Nitto Seimo

Basic Information

Stock Code
3524
Industry
Textile Products
Category Detail
Manufacturing Machinery & Electrical Equipment
Prefecture
Tokyo
Establishment Year
August 1910
Listing Year
June 1949
Official Website
https://www.nittoseimo.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Azeas, R Age, Toel, Daisan, Nihon Filcon, Kyowa Kogyosho, Fuji Denki Kogyo, Na-Dex, Daiko Tsusho, First Sumiken

Overview

Nitto Seimo is Japan's largest manufacturer of fishing nets and land-use nets, founded in 1910, and a leading company in textile products based on knotless braiding machine technology for which it holds patents in 16 countries worldwide.

Current Situation

Nitto Seimo, founded in 1910, is the top manufacturer of knotless fishing nets. As of April 2020, it has 924 consolidated employees and recorded consolidated sales of approximately 18.7 billion yen. Its main products center on nets for fisheries, including insect-proof nets, ball-proof nets, and animal damage prevention nets for land use, manufacturing and selling a diverse range of net products. It holds competitiveness in both domestic and international fishery materials markets. Within the industry, its knotless braiding machine technology, with 57 patents obtained in 16 countries worldwide, serves as a key differentiator. Operationally, its head office is located in Minato-ku, Tokyo, with major factories and headquarter functions concentrated in its founding location of Fukuyama City, Hiroshima Prefecture. It is advancing collaborations with major fisheries companies and developing the industrial materials sector. Following past stock exchange market reorganizations, it is listed on the Tokyo Stock Exchange Standard Market, actively recruiting talent and strengthening its technology development framework. It focuses on environmentally friendly product development and regional contribution activities, expanding its stable business base while developing new applications for net products, aiming for sustainable growth through 2030.

Trivia

Interesting Facts

  • Invented the knotless braiding machine in 1925 and holds numerous patents
  • Over 100 years of history in net product manufacturing since founding
  • Knotless nets adopted in many major domestic fisheries
  • Fukuyama City, Hiroshima Prefecture, serves as the de facto headquarters location
  • Manufactures and provides goal nets for Sanfrecce Hiroshima
  • Manufacturing technology supported by 57 patented technologies
  • Listed on Tokyo Stock Exchange Standard Market
  • Former president of Hiroshima TV serves as outside director
  • Business spans not only fishery nets but also agriculture and construction nets
  • Long history of listing on Nagoya Stock Exchange
  • Knotless nets feature easy repair and high durability
  • Pursues fusion of traditional and cutting-edge technologies
  • Highly evaluated in domestic and international fishery materials markets
  • Leads standards in Japan's fishing net industry through technological innovation
  • Transaction history with numerous fishery cooperatives

Hidden Connections

  • Inherited marine materials business from Maruha Nichiro Group, strengthening group collaboration
  • Relationship with Hiroshima TV contributes to industrial revitalization in the Hiroshima region
  • Contributes to regional sports promotion through provision of sports-related net products
  • Jointly conducts technology development with multiple public research institutions
  • Deep partnerships with fishery cooperatives nationwide
  • Showa-era net making technology influenced fishery technology improvements in Asian countries
  • Net products utilized in local government disaster prevention projects
  • Developing new markets by applying net technology to diverse industrial fields

Future Outlook

Growth Drivers

  • Increasing demand for fishery net technological innovations in the fisheries industry
  • Expansion of demand for environmentally friendly net products
  • Ongoing growth in domestic and international fishery support markets
  • Promotion of multi-purpose net applications in agriculture and construction
  • Promotion of smart fishing nets using IoT and AI technologies
  • Improved product competitiveness through advances in sustainable material development
  • Increasing demand for net products contributing to logistics efficiency
  • Product expansion対応 to strengthening domestic and international environmental regulations

Strategic Goals

  • 30% expansion of knotless net technology market share overseas
  • Achieve 20% sales ratio for biodegradable net products
  • 30% reduction in CO2 emissions through energy-saving across all factories
  • Support fishery efficiency with expanded introduction of IoT-linked net products
  • Increase sales by 5 billion yen through creation of new business areas

Business Segments

Fishery Materials Business

Overview
Provides various fishery materials, including high-performance knotless nets, to fishery-related customers in Japan and abroad, supporting the efficiency and sustainability of fisheries.
Competitiveness
High-quality knotless nets based on patented technology that balance catch efficiency and durability
Customers
  • Fishery cooperatives
  • Aquaculture operators
  • Marine research institutions
  • Seafood processing companies
  • Port managers
  • Public fisheries agencies
  • Major fisheries companies
  • Fishing gear retailers
  • Shipbuilders
  • Research institutions
  • Overseas fisheries-related companies
  • Local governments
Products
  • Knotless Fixed Net
  • Knotless Net for Purse Seine
  • Knotless Trawl Net
  • Aquaculture Nets
  • Laver Aquaculture Net
  • Fishing Net Related Materials
  • Fishery Equipment

