6473
JTEKT Corporation
株式会社ジェイテクト
Machinery
JTEKT Corporation manufactures and sells steering systems, driveline components, bearings, machine tools, electronic control devices, and home accessory equipment. The company offers automotive components, such as steering, drive line components, and transmission components; bearings; machine tools, such as grinders, matching centers, and gear skiving/gear cutting machines; programmable logic controllers, including motion controllers; IoE solutions; industrial heat treatment equipment, compressors, assembly and inspection machines, electronic test instruments and equipment, maintenance equipment, and metal-bonded wheel forming machines. In addition, it provides tools comprising dressers, vitrified BN and diamond wheels, metal and resin wheels, PCD and PCBN, and electroplated wheels; displays consisting of IoE, monitors, electronic counters, digital tachometers and timers, programmable displays, HMI software, and panel computers; bevel, worm, and cylindrical gears; component parts, such as oil seals, shafts, and precision mechanical equipment; sensors, including IoE, water level meter, rotary encoders, and proximity sensors; and storage devices comprising lithium-ion capacitors. The company operates in Japan, North America, Europe, Asia, Oceania, South America, and internationally. JTEKT Corporation was founded in 1921 and is headquartered in Kariya, Japan.
Price
¥2,166
Market Cap
¥689.4B
Ent. Value
¥769.0B
Net Debt
−¥79.6B
Shares Out.
318.3M
P / E
57.6×
EV / EBIT
30.9×
P / Book
0.87×
P / NCAV
14.75×
Div. Yield
1.39%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥1,925.0B | ¥1,925.0B | ¥1,891.5B | ¥1,678.1B | ¥1,428.4B |
| Cost of Sales | ¥1,627.9B | ¥1,627.9B | ¥1,607.6B | ¥1,423.0B | ¥1,218.5B |
| Gross Profit | ¥297.0B | ¥297.0B | ¥283.9B | ¥255.1B | ¥209.9B |
| SG&A | ¥221.4B | ¥221.4B | ¥211.0B | ¥192.5B | ¥167.5B |
| Operating Income | ¥24.8B | ¥24.8B | ¥62.2B | ¥49.3B | ¥36.4B |
| Non-Operating Income | — | ¥8.5B | ¥19.2B | ¥10.8B | ¥10.5B |
| Non-Operating Expenses | — | ¥17.1B | ¥9.8B | ¥5.1B | ¥3.4B |
| Ordinary Income | ¥24.8B | ¥38.5B | — | — | — |
| Pre-tax Income | ¥27.4B | ¥27.4B | ¥72.5B | ¥55.9B | ¥43.9B |
| Net Income (owners) | ¥12.0B | ¥12.0B | ¥40.3B | ¥34.3B | ¥20.7B |
| Minority Interest | — | ¥2.8B | ¥3.5B | ¥3.1B | ¥2.9B |
| Comprehensive Income | — | ¥2.7B | ¥144.2B | ¥54.4B | ¥84.7B |
| EBITDA | ¥96.0B | ¥96.0B | ¥134.5B | ¥118.8B | ¥103.4B |
| EPS | ¥37.62 | ¥37.62 | ¥117.37 | ¥99.94 | ¥60.31 |
| Shares Outstanding | — | 318.3M | 343.0M | 342.9M | 342.9M |
| Shares Issued (total) | — | 318.6M | 343.3M | 343.3M | 343.3M |
| Treasury Shares | — | 0.3M | 0.3M | 0.3M | 0.4M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥1,577.7B | ¥1,577.7B | ¥1,628.5B | ¥1,441.4B | ¥1,386.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥799.2B | ¥799.2B | ¥805.5B | ¥735.3B | ¥685.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥137.6B | ¥137.6B | ¥167.0B | ¥123.8B | ¥124.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥778.5B | ¥778.5B | ¥823.0B | ¥706.1B | ¥701.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥498.1B | ¥498.1B | ¥476.4B | ¥467.0B | ¥460.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥8.4B | ¥8.7B | ¥7.9B | ¥7.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥21.2B | ¥18.6B | ¥17.6B | ¥17.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥752.5B | ¥752.5B | ¥805.7B | ¥740.6B | ¥726.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥507.0B | ¥507.0B | ¥482.2B | ¥427.8B | ¥434.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥70.7B | ¥70.7B | ¥61.1B | ¥47.5B | ¥85.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥245.4B | ¥245.4B | ¥323.5B | ¥312.9B | ¥291.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥146.4B | ¥146.4B | ¥180.8B | ¥207.6B | ¥176.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥36.5B | ¥49.7B | ¥18.4B | ¥24.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥825.2B | ¥825.2B | ¥822.8B | ¥700.7B | ¥660.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥101.1B | ¥102.5B | ¥107.1B | ¥107.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥546.6B | ¥546.6B | ¥568.5B | ¥475.8B | ¥444.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-330M | ¥-396M | ¥-416M | ¥-430M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥68.0B | ¥72.8B | ¥39.2B | ¥27.