Jtekt Corporation · TSE:6473
Jtekt — Q1 FY2026 Earnings Presentation
32 slides from Jtekt's earnings presentation, Aug 4, 2026
Slide 1: Financial results for the 1st Quarter of fiscal year ending March 2027
1/32 1/32 Financial results for the 1st Quarter of fiscal year ending March 2027 August 4 th, 2026 JTEKT CORPORATION
Slide 2: Overview of Financial results
Overview of Financial results 2/32 ■ Revenue increased YoY, driven by favorable foreign exchange effects and higher sales in North America and Asia, despite the impact of the Middle East situation. ■ Business profit increased YoY, supported by the effects of structural reforms in Europe and Result N
Slide 3: Agenda
Agenda 3/32 １．Results for the 1st Quarter of fiscal year ending March 2027 P4 ２．Forecasts for Fiscal Year ending March 2027 P9 ３. Appendix P 16 JTEKT CORPORATION
Slide 4: 1-1) FY2026 Q1 Results – Consolidated performance
1-1) FY2026 Q1 Results – Consolidated performance 4/32 ■ Revenue increased YoY, driven by favorable foreign exchange effects and higher sales in North America and Asia, despite the impact of the Middle East situation. ■ Business profit increased YoY, supported by the effects of structural reforms in
Slide 5: 1-2) FY2026 Q1 Results – Business profit analysis
1-2) FY2026 Q1 Results – Business profit analysis 5/32 ■ U.S. Tariffs and cost inflation (mainly labor costs) were incurred prior to recovery from customers. ■ Business profit increased YoY, supported by the effects of structural reforms in Europe and Unit：100M North America and of yen cost improvem
Slide 6: 1-3) FY2026 Q1 Results – by Region
1-3) FY2026 Q1 Results – by Region 6/32 ■ Europe returned to profitability on a quarterly basis, supported mainly by the recovery of inflation costs incurred in prior years from customers. Revenue Business Profit ratio to revenue(%) Unit : 100M of yen Unit : 100M of yen 9.1 10.1 1,809 1,815 6.7 6.2
Slide 7: 1-4) FY2026 Q1 Results – by Business unit
1-4) FY2026 Q1 Results – by Business unit 7/32 ■ Steering systems：Business profit increased YoY, supported mainly by the recovery of inflation costs incurred in prior years from customers in Europe. Revenue Business Profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 2,378 9.9 7.9 2,119
Slide 8: Agenda
Agenda 8/32 １．Results for the 1st Quarter of fiscal year ending March 2027 P4 ２．Forecasts for Fiscal Year ending March 2027 P9 ３. Appendix P 16 JTEKT CORPORATION
Slide 9: 2-1) FY2026 Forecast – Consolidated performance
2-1) FY2026 Forecast – Consolidated performance 9/32 ■ Initial forecast (Record-High Profit) maintained, despite the steady accumulation of benefits from cost improvement and restructuring initiatives, due to continued market uncertainty, including geopolitical developments in the Middle East. Unit：
Slide 10: 2-2) FY2026 Forecast – Business profit analysis
2-2) FY2026 Forecast – Business profit analysis 10/32 ■ Despite the impact of lower sales, particularly in China, record-high business profit is expected, supported by cost improvement activities, including selling price improvement, productivity improvement and structural reforms in Europe and Nort
Slide 11: 2-3) FY2026 Forecast – by Region
2-3) FY2026 Forecast – by Region * Including the impact of The Transfer of the European Automotive Business 11/32 ■ North America : Business profit increased supported by cost improvement activities. ■ Europe : Business profit increased supported by structural reforms. Revenue Business Profit Unit :
