Mitsubishi's Evolution: From Shipping Firm to Global Conglomerate

Mitsubishi’s development is defined by key milestones that illustrate its transformation from a small shipping firm into a global conglomerate:

Foundations

• 1870: Yataro Iwasaki established the Tsukumo Trading Company, later renamed Mitsubishi in 1873.
• 1875: Mitsubishi purchased its first steamship, initiating its shipping business.

Growth and Diversification

• 1881: Mitsubishi expanded into coal mining with the acquisition of the Takashima Coal Mine.
• 1917: Mitsubishi Shipbuilding Co., Ltd. introduced Japan’s first domestically produced car, the Mitsubishi Model A.
• 1934: Mitsubishi Heavy Industries (MHI) was formed by uniting several Mitsubishi companies.

Post-War Recovery

• 1950: Allied occupation policies after World War II resulted in MHI being split into three separate entities.
• 1964: The companies merged back into MHI, which diversified into sectors such as aerospace and heavy machinery.

Modern Expansion

• 1970: Mitsubishi Motors Corporation (MMC) was founded as an independent company from MHI.
• 1980s: MMC partnered with Chrysler, establishing Diamond-Star Motors in the U.S.
• 2000s: Mitsubishi turned its focus to green technologies, launching the i-MiEV, one of the first mass-produced electric vehicles.

These milestones demonstrate Mitsubishi’s strategic expansion and adaptability, securing its leadership across multiple industries.
Mitsubishi's Evolution: From Shipping Firm to Global Conglomerate