Shikibo

Basic Information

Stock Code
3109
Industry
Textile Products
Category Detail
Spinning & Textiles
Prefecture
Osaka Prefecture
Establishment Year
August 1892
Listing Year
May 1949
Official Website
http://www.shikibo.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Klabo, Saibo, Nikke, Toa Spinning Corporation, Harima Chemicals Group, Fuji Dice, Kato Seisakusho

Overview

Shikibo is a Japanese textile products manufacturer founded in 1892. It has diversified from spinning to deodorization technology and operates production bases both domestically and internationally as an established company.

Current Situation

Shikibo recorded net sales of approximately 40.8 billion yen in 2019 and employs 2,465 consolidated employees. Its core textile business leverages overseas production bases, focusing on the manufacture of natural and chemical fibers. It caters to a wide range of markets from industrial materials to consumer products through product development applying deodorization technology and diverse product offerings. Research and development is centered at the central laboratory, contributing to technological innovation and product diversification. It also emphasizes sustainability, promoting reduced environmental impact and regional contributions. In the medium to long term, it strategically strengthens product technologies and explores overseas markets, aiming for performance recovery and sustainable growth. It is also working to improve management efficiency through recent personnel changes and management system reforms.

Trivia

Interesting Facts

  • Shikibo was founded in 1892 as a textile business and is one of the oldest companies in the industry.
  • The deodorization technology 'Deo Magic' is a proprietary technology that turns odors into sweet scents.
  • It once led the textile industry as one of Japan's top ten spinning companies.
  • It gained attention by providing sails for Kenichi Horie's 1962 trans-Pacific yacht voyage.
  • Through diversification, it operates paper products and chemical products businesses beyond textiles.
  • It has production bases in Indonesia, Thailand, and China overseas and is advancing international expansion.
  • The laboratory handles fiber planning and development as the core of technological innovation.
  • Deodorizing products are widely used in caregiving and livestock industries.
  • The company name was changed in 2002 from Shikishima Spinning to the current name.
  • It places importance on regional social contributions and sustainable management and is actively promoting them.
  • It has stable financial base with capital of 11.336 billion yen.
  • It is a mid-sized company with approximately 2,465 consolidated employees.
  • It is part of Japanese industry, affiliated with Daiwa-kai and multiple industrial groups.
  • Products are offered through diverse channels including department stores, EC, and direct sales.
  • In the paper products business, it also handles corrugated board manufacturing.

Hidden Connections

  • Shikibo's sails were used in Kenichi Horie's Pacific yacht voyage, creating a historical connection.
  • It has overlapping memberships with multiple zaibatsu-affiliated groups such as Daiwa-kai and Fuyo Group.
  • Deodorization technology is utilized in collaborations with products and equipment manufacturers in other industries.
  • It is affiliated with Daiwa-kai, led by Resona Bank, and has deep ties with financial companies.
  • The corrugated board division supplies important materials to partner companies in logistics and manufacturing industries.
  • Multiple specialized laboratories and domestic/overseas bases function as hubs for technology provision.
  • In addition to textile products, it supplies products to the seasonings and food additives field.
  • Products such as deodorizing sprays are co-developed with ShinMaywa Industries Group, Earth Corporation, and others.

Future Outlook

Growth Drivers

  • Expansion of high value-added products in functional fibers and deodorization technology
  • Expansion of overseas production bases and strengthening of cost competitiveness
  • Promotion of development in IoT and smart fiber technologies
  • Business diversification through new market and application development
  • Response to expanding demand for sustainable materials
  • Increasing demand for fiber products in caregiving and medical fields
  • Strengthening and sales expansion of products compliant with environmental regulations
  • Increasing demand for industrial materials in logistics and packaging fields
  • Strengthening collaboration with domestic and international customers and creating new partnerships
  • Productivity improvement through introduction of digital technologies
  • Marketing strengthening to enhance brand power
  • Gaining trust through strengthening of social responsibility and governance

Strategic Goals

  • Stable growth exceeding 50 billion yen in net sales
  • Achievement of overseas sales ratio over 40%
  • Improvement in market share of functional fiber products
  • New revenue creation through multi-industry deployment of deodorization technology
  • Over 50% sales ratio of low-environmental-impact products
  • Over 30% reduction in factory energy use and CO2 emissions
  • Significant improvement in consumer brand awareness
  • Realization of employee diversity and work-life balance
  • Increase in R&D investment ratio and innovative technology development
  • Establishment of sustainable coexistence through collaboration with local communities

