History of founder
Yataro Iwasaki launched the first Mitsubishi company, a shipping firm, in 1870. He set up his own shipping company, Tsukumo Shokai, With 3. Steamships from the clan in 1870 and Mitsukawa shokai in 1872 and became to, Tsukumo Shokai, With 3 steamships from the clan in 1870 and became to Mitsukawa Shokai in 1872 and to Mitsubishi Shokai in 1874. After that Yataro changed his company’s name to Mitsubishi Mail Steamship in 1875. In 1880 the groverment established a competitor company. During that time the political was crisis that made that made The both companies.