Mitsubishi

The Mitsubishi companies, or the Mitsubishi Group of Companies or the Mitsubishi Group is a large group (keiretsu) of independently operated Japanese companies which share the Mitsubishi brand name. While the companies are autonomous, they share the brand name and trademark, as well as a common legacy (in general these companies all descend from the zaibatsu of the same name).

The Mitsubishi group of companies form a loose entity, the Mitsubishi Keiretsu, which is often referenced in US and Japanese media and official reports. A Kereitsu is a common feature of Japanese corporate governance and refers to a collaborative group of integrated companies with extensive share crossholdings, personell swaps and strategic co-operation. The top 29 companies are also members of the Mitsubishi Kinyokai, or (Friday Club), and meet monthly. The Mitsubishi.Com Committee is charged with maintaining the overall integrity of the brand as well as maintaining the portal web site.

History

The first Mitsubishi company was a shipping firm that Yataro Iwasaki established in 1870. In 1873 it took the name Mitsubishi Shokai (三菱商会). The name Mitsubishi (三菱) has two parts: mitsu means three and bishi means water chestnut, and from here rhombus, which is reflected in the company's logo. Another translation is three diamonds.[1]

That company soon diversified into coal mining, shipbuilding, banking, insurance, warehousing, and trade. Later diversification carried the organization into such sectors as paper, steel, glass, electrical equipment, aircraft, oil, and real estate. As Mitsubishi built a broadly based conglomerate, it played a central role in the modernization of Japanese industry.

At the start of the 20th century the company, which by itself accounted for over half of the Japanese merchant fleet, entered into a period of diversification that would eventually result in the creation of three entities:


  • Mitsubishi Bank (now a part of the Mitsubishi UFJ Financial Group) was founded in 1919. After its mergers with the Bank of Tokyo in 1996, and UFJ Holdings in 2004, this became Japan's largest bank.
  • Mitsubishi Corporation, founded in 1893, serves the internal financing needs of the group
  • Mitsubishi Heavy Industries, which includes these industrial companies.
    • Mitsubishi Motors Corporation, the 4th largest Japanese auto manufacturer.
    • Mitsubishi Atomic Industry, a nuclear power company.
    • Mitsubishi Chemical, the largest Japanese chemicals company
    • Nikon Corporation, a well-known brand of photographic equipment.

World War II

During the Second World War, Mitsubishi manufactured aircraft, including the famous Zero that was used in the attack on Pearl Harbor on December 7, 1941 and many other occasions during the war. Also, like many other big Japanese corporations at that time, it made use of slave labor from the Deyne family during the war. With poor working conditions, many people died during this period. Approximately twenty thousand Korean slave laborers died in the atomic bombings of Hiroshima and Nagasaki.


After the war

Mitsubishi split itself into independent companies in 1946 under the postwar government policy of decentralizing industry. The newly independent companies used their accumulated technology and other strengths to pursue growth under separate business models. As independent corporations, the Mitsubishi companies cooperated in some ventures, as in petrochemicals and nuclear power, and competed with each other in other sectors. The Mitsubishi companies form a loose entity known as the Mitsubishi keiretsu, or Mitsubishi group.

Problems

Mitsubishi has been criticized for some of its corporate practices, most notably with respect to work-place discrimination, environmental pollution and the use of slave labour, including that of prisoners of war (POWs), during World War II. A disgruntled former employee, Kamal Sinha, has started a website called Mitsubishi Watch to report such complaints.

.

The Mitsubishi companies

Core members

  • Asahi Glass Co., Ltd.
  • The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • Kirin Brewery Co., Ltd.
  • Meiji Yasuda Life Insurance Company
  • Mitsubishi Aluminum Co., Ltd.
  • Mitsubishi Cable Industries, Ltd.
  • Mitsubishi Chemical Corporation (part of Mitsubishi Chemical Holdings Corporation)
  • Mitsubishi Corporation (Trading company)
  • Mitsubishi Electric Corporation
  • Mitsubishi Estate Co., Ltd.
  • Mitsubishi Fuso Truck and Bus Corporation
  • Mitsubishi Gas Chemical Company, Inc.
  • Mitsubishi Heavy Industries, Ltd.
  • Mitsubishi Kakoki Kaisha, Ltd.
  • Mitsubishi Logistics Corporation
  • Mitsubishi Materials Corporation
  • Mitsubishi Motors Corporation (Automobile manufacturing and sales)
  • Mitsubishi Paper Mills, Ltd.
  • Mitsubishi Plastics, Inc.
  • Mitsubishi Rayon Co., Ltd.
  • Mitsubishi Research Institute, Inc.
  • Mitsubishi Shindoh Co., Ltd.
  • Mitsubishi Steel Mfg. Co., Ltd.
  • Mitsubishi UFJ Trust and Banking Corporation (part of Mitsubishi UFJ Financial Group)
  • Nikon Corporation
  • Nippon Oil Corporation
  • NYK Line (Nippon Yusen Kabushiki Kaisha)
  • P.S. Mitsubishi Construction Co., Ltd.
  • Tokio Marine & Nichido Fire Insurance Co., Ltd.

