JTEKT Corporation
Cite as: Japan IR Index, JTEKT Corporation (6473), methodology GNT-BDS v1.1.1, reviewed 2026-10-12.
Findings and sources as of the review date shown. The company’s English disclosure may have changed since.
Where to start
Chosen from this company's lowest answers, easiest first. A quick fix uses material the company already has; a translation fix is usually met by translating a Japanese document (our note says whether this company has one). Questions that need a budget or a board decision are left out. Suggestions drawn from the research, separate from the scores.
F6 Multi-year financial data file (Excel or CSV) downloadable in English 0/5 Quick fix
Post the financial figures the company already publishes as an Excel or CSV file with English labels.
G6 Shareholder vote results disclosed in English 2/5 Quick fix
Publish the vote counts from the Japanese extraordinary report in English.
O5 Single page listing all English IR documents by date and type 3/5 Quick fix
Keep one English page that lists every IR document with its date and type.
G1 Corporate governance report available in English 3/5 Translation
Publish the corporate governance report filed with TSE in English.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 2 answers corrected after re-checks (research errors) and 1 changed under a rule change between 21 Oct 2026 and 23 Oct 2026. These are changes to our record, not to the company’s disclosure. Changes to this record →
This company is a case in “Questions shareholders ask at the AGM”: 03 Unwinding cross-shareholdings. The shareholder proposals, the company’s answers and the vote results are taken from published documents.
Compared with peers
| Peer group | Median | This company |
|---|---|---|
| Same sector (Machinery) | 76.4 | 13 of 39 |
| Same size band (¥500bn–2tn) | 84.2 | 23 of 43 |
Compared with the companies covered here, not the whole market. Sector is the TSE 33-sector classification; market cap is from the TSE English-disclosure survey, Aug 2026; it only sets the size band, plays no part in the score, and is refreshed once a quarter. Ties share the higher rank.
Out of 100.
Of the 34 questions reviewed, 30 scored 3 or more and 2 found no qualifying English materials within the stated review scope. Read each score with its source and scope below.
Findings by question
F1Quarterly and full-year results summaries (tanshin) published in English5/5
Consolidated Financial Results for the Three Months Ended June 30, 2026 (IFRS), July 2026 with the Japanese: 16 pages with the qualitative information by reportable segment, the statements and the segment information note, plus an English result overview and supplementary materials every quarter. Source document →
F2English results summary is a full translation, not an excerpt5/5
FY3/2026 tanshin, 28 Apr 2026: the English 'Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under IFRS)' is 19 pages against 17 Japanese (決算短信〔IFRS〕). It has the summary pages, including the non-consolidated summary and forecasts. The attachments follow the same table of contents: 1. qualitative information (operating results with a narrative for each of the three segments, financial position, cash flows, the forecast explanation with FX assumptions); 2. the basis for choosing accounting standards; 3. the statements (financial position, P&L and comprehensive income, changes in equity, cash flows) and notes (going concern, accounting policy changes, changes in significant subsidiaries, changes in presentation, segment information, EPS, subsequent events). The Q1 FY3/2027 tanshin (31 Jul 2026) is 16 EN pages against 14 JP with the same structure. Q3 is 16 against 14, and Q2 FY3/2026 16 against 14. The result overview and supplementary materials are posted separately on both sides, in English too. The whole tanshin, so 5. Source document →
F3Financial statements including notes available in English5/5
The latest-period English tanshin (Q1 FY3/2027, 31 Jul 2026, 16 pp) has the full condensed statements and the notes, segment information included. The year-end English tanshin (28 Apr 2026) has the full statements and notes: going concern, accounting policy changes, changes in subsidiaries (JTEKT Bearings Czech deconsolidated), the reclassification note in the cash-flow statement, the segment note with the reconciliation to operating profit and profit before tax, regional revenue and non-current assets, EPS basis and subsequent events. Full statements and notes for the latest period, so 5. Source document →
F4Annual securities report available in English in any form0/5
