NOK divests OA roller business, expects 10 bn yen extraordinary loss

NOK Corporation announced today the sale of Synztec, its 100% subsidiary, and seven roller product business subsidiaries to a special purpose corporation managed by SMBC Capital Partners. The transfer, scheduled for December 2025, follows NOK's strategy of optimizing resource allocation within a challenging OA machinery market.

This divestiture is expected to result in an extraordinary loss of approximately 10 billion yen from the sale of subsidiary shares in the third quarter of the fiscal year ending March 31, 2026. While this loss was not factored into initial forecasts, NOK anticipates offsetting this impact with higher-than-expected gains from the sale of investment securities, maintaining its initial full-year profit forecast.

Synztec and its subsidiaries will be excluded from NOK’s consolidated scope post-transfer. In the fiscal year ended March 2025, the Synztec group reported net assets of 17,027 million yen, total assets of 22,249 million yen, and net sales of 22,898 million yen on a consolidated basis. Synztec Precision Parts (Shenzhen) Co., Ltd. reported net sales of 270,399 thousand yuan for the same period.