Notice: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2022
(Under IFRS)DATE: July 29, 2022
Company name:
JTEKT Corporation
Stock exchange listing: Tokyo, Nagoya
Stock code:
6473
URL: https://www.jtekt.co.jp/e/Representative:
Kazuhiro Sato, President, Member of the Board
Contact:
Takanori Iwai, General Manager of Finance & Accounting Dept.
Telephone:+81-566-25-7326
Scheduled date to commence dividend payments:―
Scheduled date to file quarterly securities report (Japanese only):
August 10, 2022
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (for analysts and institutional investors)(Amounts less than one million yen are omitted.)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

RevenueThree months ended

Profit before income
taxes

Business profit

Profit for the period

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2022

371,686

8.0

2,632(70.5)

9,115(14.8)

3,636(43.0)

June 30, 2021

344,159

76.2

8,931

－

10,696－

6,379－

Profit attributable toowners of the parentcompany
Three months ended

Comprehensive income
for the period

Basic earnings
per share

Diluted earnings
per share

Millions of yen%

Millions of yen%

YenYenJune 30, 2022

3,132(45.3)

28,393

33.0

9.13

9.13June 30, 2021

5,726

－

21,355－

16.70

16.69

(2) Consolidated financial position
Total assets
As ofTotal equity

Equity attributable toowners of the parentcompany

Ratio of equity
attributable to owners ofthe parent company tototal assets

Millions of yen

Millions of yen

Millions of yen%

June 30, 2022

1,424,154

684,292

646,989

45.4

March 31, 2022

1,386,463

660,415624,01245.0

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarterend

Yen
Fiscal year ended

Yen

Fiscal year ended

Yen

TotalYenYen8.00

－

10.00

18.00

11.00

－

11.00

22.00

－March 31, 2022

Fiscalyear-end

Third quarter-end－

March 31, 2023
Fiscal year ending

March 31, 2023 (Forecast)(Note) Changes in the forecasted cash dividends in this quarter: No
3. Forecast of consolidated financial results for the year ending March 31, 2023
(from April 1, 2022 to March 31, 2023)(Percentages indicate year-on-year changes.)
Revenue

Full year

Business profit

Profit before income
taxes

Profit attributable toowners of the parentcompany

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

1,600,000

12.0

60,00041.7

48,50010.4

25,00020.9(Note) Changes in the forecast of consolidated financial results in this quarter: NoBasic earnings
per share
Yen72.89

*Notes(1) Changes in significant subsidiaries during the period(changes in specified subsidiaries resulting in the change in scope of consolidation): Yes
Excluded:
4 companies
JTEKT AUTOMOTIVE TENNESSEE-MORRISTOWN, INC.
JTEKT AUTOMOTIVE TENNESSEE-VONORE, LLC
JTEKT AUTOMOTIVE LYON S.A.S.
JTEKT AUTOMOTIVE DIJON SAINT-ETIENNE S.A.S.
(2) Changes in accounting policies and changes in accounting estimates(i) Changes in accounting policies required by IFRS: No(ii) Changes in accounting policies due to other reasons: No(iii) Changes in accounting estimates: No(3) Number of issued shares (ordinary shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

343,286,307 shares

As of March 31, 2022

343,286,307 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2022

310,407 shares

As of March 31, 2022

321,786 shares(iii) Average number of shares outstanding during the period
Three months ended June 30, 2022

342,964,571 shares

Three months ended June 30, 2021

342,966,471 shares* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The forecasts included in this documents are based on the information that the Company has obtained at the time ofdisclosure.
Actual results may differ significantly from the forecast due to a various factors in the future.

Consolidated financial statements(1) Consolidated Statement of Financial Position(Millions of yen)
As of March 31, 2022

