Native name | トーキン |
---|---|
Type | KK |
TYO: 6759 | |
Industry | Electrical components |
Predecessors |
|
Founded | April 8, 1938 |
Headquarters | , |
Area served | Worldwide |
Key people |
|
Products | Electrical and electronic parts |
¥55.3 billion (2015) | |
Total equity | ¥34.28 billion (2015) |
Owners | KEMET |
Number of employees | 6,445 (2015) |
Website | www |
TOKIN Corporation is a Japanese electrical and electronic industrial and automotive parts manufacturing company. Since April 2017 it has been a wholly owned subsidiary of KEMET Corporation. Previously it was named NEC TOKIN (NECトーキン株式会社, NEC Tōkin Kabushiki-gaisha) and was part of the NEC Group. [1] It is headquartered in Shiroishi, Miyagi Prefecture, Japan. [1]
In February 2013, KEMET Corporation invested in the company to provide capital for Tokin to expand its business. [2] After this investment, KEMET owned 34% of the company, and NEC owned a 66% controlling share.
In September 2015, TOKIN pleaded guilty to fixing the prices of electrolytic capacitors between 2002 and 2013 in a criminal lawsuit filed in the United States District Court for the Northern District of California by the United States Department of Justice, and was required to pay a fine of $13.8 million USD. [3]
In April 2017, KEMET purchased a 61% controlling interest, making Tokin its wholly owned subsidiary. Once the purchase was complete, the company changed its name to "TOKIN Corporation". [4]
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