Heiwa Corporation Explained

Heiwa Corporation
Native Name:株式会社平和
Native Name Lang:ja
Romanized Name:Kabushiki Gaisha Heiwa
Type:Public (K.K.)
Genre:Entertainment
Foundation:1949
September 9, 1960
Founder:Kenkichi Nakajima
Location Country:Japan
Industry:Gambling machine manufacturing
Products:Pachinko and Pachislot machines
Num Employees:821 (as of March 31, 2014)[1]
Revenue:¥ 1.675 billion
Subsid:PGM Holdings
Olympia
AmTechs

is a privately owned Japanese manufacturer of pachinko and pachislot machines established in Kiryū, Gunma in 1949. It is one of the world's largest maker of pachinko machines.

History

Born in Korea, Kenkichi Nakajima, then a student, came to Japan in 1937 and worked in a defense factory during World War II.[2] [3] In 1949, he established Heiwa ('peace') as he wanted to produce goods unrelated to war;[3] it was, however, only officially incorporated on September 9, 1960.[4] In 1988, it became the first over-the-counter company in the pachinko industry. It entered the Tokyo Stock Exchange on the Second Section in 1991 and moved to the First Section in 1997.[5] In 1998, Heiwa acquired Olympia, another pachinko manufacturer, and turned it into a subsidiary company.[6] Heiwa became the first company in its segment to have an ISO9001 in 2000.[5] In 2004, it founded the subsidiary company PGM Holdings, a golf course operator.[4] [7]

Notes and References

  1. Web site: http://www.heiwanet.co.jp/company/summary.php . ja:会社概要 . Heiwa Corporation . July 8, 2014 . Japanese . August 9, 2020 . https://web.archive.org/web/20200809224023/https://www.heiwanet.co.jp/company/summary.php . dead .
  2. Web site: The Billionaires 1991 . September 9, 1991 . Fortune . . July 8, 2014.
  3. Web site: How to live with a billion . September 11, 1989 . . Time Inc. . July 8, 2014.
  4. Web site: 2013 年度ジャパンゴルフツアー ツアートーナメント . Heiwa Corporation . July 8, 2014 . Japanese . 2.
  5. Web site: Annual Report: 2002 . 2; 29 . Heiwa Corporation . July 8, 2014.
  6. Web site: http://www.heiwanet.co.jp/company/outline3.php . ja:沿革: 1990年~1999年 . Heiwa Corporation . July 8, 2014 . Japanese.
  7. Web site: Japan's 50 Richest People: #41 Masayuki Ishihara & family . . July 8, 2014.