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 (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

of KEMET Corporation. Previously it was named and was part of the

NEC is a Japanese multinational information technology and electronics corporation, headquartered at the NEC Supertower in Minato, Tokyo, Japan. It provides IT and network solutions, including cloud computing, artificial intelligence (AI), Inte ...

Group. It is headquartered in Shiroishi,

Miyagi Prefecture is a Prefectures of Japan, prefecture of Japan located in the Tōhoku region of Honshu. Miyagi Prefecture has a population of 2,265,724 (1 August 2023) and has a geographic area of . Miyagi Prefecture borders Iwate Prefecture to the north, Akit ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

. 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 September 2015, TOKIN pleaded guilty to fixing the prices of

electrolytic capacitor An electrolyte is a substance that conducts electricity through the movement of ions, but not through the movement of electrons. This includes most soluble Salt (chemistry), salts, acids, and Base (chemistry), bases, dissolved in a polar solven ...

s between 2002 and 2013 in a criminal lawsuit filed in the

United States District Court for the Northern District of California The United States District Court for the Northern District of California (in case citations, N.D. Cal.) is the federal United States district court whose jurisdiction comprises the following counties of California: Alameda, Contra Costa, De ...

by the

United States Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a United States federal executive departments, federal executive department of the U.S. government that oversees the domestic enforcement of Law of the Unite ...

, 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 Former NEC subsidiaries Shiroishi, Miyagi Japanese companies established in 1938 Japanese brands {{japan-corp-stub