Automotive

JTEKT

Company Profile Analysis

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JTEKT - Automotive showcase

Year Founded & Workforce

1920-12-31

40,756 Employees

Industry

AutomotiveB2BB2C

Services

J

JTEKT Overview

Company Headquarters: Osaka, Japan

Founded: 1921

Workforce: ~40,756

Company Working: JTEKT, a subsidiary of Toyota Motors, is engaged in manufacturing and selling steering systems, driveline components, bearings, machine tools, electric control devices, and home accessory equipment. The company offers steering systems, such as electric power steering, hydraulic power steering, and unit components, driveline components, engine and peripheral parts, transmission, and wheels. It also offers sensor systems and pressure transducers for welding guns and indicators as well as for medical equipment. The company also offers bearings, oil seals, driveshafts, and other products for applications in automobiles, construction/transportation/agricultural machinery, steel production equipment, machine tools, renewable energy, medical equipment, aircraft, and railroad vehicles. It also offers products for office, home, and leisure applications. Furthermore, it provides machine tools such as grinders and machining centers and mechatronic products. The company operates in Japan, India, China, and several countries across Asia, North America, South America, and Europe.

Strategy

JTEKT strategizes to supply environmental-friendly products excelling in fuel-efficiency and efficiency and inspire society through products that are safe and reliable. The company aims to provide the best in quality, technology, and service based on concepts derived from the global market, obtain the satisfaction and trust of customers, and fulfill its mission of contributing to environmental protection.

Company Snapshot

$1,591.5M

Revenue

40,756

Employees

1920-12-31

Founded

Osaka, Japan

Headquarters

SWOT Analysis

Strengths

  • Strong presence in APAC
  • To supply products that reflect the requirements of specifi­c regions, JTEKT established a technical center in Brazil
  • Higher sales of automobiles in Japan because of the eco-car subsidy

Weaknesses

  • Smaller business units
  • Smaller business units and profitability fluctuations
  • Issue-bearing transactions that allegedly violated the Antimonopoly Act of Japan and the fair competition laws of other countries hurt the brand image

Opportunities

  • Expansion in emerging economies
  • Growing economies can be tapped

Threats

  • Increasing cost of operation
  • Increasing costs of operations can reduce the margins

Key Developments

DateApproachDevelopment
May 2020AcquisitionKOYO CANADA INC., a subsidiary of JTEKT, acquired the assets of a Halifax, Nova Scotia R&D facility, which was previously owned by KSR International Inc. This acquisition strengthened the company’s global ECU development for vehicle steering and driveline product
November 2017Product DevelopmentJTEKT Corporation began the production of its new steering systems, Intermediate-EPS (I-EPS), for Utility Task Vehicles. The company decided to install Electric Power Steering (EPS) instead of HPS in UTVs. EPS can control steering torque to respond to driving speed. For the first time, JTEKT’s EPS systems have been implemented on Kubota RTV-XG850, a new UTV

Product Offering

  • JTEKT
    • Rack Parallel type Electric Power Steering system (RP-EPS)
    • Dual Pinion type Electric Power Steering system (DP-EPS)
    • Column type Electric Power Steering system (C-EPS)
    • Torque Vectoring

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About the Author

Wantstats Research Team

Wantstats' research desk profiles JTEKT as part of our ongoing coverage of the Automotive sector, drawing on public company data, filings, and market intelligence.

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

JTEKT

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