Nifco Inc.

Company Profile



5-3 Hikarinooka, Yokosuka-shi, Kanagawa Prefecture, 239-8560, Japan

Business Overview

-The Company operates in two different sectors, which are products made from synthetic resins; and home furnishings and beds.
-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 2020 are as follows.
Consolidated sales: JPY 288.0 billion (0.3% decrease year-over-year)
Operating income: JPY 29.7 billion (3.1% increase year-over-year)
Ordinary income: JPY 28.7 billion (0.0% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 18.3 billion (11.7% decrease year-over-year)


-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2020)
Name or Company Name Investment Ratio (%)
Ogasawara Holdings Co., Limited 11.59
The Master Trust Bank of Japan, Ltd. (Trust Account) 9.73
Japan Trustee Services Bank, Ltd. (Trust Account 9) 6.94
Japan Trustee Services Bank, Ltd. (Trust Account) 5.58
Ogasawara Science Technology Promotion Foundation 4.29
Nippon Life Insurance Company 2.84
The Dai-ichi Life Insurance Company, Ltd. 2.01
Total 48.75


-Weather strip clips
-Trim clips
-Linkage bushings
-Hole plugs
-Hood bumper rubbers
-Garnish clips
-Mat fasteners
-Bolt caps
-Push turn rivets
-Canoe clips
-Turn fasteners
-Screw grommets
-Push rivets
-Push pull rivets
-Brush clips
-Anchor clips
-Double clips
-Pipe clamps
-Cable clips
-Purse locks
-Cable straps
-Rod holders
-Latches & Strikes

-Gear dampers
-Middle-torque gear dampers
-Barrel dampers
-Axis dampers
-Air dampers


-Engine oil separator
-Engine oil strainer
-Actuator Inlet

-Cup holders
-Air vents
-Sun-visor holders
-Assist grips
-Clip as alternatives to Hog rings
-Center console lid
-Sunglass holders
-Tether clips
-Seat hooks
-Glove compartment dampers

-Fender seals
-Bumper retainers
-Screw grommet
-Glass holders
-Hole plugs
-Cushion rubbers
-Shock absorbers

-Push lifters
-Baffle plates
-Lock nuts

Electrical components
-ECU boxes
-Clearance sonar retainers


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 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.

Supplemental Information 1

Technical Alliance Agreements

(As of Mar. 31, 2020)
Company Name
Contract Coverage Contract Term
Illinois Tool Works Inc.
Plastic buckles Until Aug. 27, 2023


Technology Licensing-out Agreement

(As of Mar. 31, 2020)
Company Name
Contract Coverage Contract Term
Nifco Taiwan Corporation
Manufacturing technology for plastic buckles and industrial-use fasteners Until Dec. 31, 2020


Important Contracts from a Management Perspective

(As of Mar. 31, 2020)
Company Name
Contract Coverage Contract Term
Nifco Taiwan Corporation
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
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

Archives of Past Exhibits

>>>Nifco Inc. (Investor Relations)

>>>Sales and Income Forecasts for the Next Fiscal Year