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 U.S. 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 Bio-Innovation 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 (now the Nagase Bio-Innovation 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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2020~

Promoting Sustainability

2020~

Promoting Sustainability

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 as a Business Designer, the Group strives to create an array of value. With the establishment of the Sustainability Committee and formulation of the Sustainability Basic Policy in 2020, it has also been focusing on sustainability in recent years. The Group 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 190-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 by promoting sustainability in such ways as focusing on bio-related technologies, not just core businesses.

Greater China

We create business emanating from China through bold localization. We cover all of China in fields such as semiconductors, mobility and electronics.

ASEAN and the Middle East

We are promoting high added value in the core businesses of resins and mobility and the food ingredients business. We are also working to solve environmental issues by promoting bio-related businesses and supporting decarbonization management.

Europe

Mainly engaged in the pharmaceuticals and chemicals businesses. We are also promoting efforts to reduce impact on the environment by strengthening sales of biodegradable raw materials and products using bio-materials.

Americas

We are concentrating on the food ingredients business and investing in new technologies. Leveraging the Group’s manufacturing, R&D capabilities and network, we aim to continue providing various values by proposing solutions to customers’ problems.

Consolidated Net Sales

780.5 billion yen

Overseas 530.1 billion yen

(Fiscal year ended March 31, 2022)

Overseas Gross Profit Ratio

48.8%

(Fiscal year ended March 31, 2022)

Number of Bases

32 Countries and Areas
114 Companies

(Fiscal year ended March 31, 2022)

Number of Manufacturing Companies

16 Countries and Areas
50 Companies

(Fiscal year ended March 31, 2022)

Number of Sales and Servicing Companies

30 Countries and Areas
64 Companies

(Fiscal year ended March 31, 2022)

Number of Employees (Consolidated)

7,113

Overseas 3,319

(Fiscal year ended March 31, 2022)

Integrated Report 2022

Download All Pages

Integrated Report 2022 Download All Pages PDF(7MB)

Download Separate Files

  • Introduction(326KB)

  • Story for Value Proposition of the NAGASE Group(53.6KB)

    Story for Value Proposition of the NAGASE Group

  • Management Message(832KB)

    CEO Message | CFO Message

  • Why People Choose the NAGASE Group(3.3MB)

    WHAT / The NAGASE Group’s Strengths | Our Significance | History of Value Creation | Our Business Model | Important Management Resources | HOW / The NAGASE Group’s Growth Strategy | Overview and Progress of the Medium-Term Management Plan| [Feature] The Food Ingredients Business Led by the Prinova Group | [Feature] Holding the Key to Growth through NAGASE’s Biotechnology | WHERE / The NAGASE Group’s Ideal Future | Message from the General Manager of the Corporate Sustainability Dept. | Our Sustainability Initiatives | Materiality and KPIs | Corporate Governance | Compliance | Risk Management | Interview with the Outside Directors | Creating Environmental Value | [Feature] Contributions Toward Decarbonization in the Supply Chain | Creating Social Value | [Feature] NAGASE’s Organizations to Promote DX | Social Contribution Activities

  • Business Portfolio(1.6MB)

    Message from the Director in Charge of Sales | List of Businesses | Functional Materials Segment | Advanced Materials & Processing Segment | Electronics & Energy Segment | Mobility Segment | Life & Healthcare Segment | Regional Strategy

  • Data Section(796KB)

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