Annuncio • Apr 28
EXEDY Corporation (TSE:7278) announces an Equity Buyback for 2,000,000 shares, representing 5.47% for ¥8,000 million. EXEDY Corporation (TSE:7278) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 5.47% of its issued share capital, for ¥8,000 million. The purpose of the program is to improve capital efficiency and return to shareholders. The program is valid till December 31, 2026. As of March 31, 2026, there are 36,539,390 outstanding shares (excluding treasury stock) and 12,054,346 treasury shares. Reported Earnings • Apr 28
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥374 (up from JP¥304 in FY 2025). Revenue: JP¥303.9b (down 1.8% from FY 2025). Net income: JP¥13.7b (up 7.3% from FY 2025). Profit margin: 4.5% (up from 4.1% in FY 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to stay flat during the next 2 years compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 27
EXEDY Corporation, Annual General Meeting, Jun 19, 2026 EXEDY Corporation, Annual General Meeting, Jun 19, 2026. Annuncio • Apr 21
EXEDY Corporation to Report Fiscal Year 2026 Results on Apr 27, 2026 EXEDY Corporation announced that they will report fiscal year 2026 results on Apr 27, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Annuncio • Feb 21
EXEDY Corporation (TSE:7278) agreed to acquire Protean Electric Limited from BD Auto And Energy Ltd. for ¥5.1 billion. EXEDY Corporation (TSE:7278) agreed to acquire Protean Electric Limited from BD Auto And Energy Ltd. for ¥5.1 billion on February 20, 2026. Following the acquisition, Protean Electric Limited would become a wholly owned subsidiary of EXEDY Corporation.
For the period ending December 31, 2025, Protean Electric Limited reported total revenue of ¥7.09 million and operating loss of ¥4.61 million. As of December 31, 2025, Protean Electric Limited reported total assets of ¥5.33 million and net liabilities of ¥89.5 million.
The date of conclusion of the agreement and date of commencement of share transfer are planned on February 26, 2026. Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: JP¥132 (vs JP¥94.79 in 3Q 2025) Third quarter 2026 results: EPS: JP¥132 (up from JP¥94.79 in 3Q 2025). Revenue: JP¥78.3b (down 1.6% from 3Q 2025). Net income: JP¥4.81b (up 24% from 3Q 2025). Profit margin: 6.1% (up from 4.9% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 28
EXEDY Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 EXEDY Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company now expects net sales of JPY 300,000 million against previous guidance of JPY 295,000 million, operating profit of JPY 22,000 million against previous guidance of JPY 21,000 million, Profit Attributable to Owners of Parent of JPY 13,500 million against previous guidance of JPY 12,500 million, earnings per share of JPY 369.36 against previous guidance of JPY 341.99 Reason for the revision: The outlook for the global economy remains uncertain due to the spread of protectionist movements, but the Company have revised its Consolidated Financial Results Forecast, based on current demand, as described above because the exchange rate has shifted to a weaker yen than expected and 3rd Quarter results of the Company exceeded its previous forecast. Annuncio • Jan 06
EXEDY Corporation to Report Q3, 2026 Results on Jan 28, 2026 EXEDY Corporation announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jan 28, 2026 Declared Dividend • Nov 26
First half dividend of JP¥150 announced Shareholders will receive a dividend of JP¥150. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 5.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Second quarter 2026 earnings released: EPS: JP¥97.31 (vs JP¥64.82 in 2Q 2025) Second quarter 2026 results: EPS: JP¥97.31 (up from JP¥64.82 in 2Q 2025). Revenue: JP¥76.3b (down 2.7% from 2Q 2025). Net income: JP¥3.56b (up 28% from 2Q 2025). Profit margin: 4.7% (up from 3.5% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 November 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Price Target Changed • Sep 05
Price target increased by 32% to JP¥4,900 Up from JP¥3,700, the current price target is provided by 1 analyst. New target price is 9.8% below last closing price of JP¥5,430. Stock is up 78% over the past year. The company is forecast to post earnings per share of JP¥358 for next year compared to JP¥304 last year. Annuncio • Sep 01
