is a Japanese ''

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 al ...

'' descended from the Yasuda zaibatsu, Asano zaibatsu and Okura zaibatsu. They were a major business grouping in Japan up to

World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

. 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 Otemachi, Chiyoda, Tokyo, Tokyo, Japan. It is one of the largest ''sogo shosha'' and has leading market shares in cereal and paper pulp trading as wel ...

and Fuji Bank, paralleling the development of the DKB Group and Sanwa Group. Fuji Bank orchestrated the merger of Marubeni with

Takashimaya is a Japanese multinational corporation operating a department store chain selling a wide array of products, ranging from wedding dresses and other apparel to electronics and flatware. It has more than 12 branches in Japan located in 2 region ...

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 traces its origins to the Mitsubishi zaibatsu, a unified company that existed from 1870 to 194 ...

Mitsui 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. Ins ...

and Sumitomo ''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 and Industrial Bank of Japan in 2000 to form

Mizuho Financial Group The , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000-2002 by merger of Dai- ...

. Following the merger, the Fuyo Group became centered on Marubeni, Meiji Yasuda Life Insurance and Yasuda Fire & Marine Insurance (now Sompo Japan). ''Fuyo'' is Japanese for "

hibiscus ''Hibiscus'' is a genus of flowering plants in the Malva, mallow family, Malvaceae. The genus is quite large, comprising List of Hibiscus species, several hundred species that are Native plant, native to warm temperate, Subtropics, subtropical ...

" and is also used as an alternative name for

Mount Fuji is an active stratovolcano located on the Japanese island of Honshu, with a summit elevation of . It is the highest mountain in Japan, the second-highest volcano on any Asian island (after Mount Kerinci on the Indonesian island of Sumatra), a ...

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

Companies

Canon Canon or Canons may refer to: Arts and entertainment * Canon (fiction), the material accepted as officially written by an author or an ascribed author * Literary canon, an accepted body of works considered as high culture ** Western canon, th ...

Hitachi () is a Japanese Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable ener ...

* JFE Holdings * Kayaba Industry *

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 *

* Matsuya * Meiji Yasuda Life Insurance *

Mizuho Bank is the integrated retail and corporate banking unit of Mizuho Financial Group (; ). It is one of the largest financial services company in Japan with total assets of approximately $1.9 trillion USD in 2023, and considered one of Japan's three ...

* Mizuho Trust Bank * Nichirei * Nippon Suisan Kaisha *

Nissan is a Japanese multinational Automotive industry, automobile manufacturer headquartered in Yokohama, Kanagawa, Japan. The company sells its vehicles under the ''Nissan'' and ''Infiniti'' brands, and formerly the ''Datsun'' brand, with in-house ...

* Nisshinbo Industries *

Nisshin Seifun Group is a Japanese food manufacturing company headquartered in Chiyoda-ku, Tokyo, Japan with overseas operations. Nisshin Seifun is listed on the Nikkei 225 The Nikkei 225, or , more commonly called the ''Nikkei'' or the ''Nikkei index'' (), i ...

* NSK Ltd. *

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 f ...

* Palace Hotel, Tokyo * Penta-Ocean *

Ricoh is a Japanese multinational imaging and electronics company. It was founded by the now-defunct commercial division of the Institute of Physical and Chemical Research (Riken) known as the ''Riken Concern'', on 6 February 1936 as . Ricoh's hea ...

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

* 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 *

Tobu Railway is a Japanese commuter railway and ''keiretsu'' holding company in the Greater Tokyo Area as well as an intercity and regional operator in the Kantō region. Excluding the Japan Railways Group companies, Tobu's rail system is the second longes ...

* Yamaha

References

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