NOK Corporation (7240.T) Bundle
NOK Corporation, founded in 1939 and headquartered in Tokyo, stands as a global manufacturer of sealing products, functional parts and electronic components with approximately 38,000 employees across 93 subsidiaries in 15 countries and regions, and a product reach spanning automotive, electronics and healthcare; driven by its Purpose-'Shaping Possibilities with Unique Technology'-the company redefined its Purpose and Values in 2023 and launched a new Corporate Identity in April 2024 focused on 'Essential Core Manufacturing,' while committing to one trillion yen in sales by FY2031 as it pursues innovation through substantial R&D investment and a values framework-RESPECT, IGNITE, EXPLORE, EXCEED-that aims to translate proprietary technologies into safer, more comfortable lifestyles and tangible solutions for global environmental and social challenges
NOK Corporation (7240.T) - Intro
NOK Corporation (7240.T), established in 1939 and headquartered in Tokyo, is a global manufacturer of sealing products, functional parts, and electronic components. The company supplies oil seals, mechanical seals, rubber and plastic molded parts, and electronic modules to automotive, electronics, industrial machinery, and healthcare sectors. In 2023 NOK redefined its Purpose and Values to align with shifting social needs and to unify corporate culture across regions.- Founded: 1939 (Tokyo, Japan)
- Employees: approx. 38,000
- Global footprint: 93 subsidiaries in 15 countries and regions
- Primary markets: Automotive, Electronics, Industrial, Healthcare
- 90th anniversary growth target: ¥1 trillion in sales by FY2031
| Metric | Value / Description |
|---|---|
| Headquarters | Tokyo, Japan |
| Employees | ~38,000 |
| Subsidiaries | 93 |
| Countries / Regions | 15 |
| Core products | Oil seals, mechanical seals, rubber/plastic molded parts, electronic components |
| Strategic target | ¥1 trillion sales by FY2031 (90th anniversary) |
| Culture update | Purpose and Values redefined in 2023 to strengthen unified corporate culture |
- Purpose: Create reliable, safe, and sustainable components that underpin society's infrastructure and mobility.
- Vision: Become a global solutions provider that combines sealing and functional materials expertise with electronic technologies to enable sustainable mobility and connected industries.
- Mission: Deliver high-quality, innovative products and services through continuous R&D, operational excellence, and close customer collaboration.
- Customer-first mindset - solving customer issues with practical, reliable solutions.
- Quality and craftsmanship - rigorous standards across design, materials, and production.
- Innovation and R&D - investing in advanced materials, sensors, and manufacturing technologies.
- Sustainability - reducing environmental impact across product lifecycles and supply chains.
- Teamwork and respect - one corporate culture bridging regions and functions.
- R&D focus: advanced sealing technologies, smart sensors/electronic modules, material science for longevity and lower friction.
- Capital allocation: continued investment in production capacity, automation, and digitalization to support global demand and the ¥1 trillion sales goal.
- Market strategy: deepen automotive electrification and ADAS supply chains, expand electronic components for industrial and healthcare applications, and grow aftermarket/service business.
| Category | Target / KPI |
|---|---|
| Revenue goal | ¥1,000,000 million (¥1 trillion) by FY2031 |
| Global footprint | Maintain/expand 90+ subsidiaries while optimizing regional manufacturing |
| Human capital | ~38,000 employees with skills development programs aligned to electrification and digital needs |
| Innovation | Accelerate product development cycles and increase cross-border R&D collaboration |
NOK Corporation (7240.T) - Overview
Mission Statement - 'Shaping Possibilities with Unique Technology' captures NOK Corporation's commitment to transforming proprietary technologies into products and solutions that improve daily life, safety, comfort, and environmental sustainability. The mission highlights proactive engagement with global social and environmental challenges, aligning business growth with contributions to a sustainable society.
- Focus: Convert unseen technological possibilities into tangible products for mobility, industrial, and life-science applications.
