Understanding Mitsui
Maybe you know Mitsuisu, but do you know Mitsui? The Mitsui Group is one of Japan's four monopoly zaibatsu, which grew out of the zaibatsu ruled by the Mitsui family. For a long time, it has been the top of the four largest zaibatsu in Japan.
If you name a few, you probably know what Mitsui is all about - Toyota, Toshiba, Sony, Sakura Bank and so on. It's involved in everything from finance - chemicals, heavy machinery - automobiles - semiconductors and so on.
What you may not know is that once Mitsui was at the top of the world's top 500 in 1993, and today it's at #157:
And Toyota, which is owned by Mitsui, is currently ranked 10th:
Toshiba is 371st:
Mitsui's greatness isn't a collection of all of its companies, but rather that it's decentralized. Why decentralized, because what about a big tree? To hide its strength, each subsidiary's finances are calculated independently.
How does Samsung compare?
In fact, if you simply compare some of Mitsui's current Mitsui enterprises, you may not be able to compare with Samsung. Samsung is better known as one-fifth of Korea's GDP, and Samsung is an inevitable business for Koreans throughout their lives.
And Samsung is currently into the world's top 500 all enterprises:
Revenue combined, may only be comparable to the Toyota Group, visible if not split Mitsui, is not Samsung can be compared. As great as Samsung is, it's not as great as a smothered Mitsui!
Speaking of the Samsung Group estimates that we all know, the Samsung Group business around the world, whether it is the cell phone business or chip business is in the world's first position, we use a lot of electronic products are closely related to the Samsung Group, even if there is no direct use of the Samsung brand of products, but a lot of electronic products on the use of the Samsung Group may be the chip or other parts.
But when it comes to Japan's Mitsui Group, it is estimated that many people are not very familiar with, but this does not prevent the existence of the giant Mitsui Group, currently the Mitsui Group is one of Japan's largest zaibatsu, and its business is very extensive, business is likewise all over the world.
But strictly speaking, the Mitsui Group is not a group organization in the legal sense, but rather an informal organization of large corporations with related interests and financial structures.
If we have to compare the Samsung Group with the Mitsui Group, then the Samsung Group is certainly no match for the Mitsui Group, as we know by the industries and members of both.
Samsung Group is the largest consortium in South Korea, which has 85 companies and a number of other legal entities, and has established nearly 300 legal entities and offices in nearly 70 countries and regions, with a total of more than 200,000 employees, and its business involves many fields such as electronics, finance, machinery, chemistry, and so on, among which the more representative enterprises are as follows:
1, Samsung Electronics, 2018 World 500 ranked 12th, with an operating income of $211.942 billion and a profit of $36.575 billion, Samsung's pillar industries are semiconductors and only cell phones, only the world's first sales of cell phones, and the world's first chip sales.
2, Samsung Life, ranked 421st in the world's top 500 in 2018, with an operating income of $28.272 billion and a profit of $1.031 billion.
3. Samsung Physical Products, ranked 458th in the world's top 500 in 2018, with an operating income of $25.9 billion and a profit of $566 million.
In addition to Samsung also other companies, the overall revenue of the Samsung Group in 2018 is probably around $320 billion, with a profit of more than $30 billion.
Mitsui's current business scope includes domestic trade, import and export trade, and re-export trade in automobiles, steel, textiles, machinery, chemicals, energy, electronics and information, grain, oil and food, non-ferrous metals, and light building materials.In 1993, Mitsui was ranked No. 1 in the world's top 500, and in the following 10 years were also basically ranked in the top 10 of the top 500.After 2003, Mitsui After 2003, the Mitsui Group's ranking in the Fortune 500 declined rapidly after it separated its energy sector and other important industrial organizations into separate accounts and set up independent legal entities around the world. However, in reality, its industries are so large that it could be ranked No. 1 in the world's Fortune 500 by taking out the consolidated financial statements of just a few of its companies, only that it is relatively low-profile. Let's take a look at the members of the Mitsui Group to know it by having more bullish.
First of all, let's talk about the real sense of the Mitsui Group
Everyone understands Mitsui generally refers to the Mitsui Group, which has total assets of at least 36 trillion yen and employs nearly 240,000 people. The core members are 24 large monopoly companies, including 2 banks, 2 insurance companies, 15 industrial and mining companies, 1 trading company, 1 large department store, 1 real estate industry and 2 transportation companies, of which Mitsui Bank, Mitsui & Co. and Mitsui Fudosan Co. are the three main pillars of the consortium.
