According to the Company, it has the world's largest market share in the power-steering segment. JTEKT's ambition is to be among the world's top 10 automotive parts suppliers in all four product categories and is presently the leading steering systems manufacturer in Japan. The company plans to launch next-generation steer-by-wire (SBW) products by the 2026 fiscal year and migrate to high value-added products such as electric power steering (EPS) systems.
Cyborg Score Rationale
The company generated revenue of $13.0B in 2025 with a net income decline of 65.9% compared to 2024, and holds a market cap of $3.6B. JTEKT maintains strong market positioning in automotive components with world-leading steering systems technology, though profitability challenges and margin compression require strategic execution.
Top Insights
World's largest market share in power-steering segment
Developing drive-line components and wheel hub units for electric vehicles and fuel cell vehicles
Products utilized across diverse industries including automotive, steel, railway, aviation, aerospace, construction machinery, agricultural machinery, and wind power generation
Largest market is Japan, accounting for nearly 40% of revenue
Named Competitors
Power Steering Systems — Global automotive supplier in steering systems and EV components
Steering Systems — Japanese bearings and automotive components manufacturer
Driveline Components — German automotive parts supplier specializing in drivetrains and steering
Recent Developments
(March 2025) World Smart Energy Week 2025 exhibition - showcased J-EPICS linkless steer-by-wire system
(2026 FY Target) Launch of next-generation steer-by-wire products per strategic roadmap
(2025) Net income declined 65.9% year-over-year amid global automotive challenges
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