Nisshinbo Holdings

Japanese company

Electronic components
Friction materials and brake assemblies
Chemicals
Textiles
Mechatronic products

ServicesLeasing and selling of real estateRevenue

JPY 533.9 billion (FY 2015) (US$ 4.64 billion) (FY 2015)

Net income

JPY 10.7 billion (FY 2015) (US$ 93.7 million) (FY 2015)

Number of employees

21,112 (as of December 31, 2021)WebsiteOfficial websiteFootnotes / 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 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]

References

^ Masahiro Murakami President, Nisshinbo Holdings Inc / Bloomberg
^ "Corporate Profile". Nisshinbo Holdings. Retrieved February 13, 2017.
^ "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved February 13, 2017.
^ "Components:Nikkei Stock Average (Nikkei 225)". Nikkei Inc. Archived from the original on November 14, 2016. Retrieved February 13, 2017.
^ ^a ^b "History". Nisshinbo Holdings. Retrieved September 8, 2015.
^ "Transition of Business Portfolio". Nisshinbo Holdings. Retrieved September 8, 2015.
^ Watkins, Thayer. "Fuyo Group, the Hibiscus Keiretsu". San Jose State University. Retrieved September 8, 2015.
^ "Textiles". Nisshinbo Holdings. Retrieved September 8, 2015.
^ "Nisshinbo to buy Japan's largest shirt retailer". Nikkei Asian Review. February 27, 2015. Retrieved September 8, 2015.
^ "Electronics". Nisshinbo Holdings. Retrieved September 8, 2015.
^ "Automobile Brakes". Nisshinbo Holdings. Retrieved September 8, 2015.
^ "Papers". Nisshinbo Holdings. Retrieved September 8, 2015.
^ "Nisshinbo buys TMD, creates worlds largest auto brake friction company". Canadian Manufacturing. Annex Business Media. September 26, 2011. Retrieved February 13, 2017.
^ Murakami, Masahiro (November 9, 2023). "https://www.nisshinbo.co.jp/nish/english/news/pdf/news20231109_1_en.pdf" (PDF). Nisshinbo Holdings Inc. Retrieved January 10, 2023. {{cite web}}: External link in |title= (help)
^ "Real Estate". Nisshinbo Holdings. Retrieved September 8, 2015.