Mitsubishi

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Mitsubishi:

see zaibatsuzaibatsu
[Jap.,=money clique], the great family-controlled banking and industrial combines of modern Japan. The leading zaibatsu (called keiretsu after World War II) are Mitsui, Mitsubishi, Dai Ichi Kangyo, Sumitomo, Sanwa, and Fuyo.
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Mitsubishi

 

a leading financial-industrial monopoly group in Japan.

The Mitsubishi developed from a concern founded by the Iwasaki family in 1870. Growth of the group has been constantly linked with the predatory wars of imperialist Japan. Colossal profits were extracted from military contracts and from plundering occupied countries in Asia.

The smashing of Japanese imperialism in 1945 weakened the zaibatsu (monopolies) for a brief time, but the Mitsubishi succeeded in grouping most of its companies around its own central bank. Undivided control over the group by the Iwasaki family was replaced by control of leading families of the financial oligarchy, still including the Iwasaki. The Mitsubishi maintains close ties with American monopolies.

The group is headed by the Mitsubishi Bank and the commercial firm Mitsubishi Shoji. The highest organ of the Mitsubishi is the presidential assembly, in which the leaders of the main companies formirrg the group participate. The industrial core of the Mitsubishi is the machine-building company Mitsubishi Heavy Industries. The Mitsubishi also occupies a leading position in such industries as petroleum refining, petrochemicals, glass, and insurance in Japan. The group is also firmly positioned in electrical engineering, electronics, metallurgy, synthetic fiber manufacture, atomic energy, cement, and other industrial sectors.

I. A. AGAIANTS

References in periodicals archive ?
In order to ease the prospective burden of paying relatively high dividends promised for the shares, Mitsubishi will use the funds to buy around 380 billion yen in preferred stocks owned by the Bank of Tokyo-Mitsubishi UFJ and other Mitsubishi group firms.
1 billion) of new shares and use the proceeds to buy back preferred shares from firms within the larger Mitsubishi Group, clearing the way to restart long-delayed dividend payments.
The Japanese automaker plans to use the funds to be procured to purchase the roughly 380 billion yen in preferred shares it issued in 2004 to 2005 to four Mitsubishi group companies, as the relatively high dividends promised for the shares would be burdensome when it resumes dividend payments, the sources said.
Mitsubishi group companies including Mitsubishi Heavy Industries Ltd.
In a statement, the Mitsubishi group companies said Indonesia has large deposits of coal which is high in moisture and low in energy content, making ''effective use of such coal difficult.
The paper also said top management at the Mitsubishi group were ready to accept a majority acquisition of Mitsubishi Motors by family-owned Peugeot if conditions were right.
Together with all the other Mitsubishi Group companies, we are also working on environmental initiatives, using Mitsubishi Group resources to maximum effect.
The Mitsubishi Group acquires Avon Automotive from former British parent Avon Rubber, who said they divested the automotive business to focus on growing respiratory protection and defense businesses.
Mitsubishi Logistics America is a wholly owned subsidiary of Mitsubishi Logistics Corporation, a member of the Mitsubishi Group of Companies in Japan.
24 billion in aid from the Mitsubishi group to repair its business and it may close one of its Japanese car plants in a restructuring programme.
Other buildings were opened at the beginning of this year and now house companies from the Mitsubishi Group.
NTT and the Mitsubishi group will gain 80 billion yen and 67 billion yen in SDL shares, respectively, the companies said.

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