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Nichirin Co., Ltd.

Nichirin Co., Ltd. manufactures and sells automotive and housing hoses and related parts in Japan and internationally. Its products include braking, hydraulic, and pneumatic hoses for automobiles and motorcycles, rubber and resin hoses, and piping for heat management and hot- and cold-water supply. The company also supplies automotive hoses for steering, braking, and air conditioning systems, hose assemblies and piping for large trucks and buses, and products for non-automotive sectors such as home appliances, housing equipment, and electric vehicle components. Founded in 1914, Nichirin Co., Ltd. is headquartered in Kobe, Japan.

Price · split & dividend adjusted
News & notes moving 5184.JP
5184.JP

Japan Fair Trade Commission Recommends Action Against Nichirin for Subcontract Act Violation

The Japan Fair Trade Commission on the 3rd found that Nichirin, a manufacturer of automotive hoses, violated the Subcontract Act by requesting improper economic benefits, and issued a recommendation. From September 2024 to July this year, the company had 25 subcontractors store a total of 1,048 molds and fixtures for automotive hoses and connecting parts free of charge, despite having no prospect of placing orders. A standard mold weighs about 80 kilograms, and the storage period extends up to more than 30 years. The commission is demanding payment for storage costs and measures to prevent recurrence.
Jiji Press·16dRead more →