What Nippon Mektron does

MEKTEC Corporation (commonly referred to in English-language industry sources as Nippon Mektron) is the flexible printed circuit (FPC) business unit of Japan's NOK Group, operating as a wholly-owned subsidiary. The company manufactures thin, lightweight, and flexible printed circuit boards that enable miniaturization and high functionality of electronic devices. MEKTEC was formally incorporated as a separate legal entity on July 1, 2024, inheriting NOK Group's electronic components operations, and traces its operating history back to 1969. The company is headquartered in Minato-ku, Tokyo, and employs between 1,001 and 5,000 people globally.

MEKTEC's product portfolio is organized into four segments: Mobility (automotive electronics including EV/ADAS applications and voltage monitoring FPC), Consumer Business (smartphones, wearables, and consumer electronics), Beauty & Healthcare (medical devices, swallowing function evaluation stretchable FPC co-developed with Iwate University, and hydrogel-attached stretchable FPC adopted by YA-MAN), and Emerging Technologies (5G, IoT, AI hardware, and infrastructure management). Underlying capabilities include proprietary material development technology, advanced analysis and analytics technology, and circuit design capabilities. Differentiated specialty products include hydrogel-attached stretchable FPC (developed November 2023), strain sensor technology for infrastructure management (September 2025), and conductive adhesive for biological use (October 2022). Named enterprise customers include Volkswagen and YA-MAN.

The company operates a global development, production, and sales organization spanning Japan, Taiwan, China, Korea, Vietnam, and Germany. MEKTEC generates revenue primarily through B2B hardware sales of FPC components to OEM manufacturers on a quote-based pricing model. It sells through direct enterprise field sales relationships, supported by participation in industry exhibitions such as CES 2026 and nano tech 2026. The company maintains no public listing, having been formalized as a private subsidiary of NOK Group in 2024, and has no disclosed independent venture capital or private equity investment. Recent strategic activity includes a USD 27.4M Vietnam capacity investment, German subsidiary integration, and multiple specialty product launches targeting medical, automotive, and industrial sensing applications.

Name

Nippon Mektron

Legal name

MEKTEC Corporation

Website

https://mektron.co.jp

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MEKTEC Corporation (Nippon Mektron) is a Japan-based wholly-owned subsidiary of NOK Group that manufactures flexible printed circuits (FPCs) for automotive, consumer electronics, medical, and emerging technology OEMs globally.

Ownership category

akta.pro rank

Headquarters

HQ city

Minato

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Flexible Printed Circuit (FPC) Components Sales: Revenue generated from manufacturing and selling flexible printed circuit boards to OEM manufacturers across multiple industries including automotive, consumer electronics, medical devices, and telecommunications equipment

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

MEKTEC Corporation manufactures and sells Flexible Printed Circuits (FPC) — thin, lightweight, and flexible circuit boards that enable miniaturization and high functionality of electronic devices. The company supplies these FPC components to OEM manufacturers across mobility/automotive (including EVs, ADAS, and voltage monitoring), consumer electronics (smartphones, wearables), beauty and healthcare (medical and aesthetic devices), and emerging technology (5G, IoT, AI hardware, infrastructure sensors) sectors through a global development, production, and sales organization.

Product overview

MEKTEC Corporation (formerly NOK Micro-Connect Corporation, renamed July 1, 2024) is the FPC (Flexible Print Circuit) business unit of NOK Group. The company offers a comprehensive portfolio centered on flexible printed circuits, organized into four business segments: Mobility (automotive applications including EV components and voltage monitoring FPC), Consumer Business (smartphones and electronics), Beauty & Healthcare (medical devices including swallowing function evaluation FPC and hydrogel-attached stretchable FPC), and Emerging Technologies. Supporting these products are core technology capabilities in Material Development, Analysis & Analytics, and Design Capabilities. The company also develops specialized products such as strain sensors for infrastructure management and biological-use conductive adhesives.

