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Mitsubishi Materials Corporation ("MMC") has been selected as a "Noteworthy Digital Transformation (DX) Companies 2024" following last year in a program run by the Ministry of Economy, Trade and Industry (METI), the Tokyo Stock Exchange (TSE), and the Information-technology Promotion Agency, Japan (IPA).
The "DX Stocks" program is a system to select and introduce companies listed on the Tokyo Stock Exchange that have achieved outstanding results using digital technology by establishing internal mechanisms to promote DX that lead to increased corporate value. In addition, "Noteworthy DX Companies" are selected from the companies that are not classified as "DX Stocks," and are implementing initiatives that are particularly noteworthy in terms of their contribution to corporate value.

MMC is promoting a company-wide digitalization strategy called "MMDX: Mitsubishi Materials Digital Business Transformation" from 2020. MMDX is positioned as one of the company-wide management reforms, aiming to improve "business value addition," "operational competitiveness," and "management speed" using data and digital technology. Moreover, since October 2022, we have been promoting "MMDX2.0" as a phase of full-scale operation, expansion of effects, and continuous development by reorganizing themes and strengthening the organization to "strengthen manufacturing" and "steadily implement existing themes."

The selection as one of the "Noteworthy DX Companies 2024" is in recognition of MMC's DX achievements, and efforts to foster a corporate culture. As an important initiative in our business strategy, we are currently operating a business that collects E-Scrap (discarded circuit boards, etc.) from all over the world and recycles them into valuable metals. In December 2021, we launched a new platform called "MEX" (Mitsubishi Materials E-Scrap EXchange) that enables online transactions, realizing a business model that will attract more business partners through DX. Furthermore, MEX is contributing to an increase in collection volume toward achieving the E-Scrap processing capacity target of 240,000 tons/year (a 50％ increase compared to 2019) by the end of March 2031.

MMC Group established "For people, society and the earth, circulating resources for a sustainable future" as "Our Commitment." We will continue to implement management reforms through "MMDX 2.0" and work on a variety of initiatives to fulfill Our Commitment.

[Related releases]

June 1, 2023
Mitsubishi Materials selected as a "Noteworthy DX Companies 2023" in "DX Stocks 2023"
URL: https://www.mmc.co.jp/corporate/en/news/2023/news20230601.html

November 2, 2022
MMDX Company-wide Digitization Strategy Moves to the New "MMDX 2.0" Stage
URL: https://www.mmc.co.jp/corporate/en/news/2022/news20221111.html

January 20, 2022
Certified for "DX Certified Operator" by the Ministry of Economy, Trade and Industry (METI)
URL: https://www.mmc.co.jp/corporate/en/news/2022/news20220202.html

October 26, 2021
"MEX," a New Platform for the E-Scrap Business, Starts Operation
URL: https://www.mmc.co.jp/corporate/en/news/2021/news20211110.html