Taihei Corporation founded in Kitahama, Osaka,
capitalized at 2.5 million yen.
Tokyo Branch (now Tokyo Head Office) also opened.
“The time is coming when trading companies will lead manufacturers. Manufacturers will need direct connections with their own specialized trading companies if they want to follow their own course.” This idea, conceived by Chohei Asada, the sixth president of Kobe Steel, gave birth to Taihei Corporation (precursor to Shinsho Corporation), the first manufacturer-affiliated trading company in postwar Japan.
Nagoya Office (now Nagoya Branch Office) opened.