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Sumitomo
The is a Japanese corporate group and '' keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. Instead, the companies in the group hold shares in each other, but they are limited to exchanging information and coordinating plans through regular meetings. History The Sumitomo Group traces its roots to a bookshop in Kyoto founded circa 1615 by Masatomo Sumitomo, a former Buddhist monk. Even today, management of the group is guided by his "Founder's Precepts", written in the 17th century. Copper refining made the company famous. Riemon Soga, Masatomo Sumitomo's brother-in-law, learned Western methods of copper refining. In 1590, he established a smelting business, ''Izumiya'', literally meaning " spring shop". Riemon perfected techniques that allowed the extraction of silver from copper ore, something Japanese technology had not prev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sumitomo Group
The is a Japanese corporate group and ''keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. Instead, the companies in the group hold shares in each other, but they are limited to exchanging information and coordinating plans through regular meetings. History The Sumitomo Group traces its roots to a bookshop in Kyoto founded circa 1615 by Masatomo Sumitomo, a former Buddhist monk. Even today, management of the group is guided by his "Founder's Precepts", written in the 17th century. Copper refining made the company famous. Riemon Soga, Masatomo Sumitomo's brother-in-law, learned Western world, Western methods of copper refining. In 1590, he established a smelting business, ''Izumiya'', literally meaning "Spring_(hydrology), spring shop". Riemon perfected techniques that allowed the extraction of silver from copper ore, something Ja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sumitomo Bank
was a major Japanese bank, founded 1895 in Osaka and a central component of the Sumitomo Group. For much of the 20th century it was one of the largest Japanese banks, together with Dai-Ichi Bank, Mitsubishi Bank, Mitsui Bank, and Yasuda / Fuji Bank. In 1948, it was renamed Osaka Bank, but reverted to Sumitomo Bank in 1952. On , Sumitomo Bank merged with Sakura Bank to form Sumitomo Mitsui Banking Corporation. History Sumitomo Bank was established as a private enterprise in November 1895 and reorganized as a limited company with 15 million yen of capital in March 1912. It opened overseas branches during the World War I era as the Sumitomo zaibatsu business became more international. By 1929, Sumitomo Bank had 8 offices outside of Japan and its colonies, more than any of its commercial banking peers though less than the Yokohama Specie Bank, Bank of Chōsen and Bank of Taiwan for which foreign trade was part of a public-interest mandate under special legislation. After World ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitsui Sumitomo Insurance Group
is a Japanese insurance holding company headquartered in Tokyo, Japan. MSIG was formed in 2001 from the merger of Mitsui Marine & Fire Insurance Co. (itself descended from the Taishō Marine and Fire Insurance Co. founded in 1918) and The Sumitomo Marine & Fire Insurance. In 2010, April Aioi Insurance Co., Ltd., Nissay Dowa General Insurance Co., Ltd., merged into MSIG, making the group's name changed in to MS&AD Insurance Group Holdings, Inc.. According to this business integration, MS&AD has become the largest property insurance Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or bo ... company in Japan, with market share of 33% in 2013. On 8 September 2015, it was announced that Mitsui Sumitomo had agreed to buy the UK insurance firm Amlin for £3.5bn. Group companies Non-life i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sumitomo Mitsui Banking Corporation
is a Japanese multinational banking financial services institution owned by the Sumitomo Mitsui Financial Group, which is also known as the SMBC Group. It is headquartered in the same building as SMBC Group in Marunouchi, Chiyoda, Tokyo, Japan. SMBC was established in 2001 through the merger of The Sakura Bank, which originated from the Mitsui zaibatsu and was founded as Mitsui Bank in 1876, and The Sumitomo Bank, which originated from the Sumitomo zaibatsu and was founded in 1895. Digital banking IC cash card An IC cash card is a single cash card that can be used with three method of identification: biometric authentication, IC chip or magnetic stripe, by setting the limit and registering biometric information (finger vein pattern). With this cash card, the security of usage improved since transactions relies on IC chip recording data and the pattern of past transactions that combined IC chip recording data and biometric authentication. As of 2017, SMBC issued IC cash ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Masatomo Sumitomo
was a Japanese Buddhist monk and businessman credited with founding the eponymous Sumitomo Group. He was an 8th generation descendant of Sumitomo Tadashige. Sumitomo Tadashige said to be 22nd generation descendant of Taira no Takamochi from Kanmu Heishi clan who was a grandson of 50th Emperor of Japan, Emperor Kanmu , or Kammu, was the 50th emperor of Japan,Imperial Household Agency (''Kunaichō'') 桓武天皇 (50) retrieved 2013-8-22. according to the traditional order of succession. Kammu reigned from 781 to 806, and it was during his reign that the scop .... Originally, he was a Buddhist monk. During his lifetime, there were mainly two sects of Buddhist monks in Japan. Masatomo belonged to one of the two which later ceased to exist. Reluctant to join the other group of Buddhist monks, he turned to business to make a living. He started his business by selling books and medicines at first in a bookshop in Kyoto circa 1615. References 1585 births 1652 deaths 16th- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zaibatsu
is a Japanese language, Japanese term referring to industrial and financial vertical integration, vertically integrated business conglomerate (company), conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Economy of Japan, Japanese economy from the Meiji period to World War II. A zaibatsu's general structure included a family-owned holding company on top, and a bank which financed the other, mostly industrial subsidiaries within them. Although the zaibatsu played an important role in the Japanese economy beginning in 1868, they especially increased in number and importance following the Russo-Japanese War, World War I, and Japan's subsequent attempt to conquer East Asia and the Pacific Rim during the interwar period and World War II. After World War II, they were dissolved by the Occupation of Japan, Allied occupation forces and succeeded by the ''keiretsu'' (groups of banks, manufacturers, suppliers, and distributors). Equ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NEC Corporation
