Nisshinbo Holdings

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Nisshinbo Holdings Inc.
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]

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.

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

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]

References

  1. ^ Masahiro Murakami President, Nisshinbo Holdings Inc / Bloomberg
  2. ^ "Corporate Profile". Nisshinbo Holdings. Retrieved February 13, 2017.
  3. 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. ^ a b "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. ^ 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. Retrieved January 10, 2023.
  15. ^ "Real Estate". Nisshinbo Holdings. Retrieved September 8, 2015.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Nisshinbo_Holdings&oldid=1229914657"