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The case is about keiretsu, a unique Japanese management and holding structure that was established after World War II. The case examines what a keiretsu is, how this unique structure emerged, the advantages that this structure provided to Japanese companies and the contribution of keiretsu to the growth of the Japanese economy. The case also explains the drawbacks of the keiretsu system and the reasons for its decline in the 1990s. The case also looks carefully at the reasons for the burst of the Japanese stock market 'bubble' and its effect on the keiretsus, as well as the other reasons for the decline of keiretsus.