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For the automotive corporation, see Mitsubishi Motors Mitsubishi Logo The Mitsubishi Group (三菱グループ, Mitsubishi Gurūpu?), Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese conglomerate consisting of a range of autonomous businesses which share the Mitsubishi brand, trademark and legacy.The Mitsubishi group of companies form 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 companies with extensive share crossholdings, personnel swaps and strategic co-operation. The top 29 companies are also members of the Mitsubishi Kin'yōkai, 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 established by Yataro Iwasaki (1834 — 1885) in 1870. In 1873 its name was changed to Mitsubishi Shokai (三菱商会). The name Mitsubishi (三菱) has two parts: "mitsu" meaning "three" and "bishi" meaning "water caltrop" (also called "water chestnut"), and hence "rhombus", which is reflected in the company's logo. Another translation is "three diamonds". The company bought into coal mining in 1881 by acquiring the Takashima mine, using the produce to fuel their extensive steamship fleet. They also diversified into 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.[citation needed] The 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 1950, Japan's largest general trading company Mitsubishi Heavy Industries, which includes these industrial companies. Mitsubishi Motors, the 4th largest Japanese auto manufacturer. Mitsubishi Atomic Industry, a nuclear power company. Mitsubishi Chemical, the largest Japanese chemicals company World War II The Mitsubishi Zero was a primary Japanese naval fighter in World War II. It was used by Imperial Japanese Navy pilots in the attack on Pearl Harbor and in kamikaze attacks until the end of the war. Allied pilots were astounded by its maneuverability, and it was very successful in combat until the Allies devised tactics to utilize their advantage in firepower and diving speed. Mitsubishi also built the "Raiden", a land-based interceptor. As well as building prominent fighters, Mitsubishi also built many of Japan's most famous bombers of the war, such as the G3M, the G4M, the Ki-21, and the Ki-67. Post war Mitsubishi split itself into independent companies in 1946 under the post-war 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. New era Mitsubishi participated in Japan's unprecedented economic growth of the 1950s and 1960s. For example, as Japan modernized its energy and materials industries, the Mitsubishi companies created Mitsubishi Petrochemical, Mitsubishi Atomic Power Industries, Mitsubishi Liquefied Petroleum Gas, and Mitsubishi Petroleum Development. The traditional Mitsubishi emphasis on technological development was in new ventures in such fields as space development, aviation, ocean development, data communications, computers, and semiconductors. Mitsubishi companies also were active in consumer goods and services. In 1970, Mitsubishi companies established the Mitsubishi Foundation to commemorate the centennial anniversary of the founding of the first Mitsubishi company. The companies also individually maintain charitable foundations. Mitsubishi pavilions have been highlights of expositions in Japan since the historic EXPO'70 in Osaka in 1970. As of 2007 Mitsubishi Corporation, a member of the Mitsubishi Group, is Japan's largest general trading company sogo shosha with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, Mitsubishi employs a multinational workforce of approximately 54,000 people. Mitsubishi has long been engaged in business with customers around the world in many industries, including energy, metals, machinery, chemicals, food and general merchandise. Controversy The history of Japanese forced labor has been revisited in recent years. Since 1999, almost 60 Japanese companies, that engaged in wartime forced labor, including the war era Mitsubishi group, have been sued in U.S. courts by former Allied POWs seeking unpaid wages and proper compensation for damages. Niall Murtagh's book, "The Blue-Eyed Salaryman", describes both positive and negative aspects of working for Mitsubishi from a foreigner's perspective. Mitsubishi companies Core members Asahi Glass Co. The Bank of Tokyo-Mitsubishi UFJ, Ltd. Kirin Brewery Co., Ltd. Meiji Yasuda Life Insurance Company Mitsubishi Agricultural Machinery 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 (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. Dai Nippon Toryo 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 Motors North America 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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53 Makes In Database 2006 Mitsubishi Galant GTS 2006 Mitsubishi Evolander Concept 2006 Mitsubishi Endeavor LTD 2006 Mitsubishi Eclipse GT V6 2005 Mitsubishi Street Raider Concept 2005 Mitsubishi Montero GLS 5door European Version 2005 Mitsubishi Montero GLS 3door European Version 2005 Mitsubishi Montero 2005 Mitsubishi Lancer Evolution Wagon GT 2005 Mitsubishi Lancer Evolution VIII MR 2005 Mitsubishi Lancer Evolution IX 2005 Mitsubishi Eclipse Ralliart Concept 2004 Mitsubishi Outlander Turbo European Version 2004 Mitsubishi Outlander 2004 Mitsubishi Montero Sport 2004 Mitsubishi Montero 2004 Mitsubishi Lancer Sportback Ralliart 2004 Mitsubishi Lancer Sportback LS 2004 Mitsubishi Lancer Ralliart 2004 Mitsubishi Lancer Evolution VIII European Version 2004 Mitsubishi Lancer Evolution RS 2004 Mitsubishi Grandis European Version 2004 Mitsubishi Galant 2004 Mitsubishi Endeavor Ralliart Concept 2004 Mitsubishi Endeavor 2004 Mitsubishi Diamante 2003 Mitsubishi Outlander European Version 2008 Mitsubishi Lancer Evolution X 2008 Mitsubishi Lancer ES 2008 Mitsubishi Lancer 2007 Mitsubishi Raider LS 2007 Mitsubishi Raider DuroCross 2007 Mitsubishi Prototype X Concept 2007 Mitsubishi Pajero Evolution 2007 Mitsubishi Pajero European Specs 2007 Mitsubishi Outlander Urban 2007 Mitsubishi Outlander 2007 Mitsubishi L200 Single Cab 2007 Mitsubishi L200 Double Cab 2007 Mitsubishi L200 Club Cab 2007 Mitsubishi Galant Ralliart 2007 Mitsubishi Endeavor SE 2007 Mitsubishi Eclipse Spyder 2007 Mitsubishi Eclipse GT 2007 Mitsubishi Eclipse GS 2006 Mitsubishi Raider XLS V8 2006 Mitsubishi Raider XLS 2006 Mitsubishi Raider DuroCross V8 2006 Mitsubishi Outlander SE 2006 Mitsubishi Outlander Concept 2006 Mitsubishi Lancer Ralliart 2006 Mitsubishi Lancer Evolution MR 2006 Mitsubishi Lancer Evolution IX SE |
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