By scaling operations and expanding customer reach across diverse international markets, HNI India is poised to play a central role in Kokuyo’s Asia growth strategy
Aimed at driving growth in the Indian and other Asian markets, Kokuyo, a player in office furniture and business stationery manufacturing, has entered into a definitive agreement to acquire HNI Corporation’s India business.
This strategic acquisition marks a crucial moment in Kokuyo’s long-term change, challenge, create 2030 (CCC 2030) vision, which targets USD 3.5 billion in net sales by 2030. Listed on the Tokyo stock exchange, Kokuyo, with more than 7,600 employees and operations spanning Asia, has a strong presence in India through Kokuyo Camlin, a stationery brand it partnered with over a decade ago.
“This acquisition brings together two complementary players- us at HNI India, with our strong local manufacturing, market insight, and customer focus, and Kokuyo, a leading Japanese supplier of office furniture and stationery, globally recognised for its expertise in furniture design and workplace innovation,” highlighted Karan Sachdev, Managing Director of HNI India.
HNI India, a design-led office furniture brand with manufacturing capabilities rooted in the Japanese kaizen approach, will complement Kokuyo’s existing strengths and expand its footprint in the Indian and Asian markets, as per the official statement.
“India is key to our growth story in Asia. By welcoming HNI India into the Kokuyo Group, we are not only investing in infrastructure, we are investing in people, innovation and the future of work in one of the world’s most dynamic economies. With HNI India’s strong customer base across major Indian cities, we gain an ideal platform to accelerate KOKUYO’s ‘glocal’ (global plus local) work style strategy across Asia,” Masahiro Fukui, Managing Officer at Kokuyo explained.
By scaling operations and expanding customer reach across diverse international markets, HNI India is poised to play a central role in Kokuyo’s Asia growth strategy. The company stated that as workstyles evolve in Japan and across the region, demand for high-value spatial design is rising.
