Born in Korea, Kenkichi Nakajima, then a student, came to Japan in 1937 and worked in a defense factory during World War II.[4][3] In 1949, he established Heiwa ('peace') as he wanted to produce goods unrelated to war;[3] it was, however, only officially incorporated on September 9, 1960.[5] In 1988, it became the first over-the-counter company in the pachinko industry. It entered the Tokyo Stock Exchange on the Second Section in 1991 and moved to the First Section in 1997.[2] In 1998, Heiwa acquired Olympia, another pachinko manufacturer, and turned it into a subsidiary company.[6] Heiwa became the first company in its segment to have an ISO9001 in 2000.[2] In 2004, it founded the subsidiary company PGM Holdings, a golf course operator.[5][7]
References
^ ab会社概要 (in Japanese). Heiwa Corporation. Archived from the original on August 9, 2020. Retrieved July 8, 2014.
