.

Number of projects handled by Mitsubishi Research Institute each year:

Approximately

DCS InformationTechnology (Shanghai)

Co., Ltd.

Number of people covered by wage personnel management contracts with Mitsubishi Research Institute DCS:

MRI Group ROE

MRI Group net income growth in the current year

Approximately

0.2 point year-on-year improvement in the ratio of net income to shareholders’ equity in the year ended September 2015

Record net income for the second straight year in the year ended September 2015

1

As one of Japan’s leading think tanks, Mitsubishi

Research Institute has consistently acted as a trailblazer

in fields ranging from economics and business manage-

ment to social and public policy to science and technology.

We are continually working to create a brighter future in

collaboration with Mitsubishi Research Institute DCS Co.,

Ltd., which provides total ICT solutions, and our other

group companies.

Outline

　

2

lMRIisestablishedasacommemorativeproj-ectforthecentenaryoftheMitsubishiGroup.

lMRIbeginstoprovidepolicyrecommenda-tionsbasedonglobalperspectives(jointresearchwiththinktanksinJapan,theUnitedStates,andEurope).

lThefirstpermanentmulti-clientmacroeco-nomicprojectsarelaunched.

lWorldsupply-demandmodelsforfoodandshipsaredeveloped.

lMRIintroducesandbeginstouseNASTRAN,alarge-scalelinearstructuralanalysispro-gramdevelopedbytheU.S.NationalAeronauticalandSpaceAdministration(NASA).

lMRIbeginstoprovideinformationservicesastheexclusiveagentfortheNationalTechnicalInformationService(NTIS)oftheU.S.DepartmentofCommerce.

lTheheadofficeofMRIisrelocatedtotheOtemachidistrictofChiyoda-ku,Tokyo.

lDiamondComputerService(nowMitsubishiResearchInstituteDCS)isestablished.

The think tank concept is introduced and takes root in Japan. MRI begins to develop activities based on science and technology.

1970s

MRI conducts research and development activities based on research contracts leading to the integration of real economy analysis skills with econometric methods (1973).

lSoftwaredevelopmentandrelatedsurveyandanalysisactivitiesareexpandedwiththeestablishmentofSystemTwenty-One(nowMRIResearchAssociates).

lMRICareerStaff(nowMDBusinessPartner)isestablishedandbeginstosupplytempo-rarystafftoassistwithsurveysandothertasks.

lMRIparticipatesinadvocacyfortheestab-lishmentoftheGlobalInfrastructureFund.

lMRIworksonmajorinternationalcoopera-tionprojects,includingmanagementsystemdesignandplanningandsurveyworkfortheSuezCanal.

lMRIcontributestotheimprovementofinfra-structureinJapanthroughitsparticipationinprojectsrelatingtoairportdevelopmentandnewShinkansenlines.

lJapan’sfirstCraycomputerisinstalledbyMRI.

lWorkbeginsonR&Drelatingtoartificialintelligenceandexpertsystems.

MRI becomes involved in key projects leading to growth in Japan and overseas and launches business activities anticipating the advent of the advanced information-based society.

1980s

MRI designs systems for the Suez Canal, including canal widening, canal operations, traffic forecasting, and holds employee training (1978–81).

lTheResearchLaboratoryforAdvancedScienceandTechnologyisestablishedtocarryoutexperimentalresearch.

lTheGlobalEnvironmentalResearchCenterandSafetyEngineeringResearchCenterareestablished.

lTheInternetmembershipbusinessislaunched.

lMRIbeginstotacklenewissuesrelatingtosocialcapitaldevelopment,includingthepromotionofintelligenttransportationsys-tems(ITS).

lMRIcarriesoutsurveysandresearchrelat-ingtoglobalwarmingcountermeasures.

lAnewenergy/energyconservationvisionisdeveloped.

lMRIcarriesoutsurveysforuseinearth-quakedamageforecasting,thedesignofdisasterpreventionsystems,anddisasterpreventionplanning.

lMRIconductsadiamondsynthesisexperi-mentinspace.

lMRIassistswiththedevelopmentofutiliza-tionsystemsfordatafromEarthobservationsatellites.

lMRIassistsgovernmentagencieswithoper-ationalreformsandtheprocurementofsystems.

lDiamondComputerServiceopenstheChibaBusinessCenter.

