The story
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.
From Wikipedia’s article on Nisshinbo Holdings, shared under CC BY-SA 4.0.5
