Nisshinbo Holdings
Japanese company
From Wikipedia, the free encyclopedia
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.
| |
.jpg) Nisshinbo headquarters building in Tokyo | |
Native name | 日清紡ホールディングス株式会社 |
|---|---|
| Type | Public (K.K) |
| TYO: 3105 | |
| ISIN | JP3678000005 |
| Industry | Diversified industrials |
| Founded | February 5, 1907 |
| Headquarters | Nihonbashi, Chuo-ku, Tokyo 103-8650 , Japan |
Area served | Worldwide |
| Key people | Masahiro Murakami (President)[1] |
| Products | |
| Services | Leasing and selling of real estate |
| Revenue |  JPY 533.9 billion (FY 2015)
(US$ 4.64 billion) (FY 2015) |
 JPY 10.7 billion (FY 2015)
(US$ 93.7 million) (FY 2015) | |
Number of employees | 21,112 (as of December 31, 2021) |
| Website | Official website |
| Footnotes [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] It sold TMD Friction again in 2023.[14]
Nisshinbo also operates a real estate arm, Nisshinbo Urban Development, which redevelops former Nisshinbo industrial properties for commercial and residential use.[15]
