Source disclosure: February 27, 2026, 15:00 JST
JTEKT Corporation [6473.T]
TOKYO, Feb 27 (Pulse News Wire) – JTEKT Corporation (6473.T) announced today that it has reached a basic agreement with LEO III.-VV25-A GmbH, advised by DUBAG Investment Advisory GmbH based in Munich, Germany, to transfer seven European subsidiaries involved in auto parts manufacturing and sales primarily for European customers. The move aligns with JTEKT's restructuring efforts outlined in its second mid-term management plan aimed at enhancing operational efficiency and profitability in the European market.
Under the agreement, JTEKT Europe SAS, which oversees operations across Europe, along with six other subsidiaries, will be transferred to LEO III.-VV25-A GmbH. Key among these subsidiaries is JTEKT Europe SAS, headquartered in Irigny, France, with capital of €¥206.6 million. Other notable entities include JTEKT Column Systems France SAS, located in Valentigney, France, and JTEKT Czech Republic S.R.O., situated in Pardubice, Czech Republic. Financial highlights show mixed results for the subsidiaries.
JTEKT Europe SAS reported net losses of €¥39.185 million in fiscal 2024 despite revenue of €¥998.452 million. Meanwhile, JTEKT Czech Republic S.R.O. recorded a significant lower operating profit of €77,200 in fiscal 2024 but had total assets of CZK ¥4.745 billion. JTEKT expects to finalize the share transfer agreements by the end of August 2026, contingent upon consultations with employee representatives and regulatory approvals.
Further details on negotiations and potential impacts on the March 2026 consolidated earnings forecast will be disclosed as developments progress.
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