Nifco Inc.
Company Profile
■URL
■Address
5-3 Hikarinooka, Yokosuka-shi, Kanagawa Prefecture, 239-8560, Japan
Business Overview
-Consists of synthetic resin molded products, bedding and furniture, and other businesses.
-The Company holds the top market share in the domestic plastic fastener market.
Business Results Highlights
-The Company’s financial results for the fiscal year that ended in March 2023 are as follows.
Consolidated sales: JPY 321.8 billion (13.4% increase year-over-year)
Operating income: JPY 34.4 billion (12.8% increase year-over-year)
Ordinary income: JPY 37.9 billion (12.7% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 21.1 billion (7.8％ decrease year-over-year)
Shareholders
| -In April 2022, moved from the First Section of the Tokyo Stock Exchange to the Prime Market. | (As of Mar. 31, 2023) |
| Name or Company Name | Investment Ratio (%) |
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 23.57 |
| Ogasawara Holdings Co., Limited |
10.30 |
| Custody Bank of Japan, Ltd. (Trust Account) | 7.66 |
| GOLDMAN, SACHS & CO. REG | 6.12 |
| Nippon Life Insurance Company | 2.90 |
| THE BANK OF NEW YORK MELLON（INTERNATIONAL） LIMITED 131800 | 2.61 |
| The Dai-ichi Life Insurance Company, Ltd. |
2.05 |
| TAIYO FUND, L. P. | 1.83 |
| J.P. MORGAN BANK LUXEMBOURG S.A. 381572 | 1.57 |
| JAPAN POST INSURANCE Co., Ltd. | 1.33 |
| Total | 59.98 |
Products
Fasteners
-Push turn rivets
-Push rivets
-Anchor clips
-Box anchor clips
-Brush clips
-Trim clips
-Screw grommets
-Hole plugs
-Bands
-Band with clips
-Weather strip clips
-Linkage bushings
-Protectors
-Hood bumper rubbers
-Garnish clips
-Mat fasteners
-Connectors
-Bolt caps
-Scrivets
-Canoe clips
-Turn fasteners
-Push pull rivets
-Double clips
-Niflocks
-Pipe clamps
-Cable clips
-Purse locks
-Cable straps
-Rod holders
-Latches & Strikes
Dampers
-Gear dampers
-Axis dampers
-Air dampers
-Linear dampers
-Latches
-Middle-torque gear dampers
-Barrel dampers
Buckles
Car-mounted camera peripheral parts
-Camera brackets
-Camera covers
-Corner radar brackets
-Corner Radar Cover
-Corner Radar Protector
-Sonar brackets
-Clearance sonar retainers
-Front millimeter-wave radar brackets
Engine
-Engine oil separators
-Turbo ducts
-Quick connectors
-Cooling pipe
-Engine oil strainers
-Breather boxes
-Thrust washer/Receivers
-Baffle plate/Oil paths
-Oil control valve filter
-Actuator Inlet
Electric powertrain
-Pressure relief valves
-Battery spacers
-Hydrogen combined piping for FCVs
-Inlet/Outlet for FCVs
-Filter for FCVs
-Quick Connector
-Baffle Plate/Oil Catch Tank
-Filter/Strainer
-Cooling Pipe
-LID Module
-Breather
Interior
-Cup holders
-Overhead consoles
-Seat back tables
-Center console lids
-Glove compartments
-Assist grips
-Glove compartment dampers
-Inner handles
-Sunshades
-Tonneau covers
-Luggage handles
-Air vents
-Sun-visor holders
-Clip as alternatives to Hog rings
-Sunglass holders
-Tether clips
-Seat hooks
-Under-seat Space Items
-Luggage Compartment Products
Exterior
-Clips
-Clamps
-Fender seals
-Screw grommet
-Glass holders
-Cushion rubbers
-Shock absorbers
-Lid ｍodules
-Push lifters
-Hole plugs
-Energy absorbers
-Dust proofs
-Corner seals
-ECU brackets
-Bumper retainers
-Outer handles
-Back door handles
-Deflectors
-Aerodynamics
-Resin Bracket
-Quiet Products
-Plug Hole
Fuel
-Filters
-Inlet check valves
-Fill limit vent valves
-Combo valves
-Capless fillers
-Rollover valves
-Baffle plates
-Nipples
-Lock nuts
