- published: 20 Jun 2014
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The Mitsubishi Group (三菱グループ, Mitsubishi Gurūpu) (also known as the Mitsubishi Group of Companies or Mitsubishi Companies) is a Japanese multinational conglomerate comprising 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. In addition the Mitsubishi.com Committee exists to facilitate communication and access of the Mitsubishi brand through a portal web site.
The Mitsubishi company was first established as a shipping firm by Yatarō Iwasaki (1834–1885) in 1870. In 1873, its name was changed to Mitsubishi Shokai . 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".
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