Succeeding Against Odds, Courting Collapse: How Mitsubishi Shipbuilding and Kawasaki Dockyard Managed the Post-WWI Slump

Takao Shiba

doi:10.5029/jrbh1984.2.100

Takao Shiba

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JOURNAL FREE ACCESS

1986 Volume 2 Pages 100-118

DOI https://doi.org/10.5029/jrbh1984.2.100

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Published: March 15, 1986 Received: - Available on J-STAGE: June 28, 2010 Accepted: - Advance online publication: - Revised: -
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Date of correction: June 28, 2010 Reason for correction: - Correction: CITATION Details: Right : 1)Takeaki Teratani,Nihon Kindai Zosenshi Josetsu(History of the Shipbuilding Industry),Gannando,1979,p.393.
2)This company was organized in1919by the investment in11ships owned by Kawasaki Dockyard.Kawasaki Kisen50Nenshi(50-Year History of Kawasaki Steamship),1966,p.33.
3)For details,see Kazuo Sugiyama,“Zosen Kinyushi no Ichikosatu”(A Study of the Development of the Finance of Shipbuilding Industry),Kinyu Keizai(The Journal of Financial Economics),Kinyu-Keizai Kenkyusho(The Institute for Banking and Financial Research Ihc.)Vol.100,1966.
4)On this occasion,Yamashlta Kisen acquired about40%of stock issued by Uraga Dock.Nobuo Wakiyama,“Daiichiji Sekaitaisengo Fukyoki no Wagakuni Zosengyo (IV)”(Japanese Shipbuiding Industry in the Depression Era after World War I),Kaijikeizai Sangyo Kenkyujoho(Bulletin of the Institute for Maritime Economy),No.52,pp.18-22.
5)In1917Nihon Yusen accepted30,000newly issued shares of Yokohama Dock and turned it into a susidiary.Teratani,op.cit.,pp.349-371.
6)In a little different form,Mitsui Bussan also had shipbuilding division to supply the company with all ships used for the company's business.Mitsui Senpaku,Sogyo80Nenshi(80-Year History of Mitsui Shipping Company),1958,pp.521-550.
7)About40%of orders Uraga Dock accepted after the war came from Yamashita Kisen.Wakiyama,op.cit.,p.22.
8)Takao Shiba,“Taishoki Kigyokeiei no Takakuteki Kakudaishiko to so no Zasetsu,”(The Intention of the Diversified Expansion of Business Management in Taisho Era and its Frustration:The Case of Kawasaki Dockyard),Osaka Daigaku Keizaigaku(The Economic Review of Osaka University),Vol.21,1971,p.104.
9)Haruki Watsuji,Fune no Omoide(Memories of Ships),Kobunsha,1948,pp.206-209.
10)Nihon Yusen,70Nenshi(70-Year History),1956,PP.158-159.
11)Yasuo Mishima,ed.,Mitsubishi Zaibatsu(Mitsubishi Zaibatsu:Series of Buslness Histories of the Japanese Zaibatsu),Nihon Keizai Shinbunsha,1981,p.336.
12)Nihon Yusen,op.cit.,pp.158-159.
13)Ibid.,pp.158-159.
14)Osaka Shosen Kabushiki Kaisha,50Nenshi(50-Year History of O.S.K.)1934,pp.409-415.
15)Ibid,,pp.409-415.
16)Mishima,op.cit.,pp.201-204.
17)Computed from Nihon Kinsei Zosenshi:Taisho Jidai(The Modern History of Japanese Shipbuilding Industry:Taisho Era),1935,PP.52-59;showa Zosenshi(The History of the Shipbuiding Industry in Showa Era),1977,PP.776-792,818-843.
18)The number of battleships built at the Navy Shipyard in the same period was54(192.480displacement tons),ibid.
19)Eiichi Kaneko,Zosen(Shipbuilding),Kojunsha,1964,p.206.
20)Kaigun Daijin Kanbo,ed.,Kaigun Gunbi Enkaku(Changes in Armament of the Navy),Gamando,1969,p.121.