-Push lifters
Electrical components
-ECU boxes
-Power supply ports
History
| Feb. 1967 | Nichiei Bussan Co., Ltd and Illinois Tool Works, which is based in the USA, established Nihon Kogyo Fasteners in Chiyoda-ku, Tokyo. The new company and ITW concluded a technological assistance agreement. |
| Oct. 1967 | Built the Yokohama Plant (a comprehensive die casting and molding plant) and the Yokohama Office in Kohoku-ku, Yokohama City. Started manufacturing and sales. |
| Oct. 1969 | Built the Sagamihara Plant (a molding plant) in Sagamihara City. |
| Dec. 1970 | Transferred the headquarters to Minato-ku, Tokyo. Renamed the Company Nifco Inc. |
| May 1973 | Built the Totsuka Plant (a comprehensive die casting and molding pant) in Totsuka-ku, Yokohama City. Transferred the Yokohama Plant and the Yokohama business office there. |
| Jul. 1976 | The Totsuka Plant of the Yokohama Office obtained UL approval. |
| Dec. 1976 | Entered the electronics parts business. |
| Dec. 1976 | Established the Nagoya Plant (general die/molding plant) in Toyotashi, Aichi Pref. Transferred the Nagoya sales office to this new plant and established it as the Nagoya business office, the manufacturing and sales base for western Kansai. |
| Oct. 1977 | Acquired and merged Nichiei Bussan Co., Ltd. |
| Dec. 1977 | Transferred headquarters to Totsuka-ku, Yokohama. |
| Jul. 1979 | Listed on the Second Section of the Tokyo Stock Exchange. |
| Jul. 1980 | Established the new Utsunomiya Business Office, Utsunomiya Plant in the Hiraide Industrial Park, Utsunomiya. Transferred the Utsunomiya business office to these new facilities. |
| Sep. 1980 | Completed construction of the Sagamihara Business Office, Sagamihara Plant (general molding/die plant) (Miyashita Plant) |
| Apr. 1982 | Completed construction of the Utsunomiya Business Office in Kawachi-gun, Tochigi Pref. Transferred the Utsunomiya Business Office to these new facilities. |
| May 1983 | Established Taiwan Industrial Fastener Corporation (TIFCO), a joint venture in Taipei, Taiwan. |
| Mar. 1984 | Listed on the First Section of the Tokyo Stock Exchange. |
| Mar. 1984 | Constructed a new office building for the headquarters. |
| Jan. 1985 | Established Korean Industrial Fastener Corporation (KIFCO), a joint venture, in Kameo-shi, Korea. |
| Aug. 1985 | Listed on the First Section of the Osaka Stock Exchange. |
| Apr. 1986 | Established the new Hong Kong Business Office in Hong Kong. |
| Oct. 1986 | Established ITW Nifco, Inc., as joint venture, in Ohio, USA. |
| Jul. 1987 | Established Nifco Hong Kong Limited, a subsidiary in Hong Kong. At the same time, stopped operations of the Hong Kong Business Office. |
| Aug. 1987 | Established the Hiroshima Business Office in Hiroshima. Transferred the Hiroshima sales office to the new facilities. |
| Jun. 1986 | Listed on the First Section of the Nagoya Stock Exchange. |
| Nov. 1989 | Established Union Nifco Company Limited, a joint venture, in Bangkok, Thailand. |
| Feb. 1990 | Established JT Nifco, a joint venture in Yamagata City. |
| Mar. 1990 | Set up Tokyo branch office in Minato-ku, Tokyo. |
| Jul. 1990 | Acquired Elta Plastics Ltd, located in England. |
| Oct. 1990 | Established Nifco (Malaysia) Sdn. Bhd., a joint venture, in Selangor, Malaysia. |
| Mar. 1991 | Nifco (Malaysia) Sdn. Bhd. was renamed Nifco Hill (Malaysia) Sdn. Bhd. |
| Dec. 1991 | Established Kyusyu JT Nifco, a joint venture in Kikuchi, Kumamoto Pref. |
