The Japanese MITSUBISHI company was founded in Yataro Iwasaki in 1870. In 1934 MITSUBISHI HEAVYINDUSTRIES, Ltd. was the biggest private company in Japan. It had business divisions for coal mining, shipbuilding,machine-building, manufacturing of aircraft and railway, coaches, bank houses, insurances, and trading. Today companies and branches in more than 100 nations belong to this major corporation.