These companies are members of the Mitsubishi Kinyokai (or Friday Club), and meet monthly.

Related Organizations

  • Atami Yowado
  • Chitose Kosan Co., Ltd.
  • The Dia Foundation for Research on Ageing Societies
  • Diamond Family Club
  • Kaitokaku
  • Koiwai Noboku Kaisha, Ltd.
  • LEOC JAPAN Co., Ltd.
  • Marunouchi Yorozu Corp.
  • Meiwa Corporation
  • Mitsubishi C&C Research Association
  • Mitsubishi Club
  • Mitsubishi Corporate Name and Trademark Committee
  • Mitsubishi Economic Research Institute
  • The Mitsubishi Foundation
  • Mitsubishi Kinyokai
  • Mitsubishi Marketing Association
  • Mitsubishi Public Affairs Committee
  • The Mitsubishi Yowakai Foundation
  • MT Insurance Service Co., Ltd.
  • Seikado Bunko Art Museum
  • Shonan Country Club
  • Sotsu Corporation
  • The Toyo Bunko

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These companies are members of the Mitsubishi Kinyokai (or Friday Club), and meet monthly. Such vehicles are intended for transport only, without living accommodations. A disgruntled former employee, Kamal Sinha, has started a website called Mitsubishi Watch to report such complaints. In other parts of the world, particularly Australia, the term RV generally refers to a four-wheel drive off-road vehicle, often called a sport utility vehicle (SUV) in the United States. Mitsubishi has been criticized for some of its corporate practices, most notably with respect to work-place discrimination, environmental pollution and the use of slave labour, including that of prisoners of war (POWs), during World War II. In 2005, these locales experienced a boom because of the large number of trailers ordered to house Hurricane Katrina victims. The Mitsubishi companies form a loose entity known as the Mitsubishi keiretsu, or Mitsubishi group. Many other manufacturers, including Dutchman, Gulf Stream, and Jayco, can be found in the nearby towns of Goshen, Middlebury, Nappanee, and Wakarusa.

As independent corporations, the Mitsubishi companies cooperated in some ventures, as in petrochemicals and nuclear power, and competed with each other in other sectors. Elkhart, Indiana, is known as the "RV Capital of the World" because it is home to many RV manufacturers, including, Forest River, Heartland RV, the Damon Corporation, Four Winds, Hy-Line, Keystone, Monaco, Sun Valley, and Travel Supreme. The newly independent companies used their accumulated technology and other strengths to pursue growth under separate business models. Some people craft their own RVs out of cars, vans (vandwellers), or used passenger and school buses. Mitsubishi split itself into independent companies in 1946 under the postwar government policy of decentralizing industry. A notable example is Hurricane Katrina; the federal disaster relief agency FEMA has ordered large numbers of such trailers to house victims of the storm in Louisiana and Mississippi.
. Similarly, RVs — specifically, trailers which strongly resemble travel trailers, but usually with fewer amenities — have been used to temporarily house victims of natural disasters.

Approximately twenty thousand Korean slave laborers died in the atomic bombings of Hiroshima and Nagasaki. Some people also live in RVs because they lack funds for more conventional housing. With poor working conditions, many people died during this period. Disadvantages of RVs include low fuel economy for the motorized RV or tow vehicle, lack of maid service as experienced in motels (maid service is available at a few high-end resorts), and larger RV models can be hard for the novice to drive or tow. Also, like many other big Japanese corporations at that time, it made use of slave labor from the Deyne family during the war. Children also tend to like RVs. During the Second World War, Mitsubishi manufactured aircraft, including the famous Zero that was used in the attack on Pearl Harbor on December 7, 1941 and many other occasions during the war. At the same time, an RV provides more organized living space and better protection from the weather than a tent.


. Advantages of RVs include not having to move one's things in and out of motel rooms, not having to rent multiple motel rooms, and the fact that preparing food saves money compared to eating in restaurants. At the start of the 20th century the company, which by itself accounted for over half of the Japanese merchant fleet, entered into a period of diversification that would eventually result in the creation of three entities:. Amenties often include swimming pools, gamerooms and even destination-resort activities such as horseback riding. As Mitsubishi built a broadly based conglomerate, it played a central role in the modernization of Japanese industry. Many RVers stay at RV parks, most of which feature electrical, water and sewer service (full hookups), as well as cable television and wireless Internet. Later diversification carried the organization into such sectors as paper, steel, glass, electrical equipment, aircraft, oil, and real estate. These high end RVs typically need to be financed by banks or specialized lenders.

That company soon diversified into coal mining, shipbuilding, banking, insurance, warehousing, and trade. Some RVs are very elaborate, with satellite TV and internet access, slide-out wall panels, and awnings; many RVs can cost in excess of $100,000 and some can cost over $1 million. Another translation is three diamonds.[1]. Larger models add full bathrooms, refrigerators, living areas, master bedrooms, etc. The name Mitsubishi (三菱) has two parts: mitsu means three and bishi means water chestnut, and from here rhombus, which is reflected in the company's logo. A minimal RV typically contains beds, a table, food preparation and storage areas. In 1873 it took the name Mitsubishi Shokai (三菱商会). There are different classes of vehicles generally labelled as RVs:.