The English IR site carries results, timely disclosures, business briefings, the JTEKT Report and past financial information. No securities report in English under any name.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
There are three reportable segments: Automotive, Industrial & bearings, and Machine tools. Every English tanshin gives external and intersegment revenue and segment profit (business profit) for each, with adjustments and a reconciliation to operating profit and PBT. Depreciation, impairment and capex are given by segment too. FY3/2026: Automotive ¥1,367,005m / ¥46,717m, Industrial & bearings ¥347,067m / ¥11,210m, Machine tools ¥210,877m / ¥17,440m. The note defines the segments (Automotive aggregates steering and driveline), the transfer pricing and the measure of segment profit. It also gives revenue and non-current assets by region. The decks add revenue and business profit by business unit (steering, driveline, industrial & bearings, machine tools) and by region, each with forecasts. Every period, definitions stated, so 5. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
There is no downloadable data file. We filtered the links on the English IR top, Financial Highlights (achievement.html), IR library / Past financial information (f_sheet.html), Share information, JTEKT Report and Non-financial data pages for xls, csv, excel or data: none found. Every document is a PDF. In place of a data file there is the Financial Highlights page, an HTML table of three years (FY2024-FY2026: revenue, business profit, PBT, net profit, comprehensive income, equity, total assets, BPS, EPS), plus the PDF 'Financial results supplementary materials' each quarter. The Japanese side has no spreadsheet either: its fact book page holds old PDFs (to FY3/2016 Q2).
F7Guidance disclosed in English with the basis explained5/5
The FY3/2027 forecast is in English in the year-end tanshin (28 Apr 2026): revenue ¥1,880bn, business profit ¥90bn, OP ¥75bn, PBT ¥70bn, net ¥50bn. It comes with the FX assumption (USD ¥155, EUR ¥180) and a management-environment view (geopolitical risk, AI and digital, new mobility entrants). The English FY deck (52 pp, the same as the Japanese) adds a business-profit bridge from ¥75.6bn to ¥90bn: FX, volume, US tariff -3.0, inflation, price, cost improvement +20.0, structural-reform effects and others. It also gives the forecast by region and by business unit (revenue and business profit, steering ¥40.2bn etc.) and a dividend of ¥70. The Q1 deck (4 Aug 2026) explains why the forecast is maintained and shows changes from the previous forecast. The Feb and Mar 2026 revisions each have an English notice explaining them. FX, market view and segment forecasts, with revisions explained, so 5. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the quarter ended 30 June 2026 published at the end of July 2026 with the Japanese filing, the same period. Source document →
S1Medium-term management plan in English with numerical targets4/5
The current plan is the Second Medium-Term Business Plan (FY2024-2026) toward the 2030 Vision. It is in English as 'Second medium-term business plan 2030 Vision' (44 pp; Japanese 45 pp, the extra page a site notice), created 27 Aug 2024 against 26 Aug for the Japanese. It has an English Q&A of the briefing. The FY2026 targets are ROE 7-8%, PBR 1.0x, revenue ¥2tn, business profit ratio 5-6%, CO2 -45% vs FY2013 and eNPS -55, at USD 145, with the 2030 Vision figures (ROE 10%, PBR 1.5x, margin 8%+). The English Corporate Guide (Mar 2026) adds target margins by business unit for 2026 and 2030. The English FY3/2026 deck tracks progress against them. Complete and current, so 5. The 3rd MTP is due in early 2027. Set to 4 in review, 16 Oct 2026: complete, but the English plan was posted a day after the Japanese; the anchor's 4 is 'complete, but published late'. Source document →
S2IR presentations published in English5/5
For every quarter the English library has the presentation, a summary of the Q&A (Q1 FY2027 posted in August), the result overview and the supplementary materials - the Japanese set. The Japanese side's extra is audio, a medium, not content. Source document →
S3English equity-story or investment-highlights page5/5
