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Mitsubishi Motors reached 1.3 million cars of total production in 2007. |
Mitsubishi Motors reached 1.3 million cars of total production in 2007. |
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===Raping the ocean of Blue fin Tuna === |
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Japanese mega-conglomerate Mitsubishi has allegedly started to hoard thousands of tons of bluefin tuna just as stocks of the fish plummet worldwide. If the fish goes commercially extinct, the company is hopeful that it can turn a hefty profit from its frozen bluefin cache. |
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Bluefin is one of the world's most endangered fish, and is expected to go commercially extinct by 2012 if drastic measures aren't taken to stem overfishing. Although commercial hauls are legally limited to 22,000 tons per year, conservationists estimate that the actual catch is 60,000 tons, more than four times the maximum sustainable level. By its own estimates, Mitsubishi controls 35 to 40 percent of that stock. |
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Although Mitsubishi admits that it deep-freezes some of its catch to smooth out short-term supply, some environmentalists believe the company is attempting to corner the bluefin market and hoard inventories as supply continues its downward spiral. Once the fish go commercially extinct, Mitsubishi hopes to bring in huge profits from what will become a rare delicacy. |
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According to environmental documentarian Charles Clover, whose film The End of the Line will be released on June 8, big-fishing is accountable for deep-freezing up to 20,000 tons of the fish annually (via The Independent). Clover is at the forefront of an international campaign to raise awareness about overfishing. Last year, Greenpeace launched an advertising campaign likening bluefin to their critically endangered land counterparts. Their message: You wouldn't eat a tiger, so why eat bluefin tuna? |
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A number of restaurants in the UK have already taken bluefin off their menus. Robert De Niro's restaurant Nobu in London was at the center of a media firestorm after offering the endangered fish. Nobu has since added a disclaimer to its menu notifying guests of the fish's endangered status. |
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==Mitsubishi companies== |
==Mitsubishi companies== |
Revision as of 15:09, 13 April 2010
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Industry | trade ![]() |
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Headquarters | |
Website | Mitsubishi.com |
The Mitsubishi Group (三菱グループ, Mitsubishi Gurūpu), 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. 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.[1]
History
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".[2]
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
![](https://upload.wikimedia.org/wikipedia/commons/thumb/8/8c/Mitsubishi_Zero-Yasukuni.jpg/220px-Mitsubishi_Zero-Yasukuni.jpg)
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[3].
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.
Raping the ocean of Blue fin Tuna
Japanese mega-conglomerate Mitsubishi has allegedly started to hoard thousands of tons of bluefin tuna just as stocks of the fish plummet worldwide. If the fish goes commercially extinct, the company is hopeful that it can turn a hefty profit from its frozen bluefin cache.
Bluefin is one of the world's most endangered fish, and is expected to go commercially extinct by 2012 if drastic measures aren't taken to stem overfishing. Although commercial hauls are legally limited to 22,000 tons per year, conservationists estimate that the actual catch is 60,000 tons, more than four times the maximum sustainable level. By its own estimates, Mitsubishi controls 35 to 40 percent of that stock.
Although Mitsubishi admits that it deep-freezes some of its catch to smooth out short-term supply, some environmentalists believe the company is attempting to corner the bluefin market and hoard inventories as supply continues its downward spiral. Once the fish go commercially extinct, Mitsubishi hopes to bring in huge profits from what will become a rare delicacy.
According to environmental documentarian Charles Clover, whose film The End of the Line will be released on June 8, big-fishing is accountable for deep-freezing up to 20,000 tons of the fish annually (via The Independent). Clover is at the forefront of an international campaign to raise awareness about overfishing. Last year, Greenpeace launched an advertising campaign likening bluefin to their critically endangered land counterparts. Their message: You wouldn't eat a tiger, so why eat bluefin tuna?
A number of restaurants in the UK have already taken bluefin off their menus. Robert De Niro's restaurant Nobu in London was at the center of a media firestorm after offering the endangered fish. Nobu has since added a disclaimer to its menu notifying guests of the fish's endangered status.
Mitsubishi companies
Core members
- Asahi Glass Co.
- The Bank of Tokyo-Mitsubishi UFJ, Ltd.
- Kirin Brewery Co., Ltd.
- Meiji Yasuda Life Insurance Company
- Mitsubishi Aircraft Corporation
- Mitsubishi Electric Corporation
- Mitsubishi Estate Co.
- Mitsubishi Heavy Industries, Ltd.
- Mitsubishi Logistics Corporation
- Mitsubishi Motors (Automobile manufacturing and sales)
- Mitsubishi Paper Mills, Ltd.
- Mitsubishi Plastics, Inc.
- Mitsubishi Rayon Co., Ltd.
- Mitsubishi Research Institute, Inc.
- Mitsubishi Shindoh Co., Ltd.
- Mitsubishi Steel Mfg. Co., Ltd.
- Mitsubishi UFJ Trust and Banking Corporation (part of Mitsubishi UFJ Financial Group)
- Mitsubishi UFJ Securities
- Nikon Corporation
- Nippon Oil Corporation
- NYK Line (Nippon Yusen Kabushiki Kaisha)
- P.S. Mitsubishi Construction Co., Ltd.
- Tokio Marine & Nichido Fire Insurance Co., Ltd.
These companies are members of the Mitsubishi Kinyokai (or Friday Club), and meet monthly.
Related organizations
- Atami Yowado
- Chitose Kosan Co., Ltd.
- Dai Nippon Toryo Co., Ltd.
- The Dia Foundation for Research on Ageing Societies
- Diamond Family Club
- Kaitokaku
- Koiwai Noboku Kaisha, Ltd.
- LEOC JAPAN Co., Ltd.
- Marunouchi Yorozu Corp.
- Meiwa Corporation
- Mitsubishi C&C Research Association
- Mitsubishi Club
- Mitsubishi Corporate Name and Trademark Committee
- Mitsubishi Economic Research Institute
- The Mitsubishi Foundation
- Mitsubishi Kinyokai
- Mitsubishi Marketing Association
- Mitsubishi Motors North America
- Mitsubishi Public Affairs Committee
- The Mitsubishi Yowakai Foundation
- MT Insurance Service Co., Ltd.
- Seikado Bunko Art Museum
- Shonan Country Club
- Sotsu Corporation
- The Toyo Bunko
- Seikei University