History / History of Products

Since its founding in 1946, the LAUREL group has been a leading company in cash-handling technology. LAUREL products are used not only in Japan but also in nearly 80 countries worldwide.
We believe that our development as an organization is owed to our achievements throughout the years in becoming an established partner for our customers, and most importantly, the faith our customers have had in us. We will continue to strive to be the company you choose as your partner by offering products and services that truly serve the purpose of each and every one of you.

FROM FOUNDING TO THE 1960's

1946

Tenshin Co., ltd. is founded by Iwao Ikebe.

1954

Tenshin Money Counting Machine Co., Ltd. is founded. Manufacturing and sales of coin counting machines begin.

1957

Tokyo factory is established.

1963

The automatic coin wrapping machine (LAC-2) is developed.

1966

The automatic coin wrapping machine is exported to the U.S.A. (first exported product).

THE 1970's

1970

The new Tokyo factory is established.(Present Shinmachi Factory)First exporting of coin counting machines (Spindle type) to European nations.
First exporting of coin counting machines (Spindle type) to European nations through the British company De La Rue.
The world's first transparent paper wrapping technology (patented) is developed.

1971

The on-line automatic cash dispensing machine and the simultaneous coin sorting and totaling machine are developed.

1973

Company is renamed to LAUREL BANK MACHINES CO., LTD.

1975

Agencies in various European countries are established for exporting and distributing products to these countries.Money exchange machines are developed for use in banks.
Agencies in various European countries are established for exporting and distributing products to these countries.

1977

The cash settlement system is developed.
Tokyo R&D Laboratory is established. (Present R&D Laboratory No. 2)

1978

Agency network extended to Southeast Asia, Middle East, Africa and Latin America, and exporting to these areas begins.

1979

Tokyo Headquarters building is built. Osaka factory is established.

THE 1980's

1981

Japan's first automated teller machine is developed, thus consummating our tellers cashier systems.

1982

Japan's first recycling automatic teller machine (patented) and Japan's first miniaturized currency sorting machine are developed.

1983

Japan's first integrated machine with functions for depositing both coins and notes (TDS-03) is developed, completing the front tellers-vault cash settlement systems for banks.

1984

The double-headed automated recycling pay-in/pay-out teller machine (ACTUS) is developed.

1985

R&D Laboratory No. 3 is established.

1986

The space-saving bill depositing machine is developed.
Resident representative's office is established in Los Angeles, California, U.S.A.

1987

The fully automated money accounting system and a new type of automated teller machine (TTM-2) are developed.

1989

The simultaneous note pay-in/pay-out machine (TTM-3) is developed.

THE 1990's

1991

The new Osaka factory is established. Osaka R&D Laboratory is established.

1992

The Laurel Handy Bill Counting Machine (HBC-10) wins the MITI Good Design Award. The fully automated money accounting system (MACS Series) is developed.

1994

The simple money-depositing/change-making machine is developed.

1995

Joint venture company, LAUREL NGZ S.A. is established in Paris, France.

1996

The high-speed coin recognition system and slim-type note depositing /dispensing machine are developed. The combined note and coin depositing Machine is developed.
Company celebrates its 50th anniversary. Joint venture established in China- Shenyang Laurel Bank Machines Co., Ltd.
The space-saving bill depositing machine is developed.

1997

Tokyo factory passes Quality System Standard ISO 9001.
Obtains ISO 9001 certification for Tokyo factory.

1998

The coin and note recycler (LADY-e) linking POS system is developed.

1999

Coin wrapping machine with high speed Image Inspection is developed. The fully automated cash processing system (Axis Series) is developed. Note sorter (TDU-50) is developed for overseas market. New type of note counter (F-2000) is developed.

THE 2000's

2000

The fully automated note sorting and binding machine (BA-100) is developed.

2001

The fully automated coin and note recycling machine (CBM-10) for front tellers is developed.

2003

The coin and note recycler (LADY-f) linking POS system is developed.

2005

The note depositing and sorting machine (PM-2000) is developed. The depositing machine (LDS-10) is developed.

2007

Tokyo and Osaka factories pass Quality System Standard ISO 14001.
Obtains ISO 14001 certification for Tokyo and Osaka factories.

2008

The fully automated coin and note recycling machine (CBM-20) for front tellers is developed. The coin and note recycler (ACM-10) is developed. The key controlling machine (KM-30) is developed. Obtains ISO 14001 certification for Sales & Marketing Division and extends to all divisions.
Obtains ISO 14001 certification for Sales & Marketing Division and extends to all divisions.

2009

Shenyang Laurel Bank Machines Co., Ltd. changes management from joint venture to 100% ownership.

THE 2010's

2013

LBM ITALIA is established.