JTEKT Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024

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%).