Who is Mitsubishi owned by?
Mitsubishi is a Japanese conglomerate that encompasses a wide range of businesses, from automotive manufacturing to financial services. While Mitsubishi is a well-known brand, the company is actually owned by the larger Mitsubishi Group, a keiretsu or group of interconnected companies.
The Mitsubishi Group
The Mitsubishi Group is a collection of autonomous companies that are linked through cross-shareholdings, interlocking directorates, and historical ties. The group is centered around the Mitsubishi Corporation, which is the largest of the Mitsubishi companies. Other major Mitsubishi companies include Mitsubishi Heavy Industries, Mitsubishi Electric, Mitsubishi Motors, and Mitsubishi UFJ Financial Group.
The Mitsubishi Group was founded in the 19th century by Iwasaki YatarÅ, who established the Mitsubishi shipping company. Over time, the group expanded into various industries, becoming one of the largest conglomerates in Japan.
Mitsubishi's Ownership Structure
Mitsubishi Corporation, the core of the Mitsubishi Group, owns stakes in many of the other Mitsubishi companies, including Mitsubishi Motors, Mitsubishi Electric, and Mitsubishi Heavy Industries. However, the Mitsubishi companies are not wholly owned subsidiaries of Mitsubishi Corporation. Instead, they operate as independent entities with their own management and decision-making processes.p>
The Mitsubishi Group's ownership structure is complex, with cross-shareholdings and interlocking directorates between the various companies. This structure helps to maintain the group's cohesion and strategic alignment, while also allowing the individual companies to operate with a degree of autonomy.p>
Conclusion
In summary, Mitsubishi is owned by the larger Mitsubishi Group, a Japanese conglomerate that encompasses a diverse range of businesses. The group is centered around the Mitsubishi Corporation, but the individual Mitsubishi companies operate with a degree of independence, connected through cross-shareholdings and historical ties.