1. Mitsui & Co. Mitsui & Co. is the world's largest general trading company. Its business scope includes domestic trade, import and export trade and re-export trade in steel, textile, machinery, chemical, energy, electronics and information, grain, oil and food, non-ferrous metals, light construction materials, etc. With a 2017 operating income of $44.15 billion, it is ranked 246th among the world's top 500 companies.
2, Sumitomo Mitsui Financial Group, which was formed by the merger of Sumitomo Group's CNC Bank Sumitomo Bank and Mitsui Group's Sakura Bank, is currently the third largest financial institution in Japan. 2017 operating income of $ 52.026 billion, ranked 192nd of the world's top 500.
Let's take a look at the other members of the Mitsui Group
What we listed above is the Mitsui Group as seen from the legal sense of the organization, but in reality, the Mitsui Group's industry is not so simple, and there are many other members of the Mitsui Group that are operating independently at the moment.
1. Toyota Group. Many people know that Toyota is very bullish, and is currently the world's largest automobile manufacturer, but many people do not know that the Toyota Group is also a member of the Mitsui Zaibatsu, and in 2018, there are four top 500 companies under the Toyota Group, of which Toyota Motor Automotive Automotive revenues of 265.1 billion U.S. dollars, ranked sixth globally, Toyota Tsusho revenues of 58.58 billion U.S. dollars, ranked 165th globally, and Denso's revenues of 46.1 The company's revenue of 46.1 billion U.S. dollars, ranked 229th in the world, Aisin Seiki revenue of 35.28 billion U.S. dollars, ranked 329th in the world. that is to say, the revenue of the Toyota Group alone reached more than 400 billion U.S. dollars, which can be a complete victory over the Samsung Group.
2, Sony Group, Sony is the world's audio-visual, electronic games, communication products and information technology and other areas of the pioneer, is the world's earliest portable digital products pioneer, is one of the world's largest manufacturers of electronic products, one of the world's three giants of the electronic game industry, the United States, one of the six Hollywood studios, 2017 revenue of 77.115 billion U.S. dollars, ranked the top 500 in the world 97th place.
3, Toshiba, Toshiba is Japan's largest semiconductor manufacturer, is also the second largest integrated motor manufacturer, its business operations covering digital products, electronic components, social infrastructure equipment, home appliances, etc., 2017 revenue of $ 35.63 billion, ranked 326th of the world's top 500.
4, Panasonic Group (which also has Sanyo), Panasonic Group currently has more than 230 companies around the world, with a total of more than 290,493 employees, and its business covers and home appliances, digital audio-visual electronics, office products, aviation, etc., with an operating income of $ 72.045 billion in 2017, ranked No. 114 in the world's top 500.
There are many other companies under the Mitsui Foundation we will not list, in short, the Mitsui Foundation's industry is very large, the Samsung Group and the Mitsui Foundation is not even a quantum leap.
The two companies are not on the same level! Mitsui has more than one thousand one hundred well-known enterprises under its umbrella, all with different business philosophies! First of all, let's get to know Mitsui! We'll do a comparison later and it'll be clear!
Mitsui's business philosophy is not manufacturing, it is the management of people, of course, the value can not be measured by the financial statements, in 1979, then President of Mitsui Toshiro Yasuhiro to promote the "rds" movement is the main Mitsui management back to "people", eliminating bureaucracy, the main purpose is to restore the "people", "people", "people", "people", "people", "people", "people" and so on. "Elimination of bureaucracy, people-centered management organization "Mitsui for People"!
In 1993, Mitsui ranked No. 1 on the Fortune 500 list, and its subsidiaries include Toyota, Toshiba, Sony, Sumitomo Mitsui Banking Corporation, Shosenzo Mitsui, Mitsui Shipbuilding, Ishikawajima Harima Heavy Industries, Mitsukoshi Department Stores, and many other heavyweights, and Mitsui's disdain for the Fortune 500 is evident in the fact that the Mitsui consortium has a large number of Fortune 500 companies within the system. The company's shareholding in related companies extends to Siemens, General Motors, and Ericsson, which are among the world's top players!
