Lixil Group

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Lixil Group Corporation
Native name
LIXILグループ株式会社
Public KK
Traded asTYO: 5938
NSE: 5938
ISINJP3626800001
IndustryConstruction materials
Founded19 September 1949; 69 years ago (1949-09-19)
HeadquartersKasumigaseki Building, Kasumigaseki, Chiyoda-ku, Tokyo, 100-6036, Japan
Area served
Worldwide
Key people
Kinya Seto
(President and CEO)
Products
RevenueIncrease JPY 1,890 billion (FY 2015) (US$ 16.79 billion) (FY 2015)
Decrease JPY -7.1 billion (FY 2015) (US$ 63.08 million) (FY 2015)
Number of employees
58,889 (as of 31 March 2016)
Subsidiaries
WebsiteOfficial website
Footnotes / references
[1][2]

Lixil Group Corporation (LIXILグループ株式会社, Lixil Gurūpu kabushiki-kaisha) is a Japanese manufacturer of building materials and housing equipment, headquartered in Tokyo.

History[edit]

The company was formed in 2011 by the merger of Tostem Corp. (a supplier of building materials), INAX (manufacturer of toilets and bathtubs), Shin Nikkei (maker of materials for skyscrapers), Sunwave (a kitchen company) and Toyo Exterior (manufacturer of gates and fences).[3]

In the same year Lixil bought Permasteelisa, an Italian developer of curtain walls, for €575 million.[4] Two years later Lixil bought Grohe, the German bathroom fixtures company for US$4.1 billion and American Standard Brands, a U.S. bathroom-fixture maker.[5]

Sponsorships[edit]

Lixil is the sponsor of the Lixil Cup, awarded from 2014 to 2016 to the champion team from the finals of Japan's Top League, which the nation's highest level rugby union competition.[6]

The company also sponsors tennis player Kei Nishikori,[7] and is a sponsor of the 2020 Olympic Games.[7]

Following their predecessor company Tostem Corp's longstanding shirt sponsorship of the J.League football club, the Kashima Antlers, Lixil has continued this shirt sponsorship since 2011, when the merger with Tostem occurred.[citation needed]

References[edit]

  1. ^ "Corporate Information". Lixil. Retrieved 11 October 2016.
  2. ^ "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved 11 October 2016.
  3. ^ Harding, Robin; Inagaki, Kana (21 April 2015). "Lixil serves up a new style of Japanese multinational". Financial Times. Nikkei Inc. Archived from the original on 12 October 2016. Retrieved 12 October 2016.
  4. ^ locationgroup research (27 February 2014). Retail Market Study Worldwide 2014. Location Group AG. p. 119. ISBN 978-3-9524314-0-5.
  5. ^ Redmond, Tom (20 September 2016). "In hot water, bathroom fittings firm Lixil hires outsider to fix pipes". Japan Times. Archived from the original on 12 October 2016. Retrieved 12 October 2016.
  6. ^ "Top League to introduce new officiating system this season". Japan Times. 21 August 2014. Archived from the original on 13 January 2015.
  7. ^ a b McCombs, Dave (8 January 2016). "Japanese Tennis Ace Nishikori Renews Uniqlo Endorsement". Bloomberg News. Bloomberg L.P. Retrieved 12 October 2016.

External links[edit]