Nissei Injection Molding Machine and Toyo Reach Business Integration Agreement

On November 17, Zhuansu World learned that Japanese injection molding machine manufacturer Nissei Plastic Industrial Co., Ltd. and Toyo Innovex Co., Ltd. have reached a business integration agreement. On April 1, 2026, the two companies will become wholly-owned subsidiaries of GMS Group Co., Ltd. through a joint share transfer.

Hozumi Yoda has been appointed as the Chairman and CEO of the holding company, while Yoshiaki Tabata will serve as President and COO.

The business integration and share transfer require the approval of shareholders and must comply with the usual licensing requirements of relevant institutions.

Join Forces to Tackle Challenging Business Environment

The two companies explained in a press release that the challenging business environment in the injection molding and industrial machinery sectors is a key reason for the merger.

Specifically, both parties listed the core considerations for joint operations.

Weak demand and rising costs due to geopolitical risks.

The rise of Asian enterprises intensifies global market competition.

- There is a shortage of skilled labor, while the demand for environmentally friendly innovative products continues to grow.

The rise of emerging markets such as India, and the emergence of new growth areas such as electric vehicles and hybrid vehicles.

The necessity of strengthening the instant response capability of support systems.

The two companies believe that the business integration will enable them to advance initiatives that cannot be achieved individually. In addition to the design and manufacturing of injection molding machines, both parties plan to collaborate on developing technology platforms and solutions globally, with a customer-centric approach. The name of the joint holding company, "GMS," symbolizes this mission, derived from "Global Molding Solutions." The press release states: "We are committed to creating a group where employees can work with confidence and pride, becoming a global leader in the industry."

The merger is expected to generate multiple synergies, including accelerating design and development processes, reducing costs, achieving economies of scale in procurement, shortening delivery cycles through improved production efficiency, and expanding product lines and service offerings.

Both companies manufacture injection molding machines, and in addition, Toyo has incorporated its die-casting machine business into the merged business portfolio.

Global Layout

Nissei Plastic Industrial Co., Ltd. was established in 1947 and is a global company with production bases in Japan, China, Thailand, the United States, and Italy. According to reports, in the fiscal year ending March 2025, overseas sales account for 66.8% of its total business. The company recently announced plans to build a new factory in India.

Toyo Innovex was established in 1925 and also has a wide global business network. For the fiscal year ending March 2025, the injection molding machine business accounted for slightly more than 73% of its sales, with the remainder coming from die-casting machines; overseas sales accounted for 69.5% of the company's total business. The company has production bases in Japan and China.