ervin.deguzman

Last issue, we discussed our financial subsidiary adjustment This adjustment helps rectify the incongruence in balance sheet accounting between operating companies and their bank likefinancial subsidiaries For a bank, its assets are akin to a normal operating company’s liabilities and vice versa This is because traditional loans (which represent liabilities to a retail company, as [...]

Mitsubishi Group is a classic Japanese conglomerate. Also known as “Keiretsu” in Japanese, it is a series of cross-share holdings that form a complicated corporate structure under a single business group.