Sojitz», literally meaning «twin suns», implies a merger of equals between the two companies. The corporate logo is a stylized version of the first character in its Japanese name. Beginning around 1878, the Japanese government promoted the development of cotton spinning as an initial means bridgestone ragtime developing modern industry in Japan in the wake of the Meiji Restoration. Japan’s native raw cotton supply proved inadequate to meet demand, and there was only one Japanese importer of raw cotton at the time, making the industry highly reliant on foreign merchants.
Osaka in 1892 under the leadership of Tsuneki Sano, a 38-year-old former government official. After the Russo-Japanese War, Nichimen expanded its business from importing. The company began cotton spinning operations in Manchuria and established offices in China, Korea, Germany, Italy and the United Kingdom to supply local markets. The Great Depression harmed Nichimen’s cotton business, spurring the company’s diversification beyond cotton to trade in silk, rayon and other materials. During World War II, Nichimen was tapped by the Japanese military to manage production of flour, matches and starch.
The largest zaibatsu trading companies were dismantled after the war, giving Nichimen an early lead among the sogo shosha in the 1950s and a six percent share of Japanese foreign trade by 1958. Nichimen became closely affiliated with Osaka-based Sanwa Bank in 1955, which financed all of Nichimen’s domestic business. By 1970, Nichimen was trading in steel, electronics, motor vehicles and fibers in addition to textiles. Nichimen served as the joint venture partner for Nabisco when it began operations in Japan in the 1970s. Nissho Iwai was formed in 1968 by the merger of Nissho Company and Iwai Sangyo Company. Company under the leadership of Iwajiro Suzuki and Naokichi Kaneko.
Japanese member of the Baltic Exchange in London. In subsequent years, the company had a strong focus on liquefied natural gas and steel trading, as well as industrial project development. Nichimen and Nissho Iwai consolidated on a holding company level in 2003 and consolidated their operating units in 2004, adopting the Sojitz name at that time. The merged holding company, Sojitz Holdings, combined with the merged operating company, Sojitz Corporation, in 2005. The current headquarters of Sojitz Corporation, Iino Building in Kasumigaseki, Chiyoda, Tokyo. Today, the Sojitz Group consists of approximately 440 subsidiaries and affiliates located in Japan and throughout the world, and it is developing its wide-ranging general trading company operations in roughly 50 countries and regions across the globe.