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Official Site: Nisshinbo.co.jp/english/
Wikipedia: Nisshinbo Holdings Page Sections History Article Index |
History
The following section is an excerpt from Wikipedia's Nisshinbo Holdings page on 6 October 2018, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
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. It has a diverse line of businesses that include electronics, automobile brakes, mechatronics, chemicals, textiles, papers and real estate.
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.
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. During these years, Nisshinbo was part of the Fuyo Group keiretsu headed by Fuji Bank.
In 2009, it adopted a holding company structure and renamed its parent company as Nisshinbo Holdings Inc.
Nisshinbo's textiles business remains active in the development of non-iron fabric, non-woven fabric and elastomers. In 2015 it acquired Tokyoshirts, the largest men's shirt manufacturer/retailer in Japan.
Nisshinbo's electronics business is focused on semiconductors and wireless equipment. It manufactures drum brakes, disc brakes and friction materials for cars and trucks, as well as toilet paper, wrapping paper, printer paper and other paper products. In 2011 the company acquired TMD Friction and the combined business became the world's largest automotive brake friction manufacturer.
Nisshinbo also operates a real estate arm, Nisshinbo Urban Development, which redevelops former Nisshinbo industrial properties for commercial and residential use.