Historiography: 100 Years of "Zoom-Zoom"

One of the new zaibatsu began in Hiroshima on January 30, 1920. The Toyo Cork Kogyo Company opened up for business. It began as a manufacturer of cork items and machine tools to help prop up the growing industrial might of Japan. The fledgling company had its struggles through the 1920s, renaming itself as Toyo Kogyo Co., Ltd. in 1927 while being bailed out by a local bank and other local businessmen after dipping into bankruptcy.