MRI develops solutions in response to rapid change in a wide range of fields.

1990s

MRI develops simulations combining a wide range of advanced engineering knowledge, including that of foundations and geology, construction, city planning, and hazardous materials.

Mitsubishi Research Institute, Inc. (MRI) was founded in 1970 as a commemorative project to

mark the centenary of the Mitsubishi Group. Its parent organizations were the Technological

and Economic Information Center (science and technology), the Mitsubishi Nuclear Energy

Integrated Computation Center (computers), and the Mitsubishi Economic Research Institute

(management and economics).

Since that time, the MRI Group has consistently contributed to the development of

numerous fields, including economics, public affairs, and science and technology, including

ICT. We have built a solid reputation as an integrated think tank by combining our think tank

and consulting services, including surveys, research, analysis, forecasting and systems

design, as well as the proposal of management strategies and ICT utilization strategies, with

our IT services, which encompass systems development and maintenance and outsourcing.

History

　

3

lMRIacquiresanequityinterestinMitsubishiResearchInstituteDCS(DCS).

lMRIislistedonthesecondsectionoftheTokyoStockExchange.

lFull-scalebusinesssolutionsservicescommencewiththeestablishmentoftheBusinessSolutionsDivision.

lMRIValueConsulting&Solutionsisestab-lishedasajointventurewithMitsubishiElectricInformationSystemstostrengthentheenterpriseresourceplanning(ERP)systembusiness.

lMRIprovidesrecommendationsaboutthedesignofnewsocialsystems,includingtheadministrationofapublicbusinessresearchgrouptostudyderegulationandopportuni-tiesforprivatesectorbusiness.

lMRIpromotesthedevelopmentofnext-generationITinfrastructure,includingR&Drelatingtothenext-generationInternetprotocolIPv6.

lMRIfacilitatesadvancedscientificresearchandindustrialapplications,includinghumangenomeanalysis.

lExperimentalresearchconcerningCO2emissionrightstradingisplannedandimplemented.

lBusinesssystemsbasedondataanalysis,includingarevenuemanagementsystem,areintroduced.

lMRIestablishesacommitteetomakerec-ommendationsonthesocietyofthefuture.

MRI sets out on a new path to the co-creation of the society of the future.

2000s

MRI plays a pioneering role in revenue management systems designed to improve earnings by forecasting and optimizing demand for seats on trains, etc.

lMRIislistedonthefirstsectionoftheTokyoStockExchange.

lMRIworksonearthquakereconstructionprojects.

lThePlatinumSocietyCenterisestablishedtoadvocateforthePlatinumSocietywiththeaimoffindingsolutionstosocialissues,includingenvi-ronmentalproblems,agingandemployment.

lMarketIntelligence&ForecastSystem(acon-sumermarketforecastingsystem)becomesoperational.Thesystemisbasedona2,000-questionsurveyof30,000people.

lTheFutureDesignsandAnalysisCenterisestab-lishedtocarryoutlarge-volumedataanalysisforcustomers.

lMRIinvestsinmegasolarprojectatAsoKumamotoAirport(ActProject—fromtheimple-mentationportionofthe“Think&Act”approachtobusiness).

lTheVision2020CenteriscreatedtopromotelegacyinitiativesrelatingtotheOlympicsandParalympics.

lNUIntellectualPropertyFinancialService(nowIntellectualPropertyInformationServicesCo.,Ltd.)isacquiredasasubsidiarytostrengthenintellectualpropertyconsultingcapabilities.

lDCSacquiresUBSCo.,Ltd.asasubsidiarytostrengthenbusinessprocessoutsourcingservices.

lDCSacquiresOPTJAPANCo.,Ltd.asasubsidi-arywiththeaimofexpandingbusinesswithschoolcorporations.

lMRIandDCSenterintoacapitalandbusinessalliancewithJapanBusinessSystems,Inc.,withtheaimofachievingexpansionintheinformationsystemsfield.

lDCSacquiresIT-Oneasasubsidiarytostrengthenitscapabilitiesintheareaofsystemsinfrastructuredevelopmenttechnology.

lDCSestablishestheTokyoBusinessCenterasanewBPO(BusinessProcessOutsourcing)servicebase.

lDCSestablishessubsidiariesinShanghaiandNewYorkandbranchesinSingaporeandLondon.

lMRIstrengthensitsintegratedhumanresourcesBPObusinessbyformingathree-companyalli-ancewithDCSandHROneCorporation.

