JTEKT Corporation · TSE:6473
JTEKT — Q2 FY2025 Earnings Presentation
32 slides from JTEKT's earnings presentation, Nov 5, 2025
Slide 1: Financial results for the 2nd Quarter of fiscal year ending March 2026
1/32 1/32 Financial results for the 2nd Quarter of fiscal year ending March 2026 November 5 th, 2025 JTEKT CORPORATION
Slide 2: Overview of Financial results
Overview of Financial results 2/32 ■ Despite unfavorable exchange rate, Revenue increased YoY due to sales recovery in Japan and North America. Result ■ Despite the impact of U.S. tariffs and unfavorable exchange rate, Business Profit increased YoY due to higher revenue and cost improvement activiti
Slide 3: Agenda
Agenda 3/32 １．Results for the 2nd Quarter of fiscal year ending March 2026 P4 ２．Forecasts for Fiscal Year ending March 2026 P9 ３. Appendix P 16 JTEKT CORPORATION
Slide 4: 1-1) FY2025 2Q Results – Consolidated performance
1-1) FY2025 2Q Results – Consolidated performance 4/32 ■ Despite the impact of unfavorable exchange rate, Revenue increased YoY due to sales recovery in Japan and North America. ■ Despite the impact of unfavorable exchange rate and U.S. Tariff, Business profit increased YoY due to cost improvement a
Slide 5: 1-2) FY2025 2Q Results – Business profit analysis
1-2) FY2025 2Q Results – Business profit analysis 5/32 ■ Despite the impact of unfavorable exchange rate and U.S. Tariff, Business profit increased due to higher sales volume and cost improvement activities, such as TFT activities in North America. U.S. Tariff -70 Unit：100M of yen Inflation cost -88
Slide 6: 1-3) FY2025 2Q Results – by Region
1-3) FY2025 2Q Results – by Region 6/32 ■ North America: Despite the impact of U.S. tariff, Business Profit increased and turned profitable due to cost improvement activities. Revenue Business Profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 9.9 3,754 8.7 3,549 6.8 7.0 3.9 3.2 2.3 -1
Slide 7: 1-4) FY2025 2Q Results – by Business unit
1-4) FY2025 2Q Results – by Business unit 7/32 ■ Business profit increased in all business units due to cost improvement activities, etc. Revenue Business profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 4,345 4,309 9.9 10.1 4.4 3.3 2.9 1.8 2.1 2.0 99 93 88 80 76 75 2,278 2,129 50 1,
Slide 8: Agenda
Agenda 8/32 １．Results for the 2nd Quarter of fiscal year ending March 2026 P4 ２．Forecasts for Fiscal Year ending March 2026 P9 ３. Appendix P 16 JTEKT CORPORATION
Slide 9: 2-1) FY2025 Forecast – Consolidated performance
2-1) FY2025 Forecast – Consolidated performance 9/32 ■ Revenue is revised upward to 1.84 trillion yen due to changes in the assumed foreign exchange rates and recent customer demand. ■ While favorable exchange rate and cost improvement activities exceeded the target, Business Profit remains unchange
Slide 10: 2-2) FY2025 Forecast – Business profit analysis
2-2) FY2025 Forecast – Business profit analysis 10/32 ■ Downward : Risks of sales volume reduction and delayed U.S. tariff recovery from customers ■ Upward : Favorable exchange rate and cost improvement activities exceeded the target Unit：100M of yen U.S. Tariff -300 Inflation cost -175 Internal eff
Slide 11: 2-3) FY2025 Forecast – by Region
2-3) FY2025 Forecast – by Region 11/32 ■ North America: While we have the risk of delayed U.S. tariff recovery, we aim for further profit growth by completion of TFT activities etc. Revenue Business profit Unit : 100M of yen ratio to revenue(%) Unit : 100M of yen 10.1 8.9 7.6 6.9 7,390 7,410 3.6 3.2
Slide 12: 2-4) FY2025 Forecast – by Business unit
2-4) FY2025 Forecast – by Business unit 12/32 ■ Industrial & Bearings: Despite the revenue decrease, we expect Business Profit increase due to effects of structural reforms in Europe and North America. Revenue Business profit Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) 10.4 9.9 8,957 3
Slide 13: 2-5) Return to shareholders
2-5) Return to shareholders 13/32 ■ Keep expanding shareholder returns in line with the 2 nd period of Mid-term Plan. FY2025 Expected ・・・ Annual Dividend per share：60 yen (DOE 2.6%) 2.6 2.2 1.6 1.7 Unit : yen per share 1.0 1.1 60 DOE(%) 50 Upper row Year-end dividend 36 30 Lower row Interim dividend
Slide 14: The JTEKT Report 2025 was released on September 29, 2025
14/32 The JTEKT Report 2025 was released on September 29, 2025 Link: JTEKT Report 2025 | Integrated Report | IR | JTEKT Corporation JTEKT CORPORATION
Slide 15: Agenda
Agenda 15/32 １．Results for the 2nd Quarter of fiscal year ending March 2026 P4 ２．Forecasts for Fiscal Year ending March 2026 P9 ３. Appendix P 16 JTEKT CORPORATION
