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Mitsubishi Precis
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 to 1946. The company was disbanded during the occupation of Japan following World War II. The former constituents of the company continue to share the Mitsubishi brand and trademark. Although the group of companies participate in limited business cooperation, most famously through monthly "Friday Conference" executive meetings, they are formally independent and are not under common control. The four main companies in the group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation (a general trading company), Mitsubishi Electric and Mitsubishi Heavy Industries (both diversified manufacturing companies). History The Mitsubishi company was established as a shipping firm by Iwasaki Yatarō (1834–1885) in 1870 under the nam ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Mitsubishi Motors
is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo, Japan.Corporate Profile
, Mitsubishi Motors website, 19 June 2008
In 2011, Mitsubishi Motors was the sixth-largest Japanese and the 19th-largest worldwide by production. Since October 2016, Mitsubishi has been one-third (34%) owned by Nissan, thus a part of the Renault–Nissan–Mitsubishi Alliance. Besides being part of the Renault–Nissan–Mitsubishi A ...
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Mitsubishi Materials
, or MMC, is a Japanese company. It is a manufacturer of cement products, copper and aluminum products, cemented carbide tools, and electronic materials. It is one of the core companies of Mitsubishi Group. The company is listed on the Tokyo Stock Exchange and the Osaka Securities Exchange, and is a constituent of the Nikkei 225 stock market index. In 2018 Mitsubishi Materials admitted that five of its subsidiaries, Mitsubishi Cable Industries Ltd., Mitsubishi Shindoh Co., Mitsubishi Aluminum Co., Tachibana Metal MFG Co. and Diamet Corp., had falsified quality data over the past three years on shipments including aluminium and automotive components. Mitsubishi Materials has started investigations at about 120 factories in its group. Business summary Mitsubishi Materials Corporation has eight business sections, which are: * Cement business ** Portland cement ** Cement-related products ** Ready-mix concrete ** Building materials * Metals business ** Copper smelting ** Copper ...
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Mitsubishi Logistics
Mitsubishi Logistics, Inc. is a logistics company with its headquarters in Shinkawa, Chuo-ku, Tokyo. It is a member of the Mitsubishi group and a participant of Mitsubishi Kinyokai and Mitsubishi Public Affairs Committee. History Since its predecessor, Tokyo Logistics, was founded in 1887 and changed the corporate name to its current one in 1918, Mitsubishi Logistics reached its 120th anniversary in 2007. Among the Mitsubishi zaibatsu, the foundation of Mitsubishi Logistics followed the establishment of NYK line, Mitsubishi Corporation, Mitsubishi Heavy Industries, and Mitsubishi Bank (currently The Bank of Tokyo-Mitsubishi UFJ); the company has tradition and history. The Edobashi warehouse building, which was built in 1930 and was originally where the company's headquarters was located, has a unique appearance reminiscent of a ship and has been designated Tokyo's historic landmark as a renowned art piece of expressionistic architecture. A renovation project is underway to rede ...
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Mitsubishi Heavy Industries
is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors. MHI's products include aerospace and automotive components, air conditioners, elevators, forklift trucks, hydraulic equipment, printing machines, missiles, tanks, power systems, ships, aircraft, railway systems, and space launch vehicles. Through its defense-related activities, it is the world's 23rd-largest defense contractor measured by 2011 defense revenues and the largest based in Japan. History In 1857, at the request of the Tokugawa Shogunate, a group of Dutch engineers were invited, including Dutch naval engineer Hendrik Hardes, and began work on the ''Nagasaki Yotetsusho'' 長崎鎔鉄所 , a modern, Western-style foundry and shipyard near the Dutch settlement of Dejima, at Nagasaki. This was renamed ''Naga ...
