On August 19, 2014 (Chinese Time), JTEKT CORPORATION (“JTEKT”) has been imposed  on a fine of 109.36 million Chinese Yuan (approximately 1,800 million Japanese Yen) by the  National Development and Reform Commission (“NDRC”) of People’s Republic of China for  violation of Chinese antitrust law in relation to some past sales of bearings in Chinese market.

As JTEKT treats this matter with utmost seriousness, it has taken appropriate measures to  prevent recurrence and has intensified efforts to ensure compliance with all applicable laws  and regulations. JTEKT sincerely regrets any related concerns.  JTEKT is currently analysing the impact of the fine on the Company’s financial forecast for
the fiscal year ending March of 2015 and will make a public disclosure as soon as it becomes  to be needed.

Disclaimer: Auto Components India is not responsible for the content of this news release.


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