Company Name Changed to Marubeni Corporation
1969 marked the 20th year since the Company started anew as the Marubeni Corporation, and in fiscal 1969 sales exceeded ¥2 trillion reaching ¥2.1642 trillion, and at the end of March 1970 employees numbered 7,556.
On January 1, 1972, the Company changed its name from Marubeni-Iida Co., LTD. to Marubeni Corporation. During the same month, the office of the Tokyo Headquarters was moved from the Otemachi Building to the newly constructed Marubeni Building in Takehashi, which is still the headquarters office building today.
In July 1973, the Company merged with Nanyo Bussan Co., LTD., a trading company specializing in non-ferrous metals (the merger was registered in November) and Marubeni succeeded to the commercial supremacy and employees of that company. Nanyo Bussan was established in 1934 to import non-ferrous metals, such as copper ore from the Philippines and other areas, and before the merger had ¥13.8 billion in sales and 138 employees. Because Marubeni was weak in copper ore imports, merging with Nanyo Bussan was a major benefit.
