JTEKT Corporation

Company Profile

■URL

https://www.jtekt.co.jp/e/

■Address

1-1 Asahi-machi, Kariya-city, Aichi 448-8652 Japan

Business Overview

-Manufactures and sells of steering systems, bearings, drivetrains, machine tools, electronic control devices and other products.

-The Company operates its business based on three business divisions; Automotive, Industrial/Bearings and Machining Equipment.

Segment	Products
Automotive	Electric Power Steerings (EPS), Hydraulic power steerings and other steering systems, Intelligent torque controlled couplings (ITCC), Torsen, Pressure regulation valves for FCV
Industrial/Bearings	Ball bearing, roller bearings, bearing units, and other bearings, oil seals
Machining Equipment	Grinding machines, machining centers, cutting machines, control equipment (including IoE-related products), industrial heat treatment furnaces, etc.

-According to the Company, it has the world’s largest market share in the power-steering segment.

Shareholders

-Listed on the Tokyo Stock Exchange Prime, Nagoya Stock Exchange Premier

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
Toyota Motor Corp.	22.52
The Master Trust Bank of Japan, Ltd. (Trust Account)	13.93
Custody Bank of Japan, Ltd. (Trust Account)	8.62
Denso Corp.	3.75
Nippon Life Insurance Co.	3.24
Toyota Industries Corporation	2.28
Sumitomo Mitsui Trust Bank, Ltd.	2.23
Sumitomo Mitsui Banking Corporation	1.86
Toyota Tsusho Corporation	1.74
JTEKT employee stock ownership plan	1.70
Total	61.86

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Products

Steering Systems
-Electric Power Steerings: EPS

Column type EPS
Pinion type EPS
Dual pinion type EPS
Rack direct-drive type EPS
Rack Parallel type EPS
Hydraulic-Electric type Power Steerings: H-EPS

-Hydraulic power steerings

Rack & pinion type normal hydraulic power steerings
Electronically controlled hydraulic power steerings
Ball screw type hydraulic power steerings

-Units / Components

Electric Variable-Gear-Ratio steerings: E-VGR
Variable flow control pumps: V.F.C. pumps
Steering columns
Intermediate shafts
Power steering pumps
Hydraulic hoses
Reservoir tanks
Input shafts
Lower shafts
Power boxes

Driveline
Engine
-Damper pulleys
-Drive plates

Differential Units
-Torsen Limited slip differentials

Torsen type-A
Torsen type-B
Torsen type-C
Torsen compact type-C
Torsen twin differential

-Couplings

4WD couplings
Intelligent torque controlled couplings : ITCC
Electronically controlled rotary blade couplings

-Differential carrier ASSY
-Spider

Driveshafts

Hub units
-Hub units

Taper roller hub units
Double angular contact ball bearings

-Parts for power units

Propeller shafts
-Cross bearings for propeller shafts

Transmission parts
Oil Pump
-Electric Pump for Idle-stop System
-Oil Pump

Shifters
-Standard type manual mode A/T shifter
-Standard type straight A/T shifter

Valves
-Solenoid Valves

Bearings: Automotive bearings and unit products
-Powertrain

Bearings for rocker arms
Bearings for variable valve mechanism
Bearings for balance shaft
Idler pulleys
Water pump bearings
Bearings for alternator
Clutch pulleys for alternator
Bearings for compressor pulley
Thrust bearings for compressor
Bearings for turbocharger
Oil seals

-Drivetrain

Thrust Needle Roller Bearings
Needle roller bearing for planetary gear
LFTIII
Oil seals

-Chassis

Hub Unit
Double Angular Contact Ball Bearings

-Deep groove ball bearings
-Angular contact ball bearings
-Special environment ball bearings
-Thrust ball bearings
-Self-Alighing ball bearings
-Spherical roller bearings
-Tapered roller bearings
-Cylindrical roller bearings
-Needle roller bearings

