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 listed on the Nikkei 225.[1] It has a diverse line of businesses that include electronics, automobile brakes, mechatronics, chemicals, textiles, papers and real estate.

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.[2]

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.[3] During these years, Nisshinbo was part of the Fuyo Group keiretsu headed by Fuji Bank.[4]

In 2009, it adopted a holding company structure and renamed its parent company as Nisshinbo Holdings Inc.[2]

Products

Nisshinbo's textiles business remains active in the development of non-iron fabric, non-woven fabric and elastomers.[5] In 2015 it acquired Tokyoshirts, the largest men's shirt manufacturer/retailer in Japan.[6]

Nisshinbo's electronics business is focused on semiconductors and wireless equipment.[7] It manufactures drum brakes, disc brakes and friction materials for cars and trucks,[8] as well as toilet paper, wrapping paper, printer paper and other paper products.[9]

Nisshinbo also operates a real estate arm, Nisshinbo Urban Development, which redevelops former Nisshinbo industrial properties for commercial and residential use.[10]

References

  1. ↑ "Nikkei Constituents". NIKKEI. Retrieved November 11, 2010.
  2. 1 2 "History". Nisshinbo Holdings. Retrieved 8 September 2015.
  3. ↑ "Transition of Business Portfolio". Nisshinbo Holdings. Retrieved 8 September 2015.
  4. ↑ Watkins, Thayer. "Fuyo Group, the Hibiscus Keiretsu". Retrieved 8 September 2015.
  5. ↑ "Textiles". Nisshinbo Holdings. Retrieved 8 September 2015.
  6. ↑ "Nisshinbo to buy Japan's largest shirt retailer". Nikkei Asian Review. 27 February 2015. Retrieved 8 September 2015.
  7. ↑ "Electronics". Nisshinbo Holdings. Retrieved 8 September 2015.
  8. ↑ "Automobile Brakes". Nisshinbo Holdings. Retrieved 8 September 2015.
  9. ↑ "Papers". Nisshinbo Holdings. Retrieved 8 September 2015.
  10. ↑ "Real Estate". Nisshinbo Holdings. Retrieved 8 September 2015.
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