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M&A and Subsidiary Changes6473JTEKT CorporationAutomobiles and transportation equipment

Notice of Completion of the Transfer of the European Automotive Business

The transfer of shares and other interests in 7 consolidated subsidiaries engaged in the manufacture and sale of automotive components primarily for European customers was completed earlier than initially scheduled. Although the completed transfer is expected to have an upside effect on profits in Europe, the full-year earnings forecast remains unchanged.

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This transaction

Transfer of the European Automotive Business
TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Manufacture and sale of automotive components primarily for European customers

Impact on Business Performance

Although an upside effect on profits in Europe is expected, the full-year consolidated earnings forecast has not been changed because uncertain factors, including market conditions, remain.

This transaction
ItemDetails
Transaction nameTransfer of the European Automotive Business
Business Description of the Subject CompanyManufacture and sale of automotive components primarily for European customers
Impact on Business PerformanceAlthough an upside effect on profits in Europe is expected, the full-year consolidated earnings forecast has not been changed because uncertain factors, including market conditions, remain.
Contract Date27 May 2026
Execution Date / Effective Date31 July 2026 (local time; completion of the transfer today)
Items this document does not state (27)
Counterparty nameName of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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The reasons the company gives

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The transfer was completed earlier than initially scheduled, before the end of August 2026. The full-year consolidated earnings forecast has not been changed because uncertain factors, including market conditions, remain.

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Notice of Completion of the Transfer of the European Automotive Business | JTEKT Corporation (6473) timely disclosure | Komori