Editing Mitsubishi (section)

==== Dissolusion and reorganisation of the unified Mitsubishi ====
After the Second World War, under the Allied Occupation's policy to dissolve [[zaibatsu]], the Mitsubishi conglomerate underwent significant restructuring. Until the [[Cold War]] made the [[Eastern Bloc]] more menacing than the possible revival of a strong [[Japan]] and [[Germany]], the occupation forces’ initial aim, just like in Germany, was to weaken the Japanese economy so that the country could never wage war against them.<ref name=":1">{{Cite journal |last=Yoshida |first=Junzo |date=1996 |title=Development of Corporate Systems in the Post War Era: Mitsubishi |url=https://rku.repo.nii.ac.jp/record/5679/files/KJ00005534719.pdf |journal=流通経済大学論集 |volume=30 |issue=3}}</ref> Under this policy, Mitsubishi as a group was dissolved.<ref>{{cite book|editor-last1=Morris-Suzuki|editor-first1=Tessa|title=Japanese Capitalism Since 1945: Critical Perspectives|page=109|url=https://books.google.com/books?id=9a9fV8RQFNsC&pg=PA113|isbn=9780873325516|year=1989|publisher=M.E. Sharpe |access-date=2020-05-09|archive-date=2023-12-19|archive-url=https://web.archive.org/web/20231219184617/https://books.google.com/books?id=9a9fV8RQFNsC&pg=PA113#v=onepage&q&f=false|url-status=live}}</ref> [[Mitsubishi Heavy Industries]] and [[Mitsubishi Chemical Group|Mitsubishi Chemical]] were split into three separate entities.<ref name=":2">{{Cite web |last=Ltd |first=Mitsubishi Heavy Industries |title=History of Mitsubishi Heavy Industries |url=https://www.mhi.com/jp/finance/mr2018/introduction/history.html |access-date=2024-07-10 |website=三菱重工 |language=ja}}</ref><ref>{{Cite web |title=三菱化成工業(株)『三菱化成社史』(1981.06) {{!}} 渋沢社史データベース |url=https://shashi.shibusawa.or.jp/details_basic.php?sid=3670 |access-date=2024-07-10 |website=shashi.shibusawa.or.jp}}</ref> On his deathbed, [[Koyata Iwasaki]] staunchly defended his actions, asserting that he had done his utmost for his country and had nothing to be ashamed of. Despite his resistance, he could not defy the tide of the times.<ref>{{Cite web |title=Chronicle: Koyata Iwasaki |url=https://www.mitsubishi.com/ja/series/koyata/ |access-date=2024-07-10 |website=www.mitsubishi.com |language=ja}}</ref> His cousin, [[Hisaya Iwasaki]], president of Mitsubishi Partnership Company at the time, expressed his frustration with the situation, noting that the company had been stripped bare, leaving only his ancestral land in Tosa and a mausoleum in Tokyo. [[Kyū-Iwasaki-tei Garden|His main residence in Shitaya]] was requisitioned by the American military, and Hisaya had to temporarily rent rooms in his former house.<ref>{{Cite web |title=Former Iwasaki Residence |url=https://www.shiyu-dousoukai.jp/archives/a_dousousei/a_hito_koto/machi/m0511/ma051116.html |access-date=2024-07-10 |website=www.shiyu-dousoukai.jp}}</ref>

Due to the zaibatsu dissolution, [[Mitsubishi Estate]] was split into two companies, Kanto Real Estate and Yowa Real Estate. Yowa Real Estate owned a significant portion of the land between the [[Tokyo Imperial Palace|Imperial Palace]] and [[Tokyo Station]], including the [[Marunouchi Building]]. In 1952, an incident occurred where two men, Kuniichiro Fujiami and Shomitsu Tajima, who were closely linked to infamous [[yakuza]], attempted to take over Yowa Real Estate by becoming majority shareholders, as the market capitalisation of the company was significantly less than its real estate holdings. They [[greenmail]]ed, and other Mitsubishi companies had to buy the shares from them at an unjustly high price. This incident accelerated Mitsubishi's reintegration.<ref name=":1" /> In 1954, [[Mitsubishi Corporation]] was reformed, and the Mitsubishi Friday Club was established to foster camaraderie and information exchange among the chairpersons and presidents of major Mitsubishi companies. By 1964, [[Mitsubishi Heavy Industries]] also remerged.<ref name=":2" /> The Friday Club symbolised the formation of an equal group of companies, rather than the revival of the pre-war Mitsubishi zaibatsu with Mitsubishi Headquarters at the apex.<ref name=":1" />