Japanese building materials company: LIXIL Group Corporation (JSGRY) (1923)

LIXIL Group Corporation (OTC PINK:JSGRY, TYO:5938) was established in 1923, formerly known as JS Group Corporation, and changed to its current name in July 2012. Headquartered in Tokyo, Japan, it has 61,634 full-time employees. Through its subsidiaries, it operates in the global housing and construction industries, mainly producing building materials, bathroom equipment, and interior decoration materials.

LIXIL Group Corporation

LIXIL Group Corporation (JSGRY):

The predecessor of the LIXIL Group was Japan Construction Machinery Co., Ltd., which was established in 1949, and later changed its name to Toyo Window Co., Ltd. and TOSTEM. After that, the company merged with INAX and later changed its name to Sumitomo Group Co., Ltd. and acquired Nikkei. In 2010, LIXIL began to be used as the brand name. In 2011, five companies including TOSTEM, INAX, Nikkei, LIXIL, and TOSTEM-related company Toyo EXTERIOR merged into LIXIL Corporation. In 2012, the LIXIL Group Co., Ltd. was established, including subsidiaries of LIXIL Co., Ltd., LIXIL VIVA Co., Ltd., Kawashima Fabric Selkon Co., Ltd., and LIXIL Group Finance Co., Ltd.

The current LIXIL Group Company was established in 2011 by Tostem Corp. (building material supplier), INAX (toilet and bathtub manufacturer), Shin Nikkei (skyscraper material manufacturer), Sunwave (kitchen company) and Toyo Exterior (wall And the fence manufacturer).

In the same year (2011), Lixil acquired Permasteelisa, an Italian curtain wall developer, for 575 million euros. Two years later, Lixil acquired American Standard Brands, an American bathroom equipment company, for US$542 million. In 2014, it acquired German bathroom equipment company Grohe for €3.06 billion. LIXIL also started production in Andhra Pradesh, India.

On November 6, 2018, LIXIL announced the establishment of a new partnership with the Bill and Melinda Gates Foundation to drive the world’s first domestic “remodeled toilet” pilot in at least two markets. This stems from the “Reinvent the Toilet Challenge”.

LIXIL relies on Japanese tradition to create world-leading technology and innovative high-quality products to transform the home experience. LIXIL started its global expansion by acquiring the most trusted brands in the industry, such as American Standard and GROHE. Today LIXIL is a global company with more than 60,000 employees in more than 150 countries.

The LIXIL Group is divided into 5 departments to operate: LIXIL Water Technology (LWT, LIXIL Water Technology), LIXIL Housing Technology (LHT, LIXIL Housing Technology), LIXIL Building Technology (LBT, LIXIL Building Technology), Distribution & Retail Business (D&R, distribution and retail business) and Housing & Services Business (H&S, housing and service business).

  1. LWT——Provide sanitary ware, showers, faucets, washstands, bathtubs, prefabricated bathrooms, shower heads, washstand fixtures, washstand cabinets, kitchen systems, etc.
  2. LHT——Provide window sashes for house windows, entrance doors, various types of shutters, gates, carports, railings, high railings, moisture-proof fences, smoke-proof screens, etc.; window frames, wooden furniture materials, interior decoration materials, etc.; wall panels , Stone, roofing materials, etc.; curtains.
  3. LBT——Provide curtain walls, building window sashes, store exterior walls, etc.
  4. D&R-operating a family center, providing household products, DIY products, building materials, etc.
  5. H&S——Develop housing construction franchise chain stores; provide order construction, ground inspection and improvement; provide land, buildings, real estate management, real estate franchise development support and other services; and provide housing loans.

LIXIL Group Corporation (JSGRY) history:

LIXIL was founded in 2011 as the result of the merger of five of Japan’s most successful building materials and housing companies, namely TOSTEM, INAX, Shin Nikkei, Sunwave and TOEX.

