We strongly promote digitalization strategies that use data and digital technologies, driving implementation along the three pillars of business added-value, operational competitiveness and management speed as we aim to become a leading company in the DX sphere.
The Group is pursuing a DX strategy as a way to lay the foundations to prevail on the global stage. Toward achieving Our Commitment from 2030 to 2050, the DX Promotion Department is playing a central role in driving transformation with three missions, Strengthening today: using digital technology to reinforce existing business, Creating tomorrow: co-creation of new business and services, and Cultivating talent: reinforcing human resources and systems to effect reform continuously. To materialize the three pillars of DX promotion, namely business added-value, operational competitiveness and management speed, we have selected priority themes to be addressed based on the key DX perspectives of enhancement of customer touch points, process coordination and increasing management decision making speed, as well as the system and data infrastructure improvements and human resource and culture improvements that underpin them. Our business divisions and IT/digital departments are implementing these activities on a joint basis. By carrying out these activities on a speedy basis, the Group will aim to achieve real-time management that is responsive to societal change, environmental change and our own transformation. Since the fiscal year ended March 2021 we named these DX initiatives of the Mitsubishi Materials Group "MMDX", and from the fiscal year ended March 2023, two years after the start of MMDX, we shifted into a new phase as "MMDX2.0."
Under MMDX, we have set the period from the fiscal year ended March 2024 to the fiscal year ending March 2026 as the full-scale operation phase, and will promote utilization of the data infrastructure while accelerating MMDX Group-wide. We have positioned the fiscal year ending March 2027 to the fiscal year ending March 2031 as the expanded effectiveness expansion and continuous development phase, during which we will advance the Group rollout with a focus on ERP and aim to firmly establish, maintain and improve MMDX.
In May 2024, we have been selected for the second year in a row, 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 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.
We 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.
