JTEKT Corporation

Company Profile

■URL

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

■Address

3-5-8, Minamisemba, Chuo-ku, Osaka-shi, Osaka-fu, 542-0081, Japan

Business Overview

-The Company was established in January, 2006 through a merger between Koyo Seiko Co., Ltd. and Toyoda Machine Works, Ltd.

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

Electric Power Steerings:Maintain the global top market share also in FY 2018
*The Company's own research based on market data 

  • Column type EPS:42% (FY 2014) -> 41% (FY 2018)
  • Dual pinion type EPS:19.9% (FY 2014) -> 31% (FY 2018)
  • Rack-parallel type EPS:3.3% (FY 2014) -> 10% (FY 2018)

-Overall in the steering systems for automotive, including Electric Power Steerings (EPS), the Company will maintain the global top share of 25%.

Shareholders

-Listed on the first section of Tokyo Stock Exchange and Nagoya Stock Exchange. (As of Mar. 31, 2017)
Name or Company Name Investment Ratio (%)
Toyota Motor Corp. 22.50
The Master Trust Bank of Japan, Ltd. (Trust Account) 7.99
Denso Corp. 5.35
Japan Trustee Services Bank, Ltd. (Trust Account) 4.70
Nippon Life Insurance Co. 3.24
Toyota Industries Corporation 2.28
Sumitomo Mitsui Trust Bank, Ltd. 2.22
Resona Bank, Limited 1.97
Sumitomo Mitsui Banking Corporation 1.85
Toyota Tsusho Corporation 1.74
Total 53.84

Products

Steering Systems
-Electric Power Steerings: EPS

  • Column type EPS
  • Pinion type EPS
  • Dual pinion type EPS
  • Rack direct-drive 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

Bearings: Automotive bearings and unit products
-Engine and peripheral parts

  • Damper pulleys
  • 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

-Transmission

  • Thrust Needle Roller Bearings
  • Electric pump for idle-stop system
  • Oil pumps
  • Needle roller bearing for planetary gear
  • Solenoid valves

-Drive line

  • Low friction-torque 3rd-generation tapered roller bearing
  • Oil seals

Driveline
-Driveshafts
-Propeller shafts
-Cross bearings for propeller shafts
-Limited slip differentials
-Couplings

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

Wheels
-Hub units

  • Hub units
  • Taper roller hub units
  • Double angular contact ball bearings

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.

Supplemental Information 1