Nisshinbo Holdings Inc.

Company Profile



2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, 103-8650, Japan

Business Overview

-According to the Company’s “General Report 2017”, the Company has the highest share in the world of automotive brake friction materials.

-The Company engages in the following eight business segments: electronics, brakes, chemicals, precision instruments, textiles, paper products, real estate, and “others”.

-The automotive business deals in electronics, brakes, precision instruments, and chemicals.

-The Company formed a brake-business alliance with Continental AG of Germany (the former Continental Teves AG).

Financial Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2018 are as follows.
Consolidated sales: JPY 512,047 million (2.9% decrease year-over-year)
Operating income: JPY 15,085 million (208.5% increase year-over-year)
Ordinary income: JPY 19,700 million (86.6% increase year-over-year)

Recent Business Developments
-In August 2017, the Company announced that it will transferred Nisshin Brake’s foundation-brake business to Hosei Brake Industry Co., Ltd., which is a subsidiary of Aisin Seiki Co., Ltd. (From an August 30, 2017 press release)

-As a result of turning Japan Radio Co., Ltd. and Nagano Japan Radio Co., Ltd. into subsidiaries in 2010, sales generated by the electronics business now account for 40% of total sales. As a result of turning TMD Friction Group S.A. (based in Luxemburg) into a subsidiary in 2011, the Company established itself as a world-leading friction-material supplier. Sales of friction materials account for over 30% of total sales.

-In April 2009, the businesses were spun off and reorganized under Nissin Holdings, Inc.

Mid-to Long-Term Management Plan

<Mid-to-long-term financial targets>

  • Fiscal year ending in March 2026: JPY 1,000 billion, with ROE of 12%
  • Compound average growth rate (CAGR): 8.5%
  • Difference in sales in fiscal year ending in March 2026 with those in fiscal year ending in March 2018: JPY 500 billion
    -Spend JPY 250 billion to strengthen current business segments and create R&D innovations
    -Spend JPY 250 billion to further develop M&As.


-Listed on the first section of the Tokyo Stock Exchange, the Nagoya Stock Exchange, the Sapporo Stock Exchange and the Fukuoka Stock Exchange.  (As of Mar. 31, 2018)
Name or Company Name Investment ratio (%)
The Master Trust Bank of Japan, Ltd. 16.26
Japan Trustee Services Bank, Ltd. 13.18
Fukoku Mutual Life Insurance Co. 7.41
Teijin Ltd. 3.72

Trust & Custody Services Bank, Ltd.

Shikoku Chemicals Corporation 1.61
Mizuho Bank, Ltd. 1.45

The Japan Wool Textile Co., Ltd.

Customer share holding commission 1.08
Total 50.14



ICs and operational amps for automobile
Applied to:
-Power control unit; PCU
-Electric power steering; EPS
-Body control module; BCM
-Safety; clash avoidance, prevention (ADAS, parking assist system
-Information; head-up displays (HUD, Instrument panel
-Entertainment; car navigation, car audio
-Battery Management System; BMS
-LED Headlight ECU
-Vehicle to Everything ;V2X

Electronics parts for automotive
-High power transformers
-Choke coils
Applied to:
-DC-DC converter for 12V output
-Electric inverter for compressor
-EV battery charger
-Electric power steering

GPS modules

Automobile brakes

-Brake linings
-Disc pads
-Drum brakes
-Disc brakes for medium- and heavy- duty trucks
-Drum brakes for medium- and heavy- duty trucks
-Brake linings for medium- and heavy- duty trucks

Precision instruments

Brake components
-Brake master cylinders
-Proportioning valves
-Disc brake calipers
-Wheel cylinders
-Joint brackets

Engine components
-EGR valves
-Air control valves
-Supercharged air control valves
-Exhaust brake valves

Other engine parts
-Intake-air shutter valves
-Check/delay valves

Other parts
-Clutch master cylinders
-Clutch release (slave cylinders
-Filler caps
-Fuel cut valves
-Hoses with check valves
-Control valves for automotive steering systems

