EAGLE INDUSTRY CO.,LTD. [6486.T]
TOKYO, May 21 (Pulse News Wire) – Eagle Industry CO.,LTD. (6486.T) announced plans to merge with its affiliate NOK Corporation through the establishment of a holding company named “NOK Group Corporation.” The merger agreement was signed on November 10, 2025, and is expected to be finalized after approval at the scheduled shareholders’ meetings in June 2026.
The new holding company will commence operations on October 1, 2026. As of March 31, 2026, NOK Corporation holds 32.3% of Eagle Industry's voting rights, making it the largest shareholder.
Eagle Industry operates independently while maintaining certain business relationships with NOK, such as a sales agency contract for automotive products targeted at domestic customers. In addition, Eagle Industry reported transactions with NOK Corporation from November 10, 2025, to March 31, 2026.
Under the agency agreement, Eagle Industry sold oil seals and related products worth ¥18.139 billion to NOK Corporation, resulting in accounts receivable of ¥1.652 billion at the end of the reporting period.
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