Who Owns JTEKT Company?

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Who Owns JTEKT Corporation?

Understanding a company's ownership is key to grasping its strategic path and governance. JTEKT Corporation, a major player in automotive components and machine tools, was formed in 2006 from the merger of Koyo Seiko and Toyoda Machine Works.

Who Owns JTEKT Company?

This Japanese firm, headquartered in Osaka, is publicly traded and known for its advanced manufacturing capabilities, offering products like steering systems and bearings. As of July 22, 2025, JTEKT has a market capitalization of $2.65 billion.

As a publicly traded entity on the Tokyo Stock Exchange (TYO: 6473), JTEKT's ownership is distributed among various shareholders. The company's financial performance, as of March 31, 2025, shows trailing 12-month revenue of $12.4 billion, with 318 million shares outstanding.

Institutional investors and individual shareholders collectively hold the majority of JTEKT's stock. While specific major individual shareholders are not publicly disclosed, the company's structure suggests a broad base of ownership typical for a large, publicly listed corporation. Analyzing its JTEKT Porter's Five Forces Analysis can provide further context on its market position and competitive landscape.

Who Founded JTEKT?

JTEKT Corporation's origins trace back to the 2006 merger of two distinct Japanese manufacturing companies: Koyo Seiko Co., Ltd. and Toyoda Machine Works, Ltd. This strategic union aimed to consolidate their respective strengths and market positions.

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Founding of Koyo Seiko

Koyo Seiko Co., Ltd. was established in 1921. Its founder, Zenichiro Ikeda, guided its growth into a prominent global bearing manufacturer.

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Establishment of Toyoda Machine Works

Toyoda Machine Works, Ltd. began its operations in 1941. It was initially an independent entity spun off from the Machine Tools Division of Toyoda Motor Corporation.

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Merger in 2006

The formal merger of Koyo Seiko and Toyoda Machine Works occurred in January 2006. This created the entity known today as JTEKT Corporation.

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Combined Expertise

The merger brought together Koyo Seiko's extensive experience in bearing technology and Toyoda Machine Works' expertise in machine tools and automotive components.

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Early Vision

The foundational vision of both predecessor companies shaped JTEKT's future product diversification. This included a strong emphasis on precision engineering and manufacturing excellence.

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Ownership Details

Specific details regarding the initial equity splits or shareholding percentages of the founding entities at the time of their respective establishments are not publicly detailed.

The early vision of both Koyo Seiko, under Zenichiro Ikeda's leadership, and Toyoda Machine Works laid the critical groundwork for JTEKT's diverse product portfolio. This strategic combination of bearing technology and machine tool manufacturing capabilities has been central to the company's development, influencing its Growth Strategy of JTEKT.

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Founding Figures and Entities

JTEKT Corporation's existence is the result of a significant corporate merger, not the founding by a single individual in its current form. The two key entities that combined were Koyo Seiko Co., Ltd. and Toyoda Machine Works, Ltd.

  • Koyo Seiko Co., Ltd. was founded in 1921.
  • Zenichiro Ikeda was the founder of Koyo Seiko.
  • Toyoda Machine Works, Ltd. was established in 1941.
  • Toyoda Machine Works originated from the Machine Tools Division of Toyoda Motor Corporation.
  • The merger creating JTEKT Corporation took place in January 2006.

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How Has JTEKT’s Ownership Changed Over Time?

Since its establishment in 2006, JTEKT Corporation's ownership has evolved, reflecting its status as a publicly traded entity on the Tokyo Stock Exchange. The company's capital stood at 45,591 million yen as of March 2024, indicating its financial foundation.

Shareholder Percentage of Ownership Number of Shares As of Date
Toyota Motor Corporation 24.26% 77,235,000 September 29, 2024
Nomura Asset Management Co., Ltd. 5.42% 17,262,300 June 29, 2025
The Vanguard Group, Inc. 2.85% 9,081,977 May 30, 2025
Nippon Life Insurance Company 3.5% N/A Latest available data
The Master Trust Bank of Japan, Ltd. 15.9% N/A Latest available data
Custody Bank of Japan, Ltd. 9.1% N/A Latest available data

The ownership landscape of JTEKT Corporation is characterized by a significant presence of institutional investors and corporate entities, with a notable concentration of shares held by its affiliated companies. Toyota Motor Corporation remains a primary stakeholder, underscoring the close relationship within the broader automotive group. This structure highlights a blend of strategic corporate investment and broader market participation, contributing to JTEKT's corporate governance and financial stability. Understanding who owns JTEKT is key to grasping its strategic direction and its place within the automotive supply chain, a topic also explored in detail regarding the Mission, Vision & Core Values of JTEKT.

