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Modern Day Example of Keiretsu

Keiretsu is a Japanese term that refers to a group of companies that are interlinked through crossholdings, joint ventures, and other business relationships. This business model was widely used in Japan during the post-World War II era and was instrumental in helping Japanese firms to grow and become global leaders. A modern-day example of a keiretsu can be seen in the relationship between several companies in the electronics industry in Japan. The following is an overview of one such keiretsu and how it operates. The Sony Keiretsu: Sony Corporation is a Japanese multinational conglomerate corporation headquartered in Tokyo. Sony is known for its consumer electronics, gaming, entertainment, and financial services. The company has several crossholdings with other Japanese firms, which form the Sony keiretsu. One of the key companies in the Sony keiretsu is Sony Financial Holdings Inc., which provides financial services such as insurance and banking. Another important member of the...