Mitsubishi

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Mitsubishi (三菱グループ, Mitsubishi</i ?) or Mitsubishi Group, is a loose consortium of Independent Japanese companies that were created out of the Mitsubishi family business that was dissolved after World War II and re-established in April 1950.

It was founded on May 13, 1870 by Yatarō Iwasaki, the son of a samurai family. He played an important role in Japan's transformation into an industrialized society. At first it was dedicated to maritime transport. Thanks to the impulse of its founder, it would become one of the most powerful consortiums in Japan. Currently, Mitsubishi is a consortium of decentralized companies.

The Mitsubishi brand and name refer to “three diamonds”. Its name is derived from the words "mitsu", which means three, and "hishi", which means triangular water chestnuts.

History

Yatarō Iwasaki.

Beginnings

In 1870, Iwasaki leased three obsolete ships and with them established the Steam Mailing Company Three Diamonds (Рорикистисти, Mitsubishi?). He quickly transformed it into Japan's largest shipping company. It expanded its activities to naval constructions, metal mines and coal.

When the Japanese government planned to unify the Japanese currency, Yataro heard that the central government was going to buy the coins of each local government. Thus, he bought many local currencies and sold them to the central government. He won a fortune in this activity, even though it was what is known today as doing business with privileged information.

Then, Mitsubishi devoted himself to military transport. As he received numerous requests from the government, Yataro said “where the government is, Mitsubishi may be.” But he was sometimes criticized for his monopoly on business.

In 1882, a new transport company began. They competed more or less for 2 years, transportation prices dropped to a tenth of the first price. Also at this time, some foreign companies had access to the Japanese market, so Mitsubishi competed against them too. Finally, Yataro devised a system to finance another company using as a guarantee the ships and won the competition against other companies. This business was the beginning of what would later be the Bank of Mitsubishi.

Since 1885

At the end of the 19th century, the company (which alone generates half of Japan's maritime traffic) began a process of diversification that would end with the creation of three entities:

  • Mitsubishi Bank, bank founded in 1880. After merged with the Tokyo Bank in 1886, and with UFJ Bank in 2006, it became The Bank of Tokyo-Mitsubishi UFJ, and is currently the most important bank in Japan.
  • Mitsubishi Corporation, founded in 1893, serves the internal funding of the group.
  • Mitsubishi Heavy Industries encompasses the industrial activities of the group. It is divided in turn into:
    • Mitsubishi Motors is 1. Japanese automotive builder and sixth in size.
    • Mitsubishi Atomic Industrydedicated to nuclear energy.
    • Mitsubishi Chemicalwhich is the largest Japanese chemical company.

At the end of World War II, General McArthur rules the country as a result of the Occupation of Japan. The United States wants to eliminate the consortiums, considering them the main instigators of the war, among them Mitsubishi (which had produced military equipment for the Japanese army, including the famous Mitsubishi A6M fighter). Thus, the American administrators decreed the dissolution of the group, with the express prohibition of reunification. Other groups, like Sumitomo, followed the same fate. The existence of financial links between the companies that had belonged to the group is also prevented, and even its emblem is prohibited, although it would gradually reappear.

Since then, the only official link between the different companies of the group is an old house where the presidents regularly meet to distribute (authorized) subsidies to political parties and decide which subsidiaries are authorized or not to bear the Mitsubishi name and logo. However, very slowly, here and there rapprochements or regroupings take place between the former companies of the group.

Companies belonging to the Mitsubishi brand

The companies of the Mitsubishi group are considered as traditional companies, producers of high-end goods and services. They generally pay attention to their brand image and some of them work for different administrations. The group companies own a myriad of subsidiaries and contracts that do not bear the Mitsubishi name. For example, the Japanese operator of telecommunications satellites, the Space Communications Corporation is owned by some thirty companies of the Mitsubishi group, although it does not bear its name.

