JTEKT completed the sale of seven consolidated subsidiaries that make and sell auto parts mainly for European customers on 31 July 2026, its interim report for the six months to September shows. The buyer is LEOIII.-VV25-B SAS, advised exclusively by Munich investment firm DUBAG Investment Advisory GmbH, under an agreement signed on 26 May.
What was sold
The group is JTEKT EUROPE S.A.S., which makes steering systems and parts at sites in France, plus its units in the Czech Republic and Morocco and the JTEKT TORSEN drivetrain businesses in Belgium and the US. JTEKT EUROPE reported a net loss of €114.0mn on sales of €950.0mn for 2025.
This is not a full European exit. Before the sale, JTEKT moved some technical-centre functions into a new wholly owned subsidiary, and the Czech entity's non-transferred business went back to the parent. Separately, JTEKT sold a European needle roller bearing business during the previous fiscal year.
The accounting cost
JTEKT classified the units as held for sale at the March 2026 year-end. Fair value less selling costs fell below book value, and the company recognized an ¥18.895bn loss in other expenses. The fair value is based on the sale price, which the report does not state.
The loss is a write-down measure, not proceeds. The report gives no cash consideration.
The interim numbers
Revenue rose 4.4% to ¥970.8bn. Business profit rose 52.8% to ¥50.7bn, and profit attributable to owners of the parent rose 78.8% to ¥21.8bn. Automotive business profit nearly doubled, up 96.8% to ¥32.3bn, which JTEKT attributes to the weaker yen, cost improvement and restructuring.
JTEKT says the sale is part of rebuilding its global footprint under the 2024-2026 medium-term plan, which aims to return Europe to profit.