NOK

Sealing Giant NOK Announces 47.9B Yen Investment to Increase Production

NOK Corp. (TYO:7240) President Kiyoshi Doi recently commented on the solid performance of his company’s seal business for the fiscal year ended March 31, 2018. Orders have been higher than expected, he said, leaving the company operating at full capacity – and so, he continued, NOK will make major investments this fiscal year to expand its facilities. Doi explained that...

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Seals, Electronic Components Drive Higher Income and Profit for NOK in First Half

NOK Corp. (TYO:7240) has released its results for the second quarter of fiscal 2017. The major oil seals manufacturer posted net sales of 357.04 billion yen ($3.14 billion), up 6.7 percent year-on-year; operating income of 20.1 billion yen, up 77 percent; ordinary income of 26.6 billion yen, up 175.7 percent; and quarterly net profit of 16.25 billion yen, up 246.1...

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Japan’s Top 100 Rubber Companies Total Around 4 Trillion Yen in Sales for 2016

Japan Rubber Weekly recently conducted a study of the top 100 companies in Japan’s rubber industry, analyzing their business performance for fiscal 2016. Of these 100 companies, 48 posted a year-on-year revenue increase. Seven companies managed a double-digit increase to revenue, including NOK Elastomers Processing Co. Ltd., which ranked 42nd out of the 100 companies with an 11.9 percent increase,...

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NOK Sees Sales Increase 12% in Q1

NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted first quarter sales of 164.91 billion yen ($1.49 billion) for April–June, representing a year-on-year increase of 12.8 percent. NOK’s operating profit for the first quarter was 6.04 billion yen compared to 3.77 billion yen for the same period of the previous year. Ordinary income was 9.87 billion yen, representing a...

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NOK Seal Business Performs Well Amid Otherwise Declining Sales, Profits

NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted sales of around 713,138,000,000 yen ($6.29 billion) for the fiscal year ending March 2017, representing a year-on-year decline of 4.4 percent. Meanwhile, operating profit was down 17.6 percent year-on-year to 39,776,000,000 yen, ordinary income dropped 14.9 percent to 45.79 billion yen, and net income for the year fell 9.1 percent...

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NOK Develops Low-Torque Rotary Seal Rings

NOK Corp. (TYO:7240) has developed two new low-torque rotary seal rings, the TS-Ring and the CT-Ring, for use in automatic transmission (AT) and continuously variable transmission (CVT) vehicles. Both rings exhibit world-first technology, utilizing dynamic pressure and an outer sliding surface to achieve low-torque performance. As the automotive industry strives to improve fuel efficiency, there is an increased need for...

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