Mitsui Takayoshi founded Mitsui & Co. in 1711, and in 1868, the Mitsui family financed the fall of the Shogunate, and was a major contributor to the Meiji Restoration, becoming a political and commercial Mitsui. The Mitsui family and the Meiji government supported each other and utilized each other to promote the economic and social development of Japan. In 1876, the Mitsui family opened the first private bank, Mitsui Bank, and established the largest Mitsui & Co. in Japan!
In the war period Mitsui's companies are involved in the Japanese invasion of China to provide material support, had actively promote the Japanese invasion of China's Mitsui's history and what China suffered the blood and tears of humiliation and disaster inextricably linked to the time of Mitsui's more than 1,000 companies under the banner of which can not continue to develop in China, which is the Mitsui's subsidiaries to separate its separate accounting separation of the fundamental reason for it!
Foreign countries have marveled at the country's forgetfulness of history and betrayal of their ancestors, which marveled at not even realize that it is not the Chinese people who have forgotten history, but not access to it! The same Japanese companies during the invasion of China to produce tanks, artillery, airplanes, gas bombs, biological and chemical weapons, and so on! Mitsui to hide yourself up is not without this factor! The company's strengths are very strong!
The next introduction of Samsung's many companies as many as 44, the company was founded in 1938 was initially a vegetable and fruit business!
In 1950, the expansion of sugar, pharmaceuticals, textiles, established as a family business! 53 years to establish the first sugar company, 58 years to establish Samsung Insurance, 68 years to establish Samsung Hospitals, 69 years to establish Samsung Electronics, 80 years to sell refrigerators, 78 years to Samsung Semiconductor was established in the beginning of the export of color TV business, 83 years to develop a 64K Dynamic Random Accessory Memory (DRAM), only for the South Korean country! Samsung world top 500 ranked fifteenth! Total assets are $173.957 billion
The data may not be accurate and is only for comparison!
Hello, first of all, let me introduce you to the general situation of the two consortia you mentioned:
Mitsui Consortium: Currently, there are 25 major companies. Among them, Mitsui Bank, Mitsui & Co. and Mitsui Real Estate Co. are the three pillars of the consortium. Its core companies are Sakura Bank, Mitsui & Co., Shin-Oji Paper, Toshiba, Sony, Sanyo, NEC, Toyota Motor Corporation, Mitsukoshi, Toray, Mitsui Fudosan, and so on. The consortium has strengths in industries such as chemicals, heavy machinery, general motors, automobile manufacturing, real estate, nuclear power generation, semiconductors, and medical and office electronics. From JPMorgan data, we know that its large companies are valued at about $422.6 billion (of course, this does not include the market capitalization of the major companies in the Toyota group).
Samsung Group: is the Republic of Korea's largest enterprises, but also a multinational enterprise group, Samsung Group, including many international subsidiaries, its subsidiaries are: Samsung Electronics, Samsung Material, Samsung Life, Samsung Aviation and so on, the business involves electronics, finance, machinery, chemistry and many other fields. Samsung Electronics is its largest subsidiary, is now the world's second largest cell phone manufacturer, the world's largest revenue electronic enterprises, Samsung Group is a family business, the Lee family hereditary, its various Samsung industries are family industries, and managed by other members of the family, the current group leader has been passed on to the third generation of the Lee family. The combined market capitalization of all its big businesses is about $320 billion.
So, just from the two consortiums under the major enterprises market value of the rough calculation to compare, is the enterprise history of the longer Mitsui consortium dominant, and from the proportion of GDP generated by the country, there is no doubt that Samsung accounted for a quarter of South Korea's GDP output value. There is a saying that for the sake of the country's economic development, South Korea will not let the Samsung Group go out of business. I hope my answer can satisfy you, thank you.
Everyone knows about Samsung Group. It is a very powerful enterprise, because it South Korea has a huge influence, so it is called Samsung **** and the country. It has many subsidiaries, the most well-known is Samsung Electronics. Of course, in addition to Samsung Electronics, there are two other Fortune 500 companies under the Samsung Group, which are Samsung Property and Samsung Life Insurance.
The Mitsui Group is probably unheard of by many people. Unlike the Samsung Group, the Mitsui Group is not a formal business organization. To put it simply, the Mitsui Group is not a legal entity, but just an informal organization of large corporations with related interests and financial structures.
