Yoshisuke Aikawa was the founder and first president of Nissan zaibatsu. He was born in 1880 in what’s now a part of Yamaguchi metropolis. Aikawa graduated from Tokyo Imperial College in engineering and went to work for Shibaura Saisakusho the forerunner of Toshiba. He made a visit to the USA the place he researched malleable forged iron. When he returned to Japan he established the Tobata Foundry in 1909 which is understood now because the Hitachi Metals firm.
In 1928 Yoshisuke Aikawa grew to become the president of Kuhara Mining Firm, now the Nippon Mining & Metals Firm. He created a holding firm referred to as Nihon Sangyo or Nissan for brief. Within the inventory market growth following 1931, Aikawa purchased majority shareholdings in over 100 subsidiary firms of Nissan to create the Nissan Konzerne. This group included among the most technologically superior firms in Japan at the moment.
In 1937 he moved to Manchukuo and ultimately moved the headquarters of Nissan to Manchukuo the place it grew to become a part of the Manchurian Industrial Improvement Firm. As president and chairman, he guided all industrial efforts in Manchukuo and obtained financial institution loans from American metal industrialists to help the Manchukuo financial system.
Yoshisuke Aikawa was not in settlement with the political opinions of the Imperial Japanese Military and predicted that Nazi Germany can be defeated if a common struggle broke out. He additionally supported the Fugu Plan to settle Jewish refugees in Manchukuo. Pressured by the Kwantung Military, Aikawa resigned as chairman in 1942 and moved again to Japan. After the give up of Japan, Yoshisuke Aikawa was arrested by the American occupation authorities and imprisoned within the Sugamao Jail for twenty months as a Class A struggle crimes suspect. He was freed however throughout this time the Nissan zaibatsu had been dissolved.
After he was launched, Yoshisuke Aikawa performed a key position within the put up struggle financial reconstruction of Japan and bought a industrial financial institution to arrange loans to small firms. The zaibatsu was reformed into Nichiyo-kai, Nissan Group.
Nissan Motors was a small aspect enterprise for Nissan Group in comparison with the core actual property enterprise. Throughout the true property crash of the Nineties the Nissan Group shed nearly all of its actual property gave Nissan Motors extra independence particularly after Renault SA purchased a 39% stake. The turnaround of Nissan will be attributed to the CEO Carlos Ghosn who was put in in 1999. He indifferent Nissan Motors from the Nissan keiretsu connections and debt.
Yoshisuke Aikawa died in 1967 of gall bladder irritation and is buried in Tama Cemetery exterior Tokyo.