Koyo Sealing Techno, a JTEKT Group company, has developed the “JTEKT Ultra Compact Seal” (JUCS), a differential side seal with a shortened width that – in anticipation of the future expansion of the BEV electric vehicle market – contributes to the downsizing of eAxle. The company targets annual sales of approximately 500 million yen ($3.4 million). The differential side seal...
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...
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...
Oil seal manufacturer Musashi Oil Seal Mfg. Co. Ltd. prides itself on its wide product lineup, multi-item small-lot production capabilities and favorable reputation among customers. Japan Rubber Weekly recently sat down with company president Masahiro Muto to ask about the oil seal manufacturer’s business performance and management. Discussing Musashi Oil Seal’s recent business performance, Muto noted that the company made approximately...
Major manufacturer of oil seals NOK Corp. (TYO:7240) posted first quarter sales of 147.11 billion yen ($1.454 billion) for April–June, representing a year-on-year decline of 16.5 percent. Operating profit, meanwhile, plummeted 96.8 percent, dropping down to 377 million yen. Furthermore, after having enjoyed pretax profits of 15.263 billion yen for the same period in 2015, this year NOK has reported...
