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A keiretsu (Japanese: 系列, literally system, series, grouping of enterprises, order of succession) is a set of companies with interlocking business relationships and shareholdings that dominated the Japanese economy in the second half of the 20th century.
Keiretsu, meaning "series" or "subsidiary", could be interpreted as being suggestive of this difference. The term zaibatsu has been used often in books, comics, games, and films to refer to large and usually sinister Japanese corporations, often involved in shady dealings or with connections to the yakuza .
The Sumitomo Group (Japanese: 住友グループ, Hepburn: Sumitomo Gurūpu) is a Japanese corporate group and keiretsu that traces its roots to the zaibatsu groups that were dissolved after World War II. Unlike the zaibatsu of the pre-war period, there is no controlling company with regulatory power. Instead, the companies in the group hold ...
Surugacho (Suruga Street) (1856), from One Hundred Famous Views of Edo, by Hiroshige, depicting the Echigoya kimono and money exchange store with Mount Fuji in background. . Currently, the Mitsui Main Building (三井本館), which houses Sumitomo Mitsui Banking Corporation, Mitsui Fudosan, The Chuo Mitsui Trust and Banking Co. and Mitsui Memorial Museum, is located on the right side of the stre
Mitsubishi Corporation (三菱商事株式会社, Mitsubishi Shōji Kabushiki-gaisha) is Japan's largest trading company (sogo shosha) and a member of the Mitsubishi keiretsu. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including energy, industrial finance, banking, machinery, chemicals, and food.
Fuyo Group (芙蓉グループ, Fuyō Gurūpu) is a Japanese keiretsu descended from the Yasuda zaibatsu, Asano zaibatsu and Okura zaibatsu. [1] They were a major business grouping in Japan up to World War II. In 1948, Yasuda was dismantled, with its key financial arm Yasuda Bank becoming Fuji Bank. [2]
Culp tells Fortune he turned down the job twice, and explains how he unleashed a transformation that powered the stock up 96% last year, besting Apple and Google.
Chaebols are still largely controlled by their founding families while keiretsu are controlled by groups of professional managers. Chaebols, furthermore, are more family-based and family-oriented than their Japanese counterparts. Chaebols are centralized in ownership while keiretsu are more decentralized.