There are many companies named after Mitsui in Japan, including Sumitomo Mitsui Financial and Mitsui & Co. But they are not subsidiaries of the Mitsui Group, but separate legal entities. As I said earlier the Mitsui Group is not a formal legal entity, it is just an informal organization.
Both Japan and South Korea are the same, with many zaibatsu conglomerates growing in economic development. In South Korea, the Samsung Group is the country's largest zaibatsu. In Japan, the Mitsui Group is one of the four largest zaibatsu.
Before World War II, the Mitsui Group was indeed a corporation. It was after World War II that the United States revamped Japan and split up the Mitsui Group, resulting in a number of independent companies, including Mitsui Bank, Mitsui & Co.
South Korea's zaibatsu this was not split up, but instead grew in the post-war period. Currently, Samsung Group has 85 subsidiaries, as well as countless grandchildren and great-grandchildren.
But Samsung and Mitsui actually have a history. For a long time, the Korean peninsula was a Japanese colony. Therefore, Japan transplanted its trans-capitalist system to the Korean Peninsula. Samsung Group was created by imitating Mitsui Group. How else could these two countries be so similar in their zaibatsu economy?
One is a student and the other is a teacher. Who do you think is stronger? Of course the Mitsui Group is stronger than the Samsung Group.
Some people say that Samsung in Korea has surpassed the Mitsui Group, probably because the Mitsui Group has been too low-key in recent years.
The Mitsui Group is one of the largest Japanese conglomerates. The total amount of assets accounted for a large part of Japan's GDP, with a focus on holding 24 large monopoly companies, note the monopoly, and the shape of the general trading company (operating from nuclear power to eggs ...).
Most people are familiar with Mitsui's major companies:
Toyota Motor, Nippon Steel, Sony, Toshiba, Epson, Olympus
Mitsui Shipbuilding, Mitsui Bank, Mitsui XX, etc.
Mitsui Shipbuilding, Mitsui Bank, Mitsui XX, etc.
The company is a major player in the global market. And so on
Mitsui's long-term price-control advantage in resource products is lubricated by its equity participation in resource companies in the upper reaches of the industry chain, which generally does not exceed 10%, and is further consolidated by its vast logistics and trading network. This path has been replicated to the greatest extent possible in the Mitsui empire, which encompasses almost every conceivable industry.
Whether it is raw materials, intermediate components or end products, Mitsui plays the role of a "behind-the-scenes pusher" in all production, trade and logistics, pushing its subsidiaries and affiliates to the forefront, constantly expanding its markets, resources and territories, and maximizing its profits, while hiding itself as a "shadow". The company's main goal is to provide the best possible service to its customers.
Mitsui's management strategy is to stand behind the enterprise like a shadow, utilizing its own strong capital, developed trade system, and rich resources to promote the development of the enterprise while penetrating into every corner of the world microeconomy. The Mitsui empire is hidden behind all kinds of companies, large and small.
Plus South Korea's Samsung Group, Samsung can really look home to the industry is Samsung Electronics, and Samsung Electronics really look home to semiconductors and displays
As for the other bits and pieces - what property, buildings, military, home appliances, insurance and so on is a joke is not worth mentioning at all, it is just in vain! It just adds to the volume of Samsung Group's revenue and does nothing to make Samsung strong. The power of a group is to be strong, not big. Insurance, mining, real estate, property and some other service industries. These industries just act as flab for Samsung Group's revenue volume.
We are talking about the strong part of the Samsung Group, that is known as Samsung Electronics, which really look at the home and Samsung semiconductor and display, as for the phone that is really great, the world's only military quality smart phones, cell phones with grenades, note 7 explosion let the world see you Korean companies do not eat too ugly. Competition between capital is very fierce, but like South Korea so utilitarian to achieve the purpose of unscrupulous really do not know what face. The decline in three to five years is foreseeable.
To summarize, Samsung Group in South Korea is the day, in the world counts a consumer electronics giant, in the information industry counts a first-class tail, second-class head of the company it
People always shallow that more and more big will be strong, and the Samsung Group, such as the U.S. support subsidiaries even become a belief?
In a two-country trade war, if your product or service can become a bargaining chip for your home country to hold the other country to ransom, there is no need to discuss it, you must be strong.
