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Overview

The Mitsubishi Group (三菱グループ), Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese conglomerate consisting of a range of autonomous businesses which share the Mitsubishi brand, trademark and legacy. The Mitsubishi group of companies form a loose entity, the Mitsubishi Keiretsu, which is often referenced in Japanese and US media and official reports; in general these companies all descend from the zaibatsu of the same name. A keiretsu is a common feature of Japanese corporate governance and refers to a collaborative group of integrated companies with extensive share crossholdings, personnel swaps and strategic co-operation. The top 25 companies are also members of the Mitsubishi Kin'yōkai, or "Friday Club", and meet monthly. The Mitsubishi.com Committee is meant to facilitate communication and access of the brand through a portal web site.

The Mitsubishi company was first established as a shipping firm by Yataro Iwasaki (1834–1885) in 1870. In 1873, its name was changed to Mitsubishi Shokai (三菱商会). The name Mitsubishi (三菱) consists of two parts: "mitsu" meaning "three" and "hishi" (which becomes "bishi" under rendaku) meaning "water caltrop" (also called "water chestnut"), and hence "rhombus", which is reflected in the company's famous logo. It is also translated as "three diamonds".

The company bought into coal mining in 1881 by acquiring the Takashima mine and Hashima Island in 1890, using the production to fuel their extensive steamship fleet. They also diversified into shipbuilding, banking, insurance, warehousing, and trade. Later diversification carried the organization into such sectors as paper, steel, glass, electrical equipment, aircraft, oil, and real estate. As Mitsubishi built a broadly based conglomerate, it played a central role in the modernization of Japanese industry.

The merchant fleet entered into a period of diversification that would eventually result in the creation of three entities:

Mitsubishi Bank (now a part of the Mitsubishi UFJ Financial Group) was founded in 1919. After its mergers with the Bank of Tokyo in 1996, and UFJ Holdings in 2004, this became Japan's largest bank.
Mitsubishi Corporation, founded in 1950, Japan's largest general trading company
Mitsubishi Heavy Industries, which includes these industrial companies.
Mitsubishi Motors, the 6th largest Japanese auto manufacturer.
Mitsubishi Atomic Industry, a nuclear power company.
Mitsubishi Chemical, the largest Japanese chemicals company.

World War II

During the Second World War, Mitsubishi manufactured aircraft under the direction of Jiro Horikoshi. The Mitsubishi Zero was a primary Japanese naval fighter in World War II. It was used by Imperial Japanese Navy pilots throughout the war, including in kamikaze attacks during the later stages. Allied pilots were astounded by its maneuverability, and it was very successful in combat until the Allies devised tactics to utilize their advantage in firepower and diving speed.

As was common among Japanese companies during the second World War, Mitsubishi made use of forced labor during this time period. Laborers included allied POWs, as well as Chinese and Korean citizens. In the post-war period, lawsuits and demands for compensations were presented against the Mitsubishi Corporation, in particular by former Chinese slave laborers.

New era
Mitsubishi participated in Japan's unprecedented economic growth of the 1950s and 1960s. For example, as Japan modernized its energy and materials industries, the Mitsubishi companies created Mitsubishi Petrochemical, Mitsubishi Atomic Power Industries, Mitsubishi Liquefied Petroleum Gas, and Mitsubishi Petroleum Development.

The traditional Mitsubishi emphasis on technological development was in new ventures in such fields as space development, aviation, ocean development, data communications, computers, and semiconductors. Mitsubishi companies also were active in consumer goods and services.

In 1970, Mitsubishi companies established the Mitsubishi Foundation to commemorate the centennial anniversary of the founding of the first Mitsubishi company. The companies also individually maintain charitable foundations. Mitsubishi pavilions have been highlights of expositions in Japan since the historic EXPO'70 in Osaka in 1970's to 1980's.

As of 2007, Mitsubishi Corporation, a member of the Mitsubishi Group, is Japan's largest general trading company (sogo shosha) with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, Mitsubishi employs a multinational workforce of approximately 54,000 people. Mitsubishi has long been engaged in business with customers around the world in many industries, including energy, metals, machinery, chemicals, food and general merchandise.

Mitsubishi Motors reached 1.3 million cars of total production in 2007.

Models produced by Mitsubishi

3000GT Coupe

3000GT Coupe

1990-0

360

360

1960-0

500

500

1960-0

Carisma

Carisma

1995-2004

Celeste 1600 ST

Celeste 1600 ST

1975-1979

Colt

Colt

1983-1987

Colt

Colt

2004-2004

Colt 1300/1500

1988-1992

Colt 1600 GTI

1988-1990

Colt Mirage

Colt Mirage

1978-1984

Colt Turbo

Colt Turbo

1984-1988

Cordia

Cordia

1982-1990

Debonair

Debonair

1964-1969

Galant

Galant

1982-1984

Galant

1984-1988

Galant

1989-1993

Galant 2000 GTI

1988-1993

Galant 4 Dr Sal

Galant 4 Dr Sal

2004-2004

Galant 4WD

1989-1993

Galant Estate

2004-2004

Galant Sapporo

1987-1989

Lancer

Lancer

1984-1989

Lancer

1988-1993

Lancer 1800 4WD

Lancer 1800 4WD

1989-1993

Lander Evo VIII

Lander Evo VIII

2004-2004

Minica

Minica

1962-1972

Mirage

Mirage

1978-1984

Outlander

Outlander

2001-?

Sapporo

Sapporo

1976-1982

Sapporo 2000/EX

1980-1985

Shogun

1983-1991

Shogun 3 Door

2004-2004

Shogun 5 Door

2004-2004

Shogun Pinin 3 Dr

Shogun Pinin 3 Dr

2004-2004

Shogun Pinin 5 Dr

2004-2004

Shogun Sport

2004-2004

Sigma

Sigma

1990-0

Space Star

Space Star

2004-2004

Space Wagon

1984-1991

Space Wagon

Space Wagon

2004-2004

Starion

Starion

1982-1990

Tredia

Tredia

1982-1990