As of June 30, 2022

AssetsCurrent assets
Cash and cash equivalents

124,254

133,448

Trade and other receivables

319,084

306,105

Inventories

229,074

254,960

Other financial assets

5,099

6,813

Income tax receivable

943

1,679

Other current assets

4,522

4,407

682,979

707,415

Assets held for sale

2,518

－Total current assets

685,497

707,415

Property, plant and equipment

460,012469,669

Goodwill and Intangible assets

34,59034,508Other financial assets

139,771

143,792

Investments accounted for using equity method

13,091

13,846

Deferred tax assets

17,414

18,137

Other non-current assets

36,08536,785

Total non-current assets

700,965

716,739

1,386,463

1,424,154

Sub total

Non-current assets

Total assets

(Millions of yen)
As of March 31, 2022

As of June 30, 2022

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

317,672

322,198

Bonds and borrowings

85,74994,584

Other financial liabilities

3,1285,599

Income taxes payable

13,375

6,850

Provisions

6,547

6,718

Other current liabilities

6,258

4,866

432,732

440,8172,047－

434,779

440,817

Bonds and borrowings

176,012181,216

Other financial liabilities

7,657

8,050

Retirement benefit liabilities

75,11076,412

228

113

Deferred tax liabilities

24,432

25,314

Other non-current liabilities

7,827

7,936

Total non-current liabilities

291,268

299,044726,048

739,861

Capital stock

45,59145,591

Capital surplus

107,638

107,639

Treasury stock

(430)

(414)

Other components of equity

27,25347,725Retained earnings

443,960

446,447

Equity attributable to owners of the parent company

624,012646,989

Non-controlling interests

36,40237,302

Total equity

660,415684,292

1,386,463

1,424,154

Sub total
Liabilities directly associated with assets held forsale
Total current liabilities
Non-current liabilities

Provisions

Total liabilities
EquityTotal liabilities and equity

(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated Statement of Profit or Loss
(Millions of yen)Three months ended
June 30, 2021

Three months ended
June 30, 2022

Revenue

344,159

371,686

Cost of revenue(292,582)(322,492)

Gross profit

51,57749,193

Selling, general and administrative expenses(42,645)(46,561)

Business profit

8,931

2,632

Other income

2,321

1,297

Other costs(2,545)(1,055)

Operating profit

8,706

2,875

Finance income

3,060

7,276

Finance costs(1,199)(1,169)128

132

Profit before income taxes

10,696

9,115

Income tax expense(4,316)(5,478)

Profit for the period

6,379

3,636

5,726

3,132652

504

Basic (Yen)

16.70

9.13

Diluted (Yen)

16.69

9.13

Share of the profit of associates and joint ventures
accounted for using the equity method

Attributable toOwners of the parent company
Non-controlling interests
Earnings per shareConsolidated Statement of Comprehensive Income(Millions of yen)Three months ended
June 30, 2021
Profit for the period

Three months ended
June 30, 2022

6,379

3,636

12,804

2,338

124(81)8

11

12,937

2,268

1,623

21,902

415

585

2,038

22,488

Total other comprehensive income

14,97524,756Comprehensive income for the period

21,35528,393

20,52825,898827

2,494

Other comprehensive income
Items that will not be reclassified subsequently to profit
or loss
Net fair value gain (loss) on equity instruments
designated as FVTOCI
Remeasurements of defined benefit pension plans
Share of other comprehensive income of investments
accounted for using equity method
Total
Items that may be reclassified subsequently to profit orloss
Exchange differences on translation of foreign
operations
Share of other comprehensive income of investments
accounted for using equity method
Total

Attributable toOwners of the parent company
Non-controlling interests

(3) Consolidated Statement of Changes in Equity(Millions of yen)
Equity attributable to owners of the parent company
Other components of equity
Capital stock

As of April 1, 2021

Capital surplus

Treasury stock

Net fair value gain
Exchange(loss) on equity Remeasurements
differences on
instrumentsof defined benefit
translation ofdesignated as
pension plansforeign operations
FVTOCI

45,591

107,397(428)－－(5,934)－－－－－－

45,591

107,397(428)－－(5,934)

Profit for the period－－－－－－

Other comprehensive income－－－

12,803

128

1,869

－

－

－

12,803128

1,869

Acquisition of treasury stock

－

－

(0)

－－

－

Dividends

－－

－

－

－

－

Transfer to retained Earnings－－－(12,803)(128)－

Change of scope of consolidation

－

(28)

－

－

－

－

Changes in the ownership interest in
subsidiaries without a loss of control

－

315

－

－

－

－

Total transactions with the owners

－

286

(0)

(12,803)(128)－

As of June 30, 2021

45,591

107,684(428)－－(4,064)As of April 1, 2022

45,591

107,638

(430)

－

－

27,253－－－－－－

45,591

107,638

(430)

－

－

27,253

－

－

－－

－－－

－

－

2,340

(46)

20,472

－

－

－

2,340

(46)

20,472Acquisition of treasury stock

－－

(0)

－

－

－

Dividends

－－

－

－

－

－

Share-based payment transactions

－

(4)

