1946

Restrictions on Financial Activities

Dissolution of “zaibatsu” (family-controlled financial groups) was an important part of the policy to promote democratization and demilitarization of Japan’s post-war economic structure. As Sumitomo Company went through a series of forced structural changes, the Company’s corporate financial activities (sales of property, borrowing of funds, transfer or dissolution of business, changes in capital and dividend, etc.) was also placed on severe restrictions from 1946 to 1949.