Differentiator

Problem solved

Functional benefit

Products and services

• Flexible Printed Circuit (FPC) Thin, lightweight, and flexible printed circuits that enable miniaturization and advanced functionality of electronic devices; sold to OEM manufacturers across automotive, consumer electronics, healthcare, and emerging technology applications.
• Voltage Monitoring FPC FPC product for voltage monitoring in automotive electronics; designed for OEM automotive applications and adopted by Volkswagen.
• Hydrogel-Attached Stretchable FPC Stretchable flexible printed circuit with hydrogel attachment enabling skin-contact and wearable applications for medical and beauty device OEMs; adopted by YA-MAN.
• Swallowing Function Evaluation Stretchable FPC Specialized stretchable FPC for evaluating swallowing function in healthcare and rehabilitation applications, co-developed with Iwate University.
• Strain Sensor for Infrastructure Management New strain-measurement sensor technology for infrastructure monitoring applications, including civil engineering and structural health use cases.
• Conductive Adhesive for Biological Use Conductive adhesive technology developed for biological and biomedical applications, enabling electrical contact with skin or tissue in medical devices.

Quantifiable outcome

• High-speed PCBs identified as critical components supporting data centers, 5G infrastructure, AI, cloud computing, and automotive electronics
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Iwate University (岩手大学)coreStrategic or Co-development Partner · 15 October 2025Joint development partnership with Iwate University to develop 'Stretchable FPC for Swallowing Function Evaluation' (嚥下機能評価用伸縮FPC), a specialized stretchable flexible printed circuit for medical swallowing function assessment applications. This represents a strategic collaboration applying Mektec's FPC technology to healthcare diagnostics.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AT&S (Austria Technologie & Systemtechnik): European-headquartered PCB and substrate manufacturer competing with MEKTEC in high-end PCB and IC substrate segments, particularly for automotive and high-performance computing customers.
• Compeq Manufacturing: Taiwan-based PCB manufacturer with HDI and rigid-flex capabilities that overlap directly with MEKTEC's product portfolio in computing, communications, and consumer electronics applications.
• Shennan Circuits: China-based PCB manufacturer with a strong position in automotive PCBs, directly comparable to MEKTEC's automotive/mobility FPC business, and named alongside it as a key player in the automotive PCB market.
• TTM Technologies: US-based major PCB manufacturer directly comparable to MEKTEC in the high-speed and automotive PCB markets, serving overlapping OEM customers across automotive, aerospace, and communications.
• Ibiden Co., Ltd. Japanese PCB and electronic components manufacturer with comparable HDI and packaging substrate capabilities to MEKTEC, frequently cited together in global PCB competitive landscape analyses.
• Sumitomo Electric Industries: Japanese diversified manufacturer with a significant flexible printed circuit (FPC) business directly competing with MEKTEC. Explicitly named alongside MEKTEC as a key player in the global flexible printed circuit boards market.
• Fujikura Ltd. Japanese electronics company with a strong FPC product portfolio competing head-to-head with MEKTEC in flexible printed circuits for consumer, automotive, and infrastructure applications.
• Unimicron Technology Corp. Taiwan-based leading PCB manufacturer competing with MEKTEC across HDI, flexible, and high-speed PCB segments, named alongside MEKTEC in multiple industry research reports on the global PCB market.
• Zhen Ding Technology Holding: Largest global PCB manufacturer and a frequently named direct competitor of Nippon Mektron in FPC and high-speed PCB markets. Direct overlap across flexible and rigid-flex PCB product lines serving similar automotive and consumer electronics OEMs.

Broad incumbents

• Samsung Electro-Mechanics: Large Korean electronic components manufacturer with a significant PCB and substrate business serving smartphones, automotive, and servers, broadly comparable to MEKTEC's consumer and mobility segments though operating at much larger scale and broader scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nippon-mektron-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nippon Mektron