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. It is headquartered in Shiroishi, Miyagi Prefecture, Japan.
|Traded as||TYO: 6759|
|Founded||April 8, 1938|
|Products||Electrical and electronic parts|
|¥55.3 billion (2015)|
|Total equity||¥34.28 billion (2015)|
Number of employees
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.
In February 2013, KEMET Corporation invested in the company to provide capital for TOKIN to expand its business. 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".
- "会社概要" [Company Information] (in Japanese). Archived from the original on March 31, 2017. Retrieved March 31, 2017.
- 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.
- "＜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.
- 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.