# Toyota and JTEKT to consider transfer of Yutaka Seimitsu Kogyo shares to JTEKT

Toyota Motor Corporation and JTEKT Corporation agreed to start consideration toward the transfer of Toyota-owned shares of Yutaka Seimitsu Kogyo to JTEKT by January 2020. The aim is to strengthen competitiveness in driveline operations, including drive components, gear manufacturing, and gear processing machinery.

- Type: Acquisition
- Announced: 2019-07-10
- Where: Japan
- Status: announced
- Products: driveline components, differential gears, torque control devices, gear processing machinery
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md)
- [Toyota Motor](https://endata.com/companies/962.md) (partner)
- [JTEKT Corporation](https://endata.com/companies/8792.md) (acquirer)
- [Yutaka Seimitsu Kogyo](https://endata.com/companies/40533.md) (target)
- [Toyo Seimitsu Industry Co., Ltd.](https://endata.com/companies/40677.md) (target)

## Sources

- [global.toyota](https://global.toyota/en/newsroom/corporate/28818712.html), 2019-07-10: "The aim of transferring such shares is to further strengthen the competitiveness of Toyota and JTEKT's main driveline operations."
- [just-auto.com](https://www.just-auto.com/news/jtekt-to-acquire-100-stake-in-toyo-seimitsu/), 2019-07-16: "JTEKT Corporation, a manufacturer and seller of steering systems, driveline components, bearings, machine tools, electronic control devices, home accessory equipment, has agreed to acquire 100% stake in Toyo Seimitsu Industry Co., Ltd."
- [seisanzai-japan.com](https://seisanzai-japan.com/article/p1215/), 2019-09-20: "JTEKT started to consider acquiring all the shares of Yutaka Seimitsu Kogyo, an automobile drive parts manufacturer, from Toyota Motor on July 10, 2019."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.