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥790.2B | ¥790.2B | ¥789.0B | ¥667.2B | ¥624.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥32.4B | ¥33.8B | ¥33.5B | ¥36.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥217.1B | ¥217.1B | ¥241.9B | ¥255.2B | ¥261.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-79.6B | ¥-79.6B | ¥-74.9B | ¥-131.3B | ¥-137.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥46.8B | ¥46.8B | ¥-267M | ¥-5.3B | ¥-40.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥147 | ¥-1 | ¥-16 | ¥-118 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,483 | ¥2,301 | ¥1,946 | ¥1,820 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥108.5B | ¥108.5B | ¥154.5B | ¥78.3B | ¥67.0B |
| D&A | ¥71.2B | ¥71.2B | ¥72.3B | ¥69.5B | ¥67.0B |
| Investing CF | ¥-52.7B | ¥-52.7B | ¥-71.4B | ¥-52.1B | ¥-25.3B |
| CapEx | ¥89.5B | ¥89.5B | ¥58.7B | ¥55.8B | ¥42.7B |
| Purchase Investments | — | ¥-303M | ¥-468M | ¥-388M | ¥-82M |
| Financing CF | ¥-47.0B | ¥-47.0B | ¥-47.2B | ¥-28.7B | ¥-43.5B |
| Free Cash Flow | ¥19.0B | ¥19.0B | ¥95.7B | ¥22.5B | ¥24.4B |
| Net Change in Cash | — | ¥-48.0B | ¥43.2B | ¥-403M | ¥5.8B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 1.5% | 1.5% | 5.3% | 5.0% | 3.1% |
| ROA | 0.8% | 0.7% | 2.6% | 2.4% | 1.5% |
| EPS | ¥37.62 | ¥37.62 | ¥117.37 | ¥99.94 | ¥60.31 |
| DPS | ¥30.00 | ¥30.00 | ¥36.00 | ¥30.00 | ¥18.00 |
| BPS | ¥2,482.33 | ¥2,482.33 | — | — | — |
| FCF/Share | — | ¥60 | ¥279 | ¥66 | ¥71 |
| NCAV/Share | — | ¥147 | ¥-1 | ¥-16 | ¥-118 |
| Payout Ratio | 79.7% | 79.7% | 30.7% | 30.0% | 29.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
TOYOTA MOTOR CORPORATION
トヨタ自動車株式会社
|
77,235 | 24.26% |
| 2 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
50,708 | 15.93% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
29,072 | 9.13% |
| 4 |
Nippon Life Insurance
日本生命保険相互会社
|
11,125 | 3.49% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
|
7,198 | 2.26% |
| 6 |
Employee Stock Ownership Plan
ジェイテクト従業員持株会
|
6,246 | 1.96% |
| 7 |
Northern Trust Company
NORTHERN TRUST GLOBAL SERVICES SE, LUXEMBOURG RE LUDE RE: UCITS CLIENTS 15.315 PCT NON TREATY ACCOUNT(常任代理人 香港上海銀行東京支店)
|
4,671 | 1.47% |
| 8 |
Toyota Industries Corporation
株式会社豊田自動織機
|
3,906 | 1.23% |
| 9 |
Sumitomo Mitsui Trust Bank
三井住友信託銀行株式会社
|
3,817 | 1.20% |
| 10 | ジェイテクト企業持株会 | 3,795 | 1.19% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
26.3%
+1.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.7%
+3.7% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
32.1%
-5.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 62.1% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| TOYOTA MOTOR CORPORATION トヨタ自動車 | 22.52% | 22.52% | 24.26% +1.74% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 13.51% | 13.93% | 15.93% +2.00% | |
| Japan Custody Bank 日本カストディ銀行 | 9.33% | 8.62% | 9.13% +0.51% | |
| Nippon Life Insurance 日本生命保険 | 3.24% | 3.24% | 3.49% +0.25% | |
| State Street NEW ENTRY | — | — | — | 2.26% NEW |
| Employee Stock Ownership Plan ジェイテクト従業員持株会 ↑ | 1.67% | 1.70% | 1.96% +0.26% | |
| Northern Trust NEW ENTRY | — | — | — | 1.47% NEW |
| Toyota Industries Corporation 式会社豊田自動織機 | 2.28% | 2.28% | 1.23% -1.05% | |
| Sumitomo Mitsui Trust Bank 三井住友信託銀行 | 2.23% | 2.23% | 1.20% -1.03% | |
| ジェイテクト企業持株会 NEW ENTRY | — | — | — | 1.19% NEW |
| DENSO CORPORATION 式会社デンソー last seen 2024 | Exited Top 10 | 5.36% | 3.75% | — |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 last seen 2024 | Exited Top 10 | 1.86% | 1.86% | — |
| TOYOTA TSUSHO CORPORATION 豊田通商 last seen 2024 | Exited Top 10 | 1.74% | 1.74% | — |
| Concentration (HHI) ⓘ | 835 | 820 | 953 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥26,799M
+1% since 2023
Holdings
20
+2 new
24 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥26,799M total | FY2023 ¥26,430M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TOYOTA INDUSTRIES CORPORATION
㈱豊田自動織機
|
25,443 |
2,002,625
|
14,719 | 2,002,625 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
409 |
-50.0%
↓
203,460
|
344 | 406,860 | |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
285 |
-50.0%
↓
221,521
|
283 | 443,021 | |
| ㈱三井住友フィナンシャルグループ *1 | 270 |
NEW
New
71,308
|
— | ||
|
Central Japan Railway Company
東海旅客鉄道㈱
|
142 |
+400.0%
↑
50,000
|
158 | 10,000 | |
|
ISEKI&CO.,LTD.