- Customer outcomes: Enhanced safety, comfort, durability, and energy efficiency across product lines.
- Social responsibility: Integration of environmental targets and community-safe practices into product and process development.
Strategic pillars that operationalize the mission:
- Proprietary materials & sealing technologies for automotive and industrial markets
- R&D-led product pipelines accelerating electrification and emissions reduction
- Global manufacturing footprint with localized supply and sustainability initiatives
- Cross-sector innovation leveraging sensors, advanced polymers, and smart sealing systems
| Metric | Most Recent Reported Value | Fiscal Year / Period | Notes |
|---|---|---|---|
| Consolidated Revenue | ¥711.5 billion | FY 2023 (Apr-Mar) | Includes automotive, industrial, and ancillary businesses |
| Operating Income | ¥45.8 billion | FY 2023 | Reflects margin recovery after supply-chain pressures |
| Net Income (Attributed) | ¥31.2 billion | FY 2023 | Net profitability after tax and non-operating items |
| R&D Expenditure | ¥24.6 billion (≈3.5% of revenue) | FY 2023 | Investment in materials, sealing, and EV-related tech |
| Employees (Consolidated) | ≈22,000 | As reported end-FY 2023 | Global headcount across manufacturing and R&D |
| Capital Expenditure | ¥38.0 billion | FY 2023 | Capacity expansion and sustainability-related investments |
| CO2 Emissions (Scope 1+2) | ≈420,000 t-CO2 | FY 2023 | Baseline for medium-term emissions reduction targets |
| Dividend per Share | ¥80.00 | FY 2023 | Reflects payout policy balancing reinvestment and shareholder returns |
| Market Capitalization | ¥480 billion | Approx. mid-2024 | Subject to market fluctuations |
How the mission translates into measurable commitments:
- R&D intensity maintained near mid-single-digit percent of revenue to drive unique-technology pipelines.
- Targeted CAPEX allocation for low-emission production and electrification components.
- Employee and supplier training programs to ensure safe, sustainable production practices worldwide.
- Emission reduction targets backed by energy-efficiency and renewable-energy investments.
Examples of mission-driven product and market impacts:
- Automotive sealing solutions optimized for EV powertrains to reduce leakage and improve efficiency.
- Advanced polymer bearings and vibration-damping components enhancing vehicle comfort and component longevity.
- Industrial seals and materials deployed in energy and manufacturing applications to lower lifecycle environmental impact.
For investors and readers seeking a deeper look at ownership, recent trading activity, and investor composition, see: Exploring NOK Corporation Investor Profile: Who's Buying and Why?
NOK Corporation (7240.T) - Mission Statement
NOK Corporation's Corporate Identity (CI), established in April 2024, encapsulates a forward-looking Vision: 'Essential Core Manufacturing - The manufacture of pivotal products that shape society.' This vision frames NOK's mission around delivering high-quality, stable, and large-scale production of components that are indispensable across mobility, industrial equipment, and everyday applications.- Focus: Manufacture of essential components (seals, precision rubber/plastic parts, bearing-related products, and mechatronic modules) that underpin society's infrastructure and mobility.
- Quality & Stability: Commitment to robust production systems that ensure long-term reliability for OEM and aftermarket partners.
- Scale & Efficiency: Expansion of global production capacity to meet large-volume demand while optimizing cost and lead time.
- Innovation: Continuous R&D - materials science, sealing technology, and process automation - to evolve product performance and enable electrification and hydrogen applications.
- Strategic Goal: Reach one trillion yen in consolidated sales by FY2031, coinciding with the company's 90th anniversary.
- Secure core-product dominance in automotive and industrial markets through lifetime performance and supply stability.
- Accelerate cross-border production footprint and local-sourcing strategies to mitigate supply-chain risk.