Slide 16: 3-1) Management indicators
3-1) Management indicators 16/32 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 3.8 670 831 428 3.5 2.7 417 43 24 261 2.6 2.4
Slide 17: 3-2) Management indicators
3-2) Management indicators 17/32 Capital expenditures Depreciation & amortization R&D expenses Upper row Oct-Mar Unit : 100M of yen Unit : 100M of yen ratio to revenue(%) Unit : 100M of yen Lower row Apr-Sep 969 3.3 3.1 3.1 3.0 3.2 723 717 710 694 800 669 589 580 651 558 623 513 635 372 364 368 345
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 1.7 1.6 1.7 1.7 0.22 0.20 0.16 0.17 2,670 0.09 2,577 2,594 2,475 2,290 2,617 2,551
Slide 19: 3-4-1) Financial statements
3-4-1) Financial statements 19/32 Assets Liabilities and equity Unit : 100M of yen Unit : 100M of yen FY2025 Liabilities FY2025 Assets FY2024 Change FY2024 Change 2Q and equity 2Q Cash and cash Trade and other 1,190 1,273 +82 3,796 3,635 -160 equivalents payables Trade and other Interest-bearing 3,6
Slide 20: 3-4-2) Financial statements
3-4-2) Financial statements 20/32 Consolidated Profit and Loss statement Consolidated Cash Flow statement Unit : 100M of yen Unit : 100M of yen FY2024 FY2025 FY2024 FY2025 Change Change 2Q 2Q 2Q 2Q Cash flows from Revenue 9,184 9,301 +116 operationg activities 92 428 +336 Cash flows from Business Pr
Slide 21: 3-5-1) Performance comparison – FY2025 2Q Results (by Region)
3-5-1) Performance comparison – FY2025 2Q Results (by Region) 21/32 * Including the impact of the transfer of the NRB business in Europe・・・ Revenue：-37 Business Profit：＋5 Unit:100M of yen FY2025 FY2024 FY2025 Foreign Change excluding Region Change 2Q 2Q 2Q exchange (excluding FX) foreign exchange Ja
Slide 22: 3-5-2) Performance comparison – FY2025 2Q Results (by Business unit)
3-5-2) Performance comparison – FY2025 2Q Results (by Business unit) 22/32 * Including the impact of the transfer of the NRB business in Europe ・・・ Revenue：-37 Business Profit：＋5 Unit:100M of yen FY2025 Change excluding FY2024 FY2025 Foreign Business unit Change 2Q 2Q 2Q exchange (excluding FX) fore
Slide 23: 3-6-1) Quarterly result trend – by Region
3-6-1) Quarterly result trend – by Region 23/32 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 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 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 25: 3-7-1) Automotive Revenue by Customer
3-7-1) Automotive (Steering/Drivelines) Revenue by Customer 25/32 Global 16.2% Other Japanese and Global Unit : 100M of yen revenue by Customer FY2024 2Q FY2025 2Q Nissan 473 +42 FY2024 2Q 515 (+8.9%) 6,476 (100M of yen) Mazda 278 +46 Other Japanese Toyota Group 324 (+16.6%) 22.7% 61.1% Suzuki 304 +
Slide 26: 3-7-2) Industrial & Bearings Revenue by Industry
3-7-2) Industrial & Bearings Revenue by Industry 26/32 After-market 15.0% Unit : 100M of yen Industrial & Bearings revenue 15.7% by 6 priority industries FY2024 2Q FY2025 2Q FY2024 2Q 3,580 71 ＋2 1,759 60.2% Steel 73 (+3.1%) 億円 (100M of yen) Industry 25.2% Automobiles 24.7% 60.3% 66 +2 Agricultural
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 +51 +17 88 80 -14 -8 Steering -9 Systems -21 -8 FY2024 Foreign Sales Inflation U.S. Sales Cost Expense FY2025 2Q exchange volume Impact Tariff price Improvement etc. 2Q +32 +33 75 -2 -17 42 -8 -5 Drivelines -0 F
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 +24 +5 76 50 +9 Industrial -3 -2 -3 & -4 Bearings FY2024 Foreign Sales Inflation U.S. Sales Cost Expense FY2025 2Q exchange volume Impact Tariff price Improvement etc. 2Q ＋22 ＋0 ＋0 ＋5 93 99 -7 -9 -5 Mach
Slide 29: 3-9-1) Performance comparison – FY2025 Forecasts (by Region)
3-9-1) Performance comparison – FY2025 Forecasts (by Region) 29/32 Unit:100M of yen Foreign FY2025 Change excluding Region FY2024 FY2025 Change exchange (excluding FX) foreign exchange Japan 7,390 7,410 ＋19 +0.3% - 7,410 ＋19 +0.3% North America 4,853 5,010 ＋156 +3.2% -247 5,257 ＋403 +8.3% Europe 2,1
Slide 30: 3-9-2) Performance comparison – FY2025 Forecasts (by Business unit)
3-9-2) Performance comparison – FY2025 Forecasts (by Business unit) 30/32 Unit:100M of yen Foreign FY2025 Change excluding Business unit FY2024 FY2025 Change exchange (excluding FX) foreign exchange Steering 8,957 8,625 -332 -3.7% -163 8,788 -169 -1.9% Drivelines 4,373 4,445 ＋71 +1.6% -60 4,505 ＋131
Slide 31: 3-10) Profit trends
3-10) Profit trends 31/32 Equity ratio (%) 43.6 45.0 46.3 48.4 47.6 48.2 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 32: Thank You
32/32 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