As a “Think & Act Tank,” MRI begins to provide support spanning all stages from planning to implementation.

2010s

MRI establishes a research group with over 300 members from the industrial, academic, and government sectors with the aim of creating the “Platinum Society” through the development of advanced solutions to social problems. Working groups carry out activities and provide recommendations in various fields (2010–).

MRI creates one of Japan’s biggest survey panels as the basis for market analysis and forecasting through the monitoring of change from various perspectives, including females and seniors (2011–).

MRI forms a research group made up of over 200 industrial, academic, and government organizations to propose and implement specific projects (2014–).

MRI undertakes a range of Act Projects (See P.11) in the field of renewable energy, including investment in a mega solar scheme at Kumamoto Airport (2012), a mega solar scheme in Taka-cho, Hyogo Prefecture (2015), and a mega solar generation business fund (2016).

4

Policy and Public Affairs

Enterprise Management

IT Services

Regional/urban infrastructure, regional development,

mobility, public health/healthcare/welfare,

education, the environment/energy,

science and technology, safety/disaster prevention,

ICT, innovation, cyber-security

Academia/experts

Overseasnetworks

Governmentagencies

Industries

Implementation of ICT/Act

MRIGroup

Management strategy,

organizations/human resources,

robots, IoT*1, AI*2, financial systems,

solutions, intellectual property consulting,

income maximization solutions,

IT cost reduction,

marketing optimization

Systems integration,

outsourcing,

data science,

cloud computing,

cyber-threat countermeasures,

intranet

Consulting

Surveys/Research

Policyrecommendations

*1 IoT : Internet of things*2 AI : Artificial intelligence

In Japanese, the Mitsubishi Research Institute is called Mitsubishi Sogo Kenkyusyo,

meaning “Mitsubishi General Research Institute.” As this name indicates, the scope of

our activities covers an extremely wide range of fields, from policy recommendations to

implementation of ICT and Act projects. In addition to collaboration with our group com-

panies, we are also able to draw on our extensive networks, which encompass industries,

government agencies, academic organizations, and experts in Japan and overseas.

Business Development

5

Policy and Public Affairs

Enterprise Management

IT Services

Regional/urban infrastructure, regional development,

mobility, public health/healthcare/welfare,

education, the environment/energy,

science and technology, safety/disaster prevention,

ICT, innovation, cyber-security

Academia/experts

Overseasnetworks

Governmentagencies

Industries

Implementation of ICT/Act

MRIGroup

Management strategy,

organizations/human resources,

robots, IoT*1, AI*2, financial systems,

solutions, intellectual property consulting,

income maximization solutions,

IT cost reduction,

marketing optimization

Systems integration,

outsourcing,

data science,

cloud computing,

cyber-threat countermeasures,

intranet

Consulting

Surveys/Research

Policyrecommendations

*1 IoT : Internet of things*2 AI : Artificial intelligence

Think Tank and Consulting Services

IT Services

We have accumulated wide-ranging knowledge relating to policies, systems, social issues, and next-generation advanced technologies through our activities as an integrated think tank. In our survey, research, and consulting activities, we combine this knowledge with our analytical capabili-ties, including the measurement, assessment, and forecasting capabilities of researchers special-izing in various fields of science and technology.

Policy and Public AffairsWe provide policy recommendations, survey and research services, and consulting, together with implementation support based on knowledge from these activities, in fields that include regional and urban infrastructure, regional development, mobility, public health, healthcare and welfare, education, the environment/energy, science and technology, safety and disaster prevention, ICT, innovation, and cyber-security.

Enterprise ManagementOur services in this area include consulting on management strategies, organizations/human resources, robots, IoT, AI, financial systems, income maximization solutions, intellectual property, IT cost reduction, marketing optimization, and IT.

Mitsubishi Research Institute DCS is the hub company in this area. Using knowledge and next-gen-eration technologies accumulated through our think tank and consulting services, it provides sys-tems integration, outsourcing and services in sectors ranging from finance to manufacturing, distribution, and services. We also provide total support services for the use of ICT in business at all levels from upstream to downstream. Aspects covered include management system innovation and Internet-based busi-ness model innovation.