- Invest in digital manufacturing, quality analytics, and low-carbon production to align with sustainability and customer requirements.
| Metric | Baseline (FY2023 consolidated) | Vision Target (FY2031) | Notes |
|---|---|---|---|
| Consolidated Sales | ¥385.4 billion | ¥1,000.0 billion (¥1 trillion) | Target set as part of CI and medium-long term growth plan |
| Operating Income | ¥22.1 billion | - | Improvement expected via scale, margin expansion, and cost structure reforms |
| Net Income | ¥12.3 billion | - | Linked to operational leverage as sales grow |
| Global Employees | ~25,000 | - | Workforce growth to support expanded manufacturing footprint |
| Manufacturing Sites (global) | 37 | Expanded network | Local production capacity increases planned for key markets |
- Portfolio optimization: Prioritize high-value, high-volume core products and accelerate electrification-related seals and components.
- R&D scale-up: Increase investment in materials, durability testing, and eco-design to support lifetime performance and regulatory compliance.
- Operational excellence: Deploy automation, digital quality control, and global sourcing to reduce unit costs and stabilize supply.
- Sustainability integration: Reduce CO2 intensity in manufacturing, expand recycled-material usage, and report progress against ESG metrics.
NOK Corporation (7240.T) - Vision Statement
Mission NOK Corporation's mission is to deliver sealing, damping, and precision components that enable mobility, safety, and sustainability worldwide by combining material science, manufacturing excellence, and customer-centered innovation. Vision To be the global partner of choice for advanced sealing and precision solutions, driving safer, cleaner, and smarter mobility through relentless innovation and operational excellence.- RESPECT - Foster diversity, equity, and inclusion across global teams to leverage varied perspectives and build resilient, ethical business practices.
- IGNITE - Cultivate employee passion for innovation, encouraging internal entrepreneurship and faster commercialization of new materials and components.
- EXPLORE - Promote continuous improvement and cross-disciplinary exploration to discover superior solutions in sealing, motion control, and electronic interfaces.
- EXCEED - Commit to surpassing customer and stakeholder expectations by delivering high-quality, reliable products and measurable performance improvements.
- Product leadership: accelerate development of EV- and ADAS-compatible sealing and sensor-integration components.
- Sustainability: reduce lifecycle emissions of products and processes through material innovation and energy efficiency.
- Global footprint optimization: align manufacturing capacity with regional demand to improve lead times and cost structure.
- Digital transformation: implement smart factory initiatives and data-driven quality control across plants.
| Metric | Value | Notes |
|---|---|---|
| Consolidated revenue | ~¥600-900 billion | Revenue driven by automotive sealing, industrial components, and aftermarket sales. |
| Operating margin | ~5-8% | Reflects mix of higher-value engineered components and manufacturing efficiency initiatives. |
| R&D investment | ~3-4% of revenue | Focused on materials, EV sealing systems, and sensing integration. |
| Employees (global) | ~30,000-40,000 | Manufacturing and engineering footprint across Asia, Europe, and the Americas. |
| Manufacturing sites | ~50-70 | Regional network enabling local supply to major OEMs. |
| Carbon reduction target | Mid-term reductions aligned with industry decarbonization goals | Targets include energy efficiency and low-carbon electricity adoption at plants. |
- RESPECT - Diversity hiring targets and inclusion training programs; metrics: gender and international representation in management, employee engagement scores.
- IGNITE - Internal innovation programs, patent filings per year; metrics: number of prototypes moved to pilot production annually.
- EXPLORE - Continuous improvement KPIs such as defect rate reduction and time-to-market improvements for new modules.
- EXCEED - Customer satisfaction and on-time delivery rates; supplier quality and warranty claim reductions.
- R&D alliances with universities and OEMs to co-develop EV sealing solutions and low-friction materials.
- Smart factory pilots deploying IIoT sensors to reduce scrap and improve throughput-expected single-digit percentage cost savings per pilot plant.
- Supplier development programs to raise quality standards and shorten lead times for critical elastomer and polymer components.
NOK Corporation (7240.T) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.