Like all haciendas and tabacaleras in the Philippines, the Hacienda Luisita continued to operate during the Japanese occupation.
Tabacalera’s incorporators were the Sociedad General de Crédito Inmobiliario Español, Banque de Paris which is now Paribas and Bank of the Netherlands which is now ABN-AMRO.
The Spanish-Filipino administrators simply placed their subordinates, Japanese journeymen (who, like many impoverished Chinese immigrants from Fujian fled south to the Philippines for a better life) and Korean stevedores working as machinists in the centrifugal system, to the helm.
This kept both the Japanese and the Spanish in good terms as both their interests were protected.
Some like Honorio Ventura (who paid for Diosdado Macapagal’s schooling), the De Leóns, Urquicos, Lazatíns and the González did just that--- which is how PASUDECO came into being.
Structurally, there was little change in the hacienda; Tabacalera y Compañía positioned Spanish-Filipino and American-Filipino encargados and administradores to manage the vast estate.