JTEKT was established on January 1, 2006 through the merger of Koyo Seiko Co., Ltd. and Toyoda Machine Works, Ltd. The company now has a global presence with offices in Europe, Asia, the US, and Latin America, with its headquarters located in Osaka, Japan. JTEKT focuses on four main areas of activity: bearings, steering, driveline, and machine tools, with the goal of meeting customer expectations and gaining society's trust. The company's growth and innovation are built on the highest business standards, a strong technological foundation, and engineering capabilities. JTEKT aspires to become one of the world's top 10 automotive parts suppliers, and it will strive for excellence in product quality and reliability across its four product divisions. JTEKT is currently the leading steering systems maker in Japan and the second-largest worldwide. The company has earned the trust and respect of automakers and industrial manufacturers globally through its consistent delivery of high-quality products and performance. JTEKT was the first to develop electric and hydroelectric power steering systems.