NAGASE’s value creation

History of Value Creation

History of Value Creation

1832-

Founding

Founder Denbei Nagase

1832-

Founding

The NAGASE Group traces its roots to 1832 when founder Denbei Nagase established Urokogataya, a dyestuffs wholesale business that handled safflower, funori seaweed and starches in Nishijin, Kyoto. Later on, we established a foothold in the chemical industry by starting to handle synthetic dyes.

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1901-

Forging Ties with Leading Overseas Manufacturers

General Electric Co. (GE)

1901-

Forging Ties with Leading Overseas Manufacturers

Entering the 1900s, the NAGASE Group started doing business with overseas manufacturers to pursue the possibilities of chemicals. As it expanded its import business, NAGASE established an office in Lyon, France in 1901. That spurred the expansion of partnerships with overseas manufacturers, including Basel Chemical Co. of Switzerland (at that time called Ciba), as well as Eastman Kodak Co. (now Kodak) and DuPont of the United States. While importing state-of-the-art products from overseas, including technology not yet available in Japan, and making great strides as a trading company specializing in chemical products, the NAGASE Group delivered new value.

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1970-

Enhancing Functions as a Manufacturer

Panoramic view of Ciba in 1893

1970-

Enhancing Functions as a Manufacturer

Since its founding, the NAGASE Group has engaged in diverse operations. In 1970, it established Nagase-CIBA Ltd. (now Nagase ChemteX Corporation) as a joint venture with Ciba for manufacturing epoxy resins. The following year, it established Engineering Plastics, Ltd. (EPL) in a 50-50 joint venture with GE. It also built several new plants as part of steps to strengthen and expand its manufacturing, processing, and other functions as a manufacturer.

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1990-

Demonstrating Advantages in R&D Functions

Nagase R&D Center

1990-

Demonstrating Advantages in R&D Functions

From the 1990s, the NAGASE Group began enhancing its R&D functions in earnest. In 1990, it established the Nagase R&D Center as a base for R&D into bio-related materials. In the 2000s, it established Nagase ChemteX (Wuxi) Corporation in China as an epoxy resin plant for Nagase ChemteX Corporation. It also made Pac Tech-Packaging Technologies GmbH of Germany a subsidiary. In 2007, it opened the Nagase Application Workshop, an open innovation laboratory, in a push to also secure an advantage in R&D functions.

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2010-

Gearing Up the Food Ingredients Business

Prinova Group

2010-

Gearing Up the Food Ingredients Business

In the 2010s, biotechnology also started to gain more attention. In 2012, the NAGASE Group made the biotechnology specialist Hayashibara Co., Ltd. a subsidiary to strengthen its food ingredients business. In 2019, it made Prinova Group LLC, a U.S.- based company that sells and processes food ingredients and has a global sales network, a subsidiary. By generating synergies among the new Group companies, NAGASE brought its food ingredients business into full swing and global development.

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2015-

Promoting Sustainability as a Business Designer

2015-

Promoting Sustainability as a Business Designer

The NAGASE Group has grown into a corporate entity with diverse functions, including trading, manufacturing, processing, and R&D. While leveraging and adding on to those functions, it strives to create an array of value. It has also been focusing on sustainability management in recent years. NAGASE aims to help solve social and environmental issues for the sustainable growth of society and the Group.

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Our Business Model

A Business Designer Working with Partners to Create an Array of Value through “Identify, Develop, and Expand”

The technologies that the NAGASE Group has cultivated over its 189-year history are one of its strengths. In addition to trading capabilities with a wide array of business domains and an extensive global network, it has enhanced its manufacturing, R&D, and other capabilities. In addition, it has strengthened new functions such as digital transformation (DX) to evolve into a corporate group that creates a myriad of value.

The NAGASE Group brings together those capabilities in working with partners to identify the seeds of technologies and businesses, develop them into new value, and expand that through business development that goes beyond borders and domains. Delivering an array of value to society and customers as a Business Designer developing unique businesses that set us apart from competitors is our current business model.

Our Strengths

Global Network

Japan

We aim to enhance economic and social value through sustainability management such as promoting bio business, not just core businesses.

Greater China

Greater China accounts for the majority of sales in the NAGASE Group outside of Japan. Operations currently cover mainland China in the semiconductor mobility, electronics, life and healthcare, chemicals, and advanced materials and processing fields.

ASEAN and the Middle East

We are promoting a shift to high added value in core businesses like plastics and mobility-related businesses. We are also working to expand business targeting nonJapanese customers, help solve regional social issues, and create businesses that meet the needs of the region in which they are located.

Europe

Mainly engaged in the pharmaceuticals and chemicals businesses. The Group is also focusing on innovative areas such as bioplastics, energy storage, and organic food packaging materials, working to reduce environmental impact.

Americas

We are concentrating on the food ingredients and mobility businesses. Leveraging the Group’s manufacturing, R&D capabilities, and network, we aim to create new businesses to support future growth.

South Korea

We are investing resources in fields where sustainable growth is likely, focusing on electronics business, including semiconductors, displays, and EV batteries where South Korea is very competitive globally.

Consolidated Net Sales

8,302billion yen

Overseas 467.0 billion yen

Overseas Sales to Net Sales

56.3%

Number of Bases

30Countries
and
Areas
 117Companies

Number of Manufacturing Companies

14Countries
and
Areas
 56Companies

Number of Sales and Servicing Companies

22Countries
and
Areas
 61Companies

Number of Employees (Consolidated)

6,940

Overseas 3,139

Integrated Report 2021

Download All Pages

Integrated Report 2021 Download All Pages PDF(6.6MB)

Download Separate Files

  • Introduction(345KB)

  • Story for Value Proposition of the NAGASE Group(2.2MB)

    Overview of Our Value Creation Story | Our Social Significance | History of Value Creation | Our Business Model | Important Management Resources | Our Risks and Opportunities | [Feature] New Business Looking to the Future | Our Sustainability Management

  • Shaping Value(1.9MB)

    CEO Message | CFO Message | Business Model Evolution Looking to the Future | Shaping Value 1: Reform of Profit Structure | Shaping Value 2: Reform of Corporate Culture | Shaping Value 3: Corporate Functions Supporting Reform

  • Business Portfolio(2.7MB)

    List of Businesses | Functional Materials Segment | Advanced Materials & Processing Segment | Electronics & Energy Segment | Mobility Segment | Life & Healthcare Segment | Regional Strategy

  • Sustainability Management(1.8MB)

    Our Board | Corporate Governance | Interview with the Outside Directors | Compliance | Risk Management & Responsible Publicity and Marketing | Human Resource Development to Drive Innovation | Creating Environmental Value | Human Rights and Labor Management, Vibrant Work Environments & Responsible Supply Chain | Social Contribution Activities

  • Data Section(667KB)

    11-Year Financial Highlights | Financial Information | Consolidated Subsidiaries, Affiliates and Offices | Investor Information | Corporate Information