Nissan Group

Nissan Group (日産コンツェルン, Nissan Kontserun, "Nissan Concern"), or formerly Nissan zaibatsu, was one of Japan's most powerful business groupings. Founded in 1928 by Yoshisuke Aikawa, the group was originally a holding company created as an offshoot of Kuhara Mining Co.(became Nippon Mining & Metals Company; currently part of JXTG Holdings), which Aikawa had taken over as president of from his brother-in-law, Fusanosuke Kuhara. After the bankruptcy of the Kuhara zaibatsu following World War I, Aikawa reorganized its assets into Japan Industries or Nihon Sangyo Corporation (日本産業株式会社, Nihon Sangyō kabushiki gaisha), Nissan for short.

Nissan Group
日産コンツェルン
Public
IndustryConglomerate
SuccessorNissan Motor Corporation
Hitachi, Ltd.
ENEOS
Bussan Real Estate
FoundedJapan (1928 (1928))
FounderYoshisuke Aikawa from assets of Fusanosuke Kuhara and Namihei Odaira
Headquarters
Chiyoda, Tokyo
,
Japan
Area served
Worldwide
ProductsIndustrial machinery, telecommunications, power plants, information systems, electronics, automotive, materials, financial services, construction

The group's core business was real estate and insurance with hundreds of member companies, including fisheries, mining companies, and is affiliated with Hitachi Group companies, as well as what Nissan is now known for—its automobile industry. After World War II, the zaibatsu was disbanded, and reformed into Nichiyo-kai, otherwise known as Nissan Group.

Although the Nissan name was primarily known for its car manufacturing outside Japan, Nissan Motors was a comparatively small side business compared to its core real estate business until the real estate crash of the early 1990s (see Japanese asset price bubble). Like the similar subprime crisis, the crash dealt a devastating blow to the Nissan Group by leaving it with several hundred billions of dollars of debt.

The Nissan Group has long since shed the majority of its real estate assets (which were sold to Mitsui & Co. and still operates as the Bussan Real Estate Company), and has focused on manufacturing and insurance. Nissan Motors was given more independence as French automotive manufacturer Renault bought a 38.8% stake in the company for $5.4 billion in 1999 and appointed Carlos Ghosn as CEO of the new Renault–Nissan Alliance. Nissan Motors' successful turnaround was attributed to CEO Ghosn's ability to detach it from its keiretsu connections and eliminate 23,000 jobs from the Japanese workforce.

Nissan Concern Member Companies
  • Nissan Subgroup
  • Hitachi Group
    • Hitachi, Ltd
      • INES Corporation
      • Hitachi Maxell
      • Nisseicom Limited
    • 日立キャピタル株式会社 Hitachi Capital
    • 日立金属 Hitachi Metals
    • Hitachi Cable
    • 日立化成工業株式会社 Hitachi Chemical
      • 新神戸電機株式会社 Shin-Kobe Electric Machinery Company
    • 株式会社ニチレイ Nichirei Corporation
    • Hitachi Zosen Corporation
    • 日立建機株式会社 Hitachi Construction Machinery
      • TCM株式会社 TCM Corp
    • Nippon Suisan Kaisha
    • 日油株式会社 NOF Corporation
      • ニッサン石鹸株式会社 Nissan Soap Company
      • 昭和炭酸株式会社 Showa Tansan Company, Limited
    • りんかい日産建設 Rinkai Nissan Construction
  • JXTG Group
  • Sompo Holdings (formerly Yasuda Fire & Marine Insurance Company)
    • Sompo Japan Nipponkoa Insurance
      • 日産センチュリー証券 Nissan Century Security Company, Limited
      • 兼松日産農林株式会社 Kanematsu-NNK Corporation

Former members
gollark: No it's not.
gollark: The Macron naming ceremony.
gollark: PORTAL Obviously Really Terrible Acronym LISP.
gollark: Bionic Intelligent Reconnaissance Devices = bird.
gollark: SPUDNET too.

See also
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