2015-6
JTEKT Corporation has formulated a mid-term business plan through the end of the fiscal year to end in March 2020 (FY 2019). JTEKT aims to increase its operating profit on sales from 5.5% in FY 2014 to 8.0%, and the return on assets from 3.9% in FY 2014 to 5.0%, both by the end of FY 2019. The company will improve its balance sheet to build a robust management foundation and sustain its growth. The company will not slow down its investment for growth, and the planned amount of capital investment is JPY 75 billion in FY 2019 (It was JPY 68.4 billion in FY 2014). (From an article in the Nikkan Jidosha Shimbun on June 18, 2015)