According to its official website (with data from August 2005):

  • Asahi Glass Co., Ltd.
  • Fujiya Co.
  • Mitsubishi Materials Corp. Nippon Oil Corp.
  • Mitsubishi Chemical Corp.
  • Mitsubishi Motors Corp.
  • Nippon Yusen Kabushiki Kaisha
  • Mitsubishi Corporation
  • Mitsubishi Paper Mills, Ltd.
  • P.S. Mitsubishi Construction Co., Ltd.
  • Mitsubishi Electric Corp.
  • Mitsubishi Plastics, Inc.
  • Mitsubishi Pencil Co., Ltd.
  • Tokyo Marine & Nichido Fire Insurance Co., Ltd.
  • Mitsubishi Estate Co., Ltd.
  • Mitsubishi Rayon Co., Ltd.
  • Mitsubishi bought part of Hyundai Motors.
  • CAP (19%)
  • MHI RJ Aviation Group
  • Mitsubishi Aircraft Corporation
  • Mitsubishi Heavy Industries

Timeline of your Logo

Products

  • Aerospace system
    • Fixed-wing aircraft
      • Mitsubishi F-1
      • Mitsubishi F-2
      • Mitsubishi F-15J
      • Mitsubishi H-60
      • Mitsubishi A6M Zero
      • Mitsubishi MH2000
      • Mitsubishi MU-2
      • Mitsubishi MU-300 Diamond
      • [1]
      • Mitsubishi T-2
      • Mitsubishi Regional Jet
      • Mitsubishi ATD-X
      • CRJ Series - purchased from Bombardier Aerospace includes models of Bombardier CRJ100/200 and Bombardier CRJ700/900/1000 onwards in 2019 and completed in mid 2020; renamed MHI RJ Aviation Group.
    • vehicles launched:
      • H-II
      • H-IIA
      • H-IIB
      • H3
      • N-I (with license from McDonnell Douglas)
      • N-II (with license from McDonnell Douglas)
      • H-I (with license from McDonnell Douglas)
    • Spacecraft and satellites:
      • HTV-1
      • Hayato (satellite)
      • HYFLEX
      • Kibo (ISS module)
      • Kounotori 2
      • Kounotori 3
      • Kounotori 4
      • Kounotori 5
      • Kounotori 6
      • Kounotori 7
      • Negai
      • SDS-1
      • SDS-4
      • SELENE
      • Waseda-SAT2
      • WINDS
  • Air conditioning and cooling systems
  • Defence
    • Armed combat vehicle:
      • Type 16 maneuver combat vehicle
      • Type 99 155 mm self-propelled howitzer
      • Type 12 Surface-to-Ship Missile
    • Tanks
      • Type 10
      • Type 90 Kyū-maru
      • Type 87 self-propelled anti-aircraft gun
      • Mitsubishi Type 89 IFV
    • Missiles
      • AAM-1 (Japanese missile) infrared homing air-to-air missile
      • AAM-2 all-aspect infrared homing air-to-air missile
      • AAM-3 all-aspect infrared homing air-to-air missile
      • AAM-4
      • AAM-5
      • Nike J surface-to-air missile
      • Type 80 Air-to-Ship Missile
      • Type 88 Surface-to-Ship Missile
      • Type 90 Ship-to-Ship Missile
      • Type 91 Air-to-Ship Missile
      • Type 93 Air-to-Ship Missile
    • Warships
      • Atago-class destroyer
      • Harushio-class submarine
      • Hatakaze-class destroyer
      • Kongō-class destroyer
      • Tachikaze-class destroyer
      • Takanami-class destroyer
      • Natsushio-class submarine
      • Oyashio-class submarine
      • Sōryū-class submarine
      • Hayabusa-class patrol boat
      • Yamato-class battleship
      • Unryū-class aircraft carrier
    • Torpedoes
  • Desalination equipment
  • Diesel engines
  • Electric buses
  • Energy equipment
    • Fossil fuel electricity generation equipment
      • Boilers
      • Combined cycles
      • Gas turbines
      • Steam turbines
    • Gas cell
    • Renewable energy equipment
      • Wind turbines
    • Traction batteries.
  • Forklifts
  • Industrial machines
    • Injection moulding machine
    • Machine tools
    • Compressors
    • Paper and printing machinery
  • Pepsi Spire
  • Railway vehicles
    • Crystal Move
    • K-stock metro cars with Rotem - MTR
    • Manila Metro Rail Transit System Line 3 RT8D5 LRVs with ČKD Tatra
    • Traction motors
  • Robots
    • MEISTER (Robot)
  • Ships and marine structures
    • Cruise ships
      • Sapphire Princess
      • Diamond Princess
      • M/S Amadea
      • M/S Asuka II
      • O'Mega, as built a small cruise ship, but was converted into a luxury yacht between 2002 and 2003.
      • AIDAprim
      • AIDAperla
    • Ferries
    • LNG carriers
    • LPG carriers
    • Oil tankers
    • Deep-submergence vehicles
      • DSV Shinkai 2000
      • DSV Shinkai 6500
    • Chikyū (Ocean-going Drilling Vessel)
  • Turbochargers

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