Nifco Inc.

Company Profile

■URL

https://www.nifco.com/en/

■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.

-A major manufacturer and supplier of plastic fasteners for the Japanese auto industry.

Business Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2024 are as follows.
Consolidated sales: JPY 371.6 billion (15.5% increase year-over-year)
Operating income: JPY 43.9 billion (27.5% increase year-over-year)
Ordinary income: JPY 49.7 billion (31.1% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 18.3 billion (13.8％ decrease year-over-year)

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange.

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)	17.94
Ogasawara Holdings Co., Limited	10.37
Custody Bank of Japan, Ltd. (Trust Account)	7.16
GOLDMAN, SACHS & CO. REG (Standing proxy: Goldman Sachs Japan Co., Ltd.)	6.11
Nippon Life Insurance Company	2.92
SSBTC CLIENT OMNIBUS ACCOUNT (Standing proxy: HSBC Bank Tokyo Branch Custody Department)	2.80
The Dai-ichi Life Insurance Company, Ltd.	2.07
TAIYO FUND, L. P. (Standing proxy: MUFG Bank, Ltd.)	1.84
THE BANK OF NEW YORK MELLON (INTERNATIONAL) LIMITED 131800 (Standing proxy: Mizuho Bank, Ltd. Sales of Yen Settlements Department)	1.69
GOVERNMENT OF NORWAY (Standing proxy: Citibank, N.A., Tokyo Branch)	1.66
Total	54.60

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Products

ADAS
-Camera covers
-Camera brackets
-Front millimeter-wave radar brackets
-Corner radar brackets
-Corner Radar Cover
-Corner Radar Protector
-Sonar brackets
-Clearance sonar retainers

Engine/Fuel/Transmission
Engine
-Turbo ducts
-Engine oil separators
-Thrust washer/Receivers
-Breather boxes
-Baffle plate/Oil paths
-Engine oil strainers
-Oil control valve filter
-Quick connectors
-Cooling pipe
-Actuator Inlet

Fuel
-Filters
-Fill limit vent valves
-Inlet check valves
-Capless fillers
-Combo valves
-Rollover valves
-Baffle plates
-Nipples
-Lock nuts
-Push lifters

Interior
-Overhead consoles
-Cup holders
-Seat back tables
-Center console lids
-Glove compartments
-Under-seat Space Items
-Luggage Compartment Products
-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

Exterior
-Corner seals
-Aerodynamics
-Resin Bracket
-Bumper retainers
-Quiet Products
-Dust proofs
-Energy absorbers
-Plug Hole
-Push lifters
-Lid ｍodules
-Clips
-Clamps
-Fender seals
-Screw grommet
-Glass holders
-Cushion rubbers
-Shock absorbers
-Hole plugs
-ECU brackets
-Outer handles
-Back door handles
-Deflectors

xEV Powertrain
-Breather
-LID Module
-Cooling Pipe
-Filter/Strainer
-Baffle Plate/Oil Catch Tank
-Quick Connector
-Hydrogen combined piping for FCVs
-Inlet/Outlet for FCVs
-Filter for FCVs
-Pressure relief valves
-Battery spacers

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
-Pair Clamp

Dampers
-Gear dampers
-Axis dampers
-Air dampers
-Linear dampers
-Latches
-Middle-torque gear dampers
-Barrel dampers

Electrical components
-ECU boxes
-Power supply ports

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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.