EXEDY Corporation to Report Q2, 2026 Results on Oct 29, 2025 EXEDY Corporation announced that they will report Q2, 2026 results on Oct 29, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥74.40 (vs JP¥76.61 in 1Q 2025) First quarter 2026 results: EPS: JP¥74.40 (down from JP¥76.61 in 1Q 2025). Revenue: JP¥71.9b (down 4.7% from 1Q 2025). Net income: JP¥2.72b (down 23% from 1Q 2025). Profit margin: 3.8% (down from 4.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Japan are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥125 announced Shareholders will receive a dividend of JP¥125. Ex-date: 29th September 2025 Payment date: 25th November 2025 Dividend yield will be 6.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (39% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Annuncio • Jul 08
EXEDY Corporation to Report Q1, 2026 Results on Jul 29, 2025 EXEDY Corporation announced that they will report Q1, 2026 results on Jul 29, 2025 Reported Earnings • Jul 01
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥304 (up from JP¥213 loss in FY 2024). Revenue: JP¥309.6b (flat on FY 2024). Net income: JP¥12.7b (up JP¥22.8b from FY 2024). Profit margin: 4.1% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Japan are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Apr 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥304 (up from JP¥213 loss in FY 2024). Revenue: JP¥309.6b (flat on FY 2024). Net income: JP¥12.7b (up JP¥22.8b from FY 2024). Profit margin: 4.1% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Annuncio • Apr 24
EXEDY Corporation, Annual General Meeting, Jun 25, 2025 EXEDY Corporation, Annual General Meeting, Jun 25, 2025. Annuncio • Mar 27
Exedy Corporation Announces Executive Changes EXEDY Corporation announced that at its board meeting held on March 27, 2025, it resolved following chanages: Retiring Directors: Junji Yamakawa (currently Director and Senior Executive Officer); Hisashi Honjo (currently Director and Senior Executive Officer); Moritaka Yoshida (currently Outside Director); Ichizo Yoshikawa (currently Outside Director); Retiring Audit & Supervisory Board Member: Shintaro Ito (currently External Audit & Supervisory Board Member); Changes in Director and Senior Executive Officer as of March 31, 2025: Mitsugu Yamaguchi, currently a Director and Senior Executive Officer, will retire from his position on March 31, 2025, and will be appointed as a Senior Directing Expert. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 25 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Annuncio • Mar 19
EXEDY Corporation to Report Fiscal Year 2025 Results on Apr 24, 2025 EXEDY Corporation announced that they will report fiscal year 2025 results on Apr 24, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥94.79 (vs JP¥60.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥94.79 (up from JP¥60.41 in 3Q 2024). Revenue: JP¥79.6b (down 1.4% from 3Q 2024). Net income: JP¥3.87b (up 36% from 3Q 2024). Profit margin: 4.9% (up from 3.5% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Price Target Changed • Dec 11
Price target increased by 8.3% to JP¥3,250 Up from JP¥3,000, the current price target is an average from 2 analysts. New target price is 28% below last closing price of JP¥4,540. Stock is up 85% over the past year. The company is forecast to post earnings per share of JP¥336 next year compared to a net loss per share of JP¥213 last year. Annuncio • Dec 04
EXEDY Corporation to Report Q3, 2025 Results on Jan 30, 2025 EXEDY Corporation announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Nov 26
First half dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 28th March 2025 Payment date: 25th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: JP¥64.81 (vs JP¥59.01 in 2Q 2024) Second quarter 2025 results: EPS: JP¥64.81 (up from JP¥59.01 in 2Q 2024). Revenue: JP¥78.4b (flat on 2Q 2024). Net income: JP¥2.78b (flat on 2Q 2024). Profit margin: 3.5% (in line with 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Annuncio • Oct 17
EXEDY Corporation (TSE:7278) acquired WorldLink & Company Co.,Ltd. EXEDY Corporation (TSE:7278) acquired WorldLink & Company Co.,Ltd. on October 16, 2024.
