Mitsui O.S.K. Lines
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Associated Businesses
Update: 4/27/09
Copyright©SS Tokyo Co.,Ltd.

MOL is expanding its associated business, mainly in the ocean shipping-related fields such as tug boats, cruise ships, and sale of ship supplies. In real estate, another core business, we made Daibiru Corporation a consolidated subsidiary in 2004. Daibiru Corporation contributes stable profits that enhance the MOL Group's overall performance.

<Business Performance during FY2008>
The real estate business showed the same level of profits as the previous year. The rental office market showed a rising vacancy rate overall, as a result of the recession. However, earnings of Daibiru Corporation, a core part of our real estate business, remained strong, thanks mainly to its office buildings in prime central Tokyo locations. Nevertheless, vacancy rates inched up in office buildings that have not been remodeled. The cruise ship business succeeded in attracting more passengers than in FY2007, but the steep rise in bunker prices kept profits down. In the trading business, earnings in the fuel sales business increased along with fuel prices, and ship supply and material sales remained favorable, resulting in higher profits compared to the previous year. Overall profits in the associated businesses showed an increase from FY2007.

MOL Data Go to Related Press Release
Major MOL Group Companies
  Company name Business Location Homepage
Consolidated Daibiru Corporation Office rental/real estate Japan http://www.daibiru.co.jp/
Mitsui O.S.K. Kosan Co.,Ltd. Office rental/real estate Japan http://
www.mo-kosan.co.jp/
Mitsui O.S.K. Passenger Line, Ltd. Cruising Japan http://www.mopas.co.jp/
Nihon Tug-Boat Co.,Ltd. Tugboat Japan  
Kobe Towing Co.,Ltd. Tugboat Japan  
Green Kaiji Kaisha, Ltd. Tugboat Japan  
Green Shipping, Ltd. Tugboat, etc. Japan http://
www.greenship.co.jp/
Mitsui O.S.K. Career Support, Ltd. Temporary staffing Japan http://
www.molcs.co.jp/
Mitsui O.S.K. Techno-Trade, Ltd. Trading Japan http://
www.motech.co.jp/
M.O. Tourist Co.,Ltd. Travel agent Japan http://
www.mo-tourist.co.jp/
Kusakabe Marine Engineering Co.,Ltd. Construction Japan http://www.kusakabe-eng.co.jp/
Accounted for by
equity method
Nippon Charter Cruise, Ltd. Cruising Japan http://
www.NC-Cruise.co.jp/
South China Towing Co.,Ltd. Tugboat Hong Kong http://
www.southchinatugs.com/
MOL web site "MOL Services : Associated Businesses"
Related Press Release
5/25/07    MOL Group to Consolidate Group Real Estate Business -Integrating New Management Business-
2/10/05    MOL Group to Transfer Real Estate to Daibiru Corporation
9/8/04    Mitsui O.S.K. Lines, Ltd. Announces the Notice of the Tender Offer for Shares of Daibiru Corporation
1/6/04    Beibu Gulf Towing Company Starts Operation - First tug boat services in China by a non-Chinese joint venture -
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