Mitsubishi founded by Yataro Iwasaki is a conglomerate of businesses that include heavy industries, motors, banks, chemicals and electricals.
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"Mitsubishi" is a combination of the words "mitsu" and "hishi." "Mitsu" means three. "Hishi" means water chestnut, and the word is used to denote a rhombus or diamond shape. As customary, "hishi" is pronounced "bishi" when it forms a latter part of a word, hence the combination of "mitsu" and "hishi" reads "mitsubishi.". The logo is said to be an arrangement of two family crests; the three-oak-leaf crest of the Yamauchi family, Lords of Tosa, where Yataro was born, and the three-tiered water chestnut crest of the Iwasaki family.
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