TOKYO, Apr 28 (Pulse News Wire) – JTEKT Corporation (6473.T) disclosed significant shareholder relations and financial interactions involving Toyota Motor Corporation. As of March 31, 2026, Toyota holds 24.3% of JTEKT's voting rights through direct holdings and related companies.
JTEKT supplies automotive parts and machinery to the Toyota group, which accounted for approximately 28.84% of its consolidated revenue during the fiscal year ending March 31, 2026. Toyota’s influence on JTEKT’s operations extends beyond supply agreements. The two companies engage in regular price negotiations each quarter. Despite this dependency, JTEKT maintains a degree of independence by conducting business with multiple automakers based on its own strategic initiatives.
Additionally, JTEKT appointed Mr. Nobutake Nakano, who previously served as Senior Managing Director at Toyota, as a director to leverage his extensive experience in business development and sustainability strategies. In the same disclosure, JTEKT detailed transactions worth up to ¥148.9 billion with Toyota, including sales of products and purchases of raw materials and components. Outstanding balances stood at ¥73.2 billion in receivables and ¥75.7 billion in payables as of March 31, 2026.
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