Built a new factory and started manufacturing our own products.
Incorporated as Iwako Co., Ltd. with 10,000,000 yen in capital.
Acquired our second factory.
Started manufacturing erasers with different shapes,
Increased capital to 20,000,000 yen.
Built a new main factory and moved in, consolidating all factory facilities into one place.
Registered the brand name, Omoshirokeshigomu (literally means funny erasers)
Ministry of Land, Infrastructure, Transport and Tourism sponsorship “Japanese souvenir contest” top prize award.
Opened the second factory.
Factory extension. Eleven production machines are used.
Ministry of Land, Infrastructure, Transport and Tourism sponsorship “Japanese souvenir contest” third prize award.
Establish Iwako Global Co., Ltd. as a subsidiary company.