Jtekt Completes Early Transfer of European Automotive Business Units

TOKYO, Jul 31 (Pulse News Wire) – JTEKT Corporation (6473.NG) completed the early transfer of seven subsidiary companies engaged in manufacturing and selling automotive parts primarily for European customers, based on the share transfer agreement disclosed on May 27, 2026. Originally scheduled for completion by the end of August 2026, the transaction was finalized earlier than expected.

Despite the positive impact on earnings due to the accelerated transfer, JTEKT maintains its previously announced fiscal year 2027 consolidated performance forecast without changes, citing uncertainties in the market environment. The company's latest forecast, released, projects basic earnings per share of ¥157.1 million, with consolidated sales revenue of ¥1.88 trillion, operating profit of ¥75.00 billion, ordinary income of ¥90.00 billion, and pre-tax income of ¥70.00 billion.

In comparison, the previous fiscal year ended March 2026 saw consolidated sales revenue of ¥1.92 trillion, operating profit of ¥24.85 billion, ordinary income of ¥75.68 billion, and pre-tax income of ¥27.38 billion.