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JATCO announces management changes

Masao Takoshima and Yasushi Kuramoto were appointed as new non-resident auditors, effective June 21, 2013. As a result, former auditors Yoshimitsu Mitake and Ken Suematsu have retired. There is no change in the board members. A list of the current board members and auditors is attached.

For the new management structure following these changes as of June 21, please refer to this link


JATCO Ltd (President & CEO Takashi Hata; headquarters in Fuji City, Shizuoka, Japan; capital: \29.94 billion) is one of the world’s leading manufacturers of AT (automatic transmission), and the number one CVT (continuously variable transmission) manufacturer in the world with nearly half of the global market share. Comprising more than 10,000 employees worldwide and with manufacturing plants in Japan, Mexico and China, and one to soon open in Thailand, the company provides innovative products to markets around the world. Consolidated sales in 2011 reached \600 billion and the company has set a sales target of \1 trillion yen (approximately $10 billion) to be achieved by fiscal 2018. JATCO is 75 percent owned by Nissan Motor Co., Ltd., 15 percent by Mitsubishi Motors and 10 percent by Suzuki Motor Corporation. The company supplies step AT and CVT to its shareholders and other car companies.