Nichias

Taking “Asbestos” off the company name and starting the switch of raw materials (1981)

Key decision·1981· Nichias — the full company history →

The time sense of a company that took its signboard down first

The name lost the material in 1981; building materials were free of asbestos in October 1992. Eleven years sit between the two, and the interval shows well what it takes for a materials maker to change its principal raw input. Verifying the performance of a substitute, rewriting the customers’ design and installation standards, and replacing plant equipment all require time that a decision alone cannot reach. The change of name can be read as a move played outward first, before entering that long work.

At the same time, a further gap of five and a half years remains between the renaming in 1981 and March 1987. There was a period in which the company had taken the material off its own signboard while still selling products made from it, and what actually pulled the trigger was not its own judgement but waste from an American aircraft carrier at Yokosuka. The decision to break with a material that supported 90% of sales moved forward not through regulation and not through a name, but through the prospect that the products would stop selling. Some of the specialised sealing materials that kept asbestos to the very end would not disappear for another fourteen years, in 2006.

Revenue and net margin, FY1976–FY1986

Revenue in ¥ bn (bars) and net margin in % (line), for the years around the decision. Shaded columns are FY1981 onwards — after it was taken.

Source: securities reports

Read the full dossier in Japanese →

The Japanese edition carries the complete record of this decision — the situation that forced it, the options weighed, what actually followed, and the sources behind every claim.

Other key decisions at Nichias


Yen amounts are converted at the average rate of each figure’s own year — not today’s rate; the revenue chart is shown in yen. Exchange rates & sources — the full ¥/US$ table →


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  • Sources are primarily each company’s securities reports and other public filings, but errors and omissions may remain.
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Data API

Nichias’s history, financials, executives and shareholders are published as static JSON — no key, plain GET. Full specification →

Method Endpoint Returns
GET /api/companies.json All companies
GET /api/5393/manifest.json Resource index
GET /api/5393/history.json History overview
GET /api/5393/timeline.json Chronology
GET /api/decisions.json All management decisions (index)
GET /api/5393/decisions.json Management decisions (index)
GET /api/5393/decisions/{slug}.json One decision (full dossier)
GET /api/5393/executives.json Executives
GET /api/5393/shareholders.json Major shareholders
GET /api/5393/financials.json Financial statements
GET /api/5393/financials-longterm.json Long-term results
GET /api/5393/segments.json Business segments
GET /api/5393/regions.json Sales by region
GET /api/5393/workforce.json Workforce