EXEDY Corporation (TSE:7278) completed the acquisition of WorldLink & Company Co.,Ltd. on October 16, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Annuncio • Sep 04
EXEDY Corporation to Report Q2, 2025 Results on Oct 29, 2024 EXEDY Corporation announced that they will report Q2, 2025 results on Oct 29, 2024 Annuncio • Aug 06
EXEDY Corporation (TSE:7278) completed the acquisition of an unknown majority stake in PRE-EV Mobility Co., Ltd. EXEDY Corporation (TSE:7278) acquired an unknown majority stake in PRE-EV Mobility Co., Ltd. in July , 2024.
EXEDY Corporation (TSE:7278) completed the acquisition of an unknown majority stake in PRE-EV Mobility Co., Ltd. in July , 2024. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock has risen 6.1% to JP¥3,050. The fair value is estimated to be JP¥3,861, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥76.61 (vs JP¥55.33 in 1Q 2024) First quarter 2025 results: EPS: JP¥76.61 (up from JP¥55.33 in 1Q 2024). Revenue: JP¥75.4b (up 2.8% from 1Q 2024). Net income: JP¥3.53b (up 36% from 1Q 2024). Profit margin: 4.7% (up from 3.5% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Annuncio • Jul 30
EXEDY Corporation Provides Consolidated Earnings Guidance for the Period from April 1, 2024 to March 31, 2025 EXEDY Corporation provided consolidated earnings guidance for the period from April 1, 2024 to March 31, 2025. For the period, the company expects revenue of JPY 300,000 million, Operating profit of JPY 16,000 million, Profit attributable to owners of parent of JPY 10,000 million and Basic earnings per share of JPY 221.41. Declared Dividend • Jul 11
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 350% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥213 loss per share (down from JP¥97.80 profit in FY 2023). Revenue: JP¥308.3b (up 7.9% from FY 2023). Net loss: JP¥10.0b (down 318% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥2,558. The fair value is estimated to be JP¥3,225, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Apr 28
EXEDY Corporation, Annual General Meeting, Jun 24, 2024 EXEDY Corporation, Annual General Meeting, Jun 24, 2024. Reported Earnings • Apr 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥213 loss per share (down from JP¥97.80 profit in FY 2023). Revenue: JP¥308.3b (up 7.9% from FY 2023). Net loss: JP¥10.0b (down 318% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Price Target Changed • Mar 07
Price target increased by 9.3% to JP¥2,350 Up from JP¥2,150, the current price target is an average from 2 analysts. New target price is 22% below last closing price of JP¥3,025. Stock is up 62% over the past year. The company is forecast to post earnings per share of JP¥223 for next year compared to JP¥97.80 last year. Annuncio • Mar 02
EXEDY Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024 EXEDY Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥60.41 (vs JP¥64.26 in 3Q 2023) Third quarter 2024 results: EPS: JP¥60.41 (down from JP¥64.26 in 3Q 2023). Revenue: JP¥80.7b (up 7.4% from 3Q 2023). Net income: JP¥2.84b (down 6.0% from 3Q 2023). Profit margin: 3.5% (down from 4.0% in 3Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Buying Opportunity • Jan 12
Now 21% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be JP¥3,383, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 3.4%. Revenue is forecast to grow by 8.2% in 2 years. Earnings is forecast to grow by 105% in the next 2 years. Annuncio • Dec 27
EXEDY Corporation to Report Q3, 2024 Results on Jan 31, 2024 EXEDY Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Major Estimate Revision • Nov 25
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥192 to JP¥213. Revenue forecast steady at JP¥308.0b. Net income forecast to grow 76% next year vs 19% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥2,100 to JP¥2,150. Share price was steady at JP¥2,540 over the past week. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥59.00 (vs JP¥49.74 in 2Q 2023) Second quarter 2024 results: EPS: JP¥59.00 (up from JP¥49.74 in 2Q 2023). Revenue: JP¥77.8b (up 5.5% from 2Q 2023). Net income: JP¥2.77b (up 19% from 2Q 2023). Profit margin: 3.6% (up from 3.2% in 2Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 28
