History of investment banking

Investment banks started to be referred to as such since they conduct investments that are too risky for commercial banks mainly engaged in lending and using the savings of their clients as the source of funds. Investment banks play a very important role in the recent times by providing advice and support for raising funds through issuing securities as well as for developing growth strategies that involve mergers and acquisitions, financial strategies, etc. They differ from commercial banks or securities brokers in that they use their own funds to conduct their investments.

Goldman Sachs (founded in 1869)
Merrill Lynch (founded in 1914)
Bear Stearns (founded in 1923)
Morgan Stanley (founded in 1935)
Barclays (founded in 1728)
BNP Paribas (founded in 1872)
Investment Bankingの歴史

Investment banking – fulfilling the needs of global economies

Oak Capital’s predecessor was founded in 1868 as a textile company.
In 1868, Sajirō Hirata Senior, a shipping agent born in Kuwana Domain (modern-day Yokkaichi City in Mie Prefecture), founded Hirata Gyomō Shōten – a company that would later become a major producer a wide range of products, ranging from yarn to fishing nets.
Fishing net manufacturing business flourished in Kuwana Domain between the 17th and the 19th century, and Sajirō Hirata Senior built his first factory there, changing the name of the company to Hirata Bōseki (Hirata Spinning). Under its second president, Sajirō Hirata Junior, Hirata Spinning switched their raw material from hemp to cotton, and engaged in research and development of machine-knit nets, which later culminated in adoption of net making machines and changing the business model to a factory enterprise.
In 1910 the company brought in German and French machines for knitting English knot nets and started mass production, entering the era of industrialization. Until the Pacific War, Hirata Spinning was well-known as the largest producer of fishing nets in Japan.
In 1949 the company went public and became listed on the Tokyo Stock Exchange. Following that, it expanded globally by building fishing net factories in countries such as Kenya, however at the same time the marine products industry fell into a prolonged decline.
In 2001, the company reorganized under new management from fishing net manufacturer into an investment firm, and begun offering IPO investments as well as financial support and business revitalization support for listed companies.
In 2006, it changed its name to Oak Capital Corporation, and became an independent investment bank, providing equity financing underwriting to domestic and foreign listed companies as well as support for investment recipients to increase their corporate value. In addition, the company has also acquired stake in French silverware maker Christofle and a golf resort in the USA.