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

This page about Mitsubishi includes information from a Wikipedia article.
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These companies are members of the Mitsubishi Kinyokai (or Friday Club), and meet monthly. General Motors enthusiasts do not have to deal with such a confusion, since an unadorned GM always means the corporate parent. A disgruntled former employee, Kamal Sinha, has started a website called Mitsubishi Watch to report such complaints. A similar solution was found; enthusiasts refer to FoMoCo, which as well as an abbreviation is also the name applied to generic Ford-brand parts. 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 similar situation exists for the Ford Motor Company, where "Ford" might mean either the brand or the parent. The Mitsubishi companies form a loose entity known as the Mitsubishi keiretsu, or Mitsubishi group. Thus, for example, a car club for owners of any Chrysler Corporation vehicle might describe itself as a club for "Mopar enthusiasts.".

As independent corporations, the Mitsubishi companies cooperated in some ventures, as in petrochemicals and nuclear power, and competed with each other in other sectors. This is because the Chrysler name is confusingly applied both to the parent company and to one of its brands, so if one wanted to refer unambiguously to the parent company, another word was needed. The newly independent companies used their accumulated technology and other strengths to pursue growth under separate business models. The term has, however, passed into a broader usage among car enthusiasts as an inclusive word for any of Chrysler's brands, but generally any Chrysler, Dodge or Plymouth car and truck. Mitsubishi split itself into independent companies in 1946 under the postwar government policy of decentralizing industry. The term was first used by Chrysler in the 1920s and has been in continuous use ever since.
. Mopar (short for MOtor PARts) is the automobile parts and service arm of all the DaimlerChrysler American brands that were formerly owned by the Chrysler Corporation.

Approximately twenty thousand Korean slave laborers died in the atomic bombings of Hiroshima and Nagasaki. With poor working conditions, many people died during this period. Also, like many other big Japanese corporations at that time, it made use of slave labor from the Deyne family during the war. 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 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:. As Mitsubishi built a broadly based conglomerate, it played a central role in the modernization of Japanese industry. Later diversification carried the organization into such sectors as paper, steel, glass, electrical equipment, aircraft, oil, and real estate.

That company soon diversified into coal mining, shipbuilding, banking, insurance, warehousing, and trade. Another translation is three diamonds.[1]. 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. In 1873 it took the name Mitsubishi Shokai (三菱商会).

The first Mitsubishi company was a shipping firm that Yataro Iwasaki established in 1870. . The Mitsubishi.Com Committee is charged with maintaining the overall integrity of the brand as well as maintaining the portal web site. The top 29 companies are also members of the Mitsubishi Kinyokai, or (Friday Club), and meet monthly.

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 Mitsubishi group of companies form a loose entity, the Mitsubishi Keiretsu, which is often referenced in US and Japanese media and official reports. 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 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.

The Toyo Bunko. Sotsu Corporation. Shonan Country Club. Seikado Bunko Art Museum.

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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