is a Japanese ''

keiretsu A is a set of companies with interlocking business relationships and shareholdings. In the legal sense, it is a type of informal business group that are loosely organized alliances within the social world of Japan's business community. The ''ke ...

'' descended from the Yasuda zaibatsu,

Asano zaibatsu Asano zaibatsu 浅野財閥, one of the major second-tier zaibatsu (Conglomerate (company), conglomerates) in Japan, was founded in 1887 by Asano Sōichirō 浅野総一郎 with support from Shibusawa Eiichi 渋沢栄一, the founder of the Shibus ...

and Okura zaibatsu. They are major business grouping in Japan up to

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. In 1948, Yasuda was dismantled, with its key financial arm Yasuda Bank becoming

Fuji Bank The was one of Japan's major banks during the post–World War II era. It combined with Dai-Ichi Kangyo Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group, and changed its name to Mizuho Corporate Bank in 2002 after t ...

. The modern Fuyo Group was first developed in the early 1960s around Marubeni and Fuji Bank, paralleling the development of the

DKB Group The or the Dai-Ichi Kangyo Group was the largest Japanese keiretsu in the late 1990s. The group emerged after World War II and coalesced around the Dai-Ichi Kangyo Bank. Two of DKB's largest clients, Kawasaki Heavy Industries and Furukawa Electri ...

and

Sanwa Group The was a leading Japanese keiretsu, based in Osaka, between World War II and the Japanese asset price bubble in the early 1990s. It remains in existence as a jointly held company called . Sanwa Bank was a major financier for the textile indust ...

. Fuji Bank orchestrated the merger of Marubeni with

Takashimaya is a Japanese multinational corporation operating a department store chain carrying a wide array of products, ranging from wedding dresses and other apparel to electronics and flatware. It has more than 12 branches strategically located in 2 ...

in 1955 in order to create a strong trading company partner for Fuji's customers. Group presidents began meeting regularly in 1964. Unlike the ''keiretsu'' that developed from the

Mitsubishi The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...

Mitsui is one of the largest '' keiretsu'' in Japan and one of the largest corporate groups in the world. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Industri ...

and Sumitomo ''zaibatsu'' remnants, the Fuyo Group was intended to be open to other businesses as well as legacy ''zaibatsu'' businesses. Fuji Bank merged with

Dai-Ichi Kangyo Bank , abbreviated as , was one of the largest banks in the world during the latter half of the 20th century. Dai-Ichi Kangyo Bank was created in 1971 by a consortium of two banks: Dai-Ichi Bank, Japan's oldest bank, and Nippon Kangyo Bank, a state fin ...

and

Industrial Bank of Japan The Industrial Bank of Japan, Limited (IBJ), based in Tokyo, Japan, was one of the largest banks in the world during the latter half of the 20th century. It combined with Dai-Ichi Kangyo Bank and Fuji Bank in 2002 to form Mizuho Financial Grou ...

in 2000 to form

Mizuho Financial Group , abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name "" literally means "abundant rice" in Japanese and "harvest" in the figurative sense. Upo ...

. Following the merger, the Fuyo Group became centered on Marubeni, Meiji Yasuda Life Insurance and Yasuda Fire & Marine Insurance (now

Sompo Japan , formerly NKSJ Holdings and , is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007. The “Sompo” in the company's name means in Japanese, t ...

). ''Fuyo'' is Japanese for "

hibiscus ''Hibiscus'' is a genus of flowering plants in the mallow family, Malvaceae. The genus is quite large, comprising several hundred species that are native to warm temperate, subtropical and tropical regions throughout the world. Member species ...

" and is also used as an alternative name for

Mount Fuji , or Fugaku, located on the island of Honshū, is the highest mountain in Japan, with a summit elevation of . It is the second-highest volcano located on an island in Asia (after Mount Kerinci on the island of Sumatra), and seventh-highest p ...

, the tallest mountain in Japan and the namesake for Fuji Bank.

Companies

Canon Canon or Canons may refer to: Arts and entertainment * Canon (fiction), the conceptual material accepted as official in a fictional universe by its fan base * Literary canon, an accepted body of works considered as high culture ** Western ca ...

Hitachi () is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Ni ...

JFE Holdings is a corporation headquartered in Tokyo, Japan. It was formed in 2002 by the merger of and and owns JFE Steel, JFE Engineering and Japan Marine United. JFE is from Japan, Fe (the chemical element symbol of iron) and Engineering. In 2020, it ...

Kayaba Industry is a Japanese, Tokyo-based automotive company. Among KYB's main products company are shock absorbers, air suspensions, power steering systems, hydraulic pumps, motors, cylinders, and valves. It is one of the world's largest shock absorbe ...

