Message from the President
The year 2019 marks the tenth anniversary of the conversion of Nisshinbo Industries, Inc., originally founded in 1907 as Nisshin Cotton Spinning Co., Ltd., to a holding company system, with the corporate name changed to Nisshinbo Holdings Inc. I would like once again to express my gratitude for the unswerving support that we have received from society, markets, and stakeholders.
Over the last decade we have endeavored to display both offensive and defensive governance, including a reduction of the fixed number of directors, an increase in the number of outside directors, voluntary establishment of the Nomination Committee and Remuneration Committee, abolition of the counselor and advisor systems, the positive development of mergers and acquisitions, and the pursuit of group synergy. In addition, to further improve global business management and the transparency of management, we have changed and unified our accounting period so that it ends in December. From this year, therefore, our accounting period will be from January to December. We are also considering a switch to the International Financial Reporting Standards (IFRS) in the future.
The sales, number of consolidated affiliates, and number of employees of our group have all more than doubled over the past decade, and the overseas (non-Japanese) ratio now accounts for a majority in all of these categories. Sixty percent of sales come from businesses newly added to our group through M&As. We have also undertaken business transfer in careful consideration of the long-term outlook and promoted the rearrangement of our business portfolio in order to effectively display synergy amid diverse business development.
In an age in which the Fourth Industrial Revolution is advancing, we will further promote group management and global business management and strengthen our innovation, technology, marketing, and business systems to make them suitable for the new era. We will further enhance our group’s competence and continue contributing to customers, markets, and society by proposing and supplying values, services, and solutions based on our manufacturing of goods.
Recently we revised our group’s corporate philosophy to “Change and Challenge! For the creation of the future of Earth and People.” While carrying on the spirit of our previous corporate philosophy of “Public Entity,” “Consistent Integrity,” and “Innovation,” we have adopted a new philosophy that is easier to understand and can be shared by all of our 27,000 employees in 25 countries and regions as members of an Environment and Energy Company group. The new corporate philosophy is related to the environment, society, and governance (ESG), and we will also link our activities to the United Nations Sustainable Development Goals (SDGs).
In order to continue contributing to the diverse global society and to enhance our sound earnings capacity, we will further increase our corporate value by realizing both the qualitative improvement of our organizational culture and quantitative growth in terms of business performance. As we display our group management and global business management strengths, I look forward to a rosy future for the progressive Nisshinbo Group.
President and Representative Director, Nisshinbo Holdings Inc.