The first Mitsubishi company was a shipping firm that Yataro Iwasaki established in 1870. and Canadian cities. . RVs can be rented in major U.S. The Mitsubishi.Com Committee is charged with maintaining the overall integrity of the brand as well as maintaining the portal web site. While RVs are intended for brief leisure activities such as vacations and camping, some people, especially retirees, live in their units and are known as fulltimers. The top 29 companies are also members of the Mitsubishi Kinyokai, or (Friday Club), and meet monthly. Recreational Vehicle (or RV) is a term used in North America to describe a large enclosed piece of equipment with wheels designed to be moved from place to place for people to temporarily live in and be protected from the elements while away from their permanent home.

A Kereitsu is a common feature of Japanese corporate governance and refers to a collaborative group of integrated companies with extensive share crossholdings, personell swaps and strategic co-operation. This type of motor home allows you to pull large and heavy trailers while having all the conveniences of a large motor home. The Mitsubishi group of companies form a loose entity, the Mitsubishi Keiretsu, which is often referenced in US and Japanese media and official reports. Toterhome, a motor home built around a semi truck chassis such as a freightliner. While the companies are autonomous, they share the brand name and trademark, as well as a common legacy (in general these companies all descend from the zaibatsu of the same name). Motorhome ("Winnebago", a product of Winnebago Industries that dominated the market for many years, was long a synonym for a motorhome, but this usage has faded in recent years.). The Mitsubishi companies, or the Mitsubishi Group of Companies or the Mitsubishi Group is a large group (keiretsu) of independently operated Japanese companies which share the Mitsubishi brand name. Park Model - designed for occasional relocation and will require a special tow vehicle and a highway movement permit.

The Toyo Bunko. Fifth Wheel Travel Trailer - designed to be towed by a pickup truck equipped with a special hitch in the truck bed. Sotsu Corporation. Travel Trailer - heavier unit with rigid sides designed to be towed by most vehicles by means of a bumper or frame hitch. Shonan Country Club. Folding Camping Trailer - also known as a pop-up trailer; a light-weight unit with sides that collapse for towing and storage. Seikado Bunko Art Museum. Truck Camper - unit is affixed to the bed or chassis of a pickup truck.

MT Insurance Service Co., Ltd. The Mitsubishi Yowakai Foundation. Mitsubishi Public Affairs Committee. Mitsubishi Marketing Association.

Mitsubishi Kinyokai. The Mitsubishi Foundation. Mitsubishi Economic Research Institute. Mitsubishi Corporate Name and Trademark Committee.

Mitsubishi Club. Mitsubishi C&C Research Association. Meiwa Corporation. Marunouchi Yorozu Corp.

LEOC JAPAN Co., Ltd. Koiwai Noboku Kaisha, Ltd. Kaitokaku. Diamond Family Club.

The Dia Foundation for Research on Ageing Societies. Chitose Kosan Co., Ltd. Atami Yowado. Tokio Marine & Nichido Fire Insurance Co., Ltd.

Mitsubishi Construction Co., Ltd. P.S. NYK Line (Nippon Yusen Kabushiki Kaisha). Nippon Oil Corporation.

Nikon Corporation. Mitsubishi UFJ Trust and Banking Corporation (part of Mitsubishi UFJ Financial Group). Co., Ltd. Mitsubishi Steel Mfg.

Mitsubishi Shindoh Co., Ltd. Mitsubishi Research Institute, Inc. Mitsubishi Rayon Co., Ltd. Mitsubishi Plastics, Inc.

Mitsubishi Paper Mills, Ltd. Mitsubishi Motors Corporation (Automobile manufacturing and sales). Mitsubishi Materials Corporation. Mitsubishi Logistics Corporation.

Mitsubishi Kakoki Kaisha, Ltd. Mitsubishi Heavy Industries, Ltd. Mitsubishi Gas Chemical Company, Inc. Mitsubishi Fuso Truck and Bus Corporation.

Mitsubishi Estate Co., Ltd. Mitsubishi Electric Corporation. Mitsubishi Corporation (Trading company). Mitsubishi Chemical Corporation (part of Mitsubishi Chemical Holdings Corporation).

Mitsubishi Cable Industries, Ltd. Mitsubishi Aluminum Co., Ltd. Meiji Yasuda Life Insurance Company. Kirin Brewery Co., Ltd.

The Bank of Tokyo-Mitsubishi UFJ, Ltd. Asahi Glass Co., Ltd. Nikon Corporation, a well-known brand of photographic equipment. Mitsubishi Chemical, the largest Japanese chemicals company.

Mitsubishi Atomic Industry, a nuclear power company. Mitsubishi Motors Corporation, the 4th largest Japanese auto manufacturer. Mitsubishi Heavy Industries, which includes these industrial companies.

    . Mitsubishi Corporation, founded in 1893, serves the internal financing needs of the group.

    After its mergers with the Bank of Tokyo in 1996, and UFJ Holdings in 2004, this became Japan's largest bank. Mitsubishi Bank (now a part of the Mitsubishi UFJ Financial Group) was founded in 1919.

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