The or the Dai-Ichi Kangyo Group was the largest

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...

ese

keiretsu A is a set of companies with interlocking business relationships and shareholdings. In the legal sense, it is a type of informal business group that are loosely organized alliances within the social world of Japan's business community. The '' ...

in the late 1990s. The group emerged after

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

and coalesced around the

Dai-Ichi Kangyo Bank , abbreviated as , was one of the largest banks in the world during the latter half of the 20th century. Dai-Ichi Kangyo Bank was created in 1971 by a consortium of two banks: Dai-Ichi Bank, Japan's oldest bank, and Nippon Kangyo Bank, a state fi ...

. Two of DKB's largest clients,

Kawasaki Heavy Industries (or simply Kawasaki) is a Japanese Public company, public multinational corporation manufacturer of motorcycles, engines, Heavy equipment (construction), heavy equipment, aerospace and Military, defense equipment, rolling stock and ships, headq ...

and Furukawa Electric, led their own respective corporate groups with a cross-supply relationship between the two. The Kawasaki and Furukawa groups agreed to begin holding presidents' meetings in 1966.

Itochu is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese '' sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descend ...

, which historically supplied Kawasaki with raw materials, became the main general trading company for the combined group. The group's presidents began regular meetings in 1971. Also in that year, the group's name developed from the merger of Dai-Ichi Bank and Nippon Kangyo Bank. In 1998, an announcement was made that the Dai-Ichi Kangyo Bank was to be merged with Fuji Bank and the Industrial Bank of Japan to form

Mizuho Financial Group , abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name "" literally means "abundant rice" in Japanese and "harvest" in the figurative sense. Upo ...

. The resulting group, which was established in September 2000, was the largest banking group in the world with assets of 140 trillion yen. The next few years saw a parallel consolidation of their keiretsu industrial partners and saw the group grow to 150 trillion yen in assets (30% GDP).

Companies

* Asahi Mutual Life Insurance * The Dai-ichi Mutual Life Insurance Company *

Daiichi Sankyo is a global pharmaceutical company and the second-largest pharmaceutical company in Japan. It achieved JPY 981.8 billion in revenue in 2019. The company owns the American biotechnology company Plexxikon, American pharmaceutical company American R ...

* Dentsu *

Fujitsu is a Japanese multinational information and communications technology equipment and services corporation, established in 1935 and headquartered in Tokyo. Fujitsu is the world's sixth-largest IT services provider by annual revenue, and the la ...

Hitachi () is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Nissan ''zaibatsu'' and later DKB Group and Fuyo G ...

* IHI Corporation * Isuzu *

ITOCHU is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese '' sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descend ...

* JFE Holdings *

* K Line * Kobe Steel *

Meiji Seika is a Japanese snack food company. It is the trade name of a pharmaceutical company in Japan. It was renamed into the on March 31, 2011. It is currently a subsidiary of Meiji Holdings and a Japanese leader in the area of infectious disease with ...

Nippon Columbia , often pronounced ''Korombia'', operating internationally as , is a Japanese record label founded in 1910 as Nipponophone Co., Ltd. It affiliated itself with the Columbia Graphophone Company of the United Kingdom and adopted the standard UK ...

* Seibu Department Stores * Sojitz * Sompo Japan Insurance * Taiheiyo Cement *

Tokyo Broadcasting System formerly is a Japanese media and licensed broadcasting holding company. It is the parent company of the television network and radio network . It has a 28-affiliate television network called JNN (Japan News Network), as well as a 34-affili ...

* Tokyo Dome * The Tokyo Electric Power Company * Tokyo FM *

Toshiba , commonly known as Toshiba and stylized as TOSHIBA, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. Its diversified products and services include power, industrial and social infrastructure systems, ...

Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 ...

* Yokohama Rubber Company

References

{{DEFAULTSORT:Dkb Group Conglomerate companies based in Tokyo Defunct companies of Japan Keiretsu Companies established in the 1940s Companies disestablished in the 1990s 1940s establishments in Japan 1990s disestablishments in Japan

Companies

See also

References