Koyata Iwasaki

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Koyata Iwasaki
岩崎小弥太
Iwasaki Koyata.jpg
Born(1879-08-03)August 3, 1879
Tokyo, Empire of Japan
DiedDecember 2, 1945(1945-12-02) (aged 66)
University of Tokyo Hospital, Tokyo, Japan
Resting placeIwasaki Mausoleum, Setagaya, Tokyo
Alma mater Tokyo Imperial University
Pembroke College, Cambridge
Title Mitsubishi logo.svg 4th President of Mitsubishi
Term1916–1945
Predecessor Hisaya Iwasaki
Parents
Relatives Yataro Iwasaki (Uncle)
FamilyIwasaki

Baron Koyata Iwasaki was a Japanese industrialist who served as the fourth and last president of the unified Mitsubishi. [1] He was the last person to hold the office before the Allied Occupation Forces ordered the dissolusion of all major zaibatsu .

Contents

Early life and education

Koyata was born in 1879 in Tokyo as the eldest son of Yanosuke Iwasaki, the second president of Mitsubishi, and Sanae Iwasaki, the daughter of Shojiro Goto.

He attended the First Higher School, then matriculated at Tokyo Imperial University. He later matriculated at Pembroke College, Cambridge, where he read history, geography, and sociology. He started working for Mitsubishi in 1906. In 1906, he married Takako (岩崎孝子), the daughter of Baron Uzuhiko Shimazu. [2] Upon his father's death in 1908, he inherited the barony.

As President of Mitsubishi

He succeeded his cousin Kyuya as the President of Mitsubishi in 1916, during the First World War. He held the office for 29 years, a period during which he significantly expanded the group. He spun off each department into a subsidiary, covering sectors such as mining, shipbuilding, banking, trading, and real estate. [3] Under his leadership, Mitsubishi enjoyed de facto monopolies or oligopolies in many of these sectors. To further expand the group, he sold nearly half of the shares of these subsidiaries to the public, while Mitsubishi headquarters, led by him, owned the rest. [1] In 1917, he also privately funded the establishment of an optics company and became the majority shareholder, which later became Nikon. [4]

After the loss of the Second World War in 1945, the Allied Occupation Forces ordered all major zaibatsu to be split into smaller companies, and all members of the founding families were forced to sell all the shares they held. Koyata was strongly opposed to this order but died in December of the same year. The site of his house in Roppongi is now occupied by the International House of Japan. [5] Although the building was rebuilt in 1955, the garden remains largely as it was when Koyata commissioned it in 1930. [6]

Atami Yowado

Atami Yowado (熱海陽和洞) was a holiday villa of Koyata Iwasaki located in Atami, Shizuoka Prefecture. Iwasaki commissioned Ogawa Jihei VII, a renowned garden architect from Kyoto, to build the garden in a grand style. In April 1978, member companies of the Mitsubishi Kinyokai, core 29 companies of Mitsubishi Group, inaugurated "Management committee of Atami Yowado" (熱海陽和洞管理委員会). Today, the villa is used as a club for Mitsubishi executives. [7]

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References

  1. 1 2 "Koyata Iwasaki | mitsubishi.com". www.mitsubishi.com. Retrieved 2024-04-07.
  2. ↑ 岩崎小弥太傳 p73.
  3. ↑ "vol.09 持ち株会社と事業部門の独立 | 三菱グループサイト". www.mitsubishi.com (in Japanese). Retrieved 2024-04-07.
  4. ↑ "vol.17 新規事業への進出 | 三菱グループサイト". www.mitsubishi.com (in Japanese). Retrieved 2024-04-07.
  5. ↑ "History | IHJ". www.i-house.or.jp. Retrieved 2024-04-07.
  6. ↑ "庭園について | IHJ". www.i-house.or.jp. Retrieved 2024-04-07.
  7. ↑ Koyata Iwasaki's holiday house Retrieved 2024-07-04.
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