DKB Group: Difference between revisions
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The {{Nihongo|'''DKB Group'''|第一勧銀グループ|Dai'ichi Kangin Gurūpu}} or the '''Dai-Ichi Kangyo Group''' was the largest [[Japan]]ese [[keiretsu]] in the late 1990s.<ref name=Carson>{{cite book|first1=Richard L.|last1=Carson|first2=Baerbel M. |last2=Traynor|title=Comparative Economic Systems: Transition and capitalist alternatives|year=1998|publisher=M.E. Sharpe|isbn=978-1-56324-921-1|pages=142|url=https://books.google.com/books?id=A_MxNFuv3ucC& |
The {{Nihongo|'''DKB Group'''|第一勧銀グループ|Dai'ichi Kangin Gurūpu}} or the '''Dai-Ichi Kangyo Group''' was the largest [[Japan]]ese [[keiretsu]] in the late 1990s.<ref name=Carson>{{cite book|first1=Richard L.|last1=Carson|first2=Baerbel M. |last2=Traynor|title=Comparative Economic Systems: Transition and capitalist alternatives|year=1998|publisher=M.E. Sharpe|isbn=978-1-56324-921-1|pages=142|url=https://books.google.com/books?id=A_MxNFuv3ucC&q=%22Dai-Ichi+Kangyo%22+group+keiretsu&pg=PA142}}</ref> |
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The group emerged after [[World War II]] and coalesced around the [[Dai-Ichi Kangyo Bank]]. Two of DKB's largest clients, [[Kawasaki Heavy Industries]] and [[Furukawa Electric]], led their own respective corporate groups with a cross-supply relationship between the two. The Kawasaki and Furukawa groups agreed to begin holding presidents' meetings in 1966. [[Itochu]], which historically supplied Kawasaki with raw materials, became the main [[sogo shosha|general trading company]] for the combined group.<ref>{{cite book|last=Suzuki|first=Shinichi|title=The Japanese Main Bank System: A Transaction Cost Approach|date=2006 |
The group emerged after [[World War II]] and coalesced around the [[Dai-Ichi Kangyo Bank]]. Two of DKB's largest clients, [[Kawasaki Heavy Industries]] and [[Furukawa Electric]], led their own respective corporate groups with a cross-supply relationship between the two. The Kawasaki and Furukawa groups agreed to begin holding presidents' meetings in 1966.<ref>{{cite web |title=Annual Report 1998 |url=https://www.mizuhogroup.com/binaries/content/assets/pdf/mizuhoglobal/investors/financial-information/annual/data9803_dkb/p25-28.pdf |publisher=Mizuho Financial Group |access-date=16 October 2024}}</ref> [[Itochu]], which historically supplied Kawasaki with raw materials, became the main [[sogo shosha|general trading company]] for the combined group.<ref>{{cite book|last=Suzuki|first=Shinichi|title=The Japanese Main Bank System: A Transaction Cost Approach|date=2006|pages=108–109|isbn=9780542875380|url=https://books.google.com/books?id=iqnZYQTeeCoC&pg=PA108}}{{Dead link|date=January 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> |
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The group's presidents began regular {{Nihongo|Sankin-kai|三金会}} meetings in 1971. Also in that year, the group's name developed from the merger of Dai-Ichi Bank and Nippon Kangyo Bank.<ref name=Carson/> In 1998, an announcement was made that the Dai-Ichi Kangyo Bank was to be merged with [[Fuji Bank]] and the [[Industrial Bank of Japan]] to form [[Mizuho Financial Group]].<ref name=Coplan>{{cite book|first1=Asli M.|last1=Colpan|first2=Takashi|last2=Hikino|first3=James R|last3=Lincoln|title=The Oxford Handbook of Business Groups|year=2010|publisher=Oxford Handbooks Online|isbn=978-0-19-955286-3|pages=147|url=https://books.google.com/books?id=RL2pWCa9Z24C |
The group's presidents began regular {{Nihongo|Sankin-kai|三金会}} meetings in 1971. Also in that year, the group's name developed from the merger of Dai-Ichi Bank and Nippon Kangyo Bank.<ref name=Carson/> In 1998, an announcement was made that the Dai-Ichi Kangyo Bank was to be merged with [[Fuji Bank]] and the [[Industrial Bank of Japan]] to form [[Mizuho Financial Group]].<ref name=Coplan>{{cite book|first1=Asli M.|last1=Colpan|first2=Takashi|last2=Hikino|first3=James R|last3=Lincoln|title=The Oxford Handbook of Business Groups|year=2010|publisher=Oxford Handbooks Online|isbn=978-0-19-955286-3|pages=147|url=https://books.google.com/books?id=RL2pWCa9Z24C&q=%22Dai-Ichi+Kangyo%22+group+keiretsu&pg=PA147}}</ref> The resulting group, which was established in September 2000,<ref name=Gup>{{cite book|last=Gup|first=Benton E.|title=Too big to fail: policies and practices in government bailouts|year=2004|publisher=Greenwood Publishing Group|isbn=978-1-56720-621-0|pages=261–263|url=https://books.google.com/books?id=oeaULhGPl2UC&q=%22Dai-Ichi+Kangyo%22+bank+merger+2000&pg=PA261}}</ref> was the largest banking group in the world with assets of 140 trillion yen.<ref name=Coplan/><ref>{{cite book|first1=Sung-Jo |last1=Park|first2=Arne|last2=Holzhausen|title=Can Japan globalize?|year=2001|publisher=Springer|isbn=978-3-7908-1381-4|pages=79|url=https://books.google.com/books?id=qkRJn1dMNR0C&q=%22Dai-Ichi+Kangyo%22+group+keiretsu+merge+2000&pg=PA79}}</ref> The next few years saw a parallel consolidation of their keiretsu industrial partners<ref name=Coplan/> and saw the group grow to 150 trillion yen in assets (30% [[GDP]]).<ref name=Gup/> |
