JTEKT Corporation · TSE:6473
JTEKT — Q1 FY2025 Earnings Presentation
31 slides from JTEKT's earnings presentation, Aug 4, 2025
Slide 1: Financial results for the 1st Quarter of fiscal year ending March 2026
1/31 1/31 Financial results for the 1st Quarter of fiscal year ending March 2026 August 4 th, 2025 JTEKT CORPORATION
Slide 2: Overview of Financial results
Overview of Financial results 2/31 ■ Despite sales recovery mainly in Japan, Revenue decreased YoY due to unfavorable exchange rate. Result ■ Despite unfavorable exchange rate and U.S. Tariff, Business profit increased YoY due to cost improvement activities, such as “Task Force Team (TFT)” activitie
Slide 3: Agenda
Agenda 3/31 １．Results for the 1st Quarter of fiscal year ending March 2026 P4 ２．Forecasts for Fiscal Year ending March 2026 P9 ３. Appendix P 15 JTEKT CORPORATION
Slide 4: 1-1) FY2025 1Q Results – Consolidated performance
1-1) FY2025 1Q Results – Consolidated performance 4/31 ■ Despite sales recovery mainly in Japan, Revenue decreased YoY due to unfavorable exchange rate. ■ Despite unfavorable exchange rate and U.S. Tariff, Business profit increased due to cost improvement activities, such as “TFT” activities in Nort
Slide 5: 1-2) FY2025 1Q Results – Business profit analysis
1-2) FY2025 1Q Results – Business profit analysis 5/31 ■ Despite unfavorable exchange rate, U.S. Tariff and cost inflation (mainly labor costs) prior to sales price up, Business profit increased due to higher sales volume and cost improvement activities, such as “TFT” activities in North America. Un
Slide 6: 1-3) FY2025 1Q Results – by Region
1-3) FY2025 1Q Results – by Region 6/31 ■ Despite higher sales volume in Japan, business profit decreased due to cost inflation (mainly labor costs) prior to sales price up. Revenue Business profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 8.3 9.1 1,809 6.7 1,727 4.8 2.3 1.4 0.3 1.2
Slide 7: 1-4) FY2025 1Q Results – by Business unit
1-4) FY2025 1Q Results – by Business unit 7/31 ■ Business profit increased in all business units due to cost reduction activities, etc. Revenue Business profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 9.9 2,212 6.4 2,119 4.8 2.5 2.6 1.0 1.5 1.4 41 43 32 29 28 1,099 1,119 27 23 886 8
Slide 8: Agenda
Agenda 8/31 １．Results for the 1st Quarter of fiscal year ending March 2026 P4 ２．Forecasts for Fiscal Year ending March 2026 P9 ３. Appendix P 15 JTEKT CORPORATION
Slide 9: 2-1) FY2025 Forecast – Consolidated performance
2-1) FY2025 Forecast – Consolidated performance 9/31 ■ Although business profit decreased YoY due to unfavorable exchange rate etc., we aim to achieve the disclosed forecast by steadily implementing cost reduction activities in line with the 2nd period of the mid-term plan, and sales price up to rec
Slide 10: 2-2) FY2025 Forecast – Business profit analysis
2-2) FY2025 Forecast – Business profit analysis 10/31 ■ Business Profit will decrease however Profit margin will sustain due to internal efforts such as cost reduction activities, reduction of extra cost in North America. ■ The negative impact of U.S. Tariffs will be offset by “implementing all poss
Slide 11: 2-3) FY2025 Forecast – by Region
2-3) FY2025 Forecast – by Region 11/31 ■ North America：Aiming for further profit growth by completion of TFT activities etc. Revenue Business profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 10.6 8.9 7.6 6.9 7,390 7,500 3.6 3.1 1.2 1.7 -3.2 -5.1 295 4,853 262 253 4,520 230 122 2,844
Slide 12: 2-4) FY2025 Forecast – by Business unit
2-4) FY2025 Forecast – by Business unit 12/31 ■ Revenue will decrease due to unfavorable exchange rate in all Business units. ■ Business profit will increase in Drivelines and Industrial & bearings. Revenue Business profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 10.4 10.3 8,957 3.1
Slide 13: 2-5) Return to shareholders
2-5) Return to shareholders 13/31 ■ Keep expanding shareholder returns in line with the 2nd period of Mid-term Plan. FY2025 Expected ・・・ Dividend：60 yen per year (DOE 2.6%) ■ Aim to transform into “solution provider” during 2nd period of Mid-term Plan, for further shareholder return increase. 2.6 2.