Business Segments

Textile Product Manufacturing

Overview
Manufactures spun and special fiber products to meet diverse customer needs.
Competitiveness
Custom response to diverse fiber products through high technological capabilities
Customers
  • Apparel Manufacturers
  • Bedding Manufacturers
  • Medical Product Manufacturers
  • Industrial Material Manufacturers
  • Sports Goods Manufacturers
Products
  • Spun Yarn
  • Shirt Fabric
  • Knit Materials
  • Linen Products
  • Industrial Fiber Materials

Deodorizing and Functional Product Development

Overview
Provides products utilizing proprietary deodorization technology to multiple industries.
Competitiveness
Advanced deodorization technology that turns odors into scents
Customers
  • Caregiving Facilities
  • Livestock Operators
  • Waste Management Companies
  • Vehicle Manufacturers
  • Medical Institutions
Products
  • Deodorizing Spray
  • Liquid Air Freshener
  • Antibacterial Fiber
  • Industrial Deodorizer

Packaging and Corrugated Board Manufacturing

Overview
Manufactures and widely supplies corrugated board and packaging materials within its own group.
Competitiveness
Thorough quality-controlled packaging material manufacturing
Customers
  • Logistics Companies
  • Manufacturing Companies
  • Retailers
  • Food Industry
Products
  • Corrugated Board
  • Cardboard
  • Packaging Materials

Industrial Materials Business

Overview
Develops and supplies industrial fiber products and plastic products.
Competitiveness
Industrial materials combining durability and functionality
Customers
  • Manufacturing Manufacturers
  • Construction Industry
  • Electrical Equipment Manufacturers
Products
  • Reinforced Plastic Products
  • Conveyor Nets
  • Industrial Belts

Research and Development and Technology Provision

Overview
Handles technology development and product planning centered on the central laboratory.
Competitiveness
Accumulated technology based on long years of fiber and deodorization research
Customers
  • Group Companies
  • Other Companies' R&D Departments
  • Industry in General
Products
  • Fiber Design Technology
  • Deodorization Function Technology
  • Product Planning Support

Competitive Advantage

Strengths

  • Manufacturing technology for diverse textile product lineup
  • Advanced deodorization technology development capabilities
  • Long history and established brands
  • Production bases deployed domestically and internationally
  • Business diversification from industrial to consumer goods
  • Strong customer network
  • Continuous technological innovation through central laboratory
  • Thorough production quality management
  • Material development capabilities with excellent durability and functionality
  • Product provision through close customer collaboration

Competitive Advantages

  • Supply capability for multi-purpose products applying deodorization functions
  • Fusion of traditional textile technology and latest technologies
  • Cost competitiveness through overseas production bases
  • Risk diversification through product portfolio spanning multiple fields
  • Product development and custom response specialized by region and industry
  • Brand trust as a major industrial materials manufacturer
  • Manufacturing technology strong in natural fibers such as cotton and linen
  • Development and commercialization of proprietary deodorizing fragrance technology
  • Formation of differentiated value chain with abundant product lineup
  • Stable investment capability in long-term R&D

Threats

  • Price pressure due to intensifying competition in the textile industry
  • Competition with low-priced overseas products
  • Fluctuations in natural fiber raw material prices
  • Cost increases due to strengthened environmental regulations
  • Rapid changes in consumer preferences
  • Market erosion by new technology entrants
  • Profit instability due to exchange rate fluctuations
  • Decline in production capacity due to labor shortages
  • Risk of raw material supply disruptions
  • Demand decline due to economic downturn

Innovations

2023: Expansion of Deo Magic Series Functions

Overview
Enhanced deodorizing effects and expanded lineup of products for caregiving and industrial use.
Impact
Achieved improved customer satisfaction and increased sales

2022: Improvement of Nano Style Antibacterial Fiber

Overview
Advanced research and development of fiber materials with enhanced antibacterial performance, leading to commercialization.
Impact
Contributed to expanded adoption in medical and caregiving fields

2021: Introduction of Automation in Overseas Production Equipment

Overview
Introduced automatic looms and other equipment at production bases in Indonesia and Thailand to improve production efficiency.
Impact
Contributed to production cost reduction and quality stabilization

2020: Eco-Standard Compliance for Natural Fiber Products

Overview
Developed environmentally friendly cotton products and obtained certifications domestically and internationally.
Impact
Successfully acquired environmentally conscious customer base

Sustainability

  • Promotion of research and development of biodegradable fibers
  • Strengthening of factory CO2 emission reduction measures
  • Activities to improve waste recycling rate
  • Expansion of low-environmental-impact product lines
  • Continuous participation in regional environmental conservation
  • Thorough employee health management
  • Active acquisition of eco-certifications
  • Environmental transparency in supply chain
  • Ethical management of fiber raw material procurement
  • Promotion of energy-saving equipment introduction
  • Implementation of environmental education programs
  • Ensuring diversity through promotion of women's active roles