| Jul. 1995 | Established a subsidiary Nifco (Singapore) Pte. Ltd. in Singapore. |
| Nov. 1995 | Nifco Hill (Malaysia) Sdn. Bhd. was renamed Nifco Manufacturing (Malaysia) Sdn. Bhd. |
| Mar. 1996 | Established a subsidiary Shanghai Nifco Plastic Manufacturer Co., Ltd. in Shanghai, China. |
| Apr. 1996 | Established a subsidiary Nifco US Corporation in Ohio, U.S.A. |
| Jun. 1996 | The Sagamihara Plant was renamed the Yokohama Plant. |
| Dec. 1997 | Bought into the joint venture ITW Nifco Inc in Ohio, U.S.A. and then merged it with Nofco Us Corporation, the successor company. |
| Aug. 1998 | Nifco US Corporation renamed as Nifco Corporation. |
| Nov. 1999 | Made Nifco Corporation the Company's holding company, renaming it to Atherton Inc. Established a subsidiary, Nifco LLC, at the same time. |
| Nov. 1999 | Opened the Elta Plastics Ltd. office in Brussels, Belgium. |
| Nov. 1999 | The Yokohama Plant was renamed the Sagamihara Plant. |
| Sep. 2000 | US subsidiary, Nifco LLC. established a new plant in Canal Point, Ohio, US. |
| Apr. 2001 | Nifco Plastics Ltd. made into a subsidiary and acquired 4 companies of Spain's Acriplas Group. |
| Nov. 2001 | Nifco Plastics Ltd. was renamed Nifco U.K. Limited. |
| Nov. 2001 | Established Tifco (Dongguan) Co., Ltd. in Guangdong, China, which is a 50/50 joint venture with Taiwan Industrial Faster Corp. (TIFCO). |
| Feb. 2002 | Nifco Plastics Ltd. merged with the acquired 4 companies of Spain's Acriplas Group. Renamed Nifco Products Espagne SLU. |
| Feb. 2002 | Established a subsidiary Dongguan Nifco Co., Ltd. in Guangdong, China. |
| Jun. 2002 | Changed an affiliated company in Taiwan, Taiwan Industrial Fastener Corporation, to the Company's subsidiary by buying further shares in the company. |
| Jul. 2002 | Established a subsidiary Nifco Thailand Co., Ltd. in Chonburi, Thailand. |
| Feb. 2003 | Atherton Inc was renamed Nifco America Corporation. |
| Mar. 2003 | Decided to delist the Company from the Osaka and Nagoya Stock Exchanges. |
| Apr. 2003 | A holding company Atherton Inc. took over its 100% subsidiary Nifco LLC. and changed the name to Nifco America Corporation. |
| Nov. 2004 | Established a subsidiary Beijing Nifco Co., Ltd. in Tongzhou, Beijing, China. |
| Jan. 2005 | Established a subsidiary Kifco Vietnam., Ltd. in Tay Ninh, Vietnam. |
| Mar. 2005 | Turned affiliated companies JT Nifco Corporation and Kyushu JT Nifco Corporation into the Company's subsidiaries by increasing its stakes in both companies. |
| Feb. 2006 | Established a subsidiary Nifco Poland Sp.zo.o. in Swidnica, Poland. |
| Mar. 2007 | Established a subsidiary, Nifco North America Inc, in Kentucky, USA. |
| Jun. 2007 | Established a subsidiary, Nifco Deutschland GmbH in Eschborn, Germany. |
| Oct. 2007 | Korea Industrial Faster Corp. (KIFCO), a subsidiary of the Company in South Korea, was renamed Nifco Korea Inc. Taiwan Industrial Faster Corp. (TIFCO), a subsidiary of the Company in Taiwan, was renamed Nifco Taiwan Corp. |
| Nov. 2007 | Kifco Vietnam Limited, a subsidiary of the Company in Vietnam, was renamed Nifco Vietnam Limited. |
| Apr. 2008 | JT Nifco Inc. was renamed Nifco Yamagata Inc. Kyushu JT Nifco Inc. was renamed Nifco Kumamoto Inc. |
| Sep. 2008 | Bought additional shares in Union Nifco Co, Ltd., making it a subsidiary. |
| Oct. 2008 | Established a subsidiary, Nifco Korea USA Inc., in Alabama, USA. |
