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Nisshinbo Holdings

From Wikipedia, the free encyclopedia
Japanese company

Nisshinbo Holdings Inc.
Nisshinbo headquarters building in Tokyo
Native name
日清紡ホールディングス株式会社
Company typePublic (K.K)
TYO:3105
ISINJP3678000005
IndustryDiversified industrials
Founded(February 5, 1907; 118 years ago (1907-02-05))
Headquarters,
Japan
Area served
Worldwide
Key people
Masahiro Murakami
(President)[1]
Products
ServicesLeasing and selling of real estate
RevenueIncreaseJPY 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]

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 theNikkei 225.[4] It has a diverse line of businesses that include electronics, automobile brakes,mechatronics, chemicals, textiles, papers and real estate.

History

[edit]

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

In the wake ofWorld 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 theFuyo Groupkeiretsu headed byFuji Bank.[7]

In 2009, it adopted aholding company structure and renamed its parent company asNisshinbo Holdings Inc.[5]

Products

[edit]

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

Nisshinbo's electronics business is focused onsemiconductors andwireless equipment.[10] It manufacturesdrum brakes,disc brakes and friction materials for cars and trucks,[11] as well astoilet paper,wrapping paper,printer paper and other paper products.[12] In 2011 the company acquiredTMD 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]

References

[edit]
  1. ^Masahiro Murakami President, Nisshinbo Holdings Inc / Bloomberg
  2. ^"Corporate Profile". Nisshinbo Holdings. RetrievedFebruary 13, 2017.
  3. ^"Company Profile".Nikkei Asian Review.Nikkei Inc. RetrievedFebruary 13, 2017.
  4. ^"Components:Nikkei Stock Average (Nikkei 225)". Nikkei Inc. Archived fromthe original on November 14, 2016. RetrievedFebruary 13, 2017.
  5. ^ab"History". Nisshinbo Holdings. RetrievedSeptember 8, 2015.
  6. ^"Transition of Business Portfolio". Nisshinbo Holdings. RetrievedSeptember 8, 2015.
  7. ^Watkins, Thayer."Fuyo Group, the Hibiscus Keiretsu".San Jose State University. RetrievedSeptember 8, 2015.
  8. ^"Textiles". Nisshinbo Holdings. RetrievedSeptember 8, 2015.
  9. ^"Nisshinbo to buy Japan's largest shirt retailer".Nikkei Asian Review. February 27, 2015. RetrievedSeptember 8, 2015.
  10. ^"Electronics". Nisshinbo Holdings. RetrievedSeptember 8, 2015.
  11. ^"Automobile Brakes". Nisshinbo Holdings. RetrievedSeptember 8, 2015.
  12. ^"Papers". Nisshinbo Holdings. RetrievedSeptember 8, 2015.
  13. ^"Nisshinbo buys TMD, creates worlds largest auto brake friction company".Canadian Manufacturing. Annex Business Media. September 26, 2011. RetrievedFebruary 13, 2017.
  14. ^Murakami, Masahiro (November 9, 2023)."Notice regarding the Recording of Extraordinary Losses in Connection with the Transfer of the TMD Group"(PDF).Nisshinbo Holdings Inc. RetrievedJanuary 10, 2023.
  15. ^"Real Estate". Nisshinbo Holdings. RetrievedSeptember 8, 2015.

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