The university traces its origin back to the companies founded by Momosuke Fukuzawa.
These companies consist of the Great Consolidated Electric Power Company, Limited (current: Kansai Electric Power Company and Chubu Electric Power Co., Inc.), the Nisshinbo Industries, Toho Gas Co., Ltd., Daido Steel Co., Ltd., Toagosei and Nagoya Railroad Co., Ltd. (Meitetsu), etc.
The president of Daido Steel, Yoshio Shimoide (a member of the Japanese Diet), was inspired by his concept.
Responding to strong demand in Nagoya's industrial companies (such as Daido Steel, Chubu Electric Power and Nagoya Railroad), the Daido Institute of Technology was established in 1962.
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