Yes, that is what I'm saying. Kristallnacht showed only the chosen "were allowed to own their own businesses." Industries that did not conform to Nazi intent were nationalized.
As to the finer points of compensation, I am ignorant. But I'm guessing that by 1939, any sort of profits were indeed effectively confiscated for the war effort. A very few embezzling Nazis made it out of the country with lucre, but most industry was destroyed and leadership died.