Manchurian Industrial Development Company

The Manchurian Industrial Development Company (満州重工業開発, Manshū Jukōgyō Kaihatsu Kabushiki Kaisha, or Mangyō^?) (Hanyu Pinyin: Mǎnzhōu Zhònggōngyè Kāifā Zhūshì Huìshè; Wade–Giles: Man-chou Chung-kung-yeh K'ai-fa Chu-shih Hui-she) was an industrial conglomerate, or zaibatsu, in the Japanese controlled Empire of Manchukuo, established at the instigation of the Imperial Japanese Army to further the industrialization of Manchukuo, and in particular, to make it self-sufficient in strategic heavy industries.

Following on the economic success of the South Manchurian Railway Company, and its various subsidiaries, such as the Showa Steel Works, ideological and economic planners from the Kwantung Army developed a comprehensive plan for the future economic and industrial development of Manchukuo per a state socialist model with a command economy. Prominent Japanese entrepreneur and technocrat, Yoshisuke Aikawa, the founder of the Nissan zaibatsu was invited to Manchukuo and asked to establish the Manchukuo Industrial Development Company, a joint venture owned 50% by Nissan and 50% by the Manchukuo government, which would oversee the central plan.

The original plan under Naoki Hoshino and other Army planners envisioned a syndicalist economy, with the military allocating monopolies of one firm per industry. From 1932, the Japanese military had created 26 new companies, ranging from automobiles, aircraft, oil refining, shipping, etc.

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