NOK and Eagle Industry will integrate their operations, establish joint holding company NOK Group and list it on the TSE Prime Market. There have also been reports that the companies are targeting a ¥1 trillion scale, while some reports indicate that the stock price movement has been sluggish.
NOK and Eagle Industry have integrated their operations, and joint holding company NOK Group has been established.
NOK Group is expected to list on the TSE Prime Market and demonstrate the benefits of the business integration to the market.
Reports suggest that the integration is expected to create a company with a ¥1 trillion scale, attracting attention to its future growth prospects, while the stock price reaction is reportedly lackluster.