EBS valve blocks

Fan assemblies for car air-conditioners and radiator fans

Plastic molded parts


Bipolar plates for fuel cells


Feb. 1907 Established and registered as Nisshin Cotton Spinning Co., Ltd. with capital of 10 million yen.
May 1949 Listed on the Tokyo Stock Exchange.
May 1950 Ueda Japan Radio Co., Ltd.
Oct. 1961 Listed on the first section of the Tokyo Stock Exchange.
Jan. 1987 Established Hamakita Precision Machine Plant
Jan. 1989 Established Kobunsi (Thailand) Ltd. (currently a consolidated subsidiary)
Apr. 1993 Renamed its Nishi-arai Chemical Plant and Tatebayashi Chemical Plant to Tokyo Plant and Tatebayashi Plant, respectively.
Apr. 1993 Relocated the headquarters to 2-31-11, Nihonbashi Ningyo-cho, Chuo-ku, Tokyo.
Feb. 1995 Established Nisshinbo Automotive Corporation in U.S.A. (currently a consolidated subsidiary).
Jun. 1996 Established Nisshinbo Somboon Automotive Co., Ltd. in Thailand (currently a consolidated subsidiary).
Mar. 1997 Nisshinbo Automotive Corporation, one of Nisshinbo's consolidated subsidiaries, established a wholly-owned company Nisshinbo Automotive Manufacturing Inc. in the U.S.A. (currently a consolidated subsidiary).
Mar. 1999 Established Searon Automotive Corporation in South Korea (currently a consolidated subsidiary).
Dec. 1999 Jointly established Continental Teves with Continental Teves AG & Co., oHG of Germany.
Mar. 2004 Acquired Enjiasheng Electronic Ltd. (Liangyungang) of China through a joint investment with Continental Teves AG&Co, oHG (Germany) and renamed the new subsidiary to Shengdesheng Electrolnic Ltd. (Lianyungang)
Jan. 2005 Opened its new Toyota plant.
Oct. 2005 Searon Automotive Corp.(Korea) was listed on the Korea Stock Exchange. (currently a consolidated subsidiary)
Dec. 2005 Acquired additional shares in New Japan Radio Co., Ltd. by making a tender offer. (currently a consolidated subsidiary)
Dec. 2006 Increased its equity in Japan Radio Co., Ltd. and Nagano Japan Radio Co., Ltd.
Dec. 2006 Closed down its Toyama Plant and Nagoya Plant.
Jul. 2007 Acquired 100 percent of the shares in Daiwa Shiko Co., Ltd., which is currently a consolidated subsidiary.
Jul. 2007 Closed down its Harisaki Plant.
Jul. 2007 Made Choya Co., Ltd. its wholly owned subsidiary by conducting a stock swap.
Oct. 2008 Made Nisshinbo Brake Sales Co., Ltd. its wholly owned subsidiary by conducting a stock swap.
Oct. 2008 Nisshin Toa, Inc., which is currently a consolidated subsidiary, absorbed Nisshin Tech., Co., Ltd., currently a wholly owned subsidiary.
Oct. 2008 Liquidated Nisshinbo Kikai Hanbai Co., Ltd., one of its consolidated companies.
Dec. 2008 Liquidated Nisshinobo Mobics, which is currently a wholly owned subsidiary.
Apr. 2009 Spun off the following five business sectors: Textiles, Automobile Brakes, Papers, Mechatronics and Chemicals, and transformed itself into a holding company, changing its corporate name to Nisshinbo Holdings Inc.
Dec. 2009 Nisshinbo Automotive Corporation, a consolidated subsidiary, was dissolved for integration with Nisshinbo Automotive Manufacturing Inc. an existing consolidated subsidiary.
Apr. 2010 Nisshinbo Brake Inc. (now a consolidated subsidiary) absorbed Nisshinbo Brake Sales Co., Ltd. (consolidated subsidiary).
Dec. 2010 The Company acquired additional shares in JRC Nihon Musen (now a consolidated subsidiary) through a takeover bid, after which it also made Nagano Japan Radio Co., Ltd. its subsidiary.
Feb. 2011 Nisshinbo Brake Inc. (consolidated subsidiary) and Saeron Automotive Corporation in Korea (consolidated subsidiary) jointly established Nisshinbo Saeron Automotive Changshu Corp. in China. 
Nov. 2011 Purchased all outstanding stock shares in TMD Friction Group S.A. (based in Luxembourg), which became a consolidated subsidiary.
Mar. 2012 Established Nisshinbo Business Management (Shanghai) Co., Ltd.
Jul. 2013 Established Nisshinbo Commercial Vehicle Brake Ltd. (NCB) in Thailand.
Oct. 2015 Acquired all of the outstanding stock in Nambu Plastics Co., Ltd, making it a consolidated subsidiary.
Mar. 2016 Japan Radio Co., Ltd. turned Nagano Japan Radio Co., Ltd. and Ueda Japan Radio Co., Ltd. into wholly owned subsidiaries through a stock swap.
Oct. 2017 Acquired stock shares in Japan Radio Co., Ltd., making the company a wholly owned and consolidated subsidiary.
Mar. 2018 Acquired stock shares in Ricoh Electronic Devices Co., Ltd.

Supplemental Information 1