Fuji Speedway Corporation was established in 1963, as Japan NASCAR Corporation. At first, the circuit was planned to hold NASCAR-style races in Japan. The track was designed to be a high-banked superspeedway. There was not enough money to complete the project and only one of the banked turns was ever designed. Mitsubishi Estate Co. (a part of Mitsubishi) invested in the circuit. They took over the management rights on October 1965.