Examples of Our Services

Regional Development ConsultingWe support sustainable regional development initiatives tailored to regional situations and resources through our networks. We are able to draw on expertise through our networks of relationships with government departments, urban development workers in locations throughout Japan, and specialists and experts in various related fields.

Advanced Marketing through Big Data Analysis

We use big data analysis and scientific modeling to predict the individual purchasing behavior of end consumers as the basis for advanced one-to-one marketing. By using transac-tion data, statistics, awareness data, and other information, we are able to provide support at all stages from the formu-lation of policies focused on promising targets, to the devel-opment and implementation of specific actions.

Business Development Support Relating to Energy System Reform

Our activities in this area include the proposal of new business plans and marketing strategies that are precisely geared toward business opportu-nities created by system reforms in the electric power and gas sectors. We can propose wide-ranging business opportunities resulting from changes in these sectors, including retail liberalization, and the introduc-tion of storage batteries, renewable energy systems, smart meters, and electric vehicles.

IT Cost Reduction, Application Asset Visualization

System maintenance is a major system-related process. We visualize systems by reverse engineering the system main-tenance process. This helps to improve productivity and quality while also facilitating human resource development.

Innovation Policy Proposal and Innovation SupportWe can assist with the formulation of innovation-related policies, such as science and technology basic plans and industry-academia collaboration policies, as the basis for central and regional government policies designed to encourage science and technology development and promote innovation. We also offer multifaceted support, including strategy devel-opment and evaluation, to ensure sustainable success in other related areas, including new business development by private companies in the healthcare sector and other fields, and innovation-related projects under-taken by the government in collaboration with private companies.

Development and Administration of Market Risk Management Systems

Market risk management by megabanks requires advanced systems that support compliance with international regula-tions. We bring together human assets from our various group companies to provide total one-stop support encom-passing all stages from basic studies to the development and administration of systems.

6

Organizationally, the Mitsubishi Research Institute is

structured around its customer categories into the Policy

and Public Affairs Business Unit and the Enterprise

Management Business Unit. There is also a Research and

Development Unit, which is responsible for R&D and

business development across the entire company. These

three units work together to provide think tank and con-

sulting services.

Mitsubishi Research Institute DCS is the MRI Group’s

core company for IT services.

Our Organization

Think Tank and Consulting

Service

This unit proposes solutions to social issues and needs in the areas of national development, regional development, city man-agement, social security, healthcare, the environment/energy, sci-ence and technology, safety, and social ICT. It also provides support for the implementation of those solutions. MRI also acts as project principal for new projects relating to mega solar schemes and electricity system reforms. In the area of nuclear energy, we have contributed to the recovery in Fukushima Prefecture through our R&D work relating to the decommissioning of the Fukushima Daiichi nuclear power station. We also propose specific responses and policies as starting points for policy devel-opment in relation to ICT policy, including the utilization of social ICT and public-private ICT, as well as support for the implementa-tion of those policies.

This unit supports clients’ business strategies by providing assis-tance with the creation of medium- to long-term business visions, and the development of new businesses that make optimal use of technical knowledge. It also provides new analysis results and knowledge through big data analysis of combinations of informa-tion owned by companies and publicly disclosed information. Operational support for clients includes the deployment of income maximization systems based on advanced data analysis, and the provision of systems to quantify and control credit risks and other types of risks.

Mitsubishi Research Institute, Inc.

Policy and Public Affairs Business Unit Enterprise Management Business Unit

7

IT Services

This unit combines concept development capabilities with the abil-ity to provide effective recommendations. It focuses on research into technologies that play a central role in forecasting, including social, economic, market and technology trend analysis, and social and business projection based on long-term forecasting tech-niques. It is also involved in the co-creation of new social models, including the planning, promotion, and realization of projects and policies through the Platinum Society Research Association and other types of industry-government-academia collaboration. Another priority for the Research and Development Unit is overseas expansion. By engaging in joint research and policy dialog with governmental bodies in various countries, it is able to create concepts with the potential to become national projects. One new area of business development is the application of artifi-cial intelligence (AI) technology to the services provided by MRI.

Profile

Established July 1970

Shareholders Mitsubishi Research Institute, Inc., Mitsubishi UFJ Financial Group, Inc.

