An ambitious young man named Yataro Iwasaki launched the first Mitsubishi company —a shipping firm—in 1870. Japan had just emerged from centuries of feudal isolation and was racing to catch up with the West. Yataro's business grew rapidly and diversified into a broad range of manufacturing and commerce. World War II brought an end to Mitsubishi as an integrated organization. But independent companies that trace their roots to the old Mitsubishi are active today in nearly every sector of industry.
Yataro Iwasaki was from the city of Kochi on the island of Shikoku, which was the home of the powerful Tosa clan. He worked for the clan and distinguished himself in managing its Osaka trading operations. In 1870, he set up his own shipping company, Tsukumo Shokai, with three steamships chartered from the clan. That was the beginning of Mitsubishi.
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