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Mitsubishi Estate
is one of the largest real-estate developers in Japan and is involved in property management and architecture research and design. As of 2018, Mitsubishi Estate has the most valuable portfolio in the Japanese real estate industry, with a total value of approx. 7.4 trillion yen, much of which is located in the Marunouchi district of Tokyo. MEC owns Japan's second tallest building, the Yokohama Landmark Tower, as well as the Sanno Park Tower and Marunouchi Building in Tokyo. Mitsubishi Estate has its headquarters in the Otemachi Building in Ōtemachi, Chiyoda, Tokyo. It is one of the core Mitsubishi companies. History The company was established in 1937 as a spin-off of the real estate holdings of the Mitsubishi ''zaibatsu''. It was listed on the Tokyo and Osaka stock exchanges in 1953. Its largest concentration of assets is around the Daimaruyū area ( Ōtemachi, Marunouchi and Yūrakuchō districts) west of Tokyo and Yūrakuchō Stations, an area purchased by the ''zaiba ...
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Mitsubishi Electric
, established on 15 January 1921, is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It is one of the core companies of Mitsubishi. The products from MELCO include elevators and escalators, high-end home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites. In the United States, products are manufactured and sold by Mitsubishi Electric United States headquartered in Cypress, California. History MELCO was established as a spin-off from the Mitsubishi Group's other core company Mitsubishi Heavy Industries, then Mitsubishi Shipbuilding, as the latter divested a marine electric motor factory in Kobe, Nagasaki. It has since diversified to become the major electronics company. MELCO held the record for the fastest elevator in the world, in the 70-story Yokohama Landmark Tower, from 1993 to 2005. The company acquired Ni ...
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Mitsubishi Corporation
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 finance, banking, energy, machinery, chemicals, and food. History The company traces its roots to the Mitsubishi conglomerate founded by Yataro Iwasaki. Iwasaki was originally employed by the Tosa clan of modern-day Kōchi Prefecture, who posted him to Nagasaki in the 1860s. During this time, Iwasaki became close to Sakamoto Ryōma, a major figure in the Meiji Restoration that ended the Tokugawa shogunate and restored the primacy of the emperor of Japan in 1867. Iwasaki was placed in charge of the Tosa clan's trading operation, Tsukumo Shokai, based in Osaka. This company changed its name in the following years to Mitsukawa Shokai and then to Mitsubishi Shokai. Around 1871, the company was renamed Mitsubishi Steamship Company and began a mail service between Yokohama and Shang ...
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Mitsubishi Chemical Holdings
is a Japanese company formed in October 2005 from the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The company is based in Tokyo and is one of the core Mitsubishi companies. History On December 4, 2021, the company announced they would be leaving the commodity chemical businesses by the 2023 fiscal year. The petrochemical and coal-chemical units accounted for $4.8 billion a year in sales and they said the reason for divesting is Japan's shift toward carbon neutrality Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the "p ... and poor growth potential. References External links * Companies listed on the Tokyo Stock Exchange Companies listed on the Osaka Exchange Mitsubishi companies Japanese companies established in 2005 Holding companies ...
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Mitsubishi Aluminum Co
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 to 1946. The company was disbanded during the occupation of Japan following World War II. The former constituents of the company continue to share the Mitsubishi brand and trademark. Although the group of companies participate in limited business cooperation, most famously through monthly "Friday Conference" executive meetings, they are formally independent and are not under common control. The four main companies in the group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation (a general trading company), Mitsubishi Electric and Mitsubishi Heavy Industries (both diversified manufacturing companies). History The Mitsubishi company was established as a shipping firm by Iwasaki Yatarō (1834–1885) in 1870 under the name . ...
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Mitsubishi Aircraft Corporation
, abbreviated MITAC, is a Japanese company that develops, produces, sells and supports the Mitsubishi SpaceJet (formerly MRJ) passenger airliners. The manufacturing of the aircraft is carried out by parent company Mitsubishi Heavy Industries (MHI). Overview MITAC was established on 1 April 2008. MHI has a controlling 64% of the shares of the company, while Toyota Motor Corporation and Mitsubishi Corporation each owns 10% of the shares; other shareholders include Sumitomo Corporation and Mitsui & Co. MITAC is headquartered at Nagoya Airfield in Komaki in Aichi Prefecture, adjacent to the MRJ production facilities. It has branch offices in Nagoya and Tokyo, which are co-located with MHI offices. MITAC has overseas subsidiaries based in Amsterdam and in Renton, Washington. CEO Teruaki Kawai has indicated that the company will not produce aircraft larger than the MRJ, as MHI is a major supplier to Boeing (including manufacturing wings for the Boeing 787), and the group general ...
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