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| website = {{URL|www.tokin.com}}
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'''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 {{nihongo|'''NEC TOKIN'''|NECトーキン株式会社|NEC Tōkin Kabushiki-gaisha}} and was part of the [[NEC]] Group.<ref name="tokin about">{{cite web|url=http://www.nec-tokin.com/info/gaiyo.html|title=会社概要|trans_title=Company Information|accessdate=March 31, 2017|archivedate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMySNKMA|language=Japanese}}</ref> It is headquartered in [[Shiroishi, Miyagi|Shiroishi]], [[Miyagi Prefecture]], [[Japan]].<ref name="tokin about"/>
'''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 {{nihongo|'''NEC TOKIN'''|NECトーキン株式会社|NEC Tōkin Kabushiki-gaisha}} and was part of the [[NEC]] Group.<ref name="tokin about">{{cite web|url=http://www.nec-tokin.com/info/gaiyo.html|title=会社概要|trans-title=Company Information|accessdate=March 31, 2017|archivedate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMySNKMA|language=Japanese}}</ref> It is headquartered in [[Shiroishi, Miyagi|Shiroishi]], [[Miyagi Prefecture]], [[Japan]].<ref name="tokin about"/>


TOKIN was charged with "[[price fixing|fix[ing] the price]]s of [[electrolytic capacitor]]s" in a criminal lawsuit filed in the [[United States District Court for the Northern District of California]] by the [[United States Department of Justice]]. It pleaded guilty to the charge in September 2015, and was required to pay a fine of $13.2 million USD.<ref name="reuters 20150902">{{cite web|url=https://www.reuters.com/article/nec-tokin-antitrust-usa-idUSL1N1182JW20150902|title=NEC Tokin settles price-fixing charges in U.S.|first=Diane|last=Bartz|date=September 2, 2015|publisher=[[Reuters]]|accessdate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMx4umMG|archivedate=March 31, 2017}}</ref>
TOKIN was charged with "[[price fixing|fix[ing] the price]]s of [[electrolytic capacitor]]s" in a criminal lawsuit filed in the [[United States District Court for the Northern District of California]] by the [[United States Department of Justice]]. It pleaded guilty to the charge in September 2015, and was required to pay a fine of $13.2 million USD.<ref name="reuters 20150902">{{cite web|url=https://www.reuters.com/article/nec-tokin-antitrust-usa-idUSL1N1182JW20150902|title=NEC Tokin settles price-fixing charges in U.S.|first=Diane|last=Bartz|date=September 2, 2015|publisher=[[Reuters]]|accessdate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMx4umMG|archivedate=March 31, 2017}}</ref>


In February 2013, [[KEMET Corporation]] invested in the company to provide capital for TOKIN to expand its business.<ref name="kahoku shimpo 20170225">{{cite web|url=http://www.kahoku.co.jp/tohokunews/201702/20170225_12015.html|title=＜ＮＥＣトーキン＞米企業の完全子会社に|trans_title=NEC Tokin to become wholly-owned subsidiary of American company|date=February 25, 2017|publisher=[[Kahoku Shimpō]]|accessdate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMwXWkk2|archivedate=March 31, 2017}}</ref> After this investment, KEMET owned 34% of the company, and NEC owned a 66% [[controlling share]]. 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".<ref name="electronics 360 20170224">{{cite web|url=http://electronics360.globalspec.com/article/8166/kemet-acquires-nec-tokin-to-bolster-component-business|title=KEMET Acquires NEC TOKIN to Bolster Component Business|date=February 24, 2017|first=Spencer|last=Chin|publisher=Electronics 360|accessdate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMwM0Lnn|archivedate=March 31, 2017}}</ref>
In February 2013, [[KEMET Corporation]] invested in the company to provide capital for TOKIN to expand its business.<ref name="kahoku shimpo 20170225">{{cite web|url=http://www.kahoku.co.jp/tohokunews/201702/20170225_12015.html|title=＜ＮＥＣトーキン＞米企業の完全子会社に|trans-title=NEC Tokin to become wholly-owned subsidiary of American company|date=February 25, 2017|publisher=[[Kahoku Shimpō]]|accessdate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMwXWkk2|archivedate=March 31, 2017}}</ref> After this investment, KEMET owned 34% of the company, and NEC owned a 66% [[controlling share]]. 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".<ref name="electronics 360 20170224">{{cite web|url=http://electronics360.globalspec.com/article/8166/kemet-acquires-nec-tokin-to-bolster-component-business|title=KEMET Acquires NEC TOKIN to Bolster Component Business|date=February 24, 2017|first=Spencer|last=Chin|publisher=Electronics 360|accessdate=March 31, 2017|archiveurl=http://www.webcitation.org/6pMwM0Lnn|archivedate=March 31, 2017}}</ref>


==References==
==References==

Revision as of 12:48, 14 November 2017

Tokin Corporation
Native name
トーキン
Company typeKK
TYO: 6759
IndustryElectrical components
Predecessors
  • Japan Specialty Metals KK (日本特殊金属株式会社)
  • Tohoku Metal Industries KK (東北金属工業株式会社)
  • KK Tōkin (株式会社トーキン)
FoundedApril 8, 1938; 86 years ago (1938-04-08)
Headquarters
Shiroishi, Miyagi
,
Japan
Area served
Worldwide
Key people
ProductsElectrical and electronic parts
¥55.3 billion (2015)
Total equity¥34.28 billion (2015)
Owners
Number of employees
6,445 (2015)
Websitewww.tokin.com

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]

TOKIN was charged with "fix[ing] the prices of electrolytic capacitors" in a criminal lawsuit filed in the United States District Court for the Northern District of California by the United States Department of Justice. It pleaded guilty to the charge in September 2015, and was required to pay a fine of $13.2 million USD.[2]

In February 2013, KEMET Corporation invested in the company to provide capital for TOKIN to expand its business.[3] After this investment, KEMET owned 34% of the company, and NEC owned a 66% controlling share. 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]

References

  1. ^ a b "会社概要" [Company Information] (in Japanese). Archived from the original on March 31, 2017. Retrieved March 31, 2017.
  2. ^ Bartz, Diane (September 2, 2015). "NEC Tokin settles price-fixing charges in U.S." Reuters. Archived from the original on March 31, 2017. Retrieved March 31, 2017.
  3. ^ "＜ＮＥＣトーキン＞米企業の完全子会社に" [NEC Tokin to become wholly-owned subsidiary of American company]. Kahoku Shimpō. February 25, 2017. Archived from the original on March 31, 2017. Retrieved March 31, 2017.
  4. ^ Chin, Spencer (February 24, 2017). "KEMET Acquires NEC TOKIN to Bolster Component Business". Electronics 360. Archived from the original on March 31, 2017. Retrieved March 31, 2017.


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