Slide 12: 2-4) FY2026 Forecast – by Business unit
2-4) FY2026 Forecast – by Business unit * Including the impact of The Transfer of the European Automotive Business 12/32 ■ Business profit increased in all business units, with particularly strong growth in Steering Systems driven by structural reforms in Europe. Revenue Business Profit ratio to rev
Slide 13: 2-5) FY2026 Forecast - Structural Reform in Europe
2-5) FY2026 Forecast - Structural Reform in Europe 13/32 ■ The transfer of the European Automotive Business was completed at the end of July, one month ahead of schedule. ■ The forecast is revised upward, reflecting the recovery from customers of inflation costs incurred in prior years. → Europe is
Slide 14: 2-6) Shareholder Returns
2-6) Shareholder Returns 14/32 ■ Continue to enhance shareholder returns in line with the Mid-Term Management Plan. FY2026 dividend forecast maintained at 70 yen per share annually. (Interim 35 yen / Year-end 35 yen, DOE 2.8%) 2.8 2.5 2.2 1.6 1.7 70 Unit : yen per share 1.1 60 DOE(%) 50 35 36 30 30
Slide 15: Agenda
Agenda 15/32 １．Results for the 1st Quarter of fiscal year ending March 2027 P4 ２．Forecasts for Fiscal Year ending March 2027 P9 ３. Appendix P 16 JTEKT CORPORATION
Slide 16: 3-1) Management indicators
3-1) Management indicators 16/32 Cash Flow Capital Efficiency Indicators Upper row Cash flows from operating activities ROE ROA ROIC (%) Lower row Cash flows from investing activities Unit：100M of yen 7.0 FCF 1,544 5.9 5.9 5.4 1,084 5.1 6.2 782 831 802 5.5 5.3 557 433 261 43 363 3.1 2.6 1.8 2.4 1.6
Slide 17: 3-2) Management indicators
3-2) Management indicators 17/32 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 3.1 3.2 3.1 3.0 822 2.9 730 723 717 711 720 694 651 623 610 589 558 564 819 513 677 520 554 54
Slide 18: 3-3) Management indicators
3-3) Management indicators 18/32 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 1.6 1.7 1.6 1.5 0.20 0.16 2,670 0.09 0.10 2,577 2,533 0.07 2,475 2,444 2,551 2,419
Slide 19: 3-4-1) Financial statements
3-4-1) Financial statements 19/32 Unit：100M of yen Assets Liabilities and equity FY2026 Liabilities FY2026 Assets FY2025 Change FY2025 Change Q1 and equity Q1 Cash and cash Trade and other 1,375 1,684 +309 3,518 3,483 -34 equivalents payables Trade and other Interest-bearing 3,495 3,323 -171 2,171 2
Slide 20: 3-4-2) Financial statements
3-4-2) Financial statements 20/32 Unit：100M of yen Consolidated Profit and Loss statement Consolidated Cash Flow statement FY2025 FY2026 FY2025 FY2026 Change Change Q1 Q1 Q1 Q1 Cash flows from Revenue 4,547 4,919 +371 operating activities 360 433 +73 Cash flows from Business Profit 140 227 +87 -225
Slide 21: 3-5-1) Performance comparison – FY2026 Q1 Results (by Region)
3-5-1) Performance comparison – FY2026 Q1 Results (by Region) Unit:100M of yen 21/32 FY2026 FY2025 FY2026 Foreign Change excluding Region change Q1 Q1 Q1 exchange foreign exchange (excluding FX) Japan 1,809 1,815 +5 +0.3% - 1,815 +5 +0.3% North America 1,220 1,455 +234 +19.2% +152 1,302 +82 +6.7% Eu
Slide 22: 3-5-2) Performance comparison – FY2026 Q1 Results (by Business unit)
3-5-2) Performance comparison – FY2026 Q1 Results (by Business unit) Unit:100M of yen 22/32 FY2025 FY2026 Foreign FY2026 Change excluding Business unit change Q1 Q1 Q1 exchange foreign exchange (excluding FX) Steering 2,119 2,378 ＋259 +12.2% ＋200 2,178 ＋58 +2.8% Drivelines 1,119 1,174 ＋54 +4.9% ＋43