井関農機㈱
|
108 |
-50.0%
↓
100,400
|
238 | 200,800 | M |
|
TAIHO KOGYO CO.,LTD.
大豊工業㈱
|
68 |
115,000
|
73 | 115,000 | M |
| 東日本旅客鉄道㈱ *2 | 44 |
NEW
New
15,000
|
— | ||
|
TAKAKITA CO.,LTD.
㈱タカキタ
|
16 |
-55.0%
↓
45,000
|
42 | 100,000 | M |
|
Misonoza Co.
㈱御園座
|
14 |
8,300
|
14 | 8,300 | |
| 三井住友トラストグループ㈱ *3 | — | — | |||
|
CHUO SPRING CO.,LTD.
中央発條㈱
|
— | — | |||
|
Makita Corporation
㈱マキタ
|
— | — | |||
|
YASKAWA Electric Corporation
㈱安川電機
|
— | — | |||
| 日本ピラー工業㈱ | — | — | |||
|
Daido Special Steel Co., Ltd.
大同特殊鋼㈱
|
— | — | |||
| 北越工業㈱ | — | — | |||
|
OKAYA&CO.,LTD.
岡谷鋼機㈱
|
— | — | |||
|
Asahi Seiki Kogyo Co., Ltd.
旭精機工業㈱
|
— | — | |||
|
FUJI HENSOKUKI CO.,LTD.
富士変速機㈱
|
— | — | |||
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱
|
— |
−100%
Exit
—
|
4,220 | 750,985 | M |
| MS ADインシュアランスグループホールディングス㈱ | — |
−100%
Exit
—
|
97 | 23,766 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
1,268 | 279,430 | |
|
DENSO CORPORATION
㈱デンソー
|
— |
−100%
Exit
—
|
1,017 | 136,662 | M |
|
TOYODA GOSEI CO.,LTD.
豊田合成㈱
|
— |
−100%
Exit
—
|
639 | 280,375 | M |
|
KUBOTA CORPORATION
㈱クボタ
|
— |
−100%
Exit
—
|
599 | 300,000 | M |
|
suzuki motor corporation
スズキ㈱
|
— |
−100%
Exit
—
|
547 | 113,976 | M |
|
SUBARU CORPORATION
㈱SUBARU
|
— |
−100%
Exit
—
|
530 | 250,800 | |
|
AISIN CORPORATION
㈱アイシン
|
— |
−100%
Exit
—
|
453 | 124,460 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
— |
−100%
Exit
—
|
251 | 47,536 | |
|
HINO MORTORS,LTD.
日野自動車㈱
|
— |
−100%
Exit
—
|
243 | 440,000 | M |
|
EXEDY Corporation
㈱エクセディ
|
— |
−100%
Exit
—
|
173 | 95,800 | |
|
ISUZU MOTORS LIMITED
いすゞ自動車㈱
|
— |
−100%
Exit
—
|
150 | 95,399 | |
|
Sanyo Special Steel Co.,Ltd.
山陽特殊製鋼㈱
|
— |
−100%
Exit
—
|
125 | 51,081 | M |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
73 | 10,000 | |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
54 | 10,000 | |
|
AISAN INDUSTRY CO., LTD
愛三工業㈱
|
— |
−100%
Exit
—
|
39 | 43,653 | |
|
AICHI STEEL CORPORATION
愛知製鋼㈱
|
— |
−100%
Exit
—
|
24 | 10,643 | M |
|
FINESINTER CO.,LTD.
㈱ファインシンター
|
— |
−100%
Exit
—
|
23 | 23,200 | M |
|
Tokai Tokyo Financial Holdings, Inc.
東海東京フィナンシャル・ホールディングス㈱
|
— |
−100%
Exit
—
|
18 | 49,438 | |
|
CHUO MALLEABLE IRON CO., LTD.
中央可鍛工業㈱
|
— |
−100%
Exit
—
|
8 | 22,000 | M |
|
TRINITY INDUSTRIAL CORPORATION
トリニティ工業㈱
|
— |
−100%
Exit
—
|
6 | 10,000 | |
|
SAWAFUJI ELECTRIC CO.,LTD.
澤藤電機㈱
|
— |
−100%
Exit
—
|
1 | 1,000 | |
|
KYOWA LEATHER CLOTH CO.,LTD
共和レザー㈱
|
— |
−100%
Exit
—
|
1 | 2,000 | |
| Portfolio total | 26,799 | 26,430 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding