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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 2020 JPYUSD
Revenue1,418.89B13,050.22M
Gross Profit246,225M2,264.64M
Operating income37,648M346.26M
Income before tax15,073M138.63M
Net income-3,794M-34.89M
EBITDA102,277M940.68M
Diluted EPS-11.06-0.10
Dividends Per Share380.34
Total Assets1,244.21B11,525.29M
Total liabilities712,659M6,601.44M
Total equity499,343M4,625.47M
Operating cash flow62,312M573.11M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,399.98B 1,318.31B 1,441.17B 1,520.88B 1,418.89B
Gross Profit 249,424M 243,957M 275,419M 284,751M 246,225M
Operating income 81,923M 77,444M 81,392M 72,184M 37,648M
Income before tax 73,614M 55,443M 82,842M 65,261M 15,073M
Net income 48,672M 47,523M 49,698M 27,249M -3,794M
EBITDA 140,363M 133,553M 141,806M 136,502M 102,277M
Diluted EPS 141.91 138.56 144.90 79.44 -11.06
Dividends Per Share 42 42 43 44 38
Total Assets 1,075.83B 1,117.85B 1,270.56B 1,298.06B 1,244.21B
Total liabilities 595,769M 604,942M 697,968M 712,569M 712,659M
Total equity 455,250M 487,738M 533,019M 550,766M 499,343M
Operating cash flow 110,125M 99,278M 100,033M 104,147M 62,312M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 11,658.36M 12,174.16M 13,003.14M 13,714.69M 13,050.22M
Gross Profit 2,077.07M 2,252.86M 2,485.00M 2,567.76M 2,264.64M
Operating income 682.21M 715.17M 734.36M 650.92M 346.26M
Income before tax 613.01M 511.99M 747.45M 588.49M 138.63M
Net income 405.31M 438.85M 448.40M 245.71M -34.89M
EBITDA 1,168.87M 1,233.31M 1,279.46M 1,230.91M 940.68M
Diluted EPS 1.18 1.27 1.30 0.71 -0.10
Dividends Per Share 0.34 0.38 0.38 0.39 0.34
Total Assets 9,571.91M 10,031.86M 11,947.00M 11,727.57M 11,525.29M
Total liabilities 5,300.67M 5,428.89M 6,562.93M 6,437.81M 6,601.44M
Total equity 4,050.44M 4,377.07M 5,011.93M 4,975.97M 4,625.47M
Operating cash flow 917.06M 916.80M 902.56M 939.15M 573.11M

Valuation Measures

Mar 2020
PER--
ROA-0.29%
ROE-0.72%
Operating margin2.65%
Profit margin-0.26%

Key executives

  • President & Representative Director: Kazuhiro Sato
  • Representative Director & Vice President: Tomokazu Takahashi
  • Representative Director, VP & GM-Sales: Hiroyuki Kaijima
  • Senior Managing Director & GM-Administration: Kazuhisa Makino
  • Senior Managing Director & GM-Bearing: Katsumi Yamamoto

Shareholders

  • Toyota Motor Corp. (22.4%)
  • Nomura Asset Management Co., Ltd. (5.6%)
  • DENSO Corp. (5.3%)
  • Nippon Life Insurance Co. (3.2%)
  • Toyota Industries Corp. (2.2%)
  • Nikko Asset Management Co., Ltd. (2.2%)
  • Sumitomo Mitsui Trust Holdings, Inc. (2.2%)
  • Daiwa Asset Management Co. Ltd. (2.2%)
  • 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

  • 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.
  • Koyo Needle Bearings (Wuxi) Co., Ltd.

Competitors

  • Timken Company
  • Fuxin Dare Automotive Parts Co Ltd Class A
  • China Automotive Systems, Inc.
  • BorgWarner Inc.
  • KYB Corporation
  • centrotherm international AG
  • Concentric AB
  • SKF AB Class B
Last Updated on 5 Mar, 2021

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