The English IR site has no 'why invest' or investment-highlights page. The nearest thing is the English 'CORPORATE GUIDE' investor deck (Daiwa Investment Conference, March 2026, 35 pp, also a Dec 2025 edition). Its section '1. Our company JTEKT' gives revenue ¥1,884.3bn, the No.1 world share in electric power steering, business with about 400 automotive OEMs and parts makers and about 2,000 industrial customers, operations in about 30 countries, and revenue and margin by business unit. The FY deck adds 'JTEKT's strengths' and 'unique positioning' slides that are mostly qualitative. The FY deck adds mostly qualitative 'JTEKT's strengths' and 'unique positioning' slides. Re-checked 21 Oct 2026 under the rule as written: a section in an investor document counts the same as a page, and a named market rank counts as a quantified strength. The investor deck's opening section quantifies the strengths, so 5. Source document →
S4Growth drivers identified and quantified in English5/5
The drivers are named and numbers are attached. The English FY3/2026 deck has a FY2026 business-profit bridge (cost improvement +¥20.0bn, EU/US restructuring effects +¥4.5bn, sales price +¥6.2bn, against the tariff and inflation). It has North America TFT profit recovery with an extra-cost chart, and the European restructuring path (entities 12 to 2, turning profitable by FY2027). It shows the steer-by-wire market-size forecast (S&P Global and Fuji Keizai sources) as the main 3rd-MTP driver, and ADC (North America FA) sales in USD with logistics investment of US$13m/39m. The MTP and Corporate Guide give target business profit margins by business unit (Automotive 2.5% to 5.5% to 6.5%, Industrial & Bearings 7.5% to 8.5%, Machine tools 11% to 13%) and the new plant in India for 2027. So 5. Source document →
S5Results-briefing transcripts or Q&A published in English4/5
The Japanese side publishes a 主な質疑応答 (main Q&A summary) for every quarterly briefing, and every one has an English 'Summary of Q&A', but each comes later. Q2 FY3/2026: JP PDF created 5 Nov 2025, EN 18 Nov. Q3: JP 6 Feb 2026 (IR News), EN 26 Feb (IR News). FY: JP 21 May 2026 (IR News), EN PDF created 27 May. Q1 FY3/2027: JP 5 Aug 2026, EN 18 Aug (both IR News). The MTP briefing Q&A (Aug 2024) is also in English. Every period, 6 to 20 days late, so 4 under the ruling. Source document →
S6Integrated or annual report available in English4/5
JTEKT Report 2025 in English (sections from October 2025, full text reposted October 2026), for the year ended March 2025. One edition behind the year since closed. Source document →
S7Progress against the previous plan, including misses, explained in English5/5
The English Second MTP document (p.5, 'Review of First medium-term business plan') sets the first plan's FY2023 goals against actuals. Goal: business profit ¥100bn and break-even sales ratio 80%. Actual: business profit ratio 3.9% on revenue ¥1,891bn (about ¥73bn) and break-even ratio 82.5%, with a four-year KPI table (revenue, business profit ratio, ROE). It says plainly 'Business profit goal not achieved' and explains why: sales falls in Europe and China, lower North American productivity, and slower ROE and margin improvement. Achievements are stated too (site consolidation 152 to 119 companies). Those two targets are the whole of the first plan's numerical targets (Medium-to long-term Business Plan, p.18, also in English). The English FY3/2026 deck (p.16) also sets the current plan's targets against FY2025 results and the FY2026 forecast. Target against actual with the variance explained, so 5. Source document →
G1Corporate governance report available in English3/5
The English governance section links the Corporate Governance Report but labels it '(JAPANESE)', and it is: the 2026 file is in Japanese. What the English reader gets instead is the site's own Corporate Governance page under Sustainability - written for the site in place of the filing. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The English notice of the 126th AGM (June 2026) covers Proposal 1, the election of all six directors (the whole board), and Proposal 2 for the A&SB members. For each candidate it gives date of birth, career history, current responsibilities, years in office as director (e.g. Kondo 2 years, Yamanaka 4 years, the outside directors 2 years), shares held and the reasons for nomination. The outside directors are marked <Outside Director> <Independent Director>, with notes on TSE independence filings. The English Corporate Governance page adds attendance and the reasons for appointing outside officers. Tenure, expertise and independence for every director, so 5. Source document →
G3Board skills matrix published in English5/5
The English 126th AGM notice (p.11) carries the 'Skill matrix of Directors and Audit & Supervisory Board Members upon approval of Proposal 1 and Proposal 2'. It covers all directors and A&SB members, with an explanation of the skills chosen. Current matrix in English, so 5. Source document →
