Nabeya Bi-tech Kaisha explained

Nabeya Bi-tech Kaisha
Type:Limited Liability Company
Location:Seki, Gifu, Japan
Foundation:1560
Founder:Taro-Uemon-i Okamoto
Industry:Machinery, metal
Products:Components for machinery
Key People:Mitsuo Kaneda (President and CEO)
Revenue:JPY 8 billion (Total of group)
Num Employees:410 (Total of group)

, also known as NBK, is a machine component parts manufacturer located in Seki, Gifu, Japan. The company's roots date to 1560, when it began as a metal foundry casting pots, tea kettles and temple bells.

History

NBK’s history dates to 1560,[1] when Taro-Uemon-i Okamoto founded the company.[2] [3] In 1749, the Okamotos received from the Imperial Court a license as a caster. They presented the Kyoto Imperial Palace with a lantern and were given the trade name “Nabeya”, that means "Pan(Pot) shop or artisan".[4] [5] The Okamotos produced many temple bells in Japan.[6] The main branch of the Okamotos runs Nabeya Co., Ltd. while other branches use “Nabeya” as part of the name of the company which they run. "Bi-tech" stands for "Newest and Traditional 2-technologies", and "Kaisha" means "Company or Corporation".

The company in its current form was incorporated by Tomokichi Okamoto in 1940.[5]

Head office and factory

NBK's head office and main factory, NBK Seki Plant, are located in Seki city, Gifu prefecture.[7] The former President, Taichi Okamoto, wanted the site to be a “garden factory” so it is surrounded by a swimming pool, art museum,[7] bar, sports gym, concert hall and training and conference rooms.

Okamoto believed that management concepts such as management by objectives and pay for performance were contrary to the maximization of creativity and productivity, therefore all employees are not bound by any revenue goals and are allowed to act freely.

In 2007, Okamoto resigned his position as President and became the Chairman of NBK. Mitsuo Kaneda was appointed as his successor. Kaneda is the first ever non-Okamoto family member that has been appointed President since the company was established in 1560.

Notes and References

  1. Web site: Dooley . Ben . Ueno . Hisako . This Japanese Shop Is 1,020 Years Old. It Knows a Bit About Surviving Crises. . The New York Times . 2 December 2020.
  2. Book: Poutziouris . Panikkos . Smyrnios . Kosmas . Goel . Sanjay . Handbook of Research on Family Business . January 2013 . Edward Elgar Publishing . 978-1-78100-938-3 . en.
  3. Book: Fremy . Olivier . Cheffontaines . Charles de . Chassende-Baroz . Eric . Fontanille . Olivier . Pratique du lean: Réduire les pertes en conception, production et industrialisation . 10 March 2010 . Dunod . 978-2-10-055073-9 . fr.
  4. Web site: Michelle. Froese. From cast iron products to fasteners, NBK offers four centuries of experience . Fastener Engineering . en . 27 February 2020.
  5. Web site: Corporate History NBK The Motion Control Components . www.nbk1560.com.
  6. Web site: The Economist . The Economist Newspaper . en . 8 March 2008.
  7. Web site: About the Museum Gi-Co-Ma Gifu Collection of Modern Arts . www.gi-co-ma.or.jp.