Profile |
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| Company name: | JTEKT Corporation |
| President: | Mr. Kazuhiro Sato |
Kariya Head Office |
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| Address: | 1-1 Asahi-machi |
| Postal code: | 448-8652 |
| City: | Kariya |
| Country: | Japan |
| Phone: | +81 566 25 7211 |
| Main business activities: | Manufacture and sales of steering systems, driveline components, bearings, machine tools, electronic control devices, home accessory equipment, etc. |
| Capital: | 45,591 million yen (in fiscal year ended March 31, 2023) |
| Sales Consolidated: | 1,678,146 million yen (in fiscal year ended March 31, 2023) |
| Nonconsolidated: | 695,275 million yen (in fiscal year ended March 31, 2023) |
| Number of employees: | 46,053 (in fiscal year ended March 31, 2023) |
History
| YEAR | FACTS |
| 1921 | Koyo Seiko Co. founded |
| 1935 | Company reorganized into a corporation and renamed Koyo Seiko Co., Ltd. |
| 1938 | Kokubu Plant completed |
| 1943 | Start of operations at Tokyo Plant |
| 1958 | American Koyo Corp. (presently Koyo Corporation of U.S.A.) established as the first affiliate overseas |
| 1960 | Steering system development and prototype production begun at Kokubu Plant |
| 1963 | Joint bearing manufacturing and sales operations with Osaka Bearing Manufacturing Co., Ltd. (presently Daibea Co., Ltd.) begun Tokushima Plant completed |
| 1969 | Hamura Plant (presently Tokyo Plant) completed |
| 1973 | American Koyo Bearing Mfg Corp. (presently Koyo Corporation of U.S.A.) established, South Carolina plant completed, start of bearing production in USA |
| 1975 | Operations begun at Hiketa Plant (presently Kagawa Plant) |
| 1979 | Operations of old Tokyo Plant and Hamura Plant combined at Hamura, the plant renamed as the Tokyo Plant |
| 1973 | American Koyo Bearing Mfg Corp. (presently Koyo Corporation of U.S.A.) established, South Carolina plant completed, start of bearing production in USA. Also Koyo Seiko started a joint venture with Dutch trading company Ceteco in Nieuwpoort, the Netherlands, to produce (parts of) BBU's and some SRB's - the predecessor of Europa Koyo B.V. |
| 1983 | World's first electronically controlled power steering system developed |
| 1984 | Ceramic bearing developed jointly with Toshiba Corporation |
| 1986 | Operations begun at Toyohashi Plant |
| 1988 | Production of world's first electric power steering system begun. Joint venture TRW Koyo Steering Systems Company formed with U.S. company TRW Inc. (presently JTEKT Automotive Tennessee-Vonore Co.) |
| 1989 | Technical center at Kokubu Plant completed |
| 1990 | Operations begun at Kameyama Plant. Financial participation and technical assistance to Societe de Mecanique D'Irigny S.A. (presently JTEKT Automotive Lyon S.A.S.) begun |
| 1991 | North American Technical Center established in USA European Bearing Central Office established in the Netherlands |
| 1997 | European Bearing Technical Centre established in the Netherlands |
| 1998 | R&D center completed at Nara Plant |
| 2000 | Obtained majority ownership of Peugeot steering manufacturing subsidiary, changed name to Koyo Steering Dijon Saint-Etienne S.A.S. (presently JTEKT Automotive Dijon Saint-Etienne S.A.S.) Basic agreement with Toyoda Machine Works, Ltd. regarding electric power steering joint development |
| 2001 | Business tie-up with Fuji Kiko Co., Ltd. regarding steering columns |
| 2002 | Establishment with Toyota Motor Corporation, Denso Corporation, and Toyoda Machine Works, Ltd. of joint venture FAVESS Co., Ltd. for the development and sale of electric power steering Became first company in Japan to obtain certification in ISO/TS 16949 (2002 version) |
| 2003 | TRW Koyo Steering Systems Company made a wholly owned Koyo subsidiary and renamed Tennessee Koyo Steering Systems Company (presently JTEKT Automotive Tennessee-Vonore Co.) |
| 2005 | Koyo Seiko Co., Ltd. and Toyoda Machine Works, Ltd. conclude merger agreement |
| 2006 | Start of JTEKT Corporation |
| 2007 | Joint venture of JTEKT Sona Automotive India Ltd. and Sona Koyo Steering Ltd. for the manufacture of electric power steering in India |
| 2008 | Machine tool sales and Service Company Toyoda Micromatic Machinery India Limited established in India as joint venture with Micromatic Grinding Technologies |
| 2010 | Acquisition of the Torrington needle roller bearing business from Timken |
| 2017 | Acquisition of Fuji Kiko (steering column business) |
| 2022 | Unification of all brands (including Koyo) into JTEKT |
Sustainability & environment
TOUGH ON FRICTION, KIND TO EARTH
We are convinced that our Planet’s needs have to be taken good care of. Not only do we believe that – we actually strive to make our products as environmentally friendly as possible. Low friction, low energy loss bearings mean longer bearing life and less pollution - in this way we wish to contribute to the Earth’s preservation. By manufacturing products used to capture the most promising renewable energy source – the wind – we try to contribute to the betterment of the world our children will come to live in.
Stemming from a deep ecological awareness, JTEKT is determined to proactively pursue environmental conservation in all its business activities.
- Continuously improve our environmental management system to harmonize our business activities with our sustainability efforts.
- Comply with all requirements of environmental laws, regulations, treaties, agreements, etc., related to our business activities and strive to prevent environmental pollution.
- Raise the environmental awareness of all employees and pursue the following as important environmental management objectives in relation to all our business activities, products and services:
（1）Develop and design environmentally friendly products
（2）Reduce CO2 emissions through effective energy utilization
（3）Reduce waste
（4）Thoroughly control chemical substances and reduce environmentally burdensome substances
（5）Reduce primary and secondary materials scrap ratio
（6）Reduce CO2 emissions in logistics
（7）Maintain and improve community environments - Maintain an environmental conservation promotion structure, clarify the purposes and targets of environment conservation activities, conduct periodic reviews, and pursue environmental conservation activities with the participation of all employees.
- Maintain awareness of the community surrounding each business site, maintains good communication with concerned government agencies and local residents, and publicly discloses information on our environmental management activities as necessary.
