NTN Corporation and NSK Ltd. concluded a basic agreement on business integration through the establishment of a joint holding company on May 12, 2026, with plans to establish the new holding company in October 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Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-05-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/6472-20260512-01.pdf","jir_short_summary":"NTN Corporation and NSK Ltd. concluded a basic agreement on business integration through the establishment of a joint holding company on May 12, 2026, with plans to establish the new holding company in October 2027.","jir_summary":"### Purpose and Background of the Business Integration\nNTK Ltd. (NTK) and NTN Corporation (NTN) have reached a basic agreement on establishing a joint holding company to consolidate their strengths and aim for sustainable business foundation and long-term, profitable growth. Both companies operate globally in the bearing and precision machinery sectors and are responding to environmental changes such as intensified competition in Western markets and sluggish growth in China by promoting structural reforms and production reorganization.\n\n### Method and Schedule of Business Integration\nThis business integration will be implemented via a share transfer method, with a board resolution and basic agreement concluded on May 12, 2026. The final contract is scheduled to be concluded within six months after the basic agreement, seeking approval at their respective general meetings of shareholders in June 2027. The joint holding company is planned to be established in October 2027 and listed on the Tokyo Stock Exchange Prime Market. With the establishment of the new holding company, both companies will become wholly owned subsidiaries and their stock listings will be discontinued.\n\n### Post-Integration Management Strategy and Organizational Structure\nPost-integration, strategic pillars include optimal utilization of management resources, portfolio transformation, expansion into high value-added areas, new business creation, and strengthening of production and procurement. The goal is to realize synergies early. The new holding company will have governance functions, maintaining management autonomy as a fully owned subsidiary of both companies, while promoting smooth group management strategies. The composition of the Board of Directors and nomination committees will be decided through mutual consultation.","jir_financial_highlights":"NTK Ltd. Capital: 67,176 million yen (as of the end of March 2026) (unknown)\nNTN Corporation Capital: 54,346 million yen (as of the end of September 2025) (unknown)\nNTK Ltd. Consolidated Number of Employees: 26,278 people (as of the end of March 2026) (unknown)\nNTN Corporation Consolidated Number of Employees: 21,996 people (as of the end of March 2025) (unknown)\nNTK Ltd. Total Outstanding Shares: 500,000,000 shares (as of the end of March 2026) (unknown)\nNTN Corporation Total Outstanding Shares: 532,463,527 shares (as of the end of September 2025) (unknown)","jir_category":"","jir_hashtags":"#NTK, #NTN, #BusinessIntegration, #JointHoldingCompany, #OrganizationalRestructuring","jir_key_figures":"Scheduled date for establishing the joint holding company: October 2027\nDate of basic agreement: May 12, 2026\nScheduled date for the general meetings of shareholders: June 2027","jir_meta_title":"\u3010NTN\u3011 Basic Agreement on Business Integration through Establishment of a Joint Holding Company | May 2026","jir_meta_description":"NTN Corporation and NSK Ltd. concluded a basic agreement on business integration through the establishment of a joint holding company on May 12, 2026. The new holding company is scheduled to be established in October 2027, aiming to leverage both companies\u2019 strengths and achieve sustainable growth.","jir_og_title":"\u3010NTN\u3011 Basic Agreement on Business Integration through Establishment of a Joint Holding Company | May 2026","jir_og_description":"NTN and NSK agree on business integration via a joint holding company. Scheduled for October 2027, aiming to strengthen business foundations and achieve sustainable growth.","jir_og_image_url":"\/assets\/og\/company-corporate_restructuring.jpg","jir_chart_data_collection":"[]","ir_related_company":9018,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-48215","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n