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46	46	In 1884, Yataro Iwasaki, the founder of Mitsubishi, leased the Nagasaki Seitetsusho from the Japanese government, renamed it the Nagasaki Shipyard & Machinery Works and entered the shipbuilding business on a large scale. Iwasaki purchased the shipyards outright in 1887. In 1891, "Mitsubishi Heavy Industries - Yokohama Machinery Works" was started as Yokohama Dock Company, Ltd. Its main business was ship repairs, to which it added ship servicing by 1897.
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48		-Nagasaki Shipyard & Machinery Works was later turned into Mitsubishi Shipbuilding Co., Ltd., and then launched as Mitsubishi Heavy-Industries, Ltd. in 1934, manufacturing ships, heavy machinery, airplanes, and railroad cars.
	48	+Nagasaki Shipyard & Machinery Works was later turned into Mitsubishi Shipbuilding Co., Ltd., and then launched as Mitsubishi Heavy-Industries, Ltd. in 1934, manufacturing ships, heavy machinery, airplanes, and railroad cars. Following the World War II, the Japanese government took an initiative to dismantle large industrial groups (//zaibatsu//), MHI was divided into three independent and competing companies. Thus, in 1950, MHI was divided into three entities: West Japan Heavy-Industries, Ltd., Central Japan Heavy-Industries, Ltd. and East Japan Heavy-Industries, Ltd. The three companies later consolidated in 1964 and reborn as Mitsubishi Heavy Industries, Ltd.
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	50	+In 1970, MHI's automobile department became independent and Mitsubishi Motors Corporation began manufacturing and marketing automobiles. The 1973 oil crisis marked the end of Japan's rapid economic growth and had a major impact on MHI's business, particularly in shipbuilding. After that point, the company established an industrial machinery business and enjoyed steady expansion until Japan again entered a period of slow growth following the bursting of its economic bubble. During that period, Mitsubishi succeeded in launching rockets and expanded its business domains to include aerospace. The company continued to hone its leading-edge technologies, keeping its annual net sales around the ¥3 trillion level for approximately 30 years.
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