History
The company independently took over the sales department of PANAC Industries Inc., based in Minami Ashigara City, Kanagawa Prefecture. The following is a history of the sales department going back prior to the time before it became independent.
| October 1933 | Founded as Nakamura Toy Store in Azuma-cho, Sumida-ku, Tokyo. |
| April 1938 | Moves to Horikiri-cho, Katsushika-ku, Tokyo. Changes name to Nakamura Celluloid Kogyojo. |
| March 1948 | Changes name to Nakamura Celluloid Kogyojo K.K. with capital of 195,000 yen. Establishes headquarters in Minami Ashigara City, Kanagawa, and Tokyo Branch in Horikiri, Katsushika-ku, Tokyo. |
| April 1959 | Moves Tokyo Branch to Nihonbashi Muromachi Begins sales of Fujifilm's Fujitac (Signs an agency agreement in 1961) |
| December 1964 | Raises capital to 30 million yen and expands factory facilities |
| April 1967 | Begins sales of Toray's Lumirror |
| April 1969 | Opens a branch in Nagoya city to increase the number of branches |
| April 1970 | Changes company name to PANAC Industries Inc |
| April 1972 | Establishes Sales Headquarters in Kanda Sudamachi and integrates the sales, accounting and planning departments Makes the Horikiri location at Katsushika-ku a Tokyo Factory to expand business |
| October 1972 | Opens the Osaka Branch in Osaka City |
| January 1979 | Separates the operations and sales departments at the headquarters to accommodate business expansion. The sales department becomes PANAC Industries Inc. (Capital 30 million yen). |
| April 1980 | Increases capital to 36 million yen |
| July 1983 | Opens the Matsumoto Branch |
| February 1984 | Transfers the Special Processing department to the new PANAC Giken Corporation |
| June 1985 | Completes the Koyama Factory, and expands the coating and laminating capability |
| March 1986 | Completes the Mie Factory. Installs a clean room to enhance high-quality processing capabilities. |
| April 1986 | Increases capital to 43.2 million yen |
| October 1987 | Establishes Taiwan PANAC |
| January 1989 | Changes company name to PANAC Corporation |
| February 1989 | Increases capital to 95 million yen |
| February 1990 | Opens the Himeji Branch |
| December 1990 | Opens the Nara Branch |
| April 1991 | Establishes PANAC Kikaku Corporation |
| February 1992 | Establishes Hong Kong PANAC |
| November 1992 | Begins operations at Hong Kong PANAC Shenzhen Factory, at Bao An District, Shenzhen |
| July 1996 | Opens the Onomichi Branch |
| July 1996 | Establishes Shanghai PANAC |
| June 1997 | Shenzhen Factory obtains ISO9002 certification. |
| July 1997 | Opens the Kanazawa Branch |
| July 1997 | Increases capital to 142.5 million yen |
| February 1998 | Coating line completed at the Mie Factory (Class 1000) |
| April 1998 | Conversion Department at Mie Factory obtains ISO9002. |
| February 2000 | Increases capital to 310 million yen |
| March 2000 | Tokyo Factory obtains ISO9002. |
| April 2000 | Koyama Factory obtains ISO9002. Taiwan PANAC obtains ISO9002. (All six domestic and international factories successfully obtain ISO9002 certification.) |
| August 2000 | Opens the Mie Branch |
| September 2000 | Opens the Kumamoto Branch |
| November 2001 | Hong Kong PANAC Shenzhen Factory obtains ISO14001 certification. |
| February 2002 | Mie Factory obtains ISO14001 certification. |
| March 2003 | Establishes PANAC Korea Co., Ltd. (Korea) |
| April 2003 | Completes the Research Building at Fujinomiya Factory Changes the name of the Mie Factory to Kameyama Factory Changes the company name of PANAC Giken Corporation to SHES Corporation |
| December 2003 | Taiwan PANAC obtains ISO14001 certification. |
| January 2004 | Establishes Suzhou PANAC Co., Ltd. |
| April 2004 | Headquarters and six domestic and international factories obtain ISO9001 certification. |
| May 2004 | Completes Fujinomiya Factory. Opens the Kameyama Branch. |
| September 2004 | Moves headquarters to Shiba, Minato-ku, Tokyo |
| April 2005 | Hong Kong PANAC opens its Philippines Representative Office Integrates PANAC Kikaku Corporation with PANAC Corporation |
| May 2005 | Transfers the functions of Koyama Factory to Fujinomiya Factory, ending operations at Koyama |
| April 2006 | Shanghai PANAC obtains ISO14001. |
| July 2006 | Suzhou PANAC obtains ISO14001. |
| March 2008 | Transfers the functions of the Nara branch and the Kanazawa branch to the Headquaters and the Mie branch. |
| March 2009 | Transfers the functions of the Kameyama branch to the Mie branch. Moves the Mie branch to Sakaemachi,Tsu-shi,Mie. Transfers the Himeji branch to the Headquaters and the Osaka Branch. Transfers the functions of Tokyo Factory to the Fujinomiya Factory and Kameyama Factory. |
| May 2012 | Opens Shin-Kawasaki laboratory. |
| November 2012 | Hong Kong PANAC Ltd. spins off Shenzhen Factory. Establishes Shenzhen PANAC Co., Ltd. |
| April 2013 | Establishes PANAC ADVANCE Co., Ltd |
| August 2013 | Transfers the functions of Matsumoto branch to the Headquaters. |
| April 2015 | Establishes Thai Panac Co.,Ltd. |
| March 2016 | Transfers the functions of Mie branch to the Osaka branch and Nagoya branch. |
| February 2017 | Merged PANAC ADVANCE Co., Ltd. |
| October 2019 | Begins operation at PANAC ADVANCED FILM MALAYSIA SDN.BHD. |
| February 2020 | Establishes SHENZHEN PANAC TECHNOLOGY LTD. |
| April 2021 | Moves headquarters to Shibaura, Minato-ku, Tokyo. |
| October 2021 | kameyama Factory / fujinomiya Factory obtains IATF 16949：2016 certification. |
| September 2022 | Transfers the functions of Kumamoto branch to the Headquarters. |