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JTEKT Ownership Breakdown

JTEKT's ownership is diverse, with major stakes held by both domestic and international entities.

  • Other Japanese companies collectively held 33.4% of JTEKT's issued shares as of January 30, 2025.
  • Financial institutions accounted for 36.1% of ownership.
  • Foreign entities represented 16.8% of the ownership.
  • Individuals and other stakeholders held 10.1%.
  • The JTEKT employee shareholding association owns 1.7% of the issued shares.

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Who Sits on JTEKT’s Board?

The current President of JTEKT Corporation is Yoshihito Kondo. While specific affiliations of all board members to major shareholders are not detailed, Toyota Motor Corporation's significant ownership stake suggests a strong influence on the board and strategic decisions.

Shareholder Ownership Percentage (as of September 29, 2024)
Toyota Motor Corporation 24.26%

JTEKT's corporate governance focuses on increasing corporate value, with active discussions and contributions from outside directors during Board of Directors meetings. The company generally adheres to a one-share-one-vote structure, which is standard for publicly traded entities in Japan. There is no publicly available information indicating the presence of dual-class shares, special voting rights, golden shares, or founder shares that would grant disproportionate control to any specific entity or individual. The available information does not highlight any recent proxy battles or activist investor campaigns that have impacted JTEKT's ownership or control.

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Understanding JTEKT's Ownership and Governance

JTEKT's corporate structure and decision-making processes are significantly influenced by its major shareholders. Understanding these dynamics is key to grasping JTEKT ownership and who controls JTEKT Corporation.

  • Toyota Motor Corporation is the largest shareholder, holding 24.26% of JTEKT's shares as of September 29, 2024.
  • The company operates under a one-share-one-vote principle.
  • Corporate governance initiatives aim to enhance corporate value.
  • Outside directors play a role in board discussions and strategic contributions.
  • There is no indication of special voting rights or founder shares influencing control.
  • For a deeper dive into the company's past, explore the Brief History of JTEKT.

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What Recent Changes Have Shaped JTEKT’s Ownership Landscape?

Recent developments indicate a strategic focus on shareholder value enhancement for JTEKT Corporation, alongside stable ownership trends for its key subsidiary. These moves reflect a dynamic approach to corporate finance and stakeholder relations.

Share Buyback Plan (2024-2026) Planned Acquisition Maximum Cost
Common Shares Up to 27 million ¥34 billion
Percentage of Issued Shares 7.87% -
Execution Method Tokyo Stock Exchange's ToSTNeT-3 February 2025

JTEKT Corporation has actively pursued returning capital to its shareholders. This is evidenced by its completed share repurchase of 24,678,200 shares, valued at 28.8 billion yen, which represented 7.19% of its issued share capital as of January 31, 2025. This initiative aligns with the company's Second Medium-term Management Plan for 2024-2026, underscoring a commitment to boosting corporate value through direct shareholder returns.

Icon JTEKT India: Promoter Holding Stability

Promoter holding in JTEKT India Limited remained constant at 74.98% as of June 2025. This indicates a strong and consistent base of control within the subsidiary.

Icon JTEKT India: Institutional Investor Growth

Mutual fund holdings saw an increase to 10.68% in the June 2025 quarter, while FII holdings edged up to 0.46%. Individual investors collectively held 10.46% as of July 17, 2025.

Icon JTEKT India: Dividend Payouts

JTEKT India Limited proposed a final dividend of 70% or Re. 0.70 per equity share for FY 2024-25. The Annual General Meeting for approval is set for August 28, 2025.

Icon JTEKT Corporate Structure Insights

The ownership trends for JTEKT India suggest a stable promoter base and growing interest from domestic institutional investors. Understanding these dynamics is crucial for a comprehensive view of JTEKT's overall corporate structure and its Competitors Landscape of JTEKT.

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