The Mitsubishi company was established as a shipping firm by Iwasaki Yatarō (1834–1885) in 1870 under the name Tsukumo Shokai ( 九十九商会). Yatarō Iwasaki, the founder of Mitsubishi 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). Although the group 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 former constituents of the company continue to share the Mitsubishi brand and trademark. The company was disbanded during the occupation of Japan following World War II. The Mitsubishi Group ( 三菱グループ, Mitsubishi Gurūpu, informally known as the Mitsubishi Keiretsu) is a group of autonomous Japanese multinational companies in a variety of industries.įounded by Iwasaki Yatarō in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 to 1946. Mining, shipbuilding, telecom, financial services, insurance, electronics, automotive, construction, heavy industries, oil and gas, real estate, foods and beverages, chemicals, steel, aviation and others
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