Land-Based Industry and Civil Engineering Materials Business

Overview
Supplies diverse net products to land-based construction, agriculture, and environmental conservation sites, enhancing safety and efficiency.
Competitiveness
Net products adaptable to various applications meeting needs across a wide range of industries
Customers
  • Construction companies
  • Agricultural corporations
  • Municipal civil engineering departments
  • Sports facility operators
  • Environmental conservation groups
  • Landscaping companies
  • Factory and facility managers
  • Housing manufacturers
  • Disaster prevention companies
  • Schools and educational institutions
  • Import agents
  • Related materials trading companies
Products
  • Insect-Proof Nets
  • Ball-Proof Nets
  • Animal Damage Prevention Nets
  • Civil Engineering and Construction Safety Nets
  • Dust-Proof and Protective Nets
  • Temporary Safety Nets

Marine Materials Business

Overview
Leverages collaboration with the Maruha Nichiro Group to supply net products and materials beneficial to marine operations overall.
Competitiveness
Stable supply and technology provision through close ties with group companies
Customers
  • Maruha Nichiro Group
  • Marine research institutions
  • Port-related businesses
  • Marine construction operators
  • Environmental survey companies
  • Seafood logistics companies
  • Fishery equipment manufacturers
  • International import/export traders
Products
  • Special Marine Nets
  • Fishery-Related Equipment
  • Fishing Net Repair Materials
  • Feed Nets
  • Logistics Net Products

R&D and Technical Support Business

Overview
Contributes to improving net product quality and disseminating new technologies through product technology development and customer support.
Competitiveness
Proprietary technology with 57 patents and comprehensive technical support system
Customers
  • Fisheries-related companies
  • Net making machine manufacturers
  • Local governments
  • Universities and research institutions
  • Environmental technology companies
Products
  • Knotless Braiding Machines
  • Fishing Net Design Support
  • Technical Consulting
  • Patent Technology Licensing

Logistics-Related Business

Overview
Provides various net products needed at seafood logistics sites to promote logistics efficiency.
Competitiveness
Diverse logistics product lineup leveraging fishery net expertise
Customers
  • Seafood logistics companies
  • Port managers
  • Transportation companies
  • Warehouse operators
Products
  • Logistics Net Products
  • Protective Nets
  • Auxiliary Materials

Sales Agency and Wholesale Business

Overview
Engages in agency sales and wholesale of net products, forming a nationwide distribution network.
Competitiveness
Reliable sales network based on long-term transaction history
Customers
  • Specialty stores
  • Trading companies
  • Construction materials retailers
  • Fishing gear sellers
Products
  • Net Products in General
  • Related Materials

Overseas Business

Overview
Exports high-quality net products to overseas markets and supports technology introduction.
Competitiveness
Patents in 16 countries overseas and responsiveness to local needs
Customers
  • Overseas fishing companies
  • Import/export traders
  • International market sales agents
  • Overseas port managers
Products
  • Knotless Net Products
  • Fishery-Related Materials

Sports and Event Net Business

Overview
Supplies products to sports-related markets, such as providing goal nets for Sanfrecce Hiroshima.
Competitiveness
High-quality net products combined with regional sports support
Customers
  • Sports clubs
  • Municipal governments
  • Event operators
  • Schools
Products
  • Goal Nets
  • Ball-Proof Nets
  • Event Safety Nets

Agriculture-Related Business

Overview
Provides highly functional insect-proof and animal-proof nets for the agriculture sector.
Competitiveness
Diverse net product designs addressing challenges in agricultural sites
Customers
  • Agricultural corporations
  • Orchards
  • Greenhouse cultivators
  • Agricultural materials retailers
Products
  • Insect-Proof Nets
  • Animal Damage Prevention Nets
  • Sunshade Nets

Construction Safety-Related Business

Overview
Provides a wide range of net products to enhance safety at construction sites.
Competitiveness
High-durability products compliant with regulations and rapid delivery system
Customers
  • Construction companies
  • General contractors
  • Local builders
  • Safety management companies
Products
  • Scaffolding Safety Nets
  • Dust-Proof Nets
  • Temporary Safety Nets