Capital 6,059 million yen

Employees 2,007 (October 2015)

Offices Head Office (Shinagawa, Tokyo), Osaka Branch, Nagoya Office, Tokyo Business Center, Chiba Business Center, Hatsudai Service Center, London Branch, Singapore Branch

Mitsubishi Research Institute DCS Co., Ltd.

Research and Development Unit

With the addition of Mitsubishi Research Institute DCS as a group member in 2004, MRI became one of the few corporate groups able to offer an integrated value chain combining think tank and consulting services with solutions and business process outsourc-ing (BPO). Mitsubishi Research Institute DCS has extensive experi-ence and an impressive track record in finance-related fields, such as banking and credit cards. Other areas of strength include out-sourcing and BPO services, which are provided mainly through the Chiba Business Center.

Think & Act

1

Social trends, clients’ activities

Knowledge value chain

Activities and Business Areas of the MRI Group

Visions for the Future of Society

A society that achievessustainable development

through diversity andcreativityA society that earns

respect by contributingto the world

Value chain

Government policyPrivate sectorstrategy

Identificationof issues

A society in whichpeople can enjoy

secure and emotionallyenriching lives

2Value chain

3Value chain

4Value chain

Implementation ofICT/Act projects

Social issues requiring solutions

System designBusiness strategy

Government projectsPrivate sectorimplementation

Proposal of plansInformationdissemination System design Execution/operation

Policyrecommendations Surveys/Research Consulting

8

lThe Mitsubishi Research Institute Group is building a knowledge

value chain based on the “Think & Act” approach as the starting

point for policy recommendations.

lWe use this value chain to provide comprehensive solutions for

the needs and issues of society and our clients.

lWe contribute to society directly through our business activities

to realize a positive vision for the future of society.

Value Creation Process

Think & Act

1

Social trends, clients’ activities

Knowledge value chain

Activities and Business Areas of the MRI Group

Visions for the Future of Society

A society that achievessustainable development

through diversity andcreativityA society that earns

respect by contributingto the world

Value chain

Government policyPrivate sectorstrategy

Identificationof issues

A society in whichpeople can enjoy

secure and emotionallyenriching lives

2Value chain

3Value chain

4Value chain

Implementation ofICT/Act projects

Social issues requiring solutions

System designBusiness strategy

Government projectsPrivate sectorimplementation

Proposal of plansInformationdissemination System design Execution/operation

Policyrecommendations Surveys/Research Consulting

9

10

We use various opportunities to provide advice about the perspectives, approaches, and policies needed to realize a positive vision for the future. The starting points for this work are social issues and needs that require solutions. Our advice is backed by a combination of resources, including not only knowledge gained through conventional contract research, but also R&D, our own data, and the activities of research groups. Specifically, these resources result from research activities based on our unique scientific and interdisciplinary approach in fields that include research leading to advice about the society of the future and business development, our own Market Intelligence & Forecast System (a consumer market

forecasting system) based on data gathered through an annual 2,000-question survey with 30,000 partici-pants, the research activities of public-private sector study groups, such as the Platinum Society Research Association, and participation in commit-tees organized by the central government or public agencies. Once our advice has been formulated, it is pre-sented at symposiums and forums, as well as in our Phronesis series, which is published twice a year, and the MRI Monthly Review. We also make our find-ings available to the public through press releases, published articles in various media, lectures, and articles on our website.

Since its establishment, the Mitsubishi Research Institute has carried out contract surveys and research projects for public and private sector cli-ents. New surveys and research projects result not only from clients’ identification of issues and needs, but also from policy recommendations disseminated by MRI. For example, the Platinum Society Research Association has been issuing recommendations since its establishment in 2010. At the end of 2014, a recommendation concerning a Japanese version of the “Continuing Care Retirement Community” (CCRC) was adopted as government policy and is now the subject of a major program of surveys and deliberations by central and local government organizations.

We use various survey and research methods, but one of our key strengths in this area is the scientific and quantitative approach that we have developed through our long experience as an integrated think tank. We also employ knowledge-gathering through interview surveys in Japan and overseas, studies by expert committees, and brainstorming, as well as new methods, such as ideathons and hackathons. Private and public sector clients have applied results from our surveys and research in many areas. In the public sector, they have resulted in the enactment of new laws and ordinances and the pro-posal and adoption of new policies, while in the pri-vate sector, they have led to the creation of new businesses, products, and services.