| Apr. 2009 | The Company's subsidiary, Nifco America Corporation, absorbed the operations of another subsidiary, Nifco North America Inc. |
| Jan. 2010 | Established a subsidiary, Nifco Tianjin Co. Ltd., in Tianjin, China. |
| Apr. 2010 | Established a subsidiary, Nifco Enterprise Management (Shanghai) Co., Ltd., in Shanghai, China. |
| Jun. 2010 | Established a subsidiary, Nifco India Private Ltd. in Gurgaon, India. |
| Jul. 2010 | Established a subsidiary, Nifco South India Manufacturing Private Ltd. in Chennai, India. |
| Nov. 2010 | Established a subsidiary, Nifco (Hubei) Co., Ltd. in Hubei, China. |
| Dec. 2010 | Established a subsidiary, Nifco Korea Poland Sp. z o.o. in Zory, Poland. |
| Jan. 2011 | Established a subsidiary, Nifco (Jiang Su) Co., Ltd. in Jiangsu, China. |
| May 2011 | Established PT Nifco Indonesia, a subsidiary in Jakarta, Indonesia. |
| Jun. 2011 | Established Nifco (Yancheng) Co., Ltd., a subsidiary in Yancheng, Jiangsu Province, China. |
| Jul. 2012 | Established Nifco Central Mexico S.de R.L.de C.V. in Irapuato, Mexico. |
| Mar. 2013 | Completed its Nifco Technology Development Centre in Yokosuka, Kanagawa Prefecture, Japan. |
| May 2013 | Acquired the German company KTS and its affiliated group companies. |
| May 2014 | Acquired the German company KTW and its affiliated group companies. |
| Jan. 2015 | Relocated headquarters to Yokosuka, Kanagawa Pref., Japan |
| Apr. 2015 | Established Nifco KTW America Corporation, a subsidiary in Georgia, USA. |
| Sep. 2015 | Established a subsidiary, Nifco (Chongqing) Limited Liability Company, in Chongqing, China. |
| Aug. 2016 | Constructed new explosion-proof and testing buildings in Yokosuka, Kanagawa Prefecture. |
| Nov. 2018 | Tokyo office relocated within Minato-ku, Tokyo. |
| Dec. 2018 | Established Nifco Kita-Kanto Co., a subsidiary, in Minato-ku, Tokyo. |
| May 2019 | Relocated the headquarters of Nifco Kumamoto Co., Ltd. to Kikuchi, Kumamoto Prefecture. |
| Jul. 2019 | Nifco KTW GmbH merged the operations of Nifco KTS GmbH and changed the company name to Nifco Germany GmbH. |
| Dec. 2019 | Relocated the headquarters of Nifco North Kanto Co., Ltd. a subsidiary, to Ashikaga, Tochigi Prefecture. |
| Apr. 2022 | Moved to the Prime Market of the Tokyo Stock Exchange. |
| Dec. 2022 | Founded Nifco Europe GmbH in Germany. |
Supplemental Information 1
Technical Alliance Agreements |
(As of Mar. 31, 2023) |
| Company Name (Location) |
Contract Coverage | Contract Term |
| Illinois Tool Works Inc. (USA) |
Plastic buckles | Until Aug. 27, 2023 |
Technology Licensing-out Agreement |
(As of Mar. 31, 2023) |
| Company Name (Location) |
Contract Coverage | Contract Term |
| Nifco Taiwan Corporation (Taiwan) |
Manufacturing technology for plastic buckles and industrial fasteners | Until Dec. 31, 2025 |
| Nifco Korea Inc. (Korea) |
Manufacturing technology for plastic buckles and industrial fasteners | Until Dec. 31, 2024 |
| Union Nifco Co, Ltd. (Thailand) |
Manufacturing technology for plastic buckles and fastener assemblies made of plastic and metal | Until Dec. 31, 2027 |
| Nifco Manufacturing (Malaysia) Sdn. Bhd (Malaysia) |
Manufacturing technology for plastic buckles and industrial fasteners | Until Dec. 31, 2024 |
| Nifco (HK) Ltd. (Hong Kong) |
Manufacturing technology for plastic buckles and fastener assemblies made of plastic and metal | Until Dec. 31, 2024 |
| Nifco U.K. Ltd. (UK) |