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==Companies== |
==Companies== |
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* [[Meiji Seika]] |
* [[Meiji Seika]] |
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* [[Mizuho Financial Group]] |
* [[Mizuho Financial Group]] |
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* [[Nippon Columbia]] |
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* [[Seibu Department Stores]] |
* [[Seibu Department Stores]] |
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* [[Sojitz]] |
* [[Sojitz]] |
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* [[Sompo Japan Insurance]] |
* [[Sompo Japan Insurance]] |
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* [[Taiheiyo Cement]] |
* [[Taiheiyo Cement]] |
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* [[Tokyo Broadcasting System]] |
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* [[Tokyo Dome]] |
* [[Tokyo Dome]] |
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* [[The Tokyo Electric Power Company]] |
* [[The Tokyo Electric Power Company]] |
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* [[Tokyo FM]] |
* [[Tokyo FM]] |
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* [[Toshiba]] |
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* [[Toyota]] |
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* [[Yokohama Rubber Company]] |
* [[Yokohama Rubber Company]] |
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Latest revision as of 13:28, 16 October 2024
The DKB Group (第一勧銀グループ, Dai'ichi Kangin Gurūpu) or the Dai-Ichi Kangyo Group was the largest Japanese keiretsu in the late 1990s.[1]
The group emerged after World War II and coalesced around the Dai-Ichi Kangyo Bank. Two of DKB's largest clients, Kawasaki Heavy Industries and Furukawa Electric, led their own respective corporate groups with a cross-supply relationship between the two. The Kawasaki and Furukawa groups agreed to begin holding presidents' meetings in 1966.[2] Itochu, which historically supplied Kawasaki with raw materials, became the main general trading company for the combined group.[3]
The group's presidents began regular Sankin-kai (三金会) meetings in 1971. Also in that year, the group's name developed from the merger of Dai-Ichi Bank and Nippon Kangyo Bank.[1] In 1998, an announcement was made that the Dai-Ichi Kangyo Bank was to be merged with Fuji Bank and the Industrial Bank of Japan to form Mizuho Financial Group.[4] The resulting group, which was established in September 2000,[5] was the largest banking group in the world with assets of 140 trillion yen.[4][6] The next few years saw a parallel consolidation of their keiretsu industrial partners[4] and saw the group grow to 150 trillion yen in assets (30% GDP).[5]
Companies
[edit]- Asahi Mutual Life Insurance
- The Dai-ichi Mutual Life Insurance Company
- Daiichi Sankyo
- Dentsu
- Fujitsu
- Hitachi
- IHI Corporation
- Isuzu
- ITOCHU
- JFE Holdings
- Kawasaki Heavy Industries
- K Line
- Kobe Steel
- Meiji Seika
- Mizuho Financial Group
- Nippon Columbia
- Seibu Department Stores
- Sojitz
- Sompo Japan Insurance
- Taiheiyo Cement
- Tokyo Broadcasting System
- Tokyo Dome
- The Tokyo Electric Power Company
- Tokyo FM
- Toshiba
- Toyota
- Yokohama Rubber Company
See also
[edit]References
[edit]- ^ a b Carson, Richard L.; Traynor, Baerbel M. (1998). Comparative Economic Systems: Transition and capitalist alternatives. M.E. Sharpe. p. 142. ISBN 978-1-56324-921-1.
- ^ "Annual Report 1998" (PDF). Mizuho Financial Group. Retrieved 16 October 2024.
- ^ Suzuki, Shinichi (2006). The Japanese Main Bank System: A Transaction Cost Approach. pp. 108–109. ISBN 9780542875380.[permanent dead link]
- ^ a b c Colpan, Asli M.; Hikino, Takashi; Lincoln, James R (2010). The Oxford Handbook of Business Groups. Oxford Handbooks Online. p. 147. ISBN 978-0-19-955286-3.
- ^ a b Gup, Benton E. (2004). Too big to fail: policies and practices in government bailouts. Greenwood Publishing Group. pp. 261–263. ISBN 978-1-56720-621-0.
- ^ Park, Sung-Jo; Holzhausen, Arne (2001). Can Japan globalize?. Springer. p. 79. ISBN 978-3-7908-1381-4.