NOK and Eagle Industry, major auto-parts makers, announced their management integration. The post-integration joint holding company NOK Group will be listed on the TSE Prime Market, with revenue expected to be approximately ¥916 billion for the fiscal year ending March 2026 and market capitalisation expected to be around ¥1 trillion.
On 1 October, NOK and Eagle Industry completed their management integration, and the joint holding company NOK Group was listed on the TSE Prime Market. A simple aggregation of the two companies' revenue comes to approximately ¥916 billion, marking the expected creation of a major auto-parts maker approaching ¥1 trillion in scale.
The stock rose from an opening price of ¥2,988 to close at ¥3,100 on the first day of listing, but turned lower from the following day onward. It closed at ¥2,763 on 23 October, remaining approximately 10% below its first-day level.
This article focuses on the background to NOK and Eagle Industry integrating again after having once separated, as well as developments surrounding the market's reaction following the integration.