Slide 23: 3-6-1) Quarterly result trend – by Region
3-6-1) Quarterly result trend – by Region 23/32 Unit : 100M of yen Q1 Q2 Q3 Q4 FY2025 Revenue Business profit Revenue Business profit Revenue Business profit Revenue Business profit Japan 1,809 25 1.4% 1,945 93 4.8% 1,877 86 4.6% 1,967 84 4.3% North America 1,220 14 1.2% 1,255 42 3.4% 1,270 -1 -0.1%
Slide 24: 3-6-2) Quarterly result trend – by Business unit
3-6-2) Quarterly result trend – by Business unit 24/32 Unit : 100M of yen Q1 Q2 Q3 Q4 FY2025 Revenue Business profit Revenue Business profit Revenue Business profit Revenue Business profit Steering Systems 2,119 32 1.5% 2,189 56 2.6% 2,243 59 2.6% 2,524 180 7.2% Drivelines 1,119 29 2.6% 1,159 46 4.0
Slide 25: 3-7-1) Automotive Revenue by Customer
3-7-1) Automotive (Steering/Drivelines) Revenue by Customer 25/32 Global 13.3% Revenue by major customer Unit : 100M of yen FY2025 Q1 FY2026 Q1 2,015 403 +219 FY2025 Q1 Toyota Group 2,235 447 (+10.9%) 3,238 210 +39 (100M of yen) Nissan 249 (+18.5%) Other Japanese Toyota group 24.4% 62.2% Mazda 131 +
Slide 26: 3-7-2) Industrial & Bearings Revenue by Industry
3-7-2) Industrial & Bearings Revenue by Industry 26/32 After-market 14.8% Revenue in industry Unit : 100M of yen 15.7% by 6 priority industries FY2025 Q1 FY2026 Q1 FY2025 Q1 3,580 39 -2 861 60.2% Steel Industry 億円 (100M of yen) Automobiles 37 (-5.4%) 24.7% 25.2% 60.4% 36 -0 Agricultural 35 (-1.2%) 3
Slide 27: 3-8-1) Business profit analysis – Steering Systems / Drivelines
3-8-1) Business profit analysis – Steering Systems / Drivelines 27/32 Unit : 100M of yen +30 ＋6 131 +10 +34 +30 +3 ＋4 Steering 32 -10 -7 Systems FY2025 Foreign Sales U.S. Inflation Sales Cost U.S. EU & U.S. Expense FY2026 Q1 exchange volume Tariffs impact price improvement extra cost restr. Effect e
Slide 28: 3-8-2) Business profit analysis – Industrial & Bearings / Machine tools
3-8-2) Business profit analysis – Industrial & Bearings / Machine tools 28/32 Unit : 100M of yen +6 +13 +9 41 +9 +0 36 Industrial -18 & -5 -3 -16 Bearings FY2025 Foreign Sales U.S. Inflation Sales Cost U.S. EU & U.S. Expense FY2026 Q1 exchange volume Tariffs impact price improvement extra cost restr
Slide 29: 3-9-1) Performance comparison – FY2026 Forecasts (by Region)
3-9-1) Performance comparison – FY2026 Forecasts (by Region) 29/32 * Including the impact of The Transfer of the European Automotive Business Unit:100M of yen Foreign FY2026 Change excluding Region FY2025 FY2026 Change exchange (excluding FX) foreign exchange Japan 7,599 7,305 -294 -3.9% - 7,305 -29
Slide 30: 3-9-2) Performance comparison – FY2026 Forecasts (by Business unit)
3-9-2) Performance comparison – FY2026 Forecasts (by Business unit) Unit:100M of yen 30/32 * Including the impact of The Transfer of the European Automotive Business Foreign FY2026 Change excluding Business unit FY2025 FY2026 Change exchange (excluding FX) foreign exchange Steering 9,076 8,536 * -54
Slide 31: 3-10) Revenue and profit trend
3-10) Revenue and profit trend 31/32 Revenue Business profit Profit for the period(*) Business profit(%) Profit for the period(%) Unit：100M of yen (*) Profit attributable to owners of the parent company 5.9 5.6 4.7 4.8 3.7 3.9 3.4 3.9 2.6 3.0 1.3 3.6 3.4 2.7 2.0 2.1 1.8 1.4 0.7 0.6 0.1 18,915 18,843
Slide 32: Thank You
32/32 Thank You J-Nyan 【Note on forward-looking statements】 TEK-NYAN 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