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Producer Manufacturing

JTEKT Corp.

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 JPYUSD
Revenue1,428.42B12,711.50M
Gross Profit235,829M2,098.63M
Operating income40,629M361.55M
Income before tax43,448M386.64M
Net income20,683M184.05M
EBITDA107,619M957.69M
Diluted EPS60.270.53
Dividends Per Share180.16
Total Assets1,386.46B11,422.97M
Total liabilities726,045M5,981.83M
Total equity624,012M5,141.19M
Operating cash flow67,039M596.57M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 2018Mar 2019Mar 2020Mar 2021Mar 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
PER15.98
ROA1.54%
ROE3.52%
Operating margin2.84%
Profit margin1.44%

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

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