NOK announced that for the first half (April-September) of the fiscal year ending March 31, 2025, net sales were 393.67 billion yen ($2.56 billion), up 11.1% year-on-year, operating income was 19.08 billion yen, up 292.4%, ordinary income was 21.12 billion yen, up 28.8%, and net income was 13.60 billion yen, up 11.7%. “Both sales and operating income were higher than...
NOK group company Freudenberg NOK has built a new plant for automotive sealing products in Morinda, India, and held an opening ceremony on October 15. The Morinda plant was constructed following the termination of the contract for the Basma plant in the state of Punjab, with a view to increasing production in India, a growing market. As a manufacturing base...
NOK’s first quarter results (April-June 2024) for the fiscal year ending March 31, 2025 were as follows: Net sales of 188.17 billion yen ($1.28 billion), up 14.8% year-on-year; operating income of 5.65 billion yen (vs. a loss of 1.23 billion yen in the same period of the previous year); ordinary income of 12.04 billion yen, up 86.8%; and net income...
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...
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