Who is mitsubishi

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View Inventory Contact Us. Introduced cylinder gasoline direct injection engine GDI. Issued Environmental Report currently Sustainability Report. Officially certified in the Guinness World Records for a 2,km drive in 24 hours by its electric vehicle.

Entered agreement for equity alliance with DaimlerChrysler. Quality issues revealed through spot inspection by the Ministry of Transport currently Ministry of Land, Infrastructure, Transport and Tourism. Kawasaki Baseball Team entered the 71st Intercity Baseball Tournament and won the title for the first time.

Fatal accident occurred due to a front tire that came off a Mitsubishi heavy-duty truck. Fatal accident occurred due to damage in the clutch housing of the a Mitsubishi heavy-duty truck. The company filed a lawsuit against a former board member for the compensation of damages related to quality issues.

Established the brand message: Kuruma Zukuri no Genten E. Announced the development of next generation electric vehicles. Announced that the company suspended its official participation in World Rally Championship.

Integrated the 29 affiliated domestic distributors into 5 companies. Announced that the company stopped its official participation in Dakar Rally. Established a vehicle assembly plant in collaboration with PSA in Russia. Started verification tests of secondary use business model for lithium-ion batteries.

GMMC in China. Ministry of Land, Infrastructure, Transport and Tourism conducted spot inspection at the company following leaking engine oil trouble in Kei-cars. Supported the Michinoku Future Fund, a scholarship fund for the orphans of earthquake disaster. Sponsored the Great Forest Wall Project, a tree planting volunteer initiative. Nagoya Plant achieved production of a cumulative total of 5 million units. Installed 1, chargers for electric vehicles at each business site and facility. Set up Special Investigation Committee in connection with the acquisition issues of certification of conformity.

Nissan Motor Co. Fulfilling a promise to his older brother, Mitsubishi's founder, Yanosuke then stepped down as president in favor of his nephew, Hisaya, turning over the reins of power and leadership to the next generation. He continued to be involved in the activities of the growing company in a supervisory role and continued to maintain an instrumental role in the management of the company. At this time in Mitsubishi's history, Yanosuke was 42 years old, and Hisaya only Yanosuke went on to become Governor of The Bank of Japan three years after retiring from Mitsubishi, an appointment he received from then Prime Minister Masayoshi Matsukata.

In , as the Governor, he established the gold standard system and a collaborative framework with Yokohama Shokin Bank, Ltd. Yanosuke established the Seikado Bunko Library with books that he had received from his former teacher, scholar Yasutsugu Shigeno. Yanosuke was an avid collector of Oriental art and cultural artifacts during the Meiji Restoration, a time when things Oriental were being cast aside for anything Western.

A true visionary, Yanosuke understood the value in preserving the heritage of his culture and country. During his lifetime, Koyata Iwasaki also continued to collect items for the library, continuing his father's legacy. This was the period when great capitalists such as Rockefeller and Carnegie began to emerge in America to build businesses in oil, coal and steel.

Hisaya experienced this big wave of American business firsthand. His exposure to American education had a profound impact on the young Iwasaki's life and upon his return to Japan, he built himself a Western-style house designed by a British architect, Josiah Conder, and surrounded it with gardens reminiscent of the American countryside. Today, the Tokyo Metropolitan Government owns the house and gardens, so the public may now enjoy this splendid representation of Western-style living.

In , Nippon Yusen built one of six passenger-cargo vessels 6,ton class for a European line at the Nagasaki Shipyard. Until this time, only British companies had the shipbuilding capabilities to construct this size of commercial ship. The ship, Hitachi Maru, was the first of its size for the Nagasaki Shipyard, and the experience gained from the construction of this vessel set the stage for a growing number of orders for larger vessels, including an order for the 13,ton class luxury liner, TENYO MARU, and many subsequent orders for large-scale battleships.

In , Hisaya introduced into Mitsubishi a management system very much like today's system of operational divisions. The aim of this change was to give each division responsibilities and cost consciousness in order to further expand the company's businesses.

Mitsubishi Goshi Kaisha consisted of the divisions of banking, shipbuilding, administration, mining, sales, and real estate, to which direct management authority was then transferred. This move was a decisive and strategic gain for the growing Mitsubishi, increasing both efficiency and profitability as a corporate enterprise.

The introduction of the division system was the first step in Mitsubishi's transformation from a one-man rule company to a truly modern corporate structure, equipped to meet the challenges of a rapidly changing and increasingly international business environment.

In , while Japan prospered during the war boom of WWI, Hisaya stepped down as president and entrusted the reigns of leadership to his cousin Koyata Iwasaki. At the time Hisaya was 50 years old, and he felt he could confidently entrust the business to his successor at such a time of robust economic growth.