  • In 1843, the founder of the company Jimbei Kawashima opened a fabric shop, which was the predecessor of Kawashima Selkon Textiles Co., Ltd.
  • In 1875, Standard Manufacturing was the predecessor of American Standard. After the establishment of the company, it was mainly responsible for manufacturing cast iron toilets, washstands and bathtubs.
  • In 1919, when the Empire Hotel Building was built by the designer Frank Lloyd Wright, the founder of INAX gave his own technical advice for exterior production.
  • In 1923, Takejiro Ushioda founded the Myokenya store, which was mainly engaged in the retail business of wooden accessories. It was the predecessor of Tostem Corporation.
  • In 1924, Ina Seito Co., Ltd. was the predecessor of INAX and was founded by Chozaburo Ina. The company is mainly responsible for the manufacture of ceramic tiles, ceramic pipes and terracotta.
  • In 1936, Chugai Seiko Co., Ltd. was the predecessor of SUNWAVE CORPORATION and was founded by Ryozo Yoshizaki.
  • In 1936, after acquiring Berkenhoff & Paschedag, Friedrich Grohe founded GROHE.
  • In 1945, INAX took the lead in producing ceramic sanitary ware.
  • In 1949, Kenjiro Ushioda founded Nihon Tategu Kogyo Co., Ltd. (later developed as Tostem Corporation; currently known as LIXIL Group Co., Ltd.).
  • In 1956, SUNWAVE developed Japan’s first high-quality, low-cost mass production technology for stainless steel sinks.
  • In 1958, INAX began producing FRP bathtubs.
  • In 1960, American Standard introduced a new type (push-pull) faucet.
  • In 1967, INAX introduced the first bathroom toilet system made in Japan.
  • In 1968, Tostem and Shin Nikkei teamed up to build Japan’s first super high-rise curtain wall project for Kasumigaseki Building.
  • In 1971, Tostem introduced a new aluminum window frame designed to prevent rainwater infiltration and reduce the difficulty of cleaning.
  • In 1973, Palmas Dilisha was founded in Italy (originally named Isa).
  • In 1974, Toyo Exterior Co., Ltd. was founded.
  • In 1984, Shin Nikkei Co., Ltd. was founded.
  • In 1988, TOEX launched Japan’s first fully open/closed glass ceiling “garden house”.
  • In 2001, Tostem Corporation changed its name to Tostem Inax Holding Corporation, becoming a veritable holding company. Tostem Corporation (now LIXIL Corporation) self-operated company was established by way of company split. Inax Corporation joins LIXIL Group.
  • In 2001, INAX introduced a direct-heated flush toilet.
  • In 2004, Tostem Inax Holding Corporation changed its name to JS Group Corporation.
  • In 2005, SUNWAVE’s kitchen equipment system won the Red Dot Design Award.
  • In 2007, INAX and Tostem developed a bathroom drainage system to significantly improve its cleaning function.
  • In 2009, American Standard Asia Pacific became a subsidiary of Inax Corporation.
  • In 2010, SUNWAVE CORPORATION and Shin Nikkei Co., Ltd. became subsidiaries.
  • In 2010, TOSTEM introduced windows with greatly improved thermal insulation performance. The thermal insulation principle lies in double-layer glass panels with an enlarged area.
  • In 2011, Tostem, INAX, Shin Nikkei, SUNWAVE and Toyo Exterior merged to form LIXIL Corporation.
  • In 2011, Kawashima Selkon Textiles Co., Ltd. became its subsidiary.
  • In 2011, the world’s leading curtain wall contractor Palmas Delisha Group became a wholly-owned subsidiary of LIXIL Corporation.
  • In 2011, LIXIL Corporation and China Haier Group jointly established a joint venture company (LIXIL Haier Construction Facilities (Qingdao) Co., Ltd.).
  • In 2012, Palmas Dilisha undertook the project of building an architectural envelope for the Shard in London designed by Renzo Piano.
  • In 2013, the American American Standard brand became a subsidiary of LIXIL Corporation.
  • In 2014, GROHE Group SARL became an equity method subsidiary of LIXIL Corporation.
  • In 2015, LIXIL Corporation transformed GROHE Group Sarl into a consolidated subsidiary.
  • In 2015, LIXIL Corporation implemented a structural reorganization and divided it into four technical units in order to implement global expansion.

LIXIL Group Corporation (JSGRY) investment:

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