History

History

Japan’s largest fishing net company, established in 1868

Japan’s largest fishing net company, established in 1868

In 1868, Sajiro Hirata, a marine shipper from Kuwana Province (now Mie Prefecture) founded the Hirata Fishing-net Shop. Hirata’s shop handled all aspects of production in-house, from spinning the yarn to weaving the nets.
From the Edo period to the 19th century, Kuwana Province was a thriving hub of net-weaving. Sajiro Hirata opened a fishing-net factory, which he later named Hirata Boseki (Hirata Textile Spinning).
In 1910 Hirata introduced a series of knotted net-making machines, including the Itzehoni system from Germany and the Bonami and Sangue systems from France. By mass-producing nets, Hirata Boseki ushered in the era of industrialization of net-weaving and was the leader in fishing-net production volume in Japan until World War II. In 1949 Hirata Boseki was listed on the Tokyo Stock Exchange. Later the company established textile plants all over the world, including Kenya. Sukenobu Munemura, the fifth president of Hirata Boseki, had a passion for education that drove him to establish Mie Prefecture’s only “general academy,” an institution offering education from kindergarten to graduate school. Today Munemura’s legacy lives on in schools and universities such as Akatsuki Junior/Senior High School, Yokkaichi Nursing and Medical Care University and Yokkaichi University.

The Investment Bank the Global Economy Needed in 2001

In 2001, as it began its transition into investment banking, the Company launched operations in investment-banking fields such as IPO investment and M&A. Later, in 2006, the Company changed its name to Oak Capital Corporation. Today Oak Capital conducts underwriting of equity finance, growth support investment, investment in corporate restructuring and other investment-banking operations, to strengthen its financial position as an independent investment bank serving listed companies in Japan and overseas. The Company also invests in overseas brands, such as Christofle, a French silverware producer.

1853 Arrival of the “Black Ships” of Commodore Matthew Perry

1868 Start of the Meiji era with Tokyo (formerly Edo) as its capital

1949 Listing of the Company on the Tokyo Stock Exchange

Founder Sajiro Hirata

Hirata Boseki factory scene

Yokkaichi University