NOK Corporation

Company Profile

■URL

http://www.nok.co.jp/en/index.html

■Address

1-12-15, Shibadaimon, Minato-ku, Tokyo 105-8585 Japan

Business Overview

-An independently operated oil-seal manufacturer that is not under the umbrella of any group conglomerate. The automotive market accounts for 47.4% of the Company’s sales, which is the largest percentage. Nevertheless, in the fiscal year that ended in March 2021, the Company sold products for construction equipment, agricultural equipment, and electronic devices. According to the Company’s data, its share of oil seals in the domestic market is 70% and it is 50% in the global market. In addition, the Company claims that it has the largest market share of flexible-printed-circuit (FPC) boards not only in Japan but also the world. In 1960, it formed a business alliance with Europe’s largest oil-seal manufacturer, Freudenberg, based in Germany. The Company boasts a global supply network that incudes Japan, the Americas, Europe, and Asia. In recent years, it has started to engage in new business areas such as automotive electrification and self-driving.

-The Company’s business is organized into the following four business segments: seals, electronic devices, rolls, and other. The seal business manufactures and sells seals to the automotive industry; construction-equipment industry; and general, industrial-equipment industry. The electronic parts business supplies electronic parts such as flexible-printed-circuit boards to the electronics and automotive industries.

Shareholders

-Listed on the first section of Tokyo Stock Exchange. (As of Mar. 31, 2021)
Name or Company Name Investment Ratio (%)
Freudenberg SA 25.11
Japan Trustee Services Bank, Ltd. (Trust Account) 5.25
Showa Estate Co., Ltd. 5.07
The Master Trust Bank of Japan, Ltd. (Trust Account) 4.77
Dai-ichi Life Insurance Company, Ltd. 4.62
Toyota Motor Corp. 3.93
Sumitomo Mitsui Banking Corporation 2.47
Sompo Japan Nipponkoa Insurance Inc. 1.75
SMBC Trust Bank 1.73
NOK employees stockholding 1.61
Total 56.34

Products

-Oil seals
-O-rings
-Seal washers
-Mechanical seals
-Lip seals
-Dust covers
-Vibration isolator and sound isolating products
-Solenoid valves
-Flexible circuits

History

Dec.1939 Established Edogawa Seiki in Katsushika, Tokyo.
Oct. 1948 Renamed as Tokyo Oil Seal Kogyo.
Dec. 1951 Merged with Nippon Yushi Kogyo, and changed Company name to Nippon Oil Seal Kogyo.
June 1954 Head office and plant moved to Ota, Tokyo.
Mar. 1960 Formed a business tie-up with the German company Freudenberg.
Aug. 1960 Built Fujisawa Works (Current Shonan Development Center) in Fujisawa, Kanagawa.
Sept. 1961 Listed on the Nagoya Stock Exchange.
Oct. 1961 Listed on the Tokyo Stock Exchange.
Oct.1961 Transferred headquarters to Chuo-ku, Tokyo.
June 1963 Established Saga Plant (currently Saga business facility) in Nakahara-cho, Saga Pref.
Oct. 1964 Established a subsidiary NIHON SEAL ALL Inc. (currently Eagle Industry Co., Ltd., an
affiliated company).
Jan. 1966 Head office moved to the current location.
Aug. 1967 Established Shizuoka Plant (currently Shizuoka business facility) in Makinohara-shi, Shizuoka Pref.
Apr. 1968 Established a subsidiary, NOK-USA., Inc., currently NOK Inc., in the United States.
April 1968 Established Fukushima Plant (currently Fukushima business facility) in Fukushima, Fukushima Pref.
April 1970 Established Kumamoto Plant (currently Kumamoto business facility) in Asa, Kumamoto.
Dec. 1974 Established Tokai Plant (currently Tokai business facility) in Kikukawa-shi Shizuoka Pref.
Dec. 1976 Established NOK Cluver, a subsidiary.
Dec. 1978 Established NOK Megrastic, a subsidiary.
Jan. 1982 Eagle Industry Co., Ltd., an affiliated company was listed on the Tokyo Stock Exchange.
July 1985 Changed name from Nippon Oil Seal Kogyo to NOK Corporation.
Aug. 1987 Established Nihonmatsushi business facility in Nihonmatushi, Fukushima Pref.
Oct. 1988 Established a subsidiary in Thailand, Thai N.O.K. Co., Ltd.
Mar. 1989 Established NOK EG&G Optelectronics (currently NEOPT Corp.), a subsidiary.
July 1989 Its U.S. subsidiary, NOK Inc., established Freudenberg NOK GP with the U.S. subsidiary of Freudenberg.
Aug. 1989 Established Tsukuba Technology Research Center in Tsukuba, Ibaraki Pref.
Jun. 1995 Established a subsidiary in China, Wuxi NOK-Freudenburg Co., Ltd.
July,1996 Established a subsidiary, NOK Asia Co., Pte. Ltd., in Singapore.
Mar,2000 Started negotiations with Freudenberg GmbH with regard to the O-ring business, focusing on marketing in response to global shared ordering.
Apr,2001 Invested 1 billion yen to establish a wholly-owned subsidiary and plant in Thailand to produce HDD components. Will shift production from Japanese plants and concentrate it in this new plant, which currently produces 30% of total sales. Projected increase to 40%.
July 2001 Concentrated the main oil seal business at Fukushima business facility. Transferred and integrated the Fujisawa business facility's machine tool oil seal R&D functions to the Fukushima facility.
Apr. 2002 Span off a subsidiary UNIMATEC from another subsidiary Nippon Mektron, Ltd.
Jan. 2004 Newly established its Tottori plant in Nambucho, Tottori Prefecture.
Mar. 2004 Acquired all the shares in Hokushin Corporation and made it its subsidiary.
Oct. 2004 Delisted from the Nagoya Stock Exchange.
Mar. 2005 Acquired all the shares in Nitto Kogyo Corporation and made it its subsidiary.
Apr. 2005 Established Shonan Development Center in Fujisawa City, Kanagawa Pref.
Apr. 2007 Consolidated its subsidiaries, Hokushin Corporation and Nitto Kogyo Corporation, renaming them as a new company, Synztec Co., Ltd.
Apr. 2010 Established Kitaibaraki plant in Ibaraki Pref., Japan.
Oct. 2013 Split off Synztec Co., Ltd. (a subsidiary), establishing Synztec Co., Ltd. as the split-off surviving company.
Dec. 2018 Newly established Tsukuba plant in Tsukuba, Ibaraki Pref., Japan.

Supplemental Information 1