#JTEKTCorporation

Losses of 24.4 billion yen (consolidated, other expenses), 28.6 billion yen (allowance for doubtful accounts), and 32.2 billion yen (extraordinary losses) expected due to the transfer of the European automotive business. Full-year earnings guidance revised to operating income of 22.0 billion yen (60.0% decrease from previous forecast).

The planned purchase price for the tender offer was revised from 18,800 yen to 20,600 yen per common share, increasing the total planned sale amount from 37.6 billion yen to 41.2 billion yen. The tender offer period has been extended from February 12, 2026, to March 23, 2026.

JTEKT Corporation has entered into a basic agreement to transfer seven consolidated subsidiaries of its European automotive business to Germany's LEO III.-VV25-A GmbH. The transfer is scheduled to be completed by the end of August 2026.

Effective April 1, 2026, promotions and new appointments of Senior Executive Officers and Executive Officers, changes in delegated duties, and retirements were decided. Organizational changes include the establishment of the Production Engineering Section in the Production Headquarters, reorganization of the Sales Headquarters, and the creation of a Strategy Department within the Business Administration Headquarters.

For the fiscal year ending March 2026 Q3, revenue was 1,403.32 billion yen (1.3% YoY increase), operating income was 37.82 billion yen (8.0% YoY increase), and net income attributable to owners of parent for the quarter was 21.349 billion yen (114.6% YoY increase).

The sales revenue for the fiscal year ending March 2026 has been revised to 1.88 trillion yen (2.2% increase from previous forecast), operating income to 55 billion yen (10.0% increase), and net income attributable to owners of parent to 25 billion yen (25.0% increase).

JTEKT Corporation will apply all 2,002,625 ordinary shares of Toyota Industries Corporation it holds to the tender offer at 18,800 yen per share, totaling approximately 37.6 billion yen, and expects to record a special profit of 34.1 billion yen in the individual financial statements for the fiscal year ending March 2026.