EXEDY Corporation to Report Q2, 2024 Results on Oct 30, 2023 EXEDY Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥60.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥60.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). New Risk • Aug 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥55.33 (vs JP¥32.65 in 1Q 2023) First quarter 2024 results: EPS: JP¥55.33 (up from JP¥32.65 in 1Q 2023). Revenue: JP¥73.4b (up 14% from 1Q 2023). Net income: JP¥2.60b (up 70% from 1Q 2023). Profit margin: 3.5% (up from 2.4% in 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Price Target Changed • Jun 08
Price target increased by 12% to JP¥1,900 Up from JP¥1,700, the current price target is an average from 2 analysts. New target price is 13% below last closing price of JP¥2,176. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥213 for next year compared to JP¥97.79 last year. Annuncio • May 31
EXEDY Corporation to Report Q1, 2024 Results on Jul 31, 2023 EXEDY Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥97.79 (down from JP¥266 in FY 2022). Revenue: JP¥285.6b (up 9.4% from FY 2022). Net income: JP¥4.59b (down 63% from FY 2022). Profit margin: 1.6% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share at 5.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥64.26 (vs JP¥55.11 in 3Q 2022) Third quarter 2023 results: EPS: JP¥64.26 (up from JP¥55.11 in 3Q 2022). Revenue: JP¥75.1b (up 14% from 3Q 2022). Net income: JP¥3.02b (up 17% from 3Q 2022). Profit margin: 4.0% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 23
Price target decreased to JP¥1,700 Down from JP¥1,850, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,644. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of JP¥178 for next year compared to JP¥266 last year. Annuncio • Dec 04
EXEDY Corporation to Report Q3, 2023 Results on Jan 30, 2023 EXEDY Corporation announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥49.74 (vs JP¥67.20 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.74 (down from JP¥67.20 in 2Q 2022). Revenue: JP¥73.8b (up 20% from 2Q 2022). Net income: JP¥2.34b (down 26% from 2Q 2022). Profit margin: 3.2% (down from 5.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Takashi Hayashi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥49.74 (vs JP¥67.20 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.74 (down from JP¥67.20 in 2Q 2022). Revenue: JP¥73.8b (up 20% from 2Q 2022). Net income: JP¥2.34b (down 26% from 2Q 2022). Profit margin: 3.2% (down from 5.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥32.65 (vs JP¥59.14 in 1Q 2022) First quarter 2023 results: EPS: JP¥32.65 (down from JP¥59.14 in 1Q 2022). Revenue: JP¥64.4b (up 3.8% from 1Q 2022). Net income: JP¥1.53b (down 45% from 1Q 2022). Profit margin: 2.4% (down from 4.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Jun 24
Now 20% undervalued Over the last 90 days, the stock is up 6.1%. The fair value is estimated to be JP¥2,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings is also forecast to grow by 0.6% per annum over the same time period. Major Estimate Revision • Jun 22
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥300.0b to JP¥295.0b. EPS estimate also fell from JP¥298 per share to JP¥267 per share. Net income forecast to grow 12% next year vs 9.4% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥1,651 to JP¥1,700. Share price was steady at JP¥1,739 over the past week. Buying Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be JP¥2,056, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.9% in 2 years. Earnings is forecast to decline by 2.8% in the next 2 years. Reported Earnings • May 04
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥266 (up from JP¥106 in FY 2021). Revenue: JP¥261.1b (up 15% from FY 2021). Net income: JP¥12.5b (up 150% from FY 2021). Profit margin: 4.8% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 15%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • May 03
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥273.2b to JP¥300.0b. EPS estimate increased from JP¥249 to JP¥277 per share. Net income forecast to grow 31% next year vs 15% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥1,700 unchanged from last update. Share price rose 6.2% to JP¥1,607 over the past week.