(redirected from Mitsubishi companies)


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.
..... Click the link for more information.



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.


References in periodicals archive ?
As at last year's show, Mitsubishi Electric will again collaborate with several other Mitsubishi companies, including AGC Glass Products Co.
It aims to use the proceeds to buy back preferred stock held by other Mitsubishi companies.
Iraqi Cabinet endorsed establishment of Basra Gas Company, in cooperation with Dutch Shell and Japanese Mitsubishi companies.
The Mitsubishi companies said carbon dioxide emissions from the project will be sequestered deep underground through a carbon capture and storage system.
It is currently planned that the new jointly-owned company will commence operations on 1 October 2010, with Hitachi holding 50% and the remaining 50% being shared by the two Mitsubishi companies.
Mitsubishi Motors plans to use the money raised through the stake sale to buy back preferred shares issued to Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries Ltd, and other Mitsubishi companies, the Nikkei said.
Iceland and the two Mitsubishi companies have already forged strong relationships in many areas, and to date MHI, together with MC, has received orders for 15 geothermal power plants from the country.
The two Mitsubishi companies expect the new company to generate 10 billion yen ($91 mil) in annual sales.
The police also searched the headquarters of the three Mitsubishi companies on Nov.
Combined new vehicle sales by the two Mitsubishi companies came to 27,896 units in the April-September period, the lowest for any half-year period in a reading indicating lingering negative effects on their business by a series of vehicle defect coverup scandals.
The rare move to appoint a vice president of a group company to head the parent firm was announced amid expectations that Mitsubishi Chemical would skip dividends for the first time since it was established in 1994 through a merger between two Mitsubishi companies.
RAN had imposed a blanket boycott on all Mitsubishi companies, to protest the Mitsubishi Corporation's rainforest logging policies.

Full browser ?