Tokin Corporation

{{Short description|Japanese manufacturing company}}

{{Infobox company

| name = TOKIN Corporation

| native_name = トーキン

| native_name_lang = ja

| logo =

| type = KK

| industry = Electrical components

| fate =

| predecessors = {{unbulleted list|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)}}

| founded = {{Start date and age|1938|04|08}}

| hq_location_city = Shiroishi, Miyagi

| hq_location_country = Japan

| area_served = Worldwide

| products = Electrical and electronic parts

| parent = Yageo Corporation

| website = {{URL|www.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 {{nihongo|NEC TOKIN|NECトーキン株式会社|NEC Tōkin Kabushiki-gaisha}} and was part of the NEC Group.{{cite web|url=http://www.nec-tokin.com/info/gaiyo.html|title=会社概要|trans-title=Company Information|access-date=March 31, 2017|archive-date=December 9, 2016|url-status=dead|archive-url=https://web.archive.org/web/20161209181229/http://www.nec-tokin.com/info/gaiyo.html|language=Japanese}} It is headquartered in Shiroishi, Miyagi Prefecture, Japan.

In February 2013, KEMET Corporation invested in the company to provide capital for Tokin to expand its business.{{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|access-date=March 31, 2017|archive-url=https://web.archive.org/web/20170419043143/http://www.kahoku.co.jp/tohokunews/201702/20170225_12015.html|url-status=dead|archive-date=April 19, 2017}} 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.{{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|access-date=March 31, 2017|archive-url=https://web.archive.org/web/20170331210815/http://www.reuters.com/article/nec-tokin-antitrust-usa-idUSL1N1182JW20150902|url-status=live|archive-date=March 31, 2017}}

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".{{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|access-date=March 31, 2017|archive-url=https://web.archive.org/web/20170331210511/http://electronics360.globalspec.com/article/8166/kemet-acquires-nec-tokin-to-bolster-component-business|url-status=dead|archive-date=March 31, 2017}}