G4Executive remuneration structure and its performance linkage explained in English4/5
The English Corporate Governance page sets out the structure: fixed monthly about 70%, performance-linked cash about 20% and restricted stock about 10%, with yearly caps of ¥800m and ¥100m. The KPIs are business profit plus safety and quality KPIs, and 50% of the business-profit-based amount is granted in stock. It also gives the process through the Executive Remuneration Meeting. The amounts are given by pay type for FY2024: directors ¥266m (fixed ¥188m, bonus ¥55m, stock ¥23m, 9 persons), A&SB ¥99m, total ¥365m, with outside officers broken out. The English FY3/2026 deck (p.32) gives the revised design from FY2026, adding MTP KPIs (ROE, CO2 reduction, employee engagement), at fixed 30 / performance 70 at 100% achievement. Structure, KPIs and amounts by pay type are in English. The amounts are FY2024's: the Japanese page shows the same year, and FY2025 amounts are only in the Japanese securities report. Re-checked 21 Oct 2026 under v1.1.1, which needs the weight of each performance measure in every performance-linked element: the bonus uses business profit plus safety and quality KPIs with no weights. So 4. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 126th Annual General Meeting in English, dated 4 June 2026 with electronic provision from 2 June, for a meeting on 25 June - 21 to 23 days - with the reference documents for all three proposals including each director candidate; a partial amendment followed in English on 10 June. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the voting website named in the English notice, www.web54.net (Sumitomo Mitsui Trust Bank), is in Japanese only, with no English option, as for ESPEC (6859) and Nitto Boseki (3110). Every proposal in English, but a Japanese-only voting route, so 4. Source document →
G6Shareholder vote results disclosed in English2/5
Notice of Resolutions of the 126th Annual General Meeting, in English, 25 June 2026: each proposal 'approved as originally proposed', with the candidates named. No vote counts, no approval ratios. Source document →
G7Cross-shareholdings in English with reduction schedule and rationale5/5
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (jtekt.co.jp/e/) has 'IR' in its global navigation, linking straight to the English IR top (/e/ir/). One click, so 5. Source document →
O2English document links resolve to English documents5/5
We sampled 26 English document links across types, all English: tanshin for Q2, Q3 and FY3/2026 and Q1 FY3/2027; the result overview (FY); the decks for Q2, FY (both library links: 7f7d...pdf and 20260520_IR_4Q_en_2.pdf) and Q1; the Q&A summaries for Q2, FY and Q1; the AGM notices for the 126th, 124th (the file is named 'RESOLUTIONS' but is the notice) and 117th; the resolutions notices for the 126th and 123rd; the timely disclosures (EU basic agreement, definitive agreement, transfer completion, controlling shareholder, own-share cancellation 2025); the second MTP and its Q&A; the first business plan; the Corporate Guide; the JTEKT Report 2024 and 2020; and the Annual Report 2015. The quarterly 'supplementary materials' (e.g. C_2026_4Q_hosoku_jp_en.pdf) are a bilingual JP/EN sheet, not a Japanese document. So 5. Source document →
O3English IR archive free of dead links5/5
All 26 sampled links (listed under O2), from 2015 to 2026 and across results, decks, Q&A, AGM, timely-disclosure, plan and report types, opened. The JTEKT Report 2025, 2024 and 2020 pages also render with live full-text links. None dead, so 5. Source document →
O4English IR pages render without blank JavaScript failures5/5
We rendered the IR top (IR News list and the IR Calendar graphic both render), IR News, IR calendar, Financial Highlights (table), Share information (shareholder table, dividends), General meeting, Financial results, Timely disclosure, Business Briefing, Integrated Report, Past financial information, FAQ and the IR inquiry form. All rendered their content in Chrome; no empty lists or failed widgets (screenshot shots/6473_irtop.png). So 5. Source document →
O5Single page listing all English IR documents by date and type3/5
