IB Daiwa has manufactured and sold twine since 1947, when it was first incorporated as "Houkoku Twine Co., Ltd.." IB Daiwa also conducts wholesale of rice and vegetables.

Textile and other businesses are legacy businesses that are peripheral to the main natural resources business. These businesses have been reviewed and reorganized to ensure that they can be managed on a stand-alone basis with minimal impact on the operating and financial efficiency of the main natural resources business.