Oil seal manufacturer NOK has on June 26 launched a new global matrix structure, which combines two organizations, Business Function, a business axis, and Leading Function, a functional axis that connects 93 NOK group companies in Japan and overseas. The company will strengthen cooperation as Global One NOK and aim for further growth on a global scale. Under the new...
NOK reported a 5.7% year-on-year increase in net sales to 750.50 billion yen ($4.47 billion), a 49.0% increase in operating income to 22.91 billion yen, a 51.7% increase in ordinary income to 40.29 billion yen, and a 137.2% increase in net income to 31.60 billion yen for the fiscal year ending March 31, 2024. “Although the company did not reach...
NOK and Eneos have jointly developed “self-lubricating rubber,” a rubber material that reduces friction in oil seals and other sealing products by up to 40% compared to conventional products and maintains the same sealing performance as before even in poorly lubricated environments. In industries where sealing products are in demand, the amount of lubricating oil used is being reduced and...
NOK has released the industry’s first biomass type Postcone rubber pole (line-of-sight marker/lane separation marker) that utilizes plant-derived biomass material polymer. The new product uses 39% plant-derived polymer for the pipe portion of the body, which has the same characteristics as the polyurethane elastomer used in conventional products, while reducing CO2 emissions in the manufacturing process of the raw material...
Oil seal manufacturer NOK has on June 28 integrated the Environmental Management Office, the ESG Promotion Office, and the Safety and Health Promotion Department of the Operations Division and reorganized them into the Sustainability Promotion Office. NOK established “Our Purpose” and “Our Values” in May, and in the same month formulated the “Medium-Term Management Plan” and “NOK Group Sustainability Basic...
NOK reported net sales of 709.96 billion yen ($5.19 billion), up 4.0% year-on-year, operating income of 15.37 billion yen, down 50.9%, ordinary income of 26.55 billion yen, down 42.5%, and net income of 13.32 billion yen, down 48.4%, for the fiscal year ended March 31, 2023. By segment, the sealing business posted sales of 347.06 billion yen, up 3.2%, and...
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