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    6473   JP3292200007

JTEKT CORPORATION

(6473)
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JTEKT Corporation : ¦ 2011/10/17 Establishment of the Manufacturing Plant in India

10/18/2011 | 03:45am EST

October 17, 2011

Establishment of the Manufacturing Plant in India

Nagoya, Japan, October 17, 2011 – JTEKT CORPORATION (JTEKT; Headquarters; Nagoya, Japan; President: Shoji Ikawa) is pleased to announce the establishment of the first bearing manufacturing facility in India named “the Bawal plant” at Koyo Bearings India Pvt. Ltd. (hereafter KBIN). The new plant will start its production in November 2012.

The Bawal plant of KBIN will manufacture automobiles’ and motorcycles’ bearings and it aims to supply its bearings to Japanese and Local companies of automobiles, motorcycles, construction machines, agricultural machines and so on. The total investment amount will be approximately 7 billion yen and plant completion will be scheduled in May 2012.

JTEKT is now concentrating on priority regions like China, India, South America and ASEAN where its economies are drastically growing. As for India, we have already started production of steering as joint venture with a local company. Therefore, we are able to use its know-how to the new plant. KBIN is a wholly owned company of JTEKT Group, and this enables us to make decisions swiftly and to respond adequately to the customers’ needs. For future, by strengthening local procurement and integrating bearings’ and machine tools’ sales facilities, we will offer appropriate products and service to our customers. We expect total sales amount of India business to be increased to 45 billion yen by the end of 2015.

[General Information of KBIN and the Bawal new plant]

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© Publicnow 2011
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Financials
Sales 2022 1 394 B 12 263 M 12 263 M
Net income 2022 23 775 M 209 M 209 M
Net Debt 2022 263 B 2 310 M 2 310 M
P/E ratio 2022 13,9x
Yield 2022 1,77%
Capitalization 330 B 2 897 M 2 899 M
EV / Sales 2022 0,42x
EV / Sales 2023 0,38x
Nbr of Employees 48 332
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JTEKT Corporation Technical Analysis Chart | 6473 | JP3292200007 | MarketScreener
Technical analysis trends JTEKT CORPORATION
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TrendsBearishNeutralBearish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 961,00 JPY
Average target price 1 232,50 JPY
Spread / Average Target 28,3%
EPS Revisions
Managers and Directors
Kazuhiro Sato President & Representative Director
Kazuhisa Makino Director, Executive Officer & GM-Administration
Takao Miyatani Independent Outside Director
Iwao Okamoto Independent Outside Director
Takeshi Uchiyamada Outside Director
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