Yataro Iwasaki was an ambitious young man who established the first Mitsubishi Company — a shipping firm — in 1870. He began with three steamships, branching into shipbuilding and mining. And his successors expanded the organization further, developing powerful positions in heavy industry, chemicals, oil refining, aircraft, production, banking, real estate and insurance. They built a vast and highly integrated industrial organization. Then came World War II. After the war, Mitsubishi was broken into scores of independent companies. Mitsubishi Electric Corporation was created from this action.

Mitsubishi Electric Corporation is a public company, which bears no legal affiliation to other companies that have the word "Mitsubishi" in their names. It is an independent company like other members for the "so-called" Mitsubishi Group and is separately owned, managed and operated.

Mitsubishi Electric operates in 36 countries, serving the following industries:

•	Automotive
•	Semiconductor devices
•	Industrial technology
•	Heating and air conditioning
•	Consumer electronics
•	Heavy machinery
•	Telecommunications
•	Power
•	Transportation
•	Information technology

Responding to increasing growth in U.S. and worldwide automotive business, Mitsubishi Electric created Mitsubishi Electric Automotive America (MEAA) in 1979.

Origin of the Emblem

Yataro Iwasaki, founder of the first Mitsubishi company, created the famous three-diamond mark by combining two images. He blended the three-stacked diamonds of his own family crest with the triple oak leaf crest of the Tosa clan, his first employer. This emblem is the source of the name Mitsubishi, which means "three diamonds."

We are never satisfied with past successes, but use them to build for the future.