* Keikyu *

Maeda Corporation is a Japanese corporation which was established in 1919. Its main areas of business are building construction and civil engineering. Maeda has domestic offices in eleven Japanese cities, and overseas offices in Thailand, Hong Kong, and India. H ...

* Marubeni * Matsuya * Meiji Yasuda Life Insurance *

Mizuho Bank is the integrated retail and corporate banking unit of Mizuho Financial Group (; ), the third largest financial services company in Japan, with total assets of approximately $1.8 trillion in 2017. Mizuho is one of the three so-called Japanese ...

* Mizuho Trust Bank *

Nichirei is one of Japan's top producers of frozen foods and a leader in cold storage warehousing, headquartered in Tokyo. Operating through around 80 subsidiaries and affiliates worldwide, its businesses include processed food; logistics; marine product ...

Nippon Suisan Kaisha , is a marine products company based in Japan. It had annual revenues of US$5.1 billion in 2014.Until November 30, 2022, the company name will be . The company was established in 1911, and is a commercial fishing and marine product procurement ...

Nissan , trade name, trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational corporation, multinational Automotive industry, automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells ...

Nisshinbo Industries is a Japanese company formerly listed on the Nikkei 225. It has a diverse line of businesses that include electronics, automobile brakes, mechatronics, chemicals, textiles, papers and real estate. History Nisshinbo was established in 1907 as ...

Nisshin Seifun Group is a Japanese company based in Tokyo (25, Kanda-Nishiki-cho 1-chome, Chiyoda-ku) with overseas operations. Nisshin Seifun is listed on the Nikkei 225. Founded in 1900, the company is headed by chairman Osamu Shoda (younger brother of the Empress ...

NSK Ltd. , also known in some markets as NSK Automation, is a large manufacturer of bearings globally and the largest in Japan. The company produces industrial machinery bearings, precision machinery and parts, and automotive bearings and components. ...

Oki Electric Industry , commonly referred to as OKI, OKI Electric or the OKI Group, is a Japanese information and communications technology company, headquartered in Toranomon, Minato-ku, Tokyo and operating in over 120 countries around the world. OKI produced the fi ...

* Palace Hotel, Tokyo *

Penta-Ocean is a major Japanese construction firm. It specializes in marine works and land reclamation. It originated from Mizuno Gumi (水野組) in 1896 in Hiroshima Prefecture, and later renamed to the current name and capitalized in 1954. It has offi ...

Ricoh is a Japanese Multinational corporation, multinational imaging and electronics company (law), company. It was founded by the now-defunct commercial division of the Riken, Institute of Physical and Chemical Research (Riken) known as the ''Riken ...

Sapporo Brewery is a Japanese beer brewing company founded in 1876. Sapporo is the oldest brand of beer in Japan. It was first brewed in Sapporo, Japan, in 1876 by brewer Seibei Nakagawa. The world headquarters of Sapporo Breweries is in Ebisu, Shibuya, Toky ...

Showa Denko , founded in 1939 by the merger of Nihon Electrical Industries and Showa Fertilizers, both established by a Japanese entrepreneur Nobuteru Mori, is a Japanese chemical company producing chemical products and industrial materials. SDK's products ...

Sompo Japan Insurance , formerly NKSJ Holdings and , is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007. The “Sompo” in the company's name means in Japanese, t ...

Taiheiyo Cement is a Japanese cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel (aggrega ...

Taisei Corporation is a Japanese corporation founded in 1873. Its main areas of business are building construction, civil engineering, and real estate development. Taisei's headquarters are located at Shinjuku Center Building in Nishi-Shinjuku, Shinjuku, Tokyo. Ta ...

TOA Construction Corporation (), or TOA Corporation is a Japanese general contractor construction firm. Originating from a construction group established in Tsurumi, Yokohama in 1908 by Asano Soichiro, the company was first incorporated in 1920 as Tokyo Bay Marine Works ...

Tobu Railway is a Japanese commuter railway and ''keiretsu'' holding company in the Greater Tokyo Area as well as an intercity and regional operator in the Kantō region. Excluding the Japan Railways Group companies, Tobu's rail system is the second longes ...

Yamaha Yamaha may refer to: * Yamaha Corporation, a Japanese company with a wide range of products and services, established in 1887. The company is the largest shareholder of Yamaha Motor Company (below). ** Yamaha Music Foundation, an organization estab ...

References

{{Authority control Conglomerate companies based in Tokyo Keiretsu Companies established in the 1960s 1960s establishments in Japan