TOKIN Corporation is a Japanese electrical and electronic industrial and automotive parts manufacturing company. Since April 2017 it has been a wholly owned

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a ...

KEMET Corporation KEMET Corporation, a subsidiary of Yageo Corporation (TAIEX: 2327),is an American company which manufactures a broad selection of capacitor technologies such as tantalum, aluminum, multilayer ceramic, film, paper, polymer electrolytic, and su ...

. Previously it was named and was part of the

NEC is a Japanese multinational information technology and electronics corporation, headquartered in Minato, Tokyo. The company was known as the Nippon Electric Company, Limited, before rebranding in 1983 as NEC. It provides IT and network soluti ...

Group. It is headquartered in Shiroishi,

Miyagi Prefecture is a prefecture of Japan located in the Tōhoku region of Honshu. Miyagi Prefecture has a population of 2,305,596 (1 June 2019) and has a geographic area of . Miyagi Prefecture borders Iwate Prefecture to the north, Akita Prefecture to the no ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...

. In February 2013,

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 September 2015, TOKIN pleaded guilty to fixing the prices of

electrolytic capacitor An electrolytic capacitor is a polarized capacitor whose anode or positive plate is made of a metal that forms an insulating oxide layer through anodization. This oxide layer acts as the dielectric of the capacitor. A solid, liquid, or gel e ...

s 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 The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United Stat ...

, and was required to pay a fine of $13.8 million USD. 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".

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* Companies based in Miyagi Prefecture Electrical engineering companies of Japan Electronics companies of Japan NEC subsidiaries Shiroishi, Miyagi Japanese companies established in 1938 Japanese brands {{japan-corp-stub