Nissan Group

Nissan Group
日産にっさんコンツェルン

Company type	Public
Industry	Conglomerate
Founded	1928; 96 years ago in Japan
Founder	Yoshisuke Aikawa from assets of Fusanosuke Kuhara and Namihei Odaira
Successor	Nissan Hitachi ENEOS Bussan Real Estate
Headquarters	Chiyoda, Tokyo , Japan
Area served	Worldwide
Products	Industrial machinery, telecommunications, power plants, information systems, electronics, automotive, materials, financial services, construction

Nissan Group (日産にっさんコンツェルン, Nissan Kontserun, "Nissan Concern"), or formerly Nissan zaibatsu, is a group of companies and 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 (日本にっぽん産業さんぎょう株式会社かぶしきがいしゃ, Nihon Sangyō kabushiki gaisha), Nissan for short.

The group's core business was real estate and insurance with hundreds of member companies, including fisheries, mining companies, and was affiliated with Hitachi, as well as what Nissan is now known for—its automobile business. 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 Motor 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 Motor 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 Motor's 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.

Brands

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Companies

• Nissan group
  • 日産自動車にっさんじどうしゃ Nissan Motor
  • 日産化学工業にっさんかがくこうぎょう Nissan Chemical Corporation
  • 日産にっさん証券しょうけん Nissan Securities
  • 日産にっさん農林のうりん NNK
  • Kinugawa Rubber Industrial Company
  • Kayaba Industry
• Hitachi
  • INES Corporation
  • Hitachi Maxell
  • Nisseicom Limited
  • 日立ひたちキャピタル株式会社かぶしきがいしゃ Hitachi Capital
  • 日立金属ひたちきんぞく Hitachi Metals
  • Hitachi Cable
  • 日立化成工業ひたちかせいこうぎょう株式会社かぶしきがいしゃ Hitachi Chemical
    • 新神戸電機しんこうべでんき株式会社かぶしきがいしゃ Shin-Kobe Electric Machinery Company
  • 株式会社かぶしきがいしゃニチレイ Nichirei Corporation
  • Hitachi Zosen Corporation
  • 日立建機ひたちけんき株式会社かぶしきがいしゃ Hitachi Construction Machinery
    • TCM株式会社かぶしきがいしゃ TCM Corp
  • Nippon Suisan Kaisha
  • 日にち油ゆ株式会社かぶしきがいしゃ NOF Corporation
    • ニッサン石鹸せっけん株式会社かぶしきがいしゃ Nissan Soap Company
    • 昭和炭酸しょうわたんさん株式会社かぶしきがいしゃ Showa Tansan Company, Limited
  • りんかい日産建設にっさんけんせつ Rinkai Nissan Construction
• JXTG Group
  • JXTGホールディングス株式会社かぶしきがいしゃ JXTG Holdings Incorporated
    • JXTG Nippon Oil & Energy
    • JX金属きんぞく株式会社かぶしきがいしゃ JX Nippon Mining & Metals Company
• Sompo Holdings (formerly Yasuda Fire & Marine Insurance Company)
  • Sompo Japan Nipponkoa Insurance
    • 日産にっさんセンチュリー証券しょうけん Nissan Century Security Company, Limited
    • 兼松日産農林かねまつにっさんのうりん株式会社かぶしきがいしゃ Kanematsu-NNK Corporation

Former members

• Victor Company of Japan or JVC, sold to Panasonic in 1953, spun-off as an independent; merged into Kenwood Corporation to create JVCKenwood Corp.
• Nippon Columbia — founded in 1910 and divested from Nissan Group in 2002
• Denon — founded 1910 and merged with Marantz Japan Incorporated in 2002 to form D&M Holdings
• Nissan Mutual Life Insurance — founded in 1909 and bankrupt in 1997
• Nitto Denko — founded 1918
• Nissan Diesel — sold to Volvo in 2010 then sold to Isuzu since 2021
• Nissan Marine (Merged into Tohatsu in 2014)
• Nissan Outboard Motors (Merged into Tohatsu in 2014)

See also

• Yasuda zaibatsu