High Heat-Resistant Lithium-ion Capacitor

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History

Jan. 1921	Koyo Seiko Co. founded in Ikuno Ward, Osaka and started production of bearings.
Jan. 1935	Company reorganized as a corporation and renamed as Koyo Seiko Co., Ltd.
May 1938	Merged with the Second Koyo Seiko Factory (currently Kokubu Plant).
Aug. 1943	Acquired Koyo Seiki Industries (currently the mini and small route business section) and Hikari Heavy Industries (formerly the Tokyo Factory).
Nov. 1944	Acquired Nagao Sangyo's factory (formerly Tokushima factory).
May 1949	Listed on both the Osaka and Tokyo Stock Exchanges.
July 1949	Listed on the Nagoya, Kyoto and Fukuoka Stock Exchanges.
Apr. 1961	Constructed the Lindberg Plant (manufactures industrial furnaces) in Ikuno Ward, Osaka.
Aug. 1961	Spun off its Sawing Machinery Division and Industrial Machine Division, and formed them into a new company, Koyo Machine Industries Co., Ltd. (currently a consolidated subsidiary).
Aug. 1963	Listed on the Sapporo Stock Exchange.
Nov. 1963	Completed construction of the Tokushima Plant.
July 1967	Spun off Lindberg Plant and established Koyo Lindberg Heavy Duty Co., Ltd. as a joint venture with Sola Basic Industries Inc. (presently Koyo Thermo System Co., Ltd., a consolidated subsidiary)
Aug. 1969	Established the Hamura Plant.
Sep. 1969	Established Koyo TRW Co., Ltd. as a joint venture with TRW Inc. (The company name was changed to Koyo Automatic Machinery Co., Ltd. in Dec.1973 upon dissolution of the joint venture contract with TRW Inc.)
Nov. 1973	Established American Koyo Bearing Manufacturing Corp. in Orangeburg South Carolina, USA, as a joint venture with American Koyo Corp.
Nov. 1975	Established Hiketa plant.
Feb. 1979	Operations of the former Tokyo plant was integrated into Hamura plant and the plant was renamed as Tokyo plant.
Aug. 1980	Reduced capital by 75%.
Sep. 1980	Toyota Motor Corporation became the largest shareholder through allocation of new shares to a third party. (76 million shares were issued, offering price per share of 600 yen).
Nov. 1981	American Koyo Bearing Manufacturing Corp. and American Koyo Corp. merged into Koyo Corporation of USA (presently a consolidated subsidiary).
Apr. 1987	Merged Koyo Jidoki and took up their facilities as Nara plant and Toyohashi plant.
Apr. 1988	Established TRW Koyo Steering Systems in Vonore, Tennessee as a joint venture with TRW Inc.
Oct. 1989	In order to make steering at Toyoda Machine Works, established Toyoda TRW Automotive, Inc. (currently JTEKT Automotive Tennessee-Morristown, Inc.; currently a consolidated subsidiary) in Tennessee, the U.S.
Feb. 1990	Established Koyo Bearings (Europe) Ltd. (currently a consolidated subsidiary) in Burnsley, South Yorkshire, UK.
Mar. 1990	Established Kameyama Plant
Mar. 1993	Purchased additional shares of Societe De Mecanizue D'Irigny S.A. (currently JTEKT Europe S.A.S.; currently a consolidated subsidiary) located in France and made it into a subsidiary
May 1998	Purchased shares of S.C.Rulmenti Alexandria S.A. (Alexandra, Romania) and changed the name of the company to Koyo Romania S.A.
Mar. 2000	Purchased shares of Koyo Steering Dijon Saint Etinne S.A.S. (Dijon, France) (currently JTEKT Automotive Dijon Saint-Etienne S.A.S.; currently a consolidated subsidiary) acquired its subsidiary, Koyo Steering Europe S.A.S., (currently JTEKT Europe S.A.S.; a subsidiary company), and made it into a subsidiary.
Sep. 2003	Acquired all the shares that the Company's partner held in TRW Koyo Steering Systems Co., then changed TRW into a subsidiary, changing the name to Tennessee Koyo Steering Systems Co. (currently JTEKT Automotive Tennessee-Vonore Co.; a consolidated subsidiary).
Feb. 2005	Signed a basic agreement on the merger with Toyoda Machine Works Ltd.
Jan. 2006	Merged with Toyoda Machine Works Ltd., becoming JTEKT Corporation.
July 2009	Entered into a purchase contract with the Timken Company to acquire its needle bearing business.
Dec. 2009	Acquired the needle bearing business from the Timken Company.
May 2010	Established JTEKT Research and Development Center (Wuxi) Co., Ltd. in China.
July 2011	Absorbed GKN JTEKT into its own operations.
Oct. 2012	Absorbed Toyoda Machine Works Torsen Co., Ltd. into its own operations.
Oct. 2014	Opened a large bearing development center.
Jun. 2017	Turned SONA Koyo Steering Systems Ltd. located in New Delhi, India into a subsidiary.
Dec. 2017	Turned Fujikiko Co., Ltd. into a subsidiary.
Jan. 2019	Turned Daibea Co., Ltd into a subsidiary.
Jan. 2020	Turned Yutaka Seimitsu Kogyo Co., Ltd. into a wholly owned subsidiary
Jun. 2021	Relocated headquarters to Kariya, Aichi Prefecture.
Oct. 2022	The names of 10 subsidiaries were changed.
Apr. 2023	Changes of company names: Koyo Bearings (Europe) Ltd. to JTEKT Automotive England Ltd.; Koyo Romania S.A. to JTEKT Bearings Romania; Fuji Kiko Co., Ltd. to JTEKT Column Systems; and Daibea Co., Ltd. to JTEKT Precision Bearings Co., Ltd.
Jul. 2023	Further acquired stock in JTEKT Fluid Power Systems, turning into a wholly owned subsidiary.