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    8002   JP3877600001

MARUBENI CORPORATION

(8002)
  Report
Delayed Japan Exchange  -  02:00 2022-09-22 am EDT
1400.00 JPY   +0.54%
09/21MARUBENI : Organizational and Personnel Changes
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09/20MARUBENI : Acquisition of Stake in Valhalla Metals Inc. to Explore Non-ferrous Metals in Alaska, United States
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09/20MARUBENI : Registration for the J-Credit Scheme in the Livestock Industry
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Introducing J-Credit Sales for the Agricultural Use of Biochar,

08/09/2022 | 08:42am EDT

Including its Application in the Production of 'edish' Upcycling Tableware

Marubeni Corporation

Marubeni Corporation (hereinafter, 'Marubeni') is pleased to announce an exclusive sales partnership with Japan Cool Vege Association for a biochar*1-based J-credit*2 (hereinafter, 'this credit').

Biochar is a solid produced by heating (carbonizing) biomass. Though CO2 absorbed by plants is emitted when plants are disposed of or decompose, these emissions into the atmosphere can be prevented if the CO2 is fixed into the soil via carbonization (such as by the use of biochar).

Based on the reduction of CO2 emissions achieved by the agricultural use of biochar, the J-credit committee accredited this credit on June 30, 2022. Accreditation based on this purpose was the first of its kind in Japan. Going forward, Marubeni will connect creators of this credit with those who wish to purchase it in not only Japan but also the global market.

Marubeni will also use this credit (purchased as of August 2022) to offset the CO2 emissions from the procurement and manufacturing processes of 'edish' upcycling tableware*3 to create 'edish carbon neutral' tableware products.

The use of biochar to sequestrate CO2 has been receiving increased global attention from corporations, both as a means to help fulfill their ESG (Environment, Society ad Governance) and SDGs (Sustainable Development Goals) pledges and to proactively contribute to a carbon-negative society. What makes the biochar carbon sequestration methodology unique is its inclusiveness of agricultural producers, who can simply use biochar as a soil amendment and create carbon credits from which they can generate extra income to sustain their livelihoods. Furthermore, biochar itself can be made from local biomass that would otherwise be wasted or incinerated (e.g., wood materials from forest management practices and rice husks left over from rice production).

One of Marubeni's areas of focus under its Mid-Term Management Strategy GC 2024 is aspiring to become a forerunner in green business within the next few years. In line with this Mid-Term Management Strategy, Marubeni plans to become a bridge between sellers and buyers of this credit to contribute to solving key societal issues such as wasted biomass (e.g., overgrown bamboo and food waste), accelerating the adoption of regenerative farming practices, engaging in sales of regeneratively grown farm products, and creating a circular local economy.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about MARUBENI CORPORATION
09/21MARUBENI : Organizational and Personnel Changes
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Financials
Sales 2023 9 960 B 69 552 M 69 552 M
Net income 2023 476 B 3 321 M 3 321 M
Net Debt 2023 1 566 B 10 935 M 10 935 M
P/E ratio 2023 5,14x
Yield 2023 4,89%
Capitalization 2 401 B 16 767 M 16 767 M
EV / Sales 2023 0,40x
EV / Sales 2024 0,45x
Nbr of Employees 42 882
Free-Float 98,0%
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Technical analysis trends MARUBENI CORPORATION
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 9
Last Close Price 1 400,00 JPY
Average target price 1 783,33 JPY
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Masumi Kakinoki President, CEO & Representative Director
Takayuki Furuya Executive Officer & Manager-Corporate Planning
Fumiya Kokubu Chairman
Kyohei Takahashi Independent Outside Director
Yuri Okina Independent Outside Director
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