By 1921, Matsuda had accumulated significant wealth owing to his previous business ventures. He moved back to
Hiroshima after he was asked to take over management of floundering artificial cork manufacturer , which was placed into receivership by its creditors when the market for artificial cork dried up following the end of
World War I. manufactured in what is now the city of
Fuchū and the company, now known as , would concentrate on motor vehicle manufacturing.
World War II and aftermath In August 1945, the Toyo Kogyo headquarters in Hiroshima sustained heavy damage in the
atomic bombing of Hiroshima, which was carried out by the
United States against
Imperial Japan in the closing stages of
World War II. The Fuchū plant, located over from the epicentre of the
nuclear explosion, was left relatively unscathed; Matsuda offered its usage for the Hiroshima bureau of the
Japan Broadcasting Corporation. During the
Allied occupation of Japan, Matsuda was not accused nor formally charged of being a
war conspirator, and a revitalized Toyo Kogyo was the main driving force behind repairing the damaged economy of Hiroshima in the
aftermath of World War II. In 1950, Toyo Kogyo provided the start-up for a baseball team, the
Hiroshima Carp (
Baseball in Japan was introduced in 1872 and is Japan's most popular sport). His adopted son-in-law, Tsuneji Matsuda, succeeded him as president of Toyo Kogyo The alliance with Ford Motor Company led to the divestiture of shares from the Matsuda family and the change of Toyo Kogyo into
Mazda Motor Corporation in 1984; the Matsuda family still owns a controlling interest in the Hiroshima Toyo Carp. ==Death and legacy==