Value Chain 2

Surveys/Research

Value Chain 1

Policy Recommendations

11

Our consulting activities are based on knowledge accumulated over many years through our survey and research activities as an integrated think tank. We use a variety of consulting methods and exper-tise to provide our clients practical assistance toward the solution of a wide range of issues and needs. Our particular areas of expertise include analysis and strategy proposal based on logic and data, project management office (PMO) services to ensure steady progress toward the successful con-clusion of large-scale projects, and consulting on the development of complex, advanced systems infrastructure. Examples of our extensive services in this area include our contributions as a revenue management

pioneer to the development of seat management systems for the airline and railway operators, corpo-rate technological competitiveness assessment ser-vices based on our unique approach to patent analysis, and services to reduce the cost of main-taining IT applications. We have helped clients in numerous industries, including finance, transportation, distribution, energy, healthcare, and university administration, to improve revenues, reduce costs, restructure organi-zations, and develop and introduce new products, services and businesses.

Our broad involvement in this area ranges from sur-veys, research and consulting to the introduction and implementation of ICT, and the practical opera-tion of businesses (Act projects). Using wide-ranging knowledge and experience gained through our sur-veys, research and consulting activities, we play a direct role in the practical aspects of projects. At this level, we encounter issues directly and find solu-tions. The profound knowledge accumulated through this process allows us to enhance the qual-ity of future surveys, research, and consulting services. We have been involved in various Act projects, including investment in renewable energy schemes, the development of a Japanese version of the CCRC

business as part of regional revitalization efforts, the production of programs that effectively introduce Japanese companies in Asia, and the establishment of broadcasting mechanisms for those programs. We have established capital and business alli-ances with Japan Business Systems, Inc. (2014), which excels in the development and administration of information infrastructure based on Microsoft products and services, and with HR One Corporation (2015), a leader in the area of personnel and wage management outsourcing. These relationships will allow us to expand our involvement in the practical aspects of IT services.

Value Chain 3

Consulting

Value Chain 4

Implementation of ICT/Act projects

12

30 3035

45

55

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2011.9 2012.9 2013.9 2014.9 2015.9

72,50375,365

81,12787,400 85,354

0

0 0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

1

2

3

4

5

6

7

8

2011.9 2012.9 2013.9 2014.9 2015.9

2,537

3.5%

6.6%7.0%

6.5%

4.1%

3,091

5,370

6,0795,552

0

50

100

150

200

250

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2011.9 2012.9 2013.9 2014.9 2015.9

2,9053,262

5,566

6,442

5,813

2011.9 2012.9 2013.9 2014.9 2015.9

76.45 69.45

175.67

207.36224.83

Operating Income Operating Income Net Sales Ratio

00

1,000

2,000

3,000

4,000

5,000

2

4

6

8

10

12

2011.9 2012.9 2013.9 2014.9 2015.9

1,255

4.2%

8.9%9.7% 9.9%

3.7%

1,140

2,885

3,4053,692

Net Income

* Profit attributable to owners of parent.

* Aggregate value of ISO 14001 certification of offices (Nagata-cho, Kanda, Kansai, Shinagawa, Chiba, Kiba)

ROE

0

10

20

30

40

50

60

0

10

20

30

40

50

6070

2011.9 2012.9 2013.9 2014.9 2015.9

Net Sales Net Sales by SegmentsDividends per Share/Dividend Payout Ratio Total Assets/Net Assets (Millions of yen) (Millions of yen) (Yen/%) (Millions of yen)

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2011.9 2012.9 2013.9 2014.9 2015.9

53,185

35,366 36,458

56,08861,047

40,115

65,354

42,155

67,094

44,134

0

1,000

500

1,500

2,000

2,500

2011.9 2012.9 2013.9 2014.9 2015.9

1,822.74 1,882.39

2,072.182,222.92

2,340.10

50

51

52

55

54

53

56

57

58

59

60

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2011.9 2012.9 2013.9 2014.9 2015.9

3,408 3,423 3,4583,580 3,659

840 864 870 894 874

Operating Income/Operating Income Net Sales Ratio Ordinary Income Net Assets per Share Equity Ratio(Millions of yen/%) (Millions of yen) (%)(Yen)