The IR library is split by type across several pages: Financial results (current year), Past financial information (results by fiscal year back to FY3/2023 and earlier), Timely disclosure materials (by fiscal year), Business Briefing, Integrated Report and the AGM page. Each is grouped by year or period. The IR News page is a dated list, but it only runs from Feb 2026 and leaves out several types (e.g. the FY Q&A, the integrated report, some disclosures). Split by type across pages, so 3 under the ruling. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive is populated across years and types. Results (tanshin, overview, supplementary, deck, Q&A) go back to FY3/2023 and earlier on Past financial information. Timely disclosures go from FY3/2022 to now, AGM notices and resolutions from the 115th (2015) to the 126th (2026), and the JTEKT Report / Annual Report from 2006 to 2025, with half-year financial reports to 2016. The MTP materials go back to 2021. Several years across document types, so 5. Source document →
O7Named English IR contact published4/5
The English IR top page links 'Inquiries about IR' directly, to a dedicated IR contact form separate from the product and sustainability inquiry routes. Dedicated and immediately obvious. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
From the English and Japanese IR News lists: the tanshin was the same day for Q3 FY3/2026 (3 Feb 2026), FY3/2026 (28 Apr 2026) and Q1 FY3/2027 (31 Jul 2026). The deck was also the same day: Q3 6 Feb, FY 20 May, Q1 4 Aug 2026 on both lists. For Q2 FY3/2026 (before the lists start), the EN and JP tanshin PDFs were both created 30 Oct 2025 and both decks 5 Nov 2025. The FY deck files on both sides were re-issued on 9 Sep 2026, and both lists date the original to 20 May. Tanshin and deck the same day every period read, so 5. The Q&A summaries are later (see S5). Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Lags English vs Japanese, by IR News listing dates: Q1 FY3/2027 tanshin 31 Jul vs 31 Jul 2026 = 0 days. FY3/2026 tanshin 28 Apr vs 28 Apr 2026 = 0. Notice of the 126th AGM 29 May vs 29 May 2026 = 0 (the posted EN file is the 10 Jun amended version). Corporate Governance Report: no English version (the English site links the Japanese file, labelled '(JAPANESE)'), so >90. Annual securities report: no English version, so >90. Median of (0, 0, 0, >90, >90) is 0 days, so 5. Source document →
R3Timely disclosures published in English4/5
The Japanese 適時開示資料 page lists 12 timely disclosures from 16 Oct 2025 to 15 Oct 2026 (outside the results). Forecast revisions: 31 Oct 2025, 3 Feb 2026, 19 Mar 2026. Tender-offer participation: 3 Feb, with the update on 9 Mar. EU automotive business: basic agreement 27 Feb, definitive agreement 27 May, completion 31 Jul. RS treasury-stock disposal: 15 May, with payment on 26 Jun. Controlling shareholder matters: 28 Apr. Non-operating income: 31 Jul. All 12 have an English version on the English Timely disclosure page. Eleven are the same day by IR News or PDF dates. The completion of the European automotive transfer (JP 31 Jul 2026) has an English PDF dated 'July 31, 2026' but created 3 Aug 2026 and filed under the August uploads, about three days late. One late, so 4. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
In the rendered browser we checked the English homepage, the IR pages (top, FAQ, share information, calendar, IR inquiry) and the Terms of Use page: no machine-translation notice or AI-translation banner. The tanshin, AGM notice and notices carry 'translated from the Japanese original for reference purposes only ... the original shall prevail'. That is human-translation precedence language and belongs to R5. Nothing is presented as machine-translated, so 5. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin, the AGM notice and the notice of resolutions carry 'translated from the Japanese original for reference purposes only ... the original shall prevail'. The Q1 presentation carries no such statement. Disclaimed on some documents. Source document →
Open a question for the reasoning and the document its score was read from. A zero means no qualifying English materials were located within the stated review scope as of 2026-10-12. Compare this question across companies →
Capital-policy review
Not scored. 1 action has been reviewed; a score out of 100 is published once 3 or more are. The ratings:
Each action is read against the company’s own filings on four checks: was the promise specific, can the steps be traced, were the economics explained, and did it report back against the target. This records the status of selected actions, not an assessment of the company as a whole. How this is scored →
Second medium-term plan and 2030 capital-efficiency roadmap
Strategy or target reset · In progress · Plan announced 27 August 2024
JTEKT set FY2026 and FY2030 ROE and profitability targets and described DCF-based investment, portfolio reform and shareholder-return actions.
