Producer Manufacturing

JTEKT Corp.

In the news

Europe's Mexico? Sumitomo props Morocco in post-Brexit world Nov 9, 2019
Japan suppliers break out of traditional auto groups to bulk up Oct 31, 2019
China probe raises shield for domestic precision tool makers Nov 17, 2018
US green rules prompt Japan autoparts maker to boost China output Feb 25, 2018
Japanese corporate bond sales quicken on rate outlook Feb 22, 2018

Business Summary

JTEKT Corp. engages in the manufacture and sale of bearings, machine tools, driveline components, and steering products. It operates through the Machinery Parts and Machine Tools segments. The Machinery Parts segment provides steering wheels, drive train parts, and bearings. The Machine Tools segment offers machine tools, control equipment, and industrial heat treatment furnaces. The company was founded by Zenichiro Ikeda in January 1921 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2022	JPY	USD
Revenue	1,428.42B	12,711.50M
Gross Profit	235,829M	2,098.63M
Operating income	40,629M	361.55M
Income before tax	43,448M	386.64M
Net income	20,683M	184.05M
EBITDA	107,619M	957.69M
Diluted EPS	60.27	0.53
Dividends Per Share	18	0.16
Total Assets	1,386.46B	11,422.97M
Total liabilities	726,045M	5,981.83M
Total equity	624,012M	5,141.19M
Operating cash flow	67,039M	596.57M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	1,441.17B	1,520.88B	1,418.89B	1,246.28B	1,428.42B
Gross Profit	275,419M	284,751M	246,225M	198,668M	235,829M
Operating income	81,392M	72,184M	37,648M	15,913M	40,629M
Income before tax	82,842M	65,261M	15,073M	15,089M	43,448M
Net income	49,698M	27,249M	-3,794M	800M	20,683M
EBITDA	141,806M	136,502M	102,277M	78,969M	107,619M
Diluted EPS	144.90	79.44	-11.06	2.33	60.27
Dividends Per Share	43	44	38	16	18
Total Assets	1,270.56B	1,298.06B	1,244.21B	1,291.30B	1,386.46B
Total liabilities	697,968M	712,569M	712,659M	706,209M	726,045M
Total equity	533,019M	550,766M	499,343M	550,908M	624,012M
Operating cash flow	100,033M	104,147M	62,312M	91,757M	67,039M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	13,003.14M	13,714.69M	13,050.22M	11,751.05M	12,711.50M
Gross Profit	2,485.00M	2,567.76M	2,264.64M	1,873.21M	2,098.63M
Operating income	734.36M	650.92M	346.26M	150.04M	361.55M
Income before tax	747.45M	588.49M	138.63M	142.27M	386.64M
Net income	448.40M	245.71M	-34.89M	7.54M	184.05M
EBITDA	1,279.46M	1,230.91M	940.68M	744.58M	957.69M
Diluted EPS	1.30	0.71	-0.10	0.02	0.53
Dividends Per Share	0.38	0.39	0.34	0.15	0.16
Total Assets	11,947.00M	11,727.57M	11,525.29M	11,685.97M	11,422.97M
Total liabilities	6,562.93M	6,437.81M	6,601.44M	6,391.03M	5,981.83M
Total equity	5,011.93M	4,975.97M	4,625.47M	4,985.59M	5,141.19M
Operating cash flow	902.56M	939.15M	573.11M	865.16M	596.57M

Valuation Measures

Mar 2022
PER	15.98
ROA	1.54%
ROE	3.52%
Operating margin	2.84%
Profit margin	1.44%

Key executives

President & Representative Director: Kazuhiro Sato
Director, Executive Officer & GM-Bearing: Katsumi Yamamoto
Director, Executive Officer & GM-Administration: Kazuhisa Makino
Executive Officer: Makoto Sano
Director & Executive Officer: Shinji Kato

Shareholders

Toyota Motor Corp. (22.4%)
Nomura Asset Management Co., Ltd. (6.8%)
DENSO Corp. (5.3%)
Nippon Life Insurance Co. (3.2%)
Toyota Industries Corp. (2.2%)
Sumitomo Mitsui Trust Holdings, Inc. (2.2%)
Nikko Asset Management Co., Ltd. (2.2%)
Daiwa Asset Management Co. Ltd. (2.1%)
Resona Holdings, Inc. (1.9%)
Sumitomo Mitsui Financial Group, Inc. (1.8%)

Contact Details

Website:http://www.jtekt.co.jp
Address: 3-5-8 Minamisemba, Chuo-Ku, Osaka, 542-8502, Japan
Phone: +81.6.6271.8451

Related Companies

Jtekt Restricted Stock Compensation Plan
Koyo Middle East FZCO
PT JTEKT Indonesia Sales
Taiwan JTEKT Co., Ltd.
JTEKT Automotive Morocco SAS
Koyo Magnetic Bearing Co., Ltd.
JTEKT IT Center Akita Corp.
JTEKT Service Co., Ltd.
Toya Manufacturing Co., Ltd.
Tk Engineering Co., Ltd. (Aichi)
FORMICS Co., Ltd.
KOYO Steering Service Co., Ltd.
Tokio Seiko Corp.
Nippon Needle Roller Mfg. Co., Ltd.
Nagao Sangyo KK
JTEKT Malaysia Sdn. Bhd.
JTEKT Automotive Mexico SA de CV
Koyo Steering Brasil Ltda.
Koyo Joint (Xiamen) Industry Co. Ltd.
Koyo Latin America SA
TPA Engineering Corp.
JTEKT Automotive Science & Technology Center (Dalian) Co. Ltd.
JTEKT Automotive Argentina SA
Yubei Koyo Steering System Co. Ltd.
JTEKT Research & Development Center (Wuxi) Co., Ltd.
JTEKT Automotive (Thailand) Co., Ltd.
JTEKT Automotive (Tianjin) Co., Ltd.
Koyo Jico Korea Co., Ltd.
Koyo Lioho (Foshan) Automotive Parts Co., Ltd.
Koyo Bearing Dalian Co., Ltd.

Competitors

SKF AB Class B
thyssenkrupp AG
Sinomach Precision Industry Co., Ltd. Class A
Timken Company
China Automotive Systems, Inc.
centrotherm international AG

Last Updated on 30 Sep, 2022