- Business
- Oiles Corporation manufactures and sells oil-less bearings, structural equipment, and construction equipment primarily in Japan and internationally. The company operates through four main segments: Bearing Equipment, which develops, manufactures, and sells oilless bearings including resin, multi-layer, metal, and air bearings, mold products, slide shifters, flange and straight bushings, washers, thrust washers, plates, die components, and sintered vents; Structural Equipment, which provides seismic isolation devices such as OILES LRB, damping devices, vibration suppression equipment, and bridge bearings; Construction Equipment, which includes window operators, smoke exhaust and ventilation systems, environmental equipment, and household equipment; and Others, which handles conduction equipment and related products. Oiles bearings serve industries including automotive for ball joints, sliding surfaces, door assemblies, and pivot joints; industrial and construction for conveyors, rollers, guide wheels, and cylinders; agriculture and forestry; energy and utilities such as hydroelectric turbines, dam gates, pumps, and valves; and food processing. The company, founded in 1952 as Nippon Oilless Bearing Research and Development Co., Ltd. and renamed Oiles Industry Co., Ltd. in 1966, maintains headquarters at 8 Kirihara-cho, Fujisawa-shi, Kanagawa, Japan, with additional offices in Tokyo and subsidiaries including Oiles America Corporation in the U.S., Oiles Tribomet GmbH in Germany, Oiles India Private Limited, Oiles (Thailand) Company Limited, and facilities in China and the Czech Republic. Recent developments include the formulation of the Medium-Term Management Plan 2024-2026 to advance toward OILES 2030 VISION with a focus on sustainable growth in bearings, structural devices, and architectural devices; an ongoing share buyback program initiated in November 2024 with progress updates through 2025; and the cancellation of a prior acquisition of the remaining 7% stake in subsidiary Oiles Nishi Nihon Hanbai Co., Ltd.