He made efforts to establish instititions such as Osaka Stock Exchange (present Osaka Securities Exchange) the Osaka Chamber of Commercial Law (present the Osaka Chamber of Commerce and Industry, the first chairman was Tomoatsu GODAI), and Osaka Commercial Training Institute (present Osaka City University and Osaka Municipal Tennoji Business High School), and companies such as Osaka Seido (copper metallurgy company), Kansai Boeki (trading company), Kyodo Unyu (transporting company), Kobe Sanbashi (shipping company), Osaka Shosen (shipping company), and Hankai Railway (present Nankai Electric Railway Co., Ltd.).
大阪株式取引所（現・大阪証券取引所）、大阪商法会議所（現・大阪商工会議所、初代会頭は五代友厚）、大阪商業講習所（現・大阪市立大学、大阪市立天王寺商業高等学校）、大阪製銅、関西貿易社、共同運輸会社、神戸桟橋、大阪商船、阪堺鉄道（現・南海電気鉄道）などの設立に関わった。