16－

－

－

Transfer to retained Earnings

－

－

－

(2,340)46－

Change of scope of consolidation

－

－

－

－

－

－

Changes in the ownership interest insubsidiaries without a loss of control

－

5－

－

－

－

Total transactions with the owners－

015(2,340)

46－

45,591

107,639(414)－－47,725

Increase (Decrease) based on
inflation accounting of Argentina
consolidated subsidiary
As of April 1, 2021 (adjusted)

Comprehensiveperiod

incomefor

theIncrease (Decrease) based on
inflation accounting of Argentina
consolidated subsidiary
As of April 1, 2022 (adjusted)
Profit of the period
Other comprehensive income
Comprehensiveperiod

As of June 30, 2022

incomeforthe(Millions of yen)
Equity attributable to owners of the parent company
Other componentsof equity

Retained Earnings

Non-controllinginterests

Total

Total equity

Total
As of April 1, 2021

(5,934)404,281

550,908

34,179585,088

－

(108)

(108)

－

(108)

(5,934)404,172

550,799

34,179584,979

－

5,726

5,726

652

6,379

14,801－14,801

174

14,97514,801

5,726

20,528827

21,355Acquisition of treasury stock

－

－

(0)

－

(0)

Dividends－(2,744)(2,744)(653)(3,397)(12,932)

12,932－－－

Change of scope of consolidation

－

281

252

(1)

251

Changes in the ownership interest in
subsidiaries without a loss of control

－

－

315

(515)

(200)

(12,932)

10,469(2,176)(1,170)(3,346)

As of June 30, 2021

(4,064)420,369

569,151

33,836602,988

As of April 1, 2022

27,253443,960

624,01236,402

660,415

－

491

491

－

491

27,253444,452

624,504

36,402660,906

－

3,132

3,132

504

3,636

22,766－

22,766

1,990

24,756

22,766

3,132

25,8982,494

28,393Acquisition of treasury stock

－

－

(0)

－

(0)

Dividends－(3,430)(3,430)(1,462)(4,892)

Share-based payment transactions

－－

11－

11(2,293)

2,293

－

－－

Change of scope of consolidation

－

－－

(126)

(126)

Changes in the ownership interest in
subsidiaries without a loss of control

－－

5(5)

－(2,293)(1,136)(3,413)(1,594)(5,008)47,725446,447

646,989

37,302684,292

Increase (Decrease) based on
inflation accounting of Argentina
consolidated subsidiary
As of April 1, 2021 (adjusted)
Profit for the period
Other comprehensive income
Comprehensiveperiod

incomefortheTransfer to retained Earnings

Total transactions with the owners

Increase (Decrease) based on
inflation accounting of Argentina
consolidated subsidiary
As of April 1, 2022 (adjusted)
Profit of the period
Other comprehensive incomeComprehensive
periodincomefortheTransfer to retained Earnings

Total transactions with the owners
As of June 30, 2022

Segment information
For the three months ended June 30, 2021
(Millions of yen)
Reportable segment
Automotive

Industrial andMachine tools
Bearings

Total

Adjustments

Consolidated

Revenue
Customers

237,374

77,39529,389344,159－

344,159

407

4,395

5,292

10,096(10,096)－

Total

237,782

81,79034,682354,255(10,096)

344,159

Segment profit: Business profit

4,262

3,964

488

8,7152158,931

Intersegment

Other income

2,321

Other costs(2,545)

Operating profit

8,706

Finance income

3,060

Finance costs(1,199)

Share of the profit of associates
and joint ventures accounted forusing the equity method
Profit before income taxes(Notes) “Adjustments” of segment profit is the elimination of inter-segment transactions.

128
10,696

For the three months ended June 30, 2022
(Millions of yen)
Reportable segment
Automotive

Industrial andMachine tools
Bearings

Total

Adjustments

Consolidated

Revenue
Customers

258,994

76,39836,293

371,686－371,686

7384,606

5,345

10,690(10,690)－Total259,733

81,004

41,639382,376(10,690)371,686

Segment profit: Business profit(loss)(2,612)

3,064

1,936

2,388

243

2,632

Intersegment

Other income

1,297

Other costs(1,055)

Operating profit

2,875

Finance income

7,276

Finance costs(1,169)

Share of the profit of associates
and joint ventures accounted forusing the equity method
Profit before income taxes(Notes) “Adjustments” of segment profit is the elimination of inter-segment transactions.

132
9,115