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The Mitsubishi Group is a loose entity formed from the breakup of Japan's former Mitsubishi chaebol, with Mitsu meaning "three" and Bishi meaning "water diamond". The first sanling company was The Nagasaki Shipyard, which was officially run by Yataro Iwasaki in 1870. In 1873, the shipyard was renamed Mitsubishi Chamber of Commerce. Mitsubishi then branched out into mining, shipbuilding, banking, insurance, warehousing and trading, followed by paper, steel, glass, electrical equipment, aircraft, oil and real estate. Now Mitsubishi has built up a series of enterprises that play a pivotal role in Japan's industrial modernization.

Mitsubishi is not a single company, but a group of numerous independent companies, most of which use the name "Mitsubishi" but do not simply call themselves "Mitsubishi". There are 29 core members of The Mitsubishi Kinyokai (also known as Friday Club), 600 members of the Mitsubishi Kinyokai, 400 companies with the name Mitsubishi, and hundreds of companies without the name Mitsubishi. These companies, which operated independently and even competed with each other in many areas, began asa shipping company run by Yataro Iwasaki in 1870 and branched out into mining, shipbuilding, banking and insurance, laying a solid foundation for mitsubishi's future growth and development. It is important to note that Mitsubishi Pencil is not a member company of Mitsubishi

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