TOKYO – JTEKT Corp., completing its inaugural year as a global supplier, zoomed past earnings and sales targets in announcing its fiscal 2006 financial results in early May. The company, created in January 2006 through a merger of Koyo Seiko Co. Ltd. and Toyoda Machine Works Ltd., Toyota Motor Corp.’s main steering and driveline suppliers, reported operating income of ¥64.6 billion ($530.9 million) on sales of ¥1.03 trillion ($8.4 billion) in the period ended March 31. Sales and earnings ...
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