Nisshinbo Holdings

Nisshinbo Holdings Inc. (日清紡ホールディングス株式会社, Nisshinbō Hōrudingusu Kabushiki-gaisha) is a Japanese company formerly listed on the Nikkei 225.[4] It has a diverse line of businesses that include electronics, automobile brakes, mechatronics, chemicals, textiles, papers and real estate.

Nisshinbo Holdings Inc.
Native name
日清紡ホールディングス株式会社
TypePublic (K.K)
TYO: 3105
ISINJP3678000005
IndustryDiversified industrials
Founded(February 5, 1907 (1907-02-05))
Headquarters
Nihonbashi, Chuo-ku, Tokyo 103-8650
,
Japan
Area served
Worldwide
Key people
Masahiro Murakami
(President)[1]
Products
ServicesLeasing and selling of real estate
RevenueIncrease JPY 533.9 billion (FY 2015) (US$ 4.64 billion) (FY 2015)
Decrease JPY 10.7 billion (FY 2015) (US$ 93.7 million) (FY 2015)
Number of employees
21,112 (as of December 31, 2021)
WebsiteOfficial website
Footnotes / references
[2][3]

History

Nisshinbo was established in 1907 as a cotton spinning business, Nisshin Cotton Spinning Co., Ltd. (日清紡績株式会社). It changed its English name to Nisshin Spinning Co., Ltd. in 1962.[5]

In the wake of World War II, Nisshin began to add non-textile segments to its business. Textiles accounted for 90% of its sales in 1960 but only 67% in 1980 and less than half by 1990.[6] During these years, Nisshinbo was part of the Fuyo Group keiretsu headed by Fuji Bank.[7]

In 2009, it adopted a holding company structure and renamed its parent company as Nisshinbo Holdings Inc.[5]

Products

Nisshinbo's textiles business remains active in the development of non-iron fabric, non-woven fabric and elastomers.[8] In 2015 it acquired Tokyoshirts, the largest men's shirt manufacturer/retailer in Japan.[9]

Nisshinbo's electronics business is focused on semiconductors and wireless equipment.[10] It manufactures drum brakes, disc brakes and friction materials for cars and trucks,[11] as well as toilet paper, wrapping paper, printer paper and other paper products.[12] In 2011 the company acquired TMD Friction and the combined business became the world's largest automotive brake friction manufacturer.[13]

Nisshinbo also operates a real estate arm, Nisshinbo Urban Development, which redevelops former Nisshinbo industrial properties for commercial and residential use.[14]

References
  1. Masahiro Murakami President, Nisshinbo Holdings Inc / Bloomberg
  2. "Corporate Profile". Nisshinbo Holdings. Retrieved February 13, 2017.
  3. "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved February 13, 2017.
  4. "Components:Nikkei Stock Average (Nikkei 225)". Nikkei Inc. Archived from the original on November 14, 2016. Retrieved February 13, 2017.
  5. "History". Nisshinbo Holdings. Retrieved September 8, 2015.
  6. "Transition of Business Portfolio". Nisshinbo Holdings. Retrieved September 8, 2015.
  7. Watkins, Thayer. "Fuyo Group, the Hibiscus Keiretsu". San Jose State University. Retrieved September 8, 2015.
  8. "Textiles". Nisshinbo Holdings. Retrieved September 8, 2015.
  9. "Nisshinbo to buy Japan's largest shirt retailer". Nikkei Asian Review. February 27, 2015. Retrieved September 8, 2015.
  10. "Electronics". Nisshinbo Holdings. Retrieved September 8, 2015.
  11. "Automobile Brakes". Nisshinbo Holdings. Retrieved September 8, 2015.
  12. "Papers". Nisshinbo Holdings. Retrieved September 8, 2015.
  13. "Nisshinbo buys TMD, creates worlds largest auto brake friction company". Canadian Manufacturing. Annex Business Media. September 26, 2011. Retrieved February 13, 2017.
  14. "Real Estate". Nisshinbo Holdings. Retrieved September 8, 2015.
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