Nichia Corporation, a global leader in LEDs and laser diodes, continues to pioneer next-generation technologies that enhance energy efficiency and reduce environmental impact. Through its new GLOBALINER agreement with Coface Japan, Nichia has centralized global credit risk management—optimizing trade credit insurance and leveraging advanced data tools for smarter, safer growth worldwide.
Nichia Corporation (Headquarters: Tokushima, Japan), a global leader in the LED and laser diode sectors, has been contributing to society through its unique technologies since its founding in 1956. Known for being the first company in the world to commercialize high-brightness blue LEDs, Nichia now holds a significant share in the white LED market as well.
In recent years, Nichia has been expanding the application of its RGB laser light sources, “OctoLas” and “QuaLas,” across various fields such as displays, projectors, and industrial processing equipment. The company continues to pursue next-generation technologies by leveraging its domestic and international research centers. Nichia is also actively working to reduce environmental impact and improve energy efficiency, contributing to the realization of a sustainable society.
Since 2013, Nichia Corporation has been utilizing Coface’s trade credit insurance. Until now, we have been setting individual terms and conditions for each of their offices in Japan and across Asia. However, Nichia has recently signed a master agreement called “GLOBALINER” with Coface Japan, which integrates the management of multiple trade credit insurance contracts. This agreement enables optimized insurance premiums and enhanced information management at the executive level by utilizing Coface’s online management tool “DASHBOARD,” allowing timely monitoring of coverage and risks across domestic and international sites.
While the practical handling of insurance contracts will continue to be managed by each site, with support from The Kyoritsu Co.,Ltd. (Japan) and Overseas insurance brokers of the Kyoritsu Group (overseas), all negotiations and decisions regarding contract terms will be centralized between Nichia’s headquarters in Japan and Coface Japan.
This GLOBALINER agreement marks the first case of its kind for a Japanese company in the Asia region under Coface. Traditionally, Japanese companies have arranged insurance contracts individually through their overseas subsidiaries. However, this move is expected to accelerate the trend of centralized global credit risk management by Japanese headquarters.
Additionally, Nichia is utilizing Coface’s Business Information services to collect and monitor data on domestic and international partner companies, enabling more advanced risk management.