It was a truly selfless decision, and having passed over the reins of power, Hisaya refrained from interfering in the business of Mitsubishi Goshi Kaisha. Following his retirement, Hisaya Iwasaki worked to contribute to society, while also being involved in agriculture and cattle raising at Koiwai Farm. In , he established The Toyo Bunko Foundation, which has become one of the world's leading centers for Asian studies. Currently, the facility houses about thousand documents and many artifacts for public viewing.

On October 20, , only two months following Japan's surrender to the Allied Forces, Japan was dealt a further economic hardship when the Allied Command ordered the disbanding of all zaibatsu, the nation's industrial and financial business conglomerates. The order was given because Allied Command considered the military and the zaibatsu to have been ultimately responsible for driving Japan into the war, and sought to break up economic forces that exercised totalitarian monopolistic power.

The hard work of many went unrecognized at the time of the dissolution of these zaibatsu corporations, and among them, the work of Yataro Iwasaki and the Mitsubishi Group. Koyata Iwasaki, the founder's nephew and fourth president of Mitsubishi, was an outspoken advocate, asserting publicly that Mitsubishi was a friend to many business partners around the world and that it had never engaged in dishonorable business practices.

Koyata Iwasaki was the most international spirited Japanese businessperson of his era, having completed his formal education at the famed University of Cambridge in England. Despite the spirit of internationalism and social justice he engendered, at the outbreak of hostilities following Japan's attack on Pearl Harbor, Koyata Iwasaki stated at a speech given to the assembled top executives of each Mitsubishi Group company: "Now our nation has come to a decision.

And although my personal ideas regarding diplomacy depart from those of the nation, we are all now called upon to follow the order of our Emperor, to be united and to endeavor with all our strength for the nation. A forward thinker, Koyata Iwasaki spoke of the day when people everywhere could work towards the global good.

He was a man dedicated to the ideas of international understanding and the globalization of markets, long before the concepts and phrases had entered our modern lexicon. His idea of 'corporate responsibility to society' guiding individual and corporate actions, known in Japanese as shoki hoko, would define one of Mitsubishi's guiding principles for decades to come. It is important to remember, that during the turbulent years of WWII and in its aftermath, the Mitsubishi Group continued its responsible stewardship of its associated British and American business interests in Japan and the region, in this spirit of Koyata's dedication to internationalism.

Koyata's strong conviction that integrity and fairness were the foundation of all business remains a cornerstone of Mitsubishi's management philosophy today. Amidst the economic depression of the early 20th century, Mitsubishi's operations were guided by a set of core principles. With the nation hard hit by the difficult economic times, Koyata advocated responsible action and assistance to manufacturers, producers and the public Mitsubishi served. Placing an unwavering commitment to quality and fair business practices, Mitsubishi survived and prospered and in many instances took a leadership role in moving the industries in which it conducted business to profitability and sustainable prosperity.

In , his ideas became officially accepted as Mitsubishi's guiding principles, and these principles would lead the company to greatness in the 20th century and beyond. Tokyo's Marunouchi district, which had developed as a focal area for the army of the new government following the Meiji Restoration, gradually transformed itself into the nation's nerve center for business activities.

In , the first modern office building was constructed in the British red-brick architectural style and in , the country's landmark Tokyo Station was opened as the transportation hub of the nation.

The early s, saw construction of American-style office buildings for Japan's growing business center. These were large and could be built relatively quickly. It was at this time that Koyata made the decision to build Mitsubishi's new building. The former Marunouchi Building was a landmark structure, which opened on February 20, , after being built in record time using new construction technology by a leading New York construction firm.

Less than a year after its completion, the Marunouchi Building survived the Great Kanto Earthquake of , which devastated most of the Tokyo skyline. The famous icon facing Tokyo Station was demolished in as part of a massive redevelopment project for the district. In , a new Marunouchi Building was completed. It has become a familiar landmark in the Marunouchi area. Following the end of WWII, the Allied Forces in Japan demanded the dissolution of the zaibatsu that had held so much power in the prewar period ending nearly 70 years of Mitsubishi's leadership by four generations of the Iwasaki family.

In September the company disbanded its headquarters, and its network of affiliates and subsidiaries were all re-launched as independent companies. Moreover, GHQ orders strictly prohibited the use of the Mitsubishi trade name or logo. The San Francisco Peace Accord in brought about a repeal of the ban on using zaibatsu trade names and logos. With this change, former Mitsubishi Group companies reclaimed the Mitsubishi name and in , Mitsubishi Corporation was established after a series of mergers.