Corporate Philosophy Expresses the Nisshinbo Group's Aims
Since its foundation, the Nisshinbo Group has always valued the concept of a corporate public entity: contributing to society is the Companies’ reason for being, and that contribution is the engine that drives their growth. Corporate Philosophy is "Change and Challenge! For the creation of the future of Earth and People." And the business policy derived from this corporate philosophy is to "Realize a super-smart society as an Environment and Energy Company group."
While developing business activities centered on the "environment" in all of its businesses, the group aims to "Connect Everything, Create Value" by providing solutions to social challenges through sensing, wireless communications, and information processing technologies.
History as an Environment and Energy Company Group
The Nisshinbo Group was founded in 1907 with the establishment of Nisshin Cotton Spinning Co., Ltd. At that time, the textile industry was a pillar of the Japanese economy, but faced with competition from low-priced overseas products, the Group has since believed that its mission is to contribute to human society through its business in accordance with the needs of the times, rather than focusing on textiles. Based on this mindset, the Group has continued to grow by aggressively promoting business portfolio transformation, incorporating Japan Radio Co., Ltd. as the core of its current Wireless and Communications business, as well as New Japan Radio Co., Ltd. and Ricoh Electronic Devices Co., Ltd., the core of its Micro Devices business.
From 2024, the Group has been segmented into four segments: "Wireless and Communications business"; "Micro Devices businesses"; "Materials business" which integrated the existing Automobile Brakes, Precision Instruments, Chemicals and Textiles business; and "Real Estate." The Group creates new value through numerous products and solutions that contribute to disaster prevention and mitigation, solutions to environmental issues, and the realization of a safe and secure society.
The words "sustainability" and "ESG management" are now frequently used in the world. However, the Nisshinbo Group has placed the concepts expressed in these terms at the center of its management strategy long before these terms were coined. The diverse businesses and product lines of the Group's global operations contribute significantly to achieving the targets of the Sustainable Development Goals (SDGs), and this is one of the Group's strengths.
History of Portfolio Transformation
Value-Creation Process Toward the Aims
The Nisshinbo Group aims to be a corporate group that "Connect Everything, Create Value," and while continuously transforming its portfolio based on its technological strengths in sensing, information processing technologies, and wireless communication, the Group will effectively utilize its six capitals: financial, human, natural, manufactured, intellectual, and social capitals to provide solutions to social issues.
In its sustainability management, the Nisshinbo Group has identified contribution to the environment and energy fields, creation of a safe and secure society, and global compliance as materiality (key issues). Through the provision of products and solutions based on its technological strengths, the Group will contribute to the safety and development of communication infrastructure and maritime transportation, and to the advancement of automated driving, while creating outcomes that contribute to the sustainability of people and society, such as disaster prevention solutions, telemedicine and nursing care support, and reduction of greenhouse gas emissions.