ABSTRACT
The Japanese market share strategy may be all-powerful, as one puts it, but the idea of using tactics of mergers and acquisitions and other forms of corporate consolidation as a means of competition is not very popular, relatively speaking. Yoshida Industries reportedly has been providing its retailers with inventory insurance on a consistent basis since World War. Soon rivals follow suit, resulting in an intensive service competition among manufacturers. Then it is reflected in the competition on the retail level. Sumitomo, one of Japans typical financial and industrial conglomerates, made the slogan Never chase quick profits a company groups precept before World War, and the group executives are known to have repeated this phrase literally all the time. With a strong paternalistic orientation for employee security and other worker benefits, Japanese employers are much more obsessed with market share-its relative size and long-term growth potential-than short-term profits or dividends.