Slide 14: Agenda
Agenda 14/31 １．Results for the 1st Quarter of fiscal year ending March 2026 P4 ２．Forecasts for Fiscal Year ending March 2026 P9 ３. Appendix P 15 JTEKT CORPORATION
Slide 15: 3-1) Management indicators
3-1) Management indicators 15/31 Cash Flow statement Capital Efficiency Indicators Upper row Cash flows from operating activities Unit : 100M of yen (%) ROE ROA ROIC Lower row Cash flows from investing activities 5.9 FCF 1,544 5.4 5.1 5.5 5.3 4.7 782 802 3.8 670 831 3.5 360 134 2.7 417 43 261 2.6 2.
Slide 16: 3-2) Management indicators
3-2) Management indicators 16/31 Capital expenditures Depreciation & amortization R&D expenses Upper row Jul-Mar Unit : 100M of yen Unit : 100M of yen ratio to revenue (%) Unit : 100M of yen Lower row Apr-Jun 969 3.3 3.1 3.1 3.0 3.3 723 717 710 694 800 669 589 580 651 558 623 513 475 819 520 554 540
Slide 17: 3-3) Management indicators
3-3) Management indicators 17/31 Inventories Interest-bearing debt / Cash reserves Inventory turnover month Unit : 100M of yen Left bar Interest-bearing debt NET DE ratio Right bar Cash reserves Unit : 100M of yen 1.7 1.7 1.6 1.7 1.7 0.22 0.20 0.16 0.16 2,670 0.09 2,577 2,562 2,475 2,290 2,617 2,551
Slide 18: 3-4-1) Financial statements
3-4-1) Financial statements 18/31 Assets Liabilities and equity Unit : 100M of yen Unit : 100M of yen FY2025 Liabilities FY2025 Assets FY2024 Change FY2024 Change 1Q and equity 1Q Cash and cash Trade and other 1,190 1,382 ＋192 3,796 3,644 -151 equivalents payables Trade and other Interest-bearing 3,
Slide 19: 3-4-2) Financial statements
3-4-2) Financial statements 19/31 Consolidated Profit and Loss statement Consolidated Cash Flow statement Unit : 100M of yen Unit : 100M of yen FY2024 FY2025 FY2024 FY2025 Change Change 1Q 1Q 1Q 1Q Cash flows from Revenue 4,640 4,547 -92 261 360 ＋98 operationg activities Cash flows from Business Pro
Slide 20: 3-5-1) Performance comparison – FY2025 1Q Results (by Region)
3-5-1) Performance comparison – FY2025 1Q Results (by Region) 20/31 Unit:100M of yen FY2024 FY2025 Foreign FY2025 Change excluding Region change 1Q 1Q exchange 1Q foreign exchange Japan 1,727 1,809 ＋81 +4.7% - 1,809 ＋81 +4.7% North America 1,288 1,220 -67 -5.3% -117 1,337 ＋49 +3.8% Europe 576 514 -6
Slide 21: 3-5-2) Performance comparison – FY2025 1Q Results (by Business unit)
3-5-2) Performance comparison – FY2025 1Q Results (by Business unit) Unit:100M of yen 21/31 FY2024 FY2025 Foreign FY2025 Change excluding Business unit change 1Q 1Q exchange 1Q foreign exchange Steering 2,212 2,119 -93 -4.2% -112 2,231 ＋19 +0.9% Drivelines 1,099 1,119 ＋20 +1.8% -22 1,141 ＋42 +3.9% A
Slide 22: 3-6-1) Quarterly result trend – by Region
3-6-1) Quarterly result trend – by Region 22/31 Unit : 100M of yen 1Q 2Q 3Q 4Q FY2024 Revenue Business profit Revenue Business profit Revenue Business profit Revenue Business profit Japan 1,727 39 2.3% 1,821 97 5.3% 1,875 61 3.3% 1,965 63 3.2% North America 1,288 3 0.3% 1,102 -38 -3.5% 1,102 -22 -2.
