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Dec 11, 2018 · At the same time, companies from a cross-section of industries formerly attached to three of the prewar zaibatsu — Mitsui, Mitsubishi and Sumitomo — began to re-group informally, due to the anti-holding company law enacted by the U.S. occupation. These cooperative groups of companies were known as kigyō shūdan (企業集団) in Japanese.
The group's fortunes, as well as the Japanese economy, declined in the late 1980s and early 1990s. Falling demand in Mitsubishi Corporation's vital fuels segment combined with a "strong-yen recession." In addition, many Japanese companies ceased to rely on the trading services provided by sogo shosha, or general trading companies like ...
ciples in October 2010. The committee has built on research regarding Sogo Shosha, which are institutions sai. to be unique to Japan. These research findings were published in. March 2012 in Japanese.The following is English trans. ation of the summaries.2.SOGO SHOSHA, the general trading company, is a term which appeared in the postwar period ...
Sojitz. 111. 923. Sogo shosha (総合商社, sōgō shōsha, or general trading companies) are Japanese wholesale companies that trade in a wide range of products and materials. In addition to acting as intermediaries, sōgō shōsha also engage in logistics, plant development and other services, as well as international resource exploration.
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Yataro Iwasaki, founder
Born in a provincial farming family in Aki, Tosa province (now Kochi prefecture), Yataro Iwasaki (1835-1885) studied under the reformist Toyo Yoshida, who influenced him with ideas about opening and developing Japan through industry and foreign trade. Through Yoshida, he found work as a clerk for the Tosa government, and was eventually promoted to financial manager of the Tosa clan's trading office in Nagasaki, responsible for trading camphor oil and paper to buy ships, weapons, and ammunitio...
Diversification and decentralization
Yanosuke Iwasaki (1851-1908) succeeded his brother as head of the Mitsubishi organization in 1885. Under his autocratic leadership, Mitsubishi continued to grow. He incorporated Mitsubishi as a modern corporation, rebuilt the organization around its mining and shipbuilding businesses, and expanded its interests in banking, insurance and warehousing. In 1890, he purchased 80 acres of the land next to the Imperial Palace in Tokyo, now known as Marunouchi. In 1893, Iwasaki Hisaya (1865 – 1955),...
Modernization
Koyata Iwasaki (1879 – 1945), the son of Iwasaki Yanosuke, took over the presidency of Mitsubishi in 1916. He had also studied abroad, and had graduated from Cambridge University. For almost 30 years, he played an important role in shaping Japanese industry. Under his leadership, the various divisions of Mitsubishi were incorporated into semi-autonomous companies. The organization ventured into industries such as paper, steel, glass, electrical equipment, aircraft, oil, and real estate. Autom...
The name Mitsubishi (三菱) has two parts: "mitsu" meaning "three" and "bishi" meaning "water caltrop" (also called "water chestnut"), and hence "rhombus," or “diamond,” which is reflected in the company's logo. It is also translated as "three diamonds". The Mitsubishi emblem was a combination of the Iwasaki family crest (three stacked rhombuses) and ...
The Mitsubishi group of companies forms a loose entity, the Mitsubishi Keiretsu, which is often referenced in US and Japanese media and official reports; in general these companies all descend from the zaibatsu of the same name. A keiretsu is a common feature of Japanese corporate governance, and refers to a collaborative group of integrated compan...
Mishima, Yasuo. The Mitsubishi: its challenge and strategy. Industrial development and the social fabric, v. 11. Greenwich, CT: JAI Press, 1989. ISBN 978-1559380317Mitsubishi Public Affairs Committee. "The Four Presidents Who Built the Foundations of Mitsubishi". Retrieved December 28, 2015.Rudlin, Pernille. The history of Mitsubishi Corporation in London: 1915 to present day. Routledge advances in Asia-Pacific business. London: Routledge, 2000. ISBN 978-0415228725Tanaka, Kenzō. Challengers, pioneers, and innovators: the front lines of the Mitsubishi Corporation Group. Tokyo: Mitsubishi Corporation, 2004.All links retrieved November 9, 2022. 1. Portal website for Mitsubishi companies 2. Mitsubishi Public Affairs Committee(Japanese)
Mitsubishi Corporation (三菱商事株式会社, Mitsubishi Shōji Kabushiki-gaisha) is Japan's largest trading company (sogo shosha) and a member of the Mitsubishi keiretsu. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including energy , industrial finance, banking , machinery , chemicals , and food .
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They soon found themselves into banking and finance and dominated global trade. Japan’s major sogo shosha include Nissho Iwai Corp., Sumitomo, Marubeni, Mitsubishi, Mitsui, C. Itoh, Nichimen and Kanematsu-Gosho. These sogo shosha controlled about 10 percent of the world’s exports and over 50 percent of Japan’s overall trade in the late 1990s.
