Nisshinbo Industries
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
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