Slide 23: 3-6-2) Quarterly result trend – by Business unit
3-6-2) Quarterly result trend – by Business unit 23/31 Unit : 100M of yen 1Q 2Q 3Q 4Q FY2024 Revenue Business profit Revenue Business profit Revenue Business profit Revenue Business profit Steering Systems 2,212 23 1.0% 2,133 57 2.7% 2,239 30 1.3% 2,372 164 6.9% Drivelines 1,099 27 2.5% 1,030 14 1.4
Slide 24: 3-7-1) Automotive Revenue by Customer
3-7-1) Automotive (Steering/Drivelines) Revenue by Customer 24/31 Global Unit : 100M of yen 16.7% Other Japanese and Global revenue by Customer FY2024 1Q FY2025 1Q Nissan 239 -29 FY2024 1Q 210 (-12.0%) 3,312 (100M of yen) Suzuki 150 -6 Other Japanese 144 (-3.7%) 22.6% Toyota Group Mazda 144 -13 60.6
Slide 25: 3-7-2) Industrial & Bearings Revenue by Industry
3-7-2) Industrial & Bearings Revenue by Industry 25/31 After-market Unit : 100M of yen 15.1% Industrial & Bearings revenue 15.7% by 6 priority industries FY2024 1Q FY2025 1Q FY2024 1Q 3,580 886 Steel 33 ＋6 億円 39 (+17.9%) (100M of yen) 25.2% 37 -1 Agricultural (-3.7%) Industry Automobiles 36 23.4% 61
Slide 26: 3-8-1) Business profit analysis – Steering Systems / Drivelines
3-8-1) Business profit analysis – Steering Systems / Drivelines 26/31 Unit : 100M of yen ＋4 32 ＋28 23 Steering ＋8 Systems -4 -12 -10 -6 FY2024 Foreign Sales Inflation U.S. Sales Cost Expense FY2025 1Q exchange volume Impact Tariff price Reduction etc. 1Q ＋5 ＋9 29 27 -1 -2 -0 Drivelines -6 -3 FY2024
Slide 27: 3-8-2) Business profit analysis – Industrial & Bearings / Machine tools
3-8-2) Business profit analysis – Industrial & Bearings / Machine tools 27/31 Unit : 100M of yen ＋40 41 11 Industrial -5 ＋9 & Bearings -3 -5 -4 -2 FY2024 Foreign Sales Inflation U.S. Sales Cost Expense FY2025 1Q exchange volume Impact Tariff price Reduction etc. 1Q ＋12 43 ＋8 ＋3 28 Machine -3 -0 -0 -
Slide 28: 3-9-1) Performance comparison – FY2025 Forecasts (by Region)
3-9-1) Performance comparison – FY2025 Forecasts (by Region) 28/31 Unit:100M of yen Foreign Change excluding Region FY2024 FY2025 Change FY2025 exchange foreign exchange Japan 7,390 7,500 ＋109 +1.5% - 7,500 ＋109 +1.5% North America 4,853 4,520 -333 -6.9% -434 4,954 ＋100 +2.1% Europe 2,151 1,680 -471
Slide 29: 3-9-2) Performance comparison – FY2025 Forecasts (by Business unit)
3-9-2) Performance comparison – FY2025 Forecasts (by Business unit) Unit:100M of yen 29/31 Foreign Change excluding Business unit FY2024 FY2025 Change FY2025 exchange foreign exchange Steering 8,957 8,285 -672 -7.5% -560 8,845 -112 -1.3% Drivelines 4,373 4,260 -113 -2.6% -114 4,374 ＋0 +0.0% Automoti
Slide 30: 3-10) Profit trends
3-10) Profit trends 30/31 Equity ratio (%) 43.6 45.0 46.3 48.4 47.6 47.5 42.3 42.0 42.4 42.7 40.1 Left bar Business profit Right bar *Profit Unit : 100M of yen 819 813 774 717 728 626 649 600 486 475 496 423 402 375 342 272 206 200 159 137 8 -37 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY202
Slide 31: Thank You
31/31 Thank You J-Nyan TEK-NYAN 【Note on forward-looking statements】 This report contains forward-looking statements pertaining to forecasts, plans and strategies. These forward-looking statements include risks, uncertainties and other factors, and actual results and business results may differ from