21)Mitsubishi Denki Shashi(The History of Mitsubishi Electric Corporation),1981,P.17.
22)The Second Business Report of Mitsubishi Zosen,P.6.
23)The amount of investment in the second half of1918was about11.1milion yen in which7.4milion yen was for the facilities at Nagasaki.The Annual Repor of Mitsubish&Company for1918.
24)Shiba,op.cit.,P.111.
25)Ibid.,pp.111-117.
26)Kawasaki Kisen,Kokusai Kisen and the Shipping Division of Kawasaki Dockyard joined together to form so called K Line for ocean lines.They had 101Ships(504,000gross tons)and became the second largest enterprise next to Nihon Yusen.Kawasaki Kisen50Nenshi,p.47.
27)The51st Business Report of Kawasaki Dockyaid Company.
28)Papers at Kawasaki Jukogyo Kabushiki Kaisha.
29)Computed from the45th-50th Business Rport of Kawasaki Dockyard Company and Kawasaki Zosensho,The Minutes of the52nd General Meeting of Stockholders.
30)The4 7th Business Repor of Kawasaki Dockyard Company.
31)The 46th Business Repor of Kawasaki Dockyard Company.
32)For the details of the process of the fomation of Kokusai Kisen,see Shiba,op.cit.,pp.113-116.
33)The 48th Business Report of Kawasaki Dockyard Company.
34)The 4th Business Report of Mitsubishi Shipbuilding and Engineering Company.
35)By that time Mitsubishi Shipbuiding was operating as the shipbunding division of Mitsubishi Goshi Kaisha(Mitsubishi Limited Partnership,Mitsubishi&Co.).
36)When Mitsubishi Shipbuilding became an independent business unit,it had about31.3milion yen in the form of either cash or deposit.The 1st Business Report of Mitsubishi Shibuilding and Engineering Company.
37)The 52nd Business Report of Kawasaki Dockyard Company.
38)From this amount,3milion yen was to be used for advance pay-ments to contract in future.The53rd Beport of Kawasaki Dockyard Company.
39)The51st-52nd Business Report of Kawasaki Dockyard Company.
40)Papers at Mitsubishi Jukogyo Kabushiki Kaisha
41)Mitsubishi Nagasaki Zosenshoshi:Zoku(The History of Mitsubishi Nagasaki Shipyard II),1951,p.37.
42)Shin Mitsubishi Kobe Zosensho50Nenshi(50-Year History of Shin Mitsubishi Kobe Shipyard),1957,p.21.
43)Mitsubishi Jukogyo Kabushiki Kausga Shashi(The History of Mitsubishi Heavy-Industry),1956,pp.290-292.
44)Mitsubishi Denki Shashi,p.25.
45)The 8th and 18th Business Report of Mitsubishi Shipbuiding and Engineering Company.
46)Shiba,op.cit.,P.127.
47)The53rd Business Report of Kawasaki Dockyard Company.
48)Kawasaki Jukogyo Kabushiki Kaisha Shashi,p.912.
49)Takao Shiba,“Kinyukyokoki ni okeru Keieisenryaku no Hatan to so no Seiri,”(The Collapse of Business Strategy and its Settlement in the Monetary Crisis),Keiei Shigaku(Japan Business History Review),Vol.15,No.1,1980,pp.33-34.
50)The5th-18th Business Report of Mitsubishi Shipbuilding and Engineering Company.
51)Mitsubishi Jukogyo Kabushiki Kaisha Shashi,p.450,527.
52)Osaka Shosen Kabushiki Kaisha 80 Nenshi(80-Year History of O.S.K.),1966,p.514.
53)Kawasaki Jukogyo Kabushiki Kaisha Shashi,pp.382-388.
54)See Shiba,“Kinyu Kyokoji ni okeru Keieisenryau no Hatan to so no Seiri.”
55)Kazuo Sugiyama,Kaiungyo to Kinyu(Shipping and Finance:Fund Raising in a Depression),Nihon

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