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TMCNet:  Pasona Group and Mitsubishi Corporation to Form an Outsourcing-Service Joint Venture

[March 30, 2012]

Pasona Group and Mitsubishi Corporation to Form an Outsourcing-Service Joint Venture

Tokyo, Mar 30, 2012 (JCN Newswire via COMTEX) -- Pasona Group Inc., Mitsubishi Corporation and Bewith, Inc. (100% owned by MC) have agreed that the Pasona Group will take over a 60% equity interest in Bewith from MC. As a result of this transaction, the Pasona Group and MC will start jointly managing Bewith from May 2012. The purpose of this transaction is to establish Japan's foremost outsourcing-service company focusing on contact center operations and BPO business.


As a result of the March 11, 2011Great East Japan Earthquake, Japanese companies have a rapidly growing concern about securing business continuity under such disastrous circumstances. Reflecting this trend, there is increasing demand for using outsourcing services as an "insurance policy". However, in reality there are not enough service providers in Japan that can design, administer and cover all processes of outsourcing at a national level that reflects the client's business objective and challenge with an understanding of the company's business strategy.

Bewith intends to strengthen and expand its business base by providing best-fit outsourcing services for current and potential customers, thereby helping to enhance business productivity. To achieve this goal, Bewith can harness business advantages of the three companies: (I) Pasona Group's nationwide networks and expertise in temporary staffing services as well as outsourcing and contracting operations; (II) MC's business management capability; and (III) Bewith's skills in business process analysis and project management.

About Mitsubishi Corporation Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

Contact: Mitsubishi Corporation Telephone: +81-3-3210-2171 Facsimile: +81-3-5252-7705

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