Marubeni : Capital Partnership between Marubeni and Interstellar Technologies
November 11, 2019 at 02:00 am EST
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November 11, 2019
Marubeni Corporation
Interstellar Technologies Inc.
Capital Partnership between Marubeni and Interstellar Technologies
On November 1, Marubeni Corporation (hereinafter, Marubeni) and Interstellar Technologies Inc. (hereinafter, "IST") entered into a capital partnership via Marubeni's investment in IST.
IST is a venture company established in 2003 and are based out of Taiki-cho, Hokkaido. They are a manufacturer of a kind of Sounding Rocket called, "MOMO" and a type of Orbital Launch Vehicle for Small Satellites called, "ZERO" . In May 2019, an IST MOMO reached outer space successfully, and was the first rocket developed and manufactured by a private company in Japan to do so.
While the demand for using small satellites for Earth observation and communication is increasing, there is currently a shortage of rockets for transporting small satellites to space. Existing large rockets do not always meet the demand for transportation of small satellites to space in terms of launch frequency, price, and launch orbit flexibility. IST develops a rocket that make it possible to launch small satellites at high frequency and low price, and aims to create a launch service for small satellites that meets the needs of users.
Marubeni started a business collaboration with IST in 2016 and has been supporting the company's sales and marketing efforts in Japan and overseas ever since. With this new investment, Marubeni and IST will further strengthen their partnership and contribute to the development of the space industry not only in Japan but also throughout the rest of the world by providing high-frequency and low-priced launch services.
【Company Profile】
Marubeni Corporation
Company Name
Marubeni Corporation
Business
Marubeni Corporation and its consolidated subsidiaries use their broad business
networks, both within Japan and overseas to conduct importing and exporting
(including third country trading), as well as domestic business, encompassing a diverse
range of business activities across wide-ranging fields. Additionally, the Marubeni
Group offers a variety of services, makes internal and external investments, and is
involved in resource development throughout all of the above industries.
Incorporated
December 1, 1949
President and CEO
Masumi Kakinoki
Head Office
Tokyo Nihombashi Tower, 7-1, Nihonbashi 2-chome,Chuo-ku, Tokyo, 103-6060,
Japan
Web site
https://www.marubeni.com/en/
Intestellar Technologies Inc.
Company Name
Intestellar Technologies Inc.
Business
Interstellar Technologies develops and manufactures small rockets and provides a
launching service.
Founded
May 19, 2003
CEO
Takahiro Inagawa
Head Office
690-4 Memu, Taiki, Hiroo-gun,Hokkaido,089-2113 Japan
Web site
http://www.istellartech.com/front-page_en
Sounding Rocket "MOMO"
Orbital Launch Vehicle for Small Satellites "ZERO"
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Disclaimer
Marubeni Corporation published this content on 11 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2019 06:59:05 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