Timeline and sources (1 step)
- 27 August 2024Second plan announced JTEKT disclosed FY2026 and FY2030 targets and its capital-efficiency actions. Second medium-term business plan: 2030 Vision
What management said it would do
Management targets 7–8% ROE in FY2026 and 10% by FY2030 while moving toward higher-value and solution businesses.
From the company’s own disclosure · Second medium-term business plan: 2030 Vision
What it actually did, and when
The second plan is active; selected sources do not yet provide a complete project-spend and realized-return ledger.
Partly disclosed — a gap remains · JTEKT Report 2025
What it disclosed about the economics
JTEKT identifies DCF-based investment decisions, policy-shareholding elimination, portfolio reform and DOE of 2–3%.
Partly disclosed — a gap remains · Second medium-term business plan: 2030 Vision
What has happened since
The FY2030 outcome is not due.
Partly disclosed — a gap remains · Second medium-term business plan: 2030 Vision
The question this leaves open
Investor question: Which investments and portfolio exits will close the ROE gap? IR preparation: disclose annual capital deployment, hurdle rates and realized ROIC.
Our analysis, not a company statement
Balance sheet and capital-policy indicators
A source-backed first-pass capital-efficiency, balance-sheet and governance reading, separate from the accountability score.
Cash use and returns
JTEKT prioritizes higher-value existing businesses, new ventures and solution development through 2030.
Capital structure
Management identifies equity-ratio review, DOE of 2–3%, share buybacks and potential leverage as capital-structure levers.
Governance of capital decisions
The plan calls for DCF-based investment decisions, disposal of policy shareholdings and restructuring of underperforming businesses.
Preliminary and not scored: a selected-source reading, reviewed 28 September 2026. Surplus cash, leases, maturities, project ROIC, cost of capital, committed spend and peer comparability are not fully assessed; none enters the accountability score. Figures are the company’s own reported numbers; a large cash balance is not called excess without a defensible operating reserve and investment plan. Every company with a balance-sheet reading →
Changes to this record
- Research error 23 October 2026 · G5: 5 → 4. Every proposal is in the English notice, but the voting website shareholders use (Sumitomo Mitsui Trust Bank) is in Japanese only.
- Rule change 21 October 2026 · G4: 5 → 4. Under v1.1.1, a 5 needs the weight of each performance measure in every performance-linked element. The bonus uses business profit plus safety and quality KPIs with no weights.
- Research error 21 October 2026 · S3: 4 → 5. The English investor deck's opening section gives the No.1 world share in electric power steering and the customer base in numbers. The rule asks for a dedicated page or section for investors with quantified strengths; the earlier score also required framing as an investment case, which the rule does not.
Every change is labelled as a research error, new evidence supplied, improved disclosure or a rule change, with its date and the previous score. Change log →
Scores assess how English information is published, not the quality of the business or its investment value. To report an error or a document we missed, see how to contact us.