JTEKT : Changed company name of Japanese group company
September 07, 2022
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September 8, 2022
Changed company name of Japanese group company
On October 1, 2022, 10 JTEKT group companies will change their names to include "JTEKT".
Reason for company name change
JTEKT unified all business brands as JTEKT in April 2022 in order to create synergies, respond to customer needs, and achieve further growth. By unifying brand, we aim to strengthen our product strength by creating synergies and strengthen our sales force to promote cross-sales activities, including those of our group companies. This time, by naming 10 group companies "JTEKT", we will further strengthen the JTEKT brand by realizing ONE JTEKT and further fostering a sense of group unity.
List of company name changes on October 1, 2022
Former company name
⇒
New company name
Business field
Koyo Machine Industries Co., Ltd.
⇒
JTEKT MACHINE SYSTEMS CORPORATION
Manufacture and sale of machine tools, mechanical parts, and automotive components
Toyooki Kogyo Co., Ltd.
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JTEKT FLUID POWER SYSTEMS CORPORATION
Manufacture and sale of hydraulic and pneumatic devices, test devices and automotive components
Koyo Electronics Industries Co., Ltd.
⇒
JTEKT ELECTRONICS CORPORATION
Manufacture and sale of electronic control devices, imaging devices, automotive devices and FA control systems
HOUKO Co., Ltd.
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JTEKT GRINDING SYSTEMS CORPORATION
Design, manufacture, services, upgrade, and overhaul of grinder
Toyoda Van Moppes Ltd.
⇒
JTEKT GRINDING TOOLS CORPORATION
Manufacture and sale of diamond tools
Yutaka Gears and Machinery Corp.
⇒
JTEKT GEAR SYSTEMS CORPORATION
Manufacture and sale of automotive components, gears for general machinery, and gear processing machinery
FORMICS CO.,LTD
⇒
JTEKT FORMICS CORPORATION
Design, manufacture and sales of sheet metal products
TK Engineering Corporation
⇒
JTEKT ENGINEERING CORPORATION
Services, upgrade, and overhaul of production equipment system
YUTAKA HIGH-TECH,LTD.
⇒
JTEKT HIGH-TECH CORPORATION
Design of machinery and press mold, development of business software and control software
Koyo Machine Technologies Co.,Ltd.
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JTEKT MACHINES TECHNO CORPORATION
Services, upgrade, and overhaul of machinery
Prospect
In response to the increasing sophistication and diversification of social needs, such as the realization of a decarbonized society, the automation of production equipment, and the electrification of automobiles, JTEKT will continue to change the names of our group companies, demonstrate group synergies, and strive to provide a wide range of high-quality, low-priced products and services as a group.
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Disclaimer
JTEKT Corporation published this content on 08 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 04:19:05 UTC.
JTEKT Corporation specializes in manufacturing and marketing of industrial and automotive equipments. Net sales break down by family of products as follows:
- automotive components (67.6%): steering systems (71.9% of sales) and driveline systems (28.1%);
- industrial components and bearings (21.8%);
- machine tools and mechatronics equipment (10.6%).
Net sales break down geographically as follows: Japan (40.8%), China (12.7%), Asia and Oceania (12.9%), North America (20.6%), Europe (11.2%) and other (1.8%).