Nomura Zaibatsu

Japanese: 野村財閥 - のむらざいばつ

One of the new zaibatsu that developed from the early Showa period through World War II, centered on financial capital. In 1906, the second generation Nomura Tokushichi closed the family business of money exchange and established Nomura Kabushiki-ten. After the Russo-Japanese War, he made huge profits through speculation, and in 1912, it was reorganized as Nomura Shoten. In 1913, he established Osaka Nomura Bank (capital 10 million yen), and thereafter expanded into various fields other than finance, such as textile industry and hotel industry. In 1922, with investment from the family, he established Nomura General Partnership as the umbrella company for the subsidiaries. In 1925, he separated the securities division and established Nomura Securities, and further established Nomura Trust and Nomura Life Insurance. Around the time of the Sino-Japanese War, the company developed into a zaibatsu centered on financial capital, with Nomura General Partnership as the core, including banking, trust, and life insurance, but the industrial sector was weak apart from Fukushima Spinning and Osaka Gas. Although it was dissolved after World War II, Nomura Bank changed its name to Daiwa Bank and grew into a mid-sized city bank, while Nomura Securities has grown into a leading company in its industry.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

金融資本を中心とし昭和初期から第2次世界大戦中に発展した新興財閥の一つ。 1906年2代目野村徳七が家業の両替店を廃止して野村株式店を創業，日露戦争以後投機で巨利を収め，17年野村商店に改組。 18年大阪野村銀行 (資本金 1000万円) を設立，その後金融部門以外にも繊維工業，ホテル業など多分野に進出。 22年一族の出資により野村合名会社を設立して傘下企業の統轄会社とし，25年証券部門を分離して野村證券設立，さらに野村信託，野村生命などを設立し，日中戦争前後に野村合名会社を中核に銀行，信託，生命保険など金融資本を中心とした財閥に発展したが，産業部門は福島紡績，大阪瓦斯のほかは貧弱であった。第2次世界大戦後解体されたが，野村銀行は大和銀行と改称し中堅都市銀行として，野村證券は業界のトップ企業として成長している。

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