The latest update is out from JTEKT ( (JP:6473) ).
JTEKT Corporation has announced its relationship with Toyota Motor Corporation, which holds a 24.3% stake in JTEKT. This relationship is crucial as Toyota accounts for a substantial portion of JTEKT’s revenue. The announcement highlights the company’s strategic independence in conducting business with various automobile manufacturers, ensuring diverse revenue streams and maintaining its operational autonomy.
More about JTEKT
JTEKT Corporation operates in the automotive industry, providing automotive parts, machine tools, and other products. The company is significantly involved with the Toyota Group, contributing to 39% of its consolidated revenue, and maintains a degree of independence despite Toyota owning 24.3% of its voting rights.
YTD Price Performance: -2.61%
Technical Sentiment Signal: Buy
Current Market Cap: $2.13B
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