Environmental Conservation Business

Overview
Provides net products aimed at protecting natural environments and preventing damage to flora and fauna.
Competitiveness
Effective animal damage prevention technology addressing regional issues
Customers
  • Environmental protection groups
  • Local governments
  • Natural environment conservation operators
Products
  • Animal Damage Prevention Nets
  • River Protection Nets
  • Bird and Beast Damage Control Nets

Education and Training Materials Business

Overview
Provides net braiding teaching materials and training resources for educational purposes.
Competitiveness
High-quality teaching materials reflecting long-accumulated technology
Customers
  • Schools
  • Educational institutions
  • Research institutions
  • Vocational training facilities
Products
  • Net Braiding Practice Kits
  • Special Fiber Teaching Materials
  • Technical Instruction Programs

Competitive Advantage

Strengths

  • Holds numerous patents for knotless braiding technology
  • Trusted top brand in domestic fishing nets
  • Diversification through a wide product lineup
  • Over 100 years of history since founding and stable management
  • Strong domestic and international sales and technical support systems
  • Regionally integrated business development
  • Product designs excelling in quality and durability
  • Customization対応 to customer needs
  • Active expansion of safety and environmentally considerate products
  • Competitive technological prowess based on patents
  • Collaborative systems with numerous related companies
  • Solid financial base
  • Strong relationship building with diverse customer segments
  • Business risk diversification through multi-site operations
  • Comprehensive talent development in manufacturing and technical training

Competitive Advantages

  • Technological differentiation through ownership of 57 knotless braiding machine patents in 16 countries worldwide
  • Maintained top market share in Japan's domestic fishing net market over many years
  • Product range from fishery to industrial nets covering market needs
  • Superiority over competitors backed by deep technological accumulation and industry trust since founding
  • Efficient manufacturing system established by consolidating production bases in Hiroshima and Fukuyama
  • High supply stability through collaboration with major fisheries groups
  • Diverse revenue sources established by expanding into civil engineering, construction, and agriculture
  • Improved customer satisfaction with high technological capabilities in custom net manufacturing
  • Creating new growth opportunities through expansion of industrial materials business
  • Market superiority in net quality and durability leveraging patented technology
  • Ongoing promotion of technological innovation by R&D department
  • Enhanced brand loyalty through long-term regional contribution activities
  • Improved management flexibility through effective personnel reassignments
  • Gaining social trust through product designs considering safety and environmental standards
  • Maintaining extensive distribution networks with multi-channel sales strategies

Threats

  • Risk of market contraction due to declining fishery resources
  • Intensifying price competition with overseas products
  • Cost increases from raw material price fluctuations
  • Competitive pressure from new technologies or alternative materials
  • Potential rise in product development costs due to stricter environmental regulations
  • Risk of impact on production bases from disasters
  • Impact on sales from changes in domestic fishery policies
  • Risk of export restrictions due to changes in international situations
  • Management continuity challenges from successor shortages
  • Fluctuations in overseas sales profits due to exchange rate variations
  • Risk of productivity decline from labor shortages
  • Competitive disadvantage from delays in digitalization対応

Innovations

2023: Development of High-Strength, Lightweight Knotless Nets

Overview
Successfully developed knotless nets using the latest materials, achieving 20% weight reduction compared to conventional products while improving durability.
Impact
Contributes to improved work efficiency and extended service life

2022: Prototype of Environmentally Friendly Biodegradable Net Products

Overview
Initiated prototyping of net products using biodegradable materials to reduce marine environmental impact.
Impact
Strengthens future対応 to environmental regulations

2021: Start of IoT Net Product Demonstration Experiments

Overview
Began demonstration experiments embedding sensors in fishing nets to support fishery efficiency.
Impact
Expected to enable optimal catch management and cost reductions

2024: Ball-Proof Net Strength Improvement Project

Overview
Significantly improved strength and weather resistance of ball-proof nets for sports facilities.
Impact
Enhances user safety and reduces maintenance costs

2020: Introduction of New Net Making Machinery Equipment

Overview
Completed introduction of the latest machinery equipment to automate and reduce manpower in the net making process.
Impact
30% improvement in production efficiency and reduction in defective products

Sustainability

  • Promotion of net product development using biodegradable materials
  • Energy-saving in manufacturing processes and waste reduction
  • Collaboration with local fishery communities on environmental conservation
  • Promotion of renewable energy introduction in factories
  • Strengthening workplace safety and health management and advancing work style reforms
  • Resource-circulating product design and recycling enhancement
  • Reduction of environmental impact through decreased use of chemical substances