Manufacturing technology for industrial plastic parts and assemblies containing non-plastic parts and materials | Until Dec. 31, 2024 |
| Nifco America Corporation (US) |
Manufacturing technology for industrial plastic parts and assemblies containing non-plastic parts and materials | Until Dec. 31, 2024 |
| Shanghai Nifco Plastic Manufacturer Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Jun. 30, 2025 |
| Dongguan Nifco Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Jun. 30, 2025 |
| Nifco (Thailand) Co., Ltd. (Thailand) |
Manufacturing technology for buckles, industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2024 |
| Tifco (Dongguan) Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Dec. 31, 2027 |
| Beijing Nifco Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Dec. 31, 2026 |
| Nifco Poland Sp.zo.o. (Poland) |
Manufacturing technology for industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2024 |
| Nifco Vietnam Ltd. (Vietnam) |
Manufacturing technology for industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2023 |
| Nifco (Tianjin) Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Jun. 30, 2025 |
| Nifco India Private Ltd. (India) |
Manufacturing technology for industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2024 |
| Nifco (Hubei) Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Jun. 30, 2025 |
| Nifco Korea USA Inc. (US) |
Manufacturing technology for buckles, industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2025 |
| Nifco (Jiangsu) Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Jun. 30, 2025 |
| Nifco South India Manufacturing Private Ltd. (India) |
Manufacturing technology for buckles, industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2027 |
| Nifco (Yancheng) Co., Ltd. (China) |
Manufacturing technology for plastic and metal parts and finished products with fastening functions, composite products of plastic parts and metal parts, buckles, and molds for these parts and finished products, etc. | Until Dec. 31, 2026 |
| PT. Nifco Indonesia (Indonesia) |
Manufacturing technology for buckles, industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2024 |
| Nifco Korea Poland Sp. z o.o. (Poland) |
Manufacturing technology for industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2027 |
| Nifco Central Mexico S. de R.L. de C.V. (Mexico) |
Manufacturing technology for buckles, industrial plastic parts, assemblies containing parts and materials other than plastic, and molds for these parts and finished products, etc. | Until Dec. 31, 2024 |
Important Contracts from a Management Perspective |
(As of Mar. 31, 2023) |
| Company Name (Location) |
Contract Coverage | Contract Term |
| Nifco Taiwan Corporation (Taiwan) |
Joint venture to manufacture and sell plastic buckles and industrial fasteners (for automobiles and home appliances) in China | As long as Tifco (Dongguan) Co., Ltd. remains in operation. |
| Daimler AG (Germany) |
Console box patent licensing agreement | Until Oct. 5, 2024 |
>>>FY ended Mar. 31, 2007 Business Report
>>>FY ended Mar. 31, 2008 Business Report
>>>FY ended Mar. 31, 2009 Business Report
>>>FY ended Mar. 31, 2010 Business Report
>>>FY ended Mar. 31, 2011 Business Report
>>>FY ended Mar. 31, 2012 Business Report
>>>FY ended Mar. 31, 2013 Business Report
>>>FY ended Mar. 31, 2014 Business Report
>>>FY ended Mar. 31, 2015 Business Report
>>>FY ended Mar. 31, 2016 Business Report
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