is a Japanese ''

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 '' ...

'' descended from the Yasuda zaibatsu,

Asano zaibatsu Asano zaibatsu 浅野財閥, one of the major second-tier zaibatsu ( conglomerates) in Japan, was founded in 1887 by Asano Sōichirō 浅野総一郎 with support from Shibusawa Eiichi 渋沢栄一, the founder of the Shibusawa zaibatsu 渋沢財 ...

and

Okura zaibatsu Okura may refer to: * Okura Hotels, an international chain headquartered in Japan * Okura River in New Zealand * Okura, New Zealand, a village * Ōkura school of traditional Japanese comic theater * Okura, Yamagata, a village in Japan * the Japan ...

. They are major business grouping in Japan up to

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 ...

. In 1948, Yasuda was dismantled, with its key financial arm Yasuda Bank becoming Fuji Bank. The modern Fuyo Group was first developed in the early 1960s around

Marubeni (, OSE: 8002, NSE: 8002) is a '' sōgō shōsha'' (general trading company) headquartered in Nihonbashi, Chuo, Tokyo, Japan. It is one of the largest ''sogo shosha'' and has leading market shares in cereal and paper pulp trading as well as a s ...

and Fuji Bank, paralleling the development of the DKB Group and Sanwa Group. Fuji Bank orchestrated the merger of Marubeni with Takashimaya in 1955 in order to create a strong trading company partner for Fuji's customers. Group presidents began meeting regularly in 1964. Unlike the ''keiretsu'' that developed from the

Mitsubishi 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 ...

Mitsui is one of the largest ''keiretsu'' in Japan and one of the largest corporate groups in the world. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Industries ...

and

Sumitomo The is one of the largest Japanese ''keiretsu'', or business groups, founded by Masatomo Sumitomo (1585-1652) around 1615 during the early Edo period. History The Sumitomo Group traces its roots to a bookshop in Kyoto founded circa 1615 by Mas ...

''zaibatsu'' remnants, the Fuyo Group was intended to be open to other businesses as well as legacy ''zaibatsu'' businesses. Fuji Bank merged with

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 ...

and Industrial Bank of Japan in 2000 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 ...

. Following the merger, the Fuyo Group became centered on Marubeni,

Meiji Yasuda Life Insurance is a Japanese life insurance company, headquartered in Tokyo and created in 2004 from the merger of Meiji Life and Yasuda Life. The company is one of the oldest and largest insurers in Japan. The Meiji Yasuda Life Insurance Company is a memb ...

and Yasuda Fire & Marine Insurance (now

Sompo Japan , formerly NKSJ Holdings and , is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007. The “Sompo” in the company's name means in Japanese, ...

). ''Fuyo'' is Japanese for " hibiscus" and is also used as an alternative name for

Mount Fuji , or Fugaku, located on the island of Honshū, is the highest mountain in Japan, with a summit elevation of . It is the second-highest volcano located on an island in Asia (after Mount Kerinci on the island of Sumatra), and seventh-highest ...

, the tallest mountain in Japan and the namesake for Fuji Bank.

Companies

* Canon *

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 ...

* JFE Holdings *

Kayaba Industry is a Japanese, Tokyo-based automotive company. Among KYB's main products company are shock absorbers, air suspensions, power steering systems, hydraulic pumps, motors, cylinders, and valves. It is one of the world's largest shock absorb ...

Keikyu (), also known as or, more recently, , is a private railroad that connects inner Tokyo to Kawasaki, Yokohama, Yokosuka and other points on the Miura Peninsula in Kanagawa Prefecture. It also provides rail access to Haneda Airport in Tokyo. ...

Maeda Corporation is a Japanese corporation which was established in 1919. Its main areas of business are building construction and civil engineering. Maeda has domestic offices in eleven Japanese cities, and overseas offices in Thailand, Hong Kong, and India. ...

* Matsuya *

Mizuho Bank is the integrated retail and corporate banking unit of Mizuho Financial Group (; ), the third largest financial services company in Japan, with total assets of approximately $1.8 trillion in 2017. Mizuho is one of the three so-called Japane ...

Mizuho Trust Bank is the trust banking arm of Mizuho Financial Group. History The merger of the Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan in 2000 was followed by the merger of their respective trust banking subsidiaries, creating Mizuho ...

Nichirei is one of Japan's top producers of frozen foods and a leader in cold storage warehousing, headquartered in Tokyo. Operating through around 80 subsidiaries and affiliates worldwide, its businesses include processed food; logistics; marine product ...

Nippon Suisan Kaisha , is a marine products company based in Japan. It had annual revenues of US$5.1 billion in 2014.Until November 30, 2022, the company name will be . The company was established in 1911, and is a commercial fishing and marine product procuremen ...

Nissan , trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells its vehicles under the Nissan, Infiniti, and Datsun bra ...

Nisshinbo Industries is a Japanese company formerly listed on the Nikkei 225. It has a diverse line of businesses that include electronics, automobile brakes, mechatronics, chemicals, textiles, papers and real estate. History Nisshinbo was established in 1907 as ...

* Nisshin Seifun Group *

NSK Ltd. , also known in some markets as NSK Automation, is a large manufacturer of bearings globally and the largest in Japan. The company produces industrial machinery bearings, precision machinery and parts, and automotive bearings and components. ...

Oki Electric Industry , commonly referred to as OKI, OKI Electric or the OKI Group, is a Japanese information and communications technology company, headquartered in Toranomon, Minato-ku, Tokyo and operating in over 120 countries around the world. OKI produced the fi ...

Palace Hotel, Tokyo Palace Hotel Tokyo ( ja, パレスホテル東京) is a luxury hotel located in the Marunouchi business district of Tokyo, Japan. The hotel has 290 guestrooms and facilities, including 10 restaurants and bars, a spa, a fitness center, swimming po ...

* Penta-Ocean *

Ricoh is a Japanese Multinational corporation, multinational imaging and electronics company (law), company. It was founded by the now-defunct commercial division of the Riken, Institute of Physical and Chemical Research (Riken) known as the ''Riken ...

Sapporo Brewery is a Japanese beer brewing company founded in 1876. Sapporo is the oldest brand of beer in Japan. It was first brewed in Sapporo, Japan, in 1876 by brewer Seibei Nakagawa. The world headquarters of Sapporo Breweries is in Ebisu, Shibuya, To ...

* Showa Denko * Sompo Japan Insurance * Taiheiyo Cement *

Taisei Corporation is a Japanese corporation founded in 1873. Its main areas of business are building construction, civil engineering, and real estate development. Taisei's headquarters are located at Shinjuku Center Building in Nishi-Shinjuku, Shinjuku, Tokyo. ...

TOA Construction Corporation (), or TOA Corporation is a Japanese general contractor construction firm. Originating from a construction group established in Tsurumi, Yokohama in 1908 by Asano Soichiro, the company was first incorporated in 1920 as Tokyo Bay Marine Works ...

* Tobu Railway * Yamaha

References

{{Authority control Conglomerate companies based in Tokyo Keiretsu Companies established in the 1960s 1960s establishments in Japan