is a Japanese multinational information technology and electronics corporation, headquartered at the NEC Supertower in Minato, Tokyo, Japan. It provides IT and network solutions, including cloud computing, artificial intelligence (AI), Internet of Things (IoT) platform, and telecommunications equipment and software to business enterprises, communications services providers and to government agencies. NEC has also been the largest PC vendor in Japan since the 1980s when it launched the PC-8000 series; it currently operates its domestic PC business in a joint venture with Lenovo. NEC was the world's fourth-largest PC manufacturer by 1990. Its semiconductors business unit was the world's largest semiconductor company by annual revenue from 1985 to 1992, the second largest in 1995, one of the top three in 2000, and one of the top 10 in 2006. NEC spun off its semiconductor business to Renesas Electronics and Elpida Memory. Once Japan's major electronics company, NEC has largely ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mazda
is a Japanese Multinational corporation, multinational automotive manufacturer headquartered in Fuchū, Hiroshima (town), Fuchū, Hiroshima Prefecture, Hiroshima, Japan. The company was founded on January 30, 1920, as Toyo Cork Kogyo Co., Ltd., a cork-making factory, by Jujiro Matsuda. The company then acquired Abemaki Tree Cork Company. It changed its name to Toyo Kogyo Co., Ltd. in 1927 and started producing vehicles in 1931. Mazda is known for its innovative technologies, such as the Wankel engine, the SkyActiv platform, and the Kodo Design language. It also has a long history of motorsport involvement, winning the 24 Hours of Le Mans in 1991 with the rotary-powered Mazda 787B. In the past and present, Mazda has been engaged in alliances with other automakers. From 1974 until the late 2000s, Ford Motor Company, Ford was a major shareholder of Mazda. Other partnerships include Toyota, Nissan, Isuzu, Suzuki and Kia. In 2023, it produced 1.1 million vehicles globally. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keiretsu
A is a set of companies with interlocking business relationships and shareholdings that dominated the Japanese economy in the second half of the 20th century. In the legal sense, it is a type of business group that is in a loosely organized alliance within Japan's business community. It rose up to replace the ''zaibatsu'' system that was dissolved in the occupation of Japan following the Second World War. Though their influence has shrunk since the late 20th century, they continue to be important forces in Japan's economy in the early 21st century. The members' companies own small portions of the shares in each other's companies, centered on a core bank; this system helps insulate each company from stock market fluctuations and takeover attempts, thus enabling long-term planning in projects. Origins The prototypical ''keiretsu'' appeared during the Japanese economic miracle which followed World War II, amid the dissolution of family-controlled vertical monopolies called ''za ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Osaka
is a Cities designated by government ordinance of Japan, designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the List of cities in Japan, third-most populous city in Japan, following the special wards of Tokyo and Yokohama. With a population of 2.7 million in the 2020 census, it is also the largest component of the Keihanshin, Keihanshin Metropolitan Area, which is the List of metropolitan areas in Japan, second-largest metropolitan area in Japan and the 10th-List of urban areas by population, largest urban area in the world with more than 19 million inhabitants. Ōsaka was traditionally considered Japan's economic hub. By the Kofun period (300–538) it had developed into an important regional port, and in the 7th and 8th centuries, it served briefly as the imperial capital. Osaka continued to flourish during the Edo period (1603–1867) and became known as a center of Japanese culture. Following the M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Osaka Titanium Technologies
is a Japanese non-ferrous metal manufacturing company based in Amagasaki, Hyōgo Prefecture, Japan. It is the world's second largest producer of titanium sponge after VSMPO-Avisma. It produces titanium products using the Kroll process, and also produces silicon products. In 2010, increased demand for titanium led to increased supply capacity, but Osaka Titanium Technologies was still able to raise prices due to continuing strong demand from the aviation industry. The company is part of the Sumitomo Group, one of the largest Japanese keiretsu. History The company was founded in 1937 as Osaka Special Steel Manufacturing. Sumitomo Metal Industries took a stake in 1952, and work began on titanium. Also in 1952, the company changed its name to Osaka Titanium Co., Ltd. Kobe Steel took an equity stake in the company in 1953. In 2002, the company was named Sumitomo Titanium Corporation and was listed on the first section of Tokyo Stock Exchange, and in 2007, it was renamed Osaka Tita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nippon Sheet Glass
is a Japanese glass manufacturing company. In 2006, it acquired Pilkington of the United Kingdom. This makes NSG/Pilkington one of the four largest glass companies in the world alongside another Japanese company Asahi Glass, Saint-Gobain, and Guardian Industries. The company is listed on the Tokyo Stock Exchange. History The company was established in November 1918 as America Japan Sheet Glass Co., Ltd. with its head office in Osaka, after it obtained technology from Libbey Owens Ford Glass Co. of the United States to produce flat glass using the Colburn process. The company changed its name to the Nippon Sheet Glass Co., Ltd. in January 1931. It expanded operations across Japan post World War II, and in October 1970, acquired Nippon Safety Glass Co., Ltd. In April 1999, the company merged with Nippon Glass Fiber Co., Ltd. and Micro Optics Co., Ltd. In April 2001, the company acquired Nippon Muki Co., Ltd. and in July 2004, moved the registered head office from Osaka ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
