Omikenshi

Basic Information

Stock Code
3111
Industry
Textile Products
Category Detail
Spinning & Textiles
Prefecture
Osaka Prefecture
Establishment Year
August 1917
Listing Year
May 1949
Official Website
https://omikenshi.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Toyobo, Unitika, Fujibo Holdings, Teijin, Toray, Kitanihon Spinning, Fujix, Temona, Avix, Daiun

Overview

Omikenshi is a long-established textile products manufacturer founded in 1917, with strengths in rayon and nonwoven fabric processing, operating across diverse domestic and international markets.

Current Situation

Omikenshi recorded consolidated sales of approximately 6.788 billion yen for the fiscal year ended March 2021, with the textile business accounting for about 77% of sales. Its main operations are manufacturing and processing rayon yarn and nonwoven fabrics. In addition to domestic production, it has subsidiaries in Brazil and China, advancing overseas expansion. Since 2019, it has announced withdrawal from unprofitable textile divisions and initiated business restructuring. Paid-in capital is 100 million yen, with a stable financial base. Main competitors include major textile manufacturers such as Toray, Teijin, and Toyobo, differentiating through high technological capabilities and a diverse product lineup. In recent years, it has focused on higher value-added nonwoven and rayon products while emphasizing environmental impact reduction. Moving forward, it aims for sustainable growth through overseas market expansion and management rationalization.

Trivia

Interesting Facts

  • Long-established textile manufacturer founded in 1917 in Hikone City, Shiga Prefecture.
  • Once included in the Nikkei 225 stock average.
  • Site of the historic Omikenshi Silk Yarn Dispute strike.
  • Rare Japanese textile company with a cotton yarn manufacturing subsidiary in Brazil.
  • Mikaready existed as a spin-off from the apparel division.
  • Founder established a high school in the region and supported education.
  • Early adoption of nonwoven business, differentiated by high-function materials.
  • Global textile supply network through multiple overseas corporations.

Hidden Connections

  • Past executives included prominent political and bureaucratic figures, bridging public and private sectors.
  • Historical partnership with Nintendo to establish a food company.
  • Deep ties with the predecessor industrial school of Omi High School.
  • Brazilian subsidiary serves as a key base for cotton yarn production in South America.
  • Strengthened collaborations with multiple domestic SMEs for diverse fiber materials production.
  • Distinctive capital ties through connections with major shareholders like Toyo Trading.
  • Some products used as materials for medical masks.
  • Leader in textile industry technological innovation, contributing to regional industry promotion.

Future Outlook

Growth Drivers

  • Increasing demand for high-function fiber products
  • Expansion of production and sales in overseas markets
  • Advancement of environmentally considerate manufacturing technologies
  • Brand strengthening in household goods sector
  • Production efficiency improvements through digitalization
  • Development and adoption of sustainable materials

Strategic Goals

  • Expansion of nonwoven business market share domestically and internationally
  • Increase overseas sales ratio to over 30%
  • Significant reduction in environmental impact
  • Advancement of higher value-added textile products
  • Strengthening revenue base through business diversification
  • Improvement in employee work-life balance and talent development

Business Segments

Textile Raw Materials Supply

Overview
Provides high-function fiber raw materials for apparel and industrial uses.
Competitiveness
High-quality raw materials and stable supply system
Customers
  • Textile manufacturers
  • Apparel companies
  • Industrial materials manufacturers
  • Manufacturers
Products
  • Rayon yarn
  • Blended yarn
  • Nonwoven materials

Nonwoven Processed Products

Overview
Processes and supplies versatile nonwovens for medical and industrial uses.
Competitiveness
Advanced manufacturing and processing technology
Customers
  • Medical device manufacturers
  • Hygiene product manufacturers
  • Industrial filter companies
  • Construction materials manufacturers
Products
  • High-absorbency nonwoven
  • Antibacterial nonwoven
  • Filter nonwoven

Household Goods OEM

Overview
OEM production business for household goods and beauty products.
Competitiveness
Quality control and flexible production response
Customers
  • Home centers
  • Retailers
  • Brand OEM clients
Products
  • Towels
  • Household goods
  • Cosmetics-related

Food Processing and Sales Business

Overview
Conducts food processing of local specialties and sales channel development.
Competitiveness
Local community-focused product development
Customers
  • Local retailers
  • Online shops
  • Restaurants
Products
  • Processed foods
  • Healthy snacks

Real Estate Management

Overview
Real estate rental and management operations division.
Competitiveness
Stable asset management centered on local properties
Customers
  • Tenants
  • Corporate entities
  • Individual investors
Products
  • Commercial building management
  • Rental management

Competitive Advantage

Strengths

  • High technological capability in the rayon sector
  • Diverse textile product manufacturing capabilities
  • International expansion leveraging overseas bases
  • Long-standing brand and reliability
  • Revenue diversification through multiple business lines

Competitive Advantages

  • Stable manufacturing network domestically and internationally
  • High-quality nonwoven processing technology
  • Composite business structure of textiles and household goods
  • Product development fusing tradition and cutting-edge technology
  • Strong customer base from community-focused business expansion

Threats

  • Shrinking textile market and intensifying competition
  • Risk of raw material price fluctuations
  • Competition from low-cost overseas production countries
  • Increased manufacturing costs from stricter environmental regulations
  • Declining demand due to new materials or substitutes

Innovations

2020: Announcement of Textile Business Restructuring and Withdrawal

Overview
Decided to withdraw from production of unprofitable rayon staple fiber and yarn.
Impact
Expected management rationalization effects for profit improvement

2021: Advanced Development of Nonwoven Products

Overview
Developed new antibacterial and high-absorbency nonwoven products for medical and hygiene applications.
Impact
Aims for sales growth through entry into new markets

2022: Strengthening Overseas Subsidiaries

Overview
Enhanced production capacity and expanded sales networks at subsidiaries in Brazil and Shanghai.
Impact
Contributes to higher overseas sales ratio

2023: Brand Strengthening for Household Goods

Overview
Renewed towel and cosmetics brands to promote sales.
Impact
Improved brand recognition and sales growth

Sustainability

  • Manufacturing process improvements to reduce environmental impact
  • Promotion of recycled materials usage
  • CSR activities for coexistence with local communities
  • Enhanced employee safety and health management
  • Equipment investments for environmental regulation compliance