JTEKT's global revenue increased in 2023, with a slight decline in the Chinese market

In 2023, JTEKT's global revenue reached 1891.5 billion yen, a year-on-year increase of 12.7%. However, in the Chinese market, JTEKT's revenue was 8.8 billion yuan, a year-on-year decrease of 3.3%. Despite the challenges, JTEKT maintained stable profits by cutting costs and optimizing operations.