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The Mitsubishi group (三菱グループ Mitsubishi Gurūpu, conjointly called the Mitsubishi cluster of corporations or Mitsubishi corporations, and informally because the Mitsubishi Keiretsu) could be a group of autonomous Japanese international corporations in a very kind of industries. It is traditionally descended from the Mitsubishi zaibatsu, a unified company that existed from 1870, supported by Iwasaki Yatarō, to 1947 and was disbanded throughout the occupation of Japan following warfare II. the previous constituents of the corporate still share the Mitsubishi whole, trademark, and legacy. though the cluster corporations participate in restricted business cooperation, most splendidly through monthly “Friday Conference” government conferences, they’re formally freelance and don’t seem to be beneath common management. The four main corporations within the cluster ar The Bank of Tokyo-Mitsubishi UFJ (the largest bank in Japan), Mitsubishi Corporation (a general commercialism company), Mitsubishi electrical and Mitsubishi serious Industries (a varied producing company). The Mitsubishi company was established as a shipping firm by Yatarō Iwasaki (1834–1885) in 1870. In 1873, its name was modified to Mitsubishi Shokai. The name Mitsubishi (三菱) consists of 2 parts: “mitsu” that means “three” and “hishi” (which becomes “bishi” beneath rendaku) that means “water caltrop” (also known as “water chestnut”), and thus “rhombus”, that is mirrored within the company’s emblem. it’s conjointly translated as “three diamonds”. Mitsubishi was established in 1870, 2 years when the Meiji Restoration, with shipping as its core business. Its diversification was largely into connected fields. It entered into coal-mining to realize the coal required for ships, bought a building yard from the govt. to repair the ships it used, supported associate degree iron mill to produce iron to the building yard, started a marine insurance business to cater for its shipping business, then forth. Later, the social control resources and technological capabilities noninheritable through the operation of building were utilised to expand the business any into the manufacture of craft and instrumentality. The expertise of overseas shipping light-emitting diode the firm to enter into a commercialism business.