NOK’s results for the first quarter of the fiscal year ending March 31, 2023 (April-June 2022) showed sales of 161.031 billion yen ($1.193 billion), up 2.7 percent year-on-year; operating loss of 1.394 billion yen (versus 6.882 billion yen profit in the same period last year); ordinary income of 4.941 billion yen, down 54.6 percent; and net income of 2.053 billion...
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NOK has completed its plans to boost production capacity for O-rings at its Vietnamese plant in Bien Hoa, Dong Nai. CEO Masao Tsuru and other NOK executives visited the plant on July 25 to mark the occasion. With an investment of approximately 3.5 billion yen ($26.78 million), NOK has increased its production space at the Vietnamese plant by around 40...
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NOK Corp. (TYO:7240) is advancing negotiations with its customers to seek agreement on a price hike for its seal products. This would include the company’s oil seals, O-rings, gaskets and more. A leading Japanese manufacturer of seal products, NOK announced back on Sept. 6 that it would be increasing prices on its seal products by up to 20 percent starting...
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NOK Corp. (TYO:7240) recently announced that it has decided to raise prices on products sold via domestic distributors to the likes of the general industrial machinery industry. The price revision here is set to apply to oil seals, O-rings and other such seal products listed in NOK’s catalog, albeit with a number of exceptions. Set to come into effect starting...
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Kiyoshi Doi, president of major oil seal producer NOK Corp. (TYO:7240), recently provided his thoughts on how the ongoing trade war between the U.S. and China is impacting his company’s business. NOK’s operations see the company ship products both from the U.S. to China and vice versa, Doi said. He therefore expects that tariffs being placed on these products will...
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More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...
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