1952-1970 | The Nippon Foundation

April1952

Inaugural Motorboat Race

The passage of the Motorboat Racing Law in June 1951 paves the way for the first motorboat race at the Omura boat course in Nagasaki Prefecture in April 1952. Revenue from the races steadily rises, and the partial amendment of the law in June 1957 makes it possible to use a portion of the revenue to promote the mechanical industry. This becomes a model for subsequent endeavors.

April1962

Foundation Established. Original Name: Japan Shipbuilding Industry Foundation

Foundation established under the auspices of the Motorboat Racing Law, mandated to provide grants from the proceeds of motorboat racing to support fields including maritime support, sports, education and social welfare. Ryoichi Sasakawa becomes the Foundation's first chair.

Photo of first chairman Ryoichi Sasakwa offering encouragement to a woman affected by leprosy

October1964

Tokyo Olympics

Japan becomes the first Asian country to host the Olympic Games, causing a frenzy of excitement in the country. The Japan Shipbuilding Industry Foundation actively raises funds in preparation for the event. From fiscal 1962 to fiscal 1964 (April 1, 1962, to March 31, 1965), it provides assistance to the Tokyo Olympic Fund Raising Association for purchases of boats, yachts, canoes, and other items.

April1969

Begins Efforts to Improve Safety in the Straits of Malacca and Singapore

The Straits of Malacca and Singapore connect the Pacific and Indian Oceans and serve as the route for approximately 80% of Japan’s oil imports. In view of challenges including strong currents caused by numerous shallow islands and the threat of piracy, the Foundation undertakes efforts to improve the safety of these vital sea lanes.

Photo of a buoy in the Straits of Malacca and Singapore

History