On the contrary, you become a hostage to the other side to blackmail your home country, how to say powerful?
Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It includes numerous subsidiaries and affiliates, most of which are co-branded Samsung, and is the largest plutocracy (business conglomerate) in South Korea.
Samsung's industrial subsidiaries include Samsung Electronics (the world's largest information technology company, and the fourth-largest by market capitalization based on 2012 revenues), Samsung Heavy Industries (the world's second-largest shipbuilder by 2010 revenues), and Samsung Engineering and Samsung C&T (the world's 13th- and 36th-largest construction companies, respectively). Other notable subsidiaries include Samsung Life Insurance (the world's 14th-largest life insurer), Samsung Able Land (operator of South Korea's oldest theme park, Able Land), and Cheil Worldwide (the world's 15th-largest advertising agency by 2012 revenue).
Samsung has had a strong impact on South Korea's economic development, politics, media and culture and has been a major driving force behind the " Miracle on the Han River". Its subsidiaries produce about one-fifth of Korea's total exports. Samsung's revenue is equivalent to 17 percent of South Korea's $1.082 billion GDP.
The Mitsui Group is a loose consortium of independent Japanese companies, merged into a trading house from the giant family-owned Mitsui business, which includes cement, petrochemicals, commerce, construction, energy, engineering, finance and insurance, food, machinery, mining, non-ferrous metals, real estate and shipping. All of the major companies are large multinationals, headquartered in Tokyo or Saka, with offices and subsidiaries overseas; some have joint ventures with foreign companies.
The major members are Mitsui & Co, Ltd, Mitsui Chemicals, Mitsui Engineering & Shipbuilding, Mitsui Fudosan, Mitsui Mining & Smelting Co, Ltd, Mitsui OSK Series, Sumitomo Mitsui Insurance Group, Mitsui Life Insurance Company, Mitsui Phytosan Holding, Mitsui Mining & Smelting, Nihon Unisys, JA Mitsui Leasing, Isetan Mitsushikoshi Holding, Kako Kogyo, Oji Paper Co. Sumitomo Mitsui Financial Group, Sumitomo Mitsui Trust Holdings, Sumitomo Mitsui Construction, Sumitomo Mitsui Banking Corporation, Nippon Airways Technology Corporation, Sapporo Brewery, Sanki Engineering, Purpose Services Limited, Toray Industries, Toyo Engineering Corporation, Toshiba, Japan Steel Mills.
Others closely associated with Mitsui are Sony, Ito-Yokado, Sagami Railway, Tokyo Broadcasting System, Kanebo (Kao), Orient Land, Toyota Group, Komatsu Ltd, Vale (mining company), Rio Tinto, BHP Billiton, Yamaha, Yanmar, Analog Metals Management - Mitsui owns 18% of the company's share capital and has representatives on its board of directors, Columbia Asia, IHH, and IHH. Columbia Asia, IHH Healthcare Berhad - Mitsui owns 20.5% of the company's share capital and is represented on its board of directors. They are cross-shareholdings due to business tie-ups.
Most of the members of the Mitsui Group are independent and not affiliated, but they have formed a trading company for better business cooperation. In terms of total amount then definitely the Mitsui Foundation is big, but they are not even a concept to compare.
Samsung as South Korea's first major consortium, in recent years, along with the rise of the South Korean economy, in the air over the traditional Japanese electronics giants Sony, Panasonic, Canon and other enterprises, especially Samsung consortium's flagship Samsung Electronics in the world's smartphones, flat-panel TVs, semiconductors and other fields have occupied the first throne, Samsung Electronics as the first Asian technology enterprise's name is well-deserved.
But so that Samsung has exceeded the Japanese conglomerate, it is too early to say, I guess Samsung themselves do not dare to boast such a big mouth.
The strength of the Japanese consortium behind the unfathomable, six major plutocrats Mitsui, Mitsubishi, Sumitomo, Fuji, Sanwa and the first to persuade the bank to control 60% of Japan's total domestic assets and revenue, which is more similar to the South Korean four major consortia. However, after all, the Japanese zaibatsu have hundreds of years of history, the industrial layout of the wide, far-reaching influence are far more than the Korean zaibatsu. Mitsui, for example, on the surface can not see how much influence it has, but lift the veil of the mystery of Mitsui, you will find the real strength of this consortium.