Net Income*/ROE Net Income per Share Number of Employees CO2 Emissions*(Yen)(Millions of yen/%) (t-CO2)(Persons)

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2012.9 2013.9 2014.9 2015.9

11,297

13,651 14,05313,279

39.2%

56.3%55.7%

55.1%

55.9%

57.3%

43.2%

19.9%

21.7%24.5%

Consolidated Non-consolidated

Dividends per Share Dividend Payout Ratio

2011.9 2012.9 2013.9 2014.9 2015.9

Total Assets Net Assets

Outsourcingservices(23%)

Systemdevelopment(36%)

IT services

50,324(59%)

Think tank andconsulting services

35,030(41%)

Year ended September 30, 2015

Total

85,354

Financial and Non-financial Highlights

13

30 3035

45

55

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2011.9 2012.9 2013.9 2014.9 2015.9

72,50375,365

81,12787,400 85,354

0

0 0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

1

2

3

4

5

6

7

8

2011.9 2012.9 2013.9 2014.9 2015.9

2,537

3.5%

6.6%7.0%

6.5%

4.1%

3,091

5,370

6,0795,552

0

50

100

150

200

250

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2011.9 2012.9 2013.9 2014.9 2015.9

2,9053,262

5,566

6,442

5,813

2011.9 2012.9 2013.9 2014.9 2015.9

76.45 69.45

175.67

207.36224.83

Operating Income Operating Income Net Sales Ratio

00

1,000

2,000

3,000

4,000

5,000

2

4

6

8

10

12

2011.9 2012.9 2013.9 2014.9 2015.9

1,255

4.2%

8.9%9.7% 9.9%

3.7%

1,140

2,885

3,4053,692

Net Income

* Profit attributable to owners of parent.

* Aggregate value of ISO 14001 certification of offices (Nagata-cho, Kanda, Kansai, Shinagawa, Chiba, Kiba)

ROE

0

10

20

30

40

50

60

0

10

20

30

40

50

6070

2011.9 2012.9 2013.9 2014.9 2015.9

Net Sales Net Sales by SegmentsDividends per Share/Dividend Payout Ratio Total Assets/Net Assets (Millions of yen) (Millions of yen) (Yen/%) (Millions of yen)

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2011.9 2012.9 2013.9 2014.9 2015.9

53,185

35,366 36,458

56,08861,047

40,115

65,354

42,155

67,094

44,134

0

1,000

500

1,500

2,000

2,500

2011.9 2012.9 2013.9 2014.9 2015.9

1,822.74 1,882.39

2,072.182,222.92

2,340.10

50

51

52

55

54

53

56

57

58

59

60

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2011.9 2012.9 2013.9 2014.9 2015.9

3,408 3,423 3,4583,580 3,659

840 864 870 894 874

Operating Income/Operating Income Net Sales Ratio Ordinary Income Net Assets per Share Equity Ratio(Millions of yen/%) (Millions of yen) (%)(Yen)

Net Income*/ROE Net Income per Share Number of Employees CO2 Emissions*(Yen)(Millions of yen/%) (t-CO2)(Persons)

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2012.9 2013.9 2014.9 2015.9

11,297

13,651 14,05313,279

39.2%

56.3%55.7%

55.1%

55.9%

57.3%

43.2%

19.9%

21.7%24.5%

Consolidated Non-consolidated

Dividends per Share Dividend Payout Ratio

2011.9 2012.9 2013.9 2014.9 2015.9

Total Assets Net Assets

Outsourcingservices(23%)

Systemdevelopment(36%)

IT services

50,324(59%)

Think tank andconsulting services

35,030(41%)

Year ended September 30, 2015

Total

85,354

未来が変わる。日本が変える。

三菱総合研究所は、チャレンジ25キャンペーンに参加しています。 Printed on FSC-certified paper and used of Non-VOC ink (using petroleum solvent less than 1%),

by waterless printing in an ISO 14001-certified printing factory. All plate-making was by the filmless CTP process.

Mitsubishi Research Institute, Inc. (MRI)10-3, Nagatacho 2-chome, Chiyoda-ku, Tokyo 100-8141, JapanTEL. +81-3-5157-2111

Editing assistance by: MONOLITH, INC.Modeling: TERADA MOKEIModel photography: Kenji Masunaga

[Published: 2016/10]