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EXEDY Corporation shows clear upward momentum on 50 yen dividend increase plan and share buyback of up to 5.47%

Tue Apr 28, 2026 10:00 am JST Catalyst

EXEDY Corporation <7278> is showing clear upward momentum. The company is an automotive parts manufacturer specializing in torque converters. The consolidated financial results for the fiscal year ended March 2026, announced after the close of trading on the 27th, exceeded plans for both sales and profits. For the fiscal year ending March 2027, the company expects sales to increase slightly year-on-year, with net income projected at 14 billion yen, up 2.3% from the previous year. The annual dividend forecast was set at 350 yen, an increase of 50 yen from the previous year. The company also announced a share buyback program from May 1 through the end of December, with an upper limit of 2 million shares (5.47% of issued shares excluding treasury stock) and a total acquisition amount of up to 8 billion yen. EXEDY is known to be largely held by former Murakami Fund affiliates, and buying has been driven by expectations of a high dividend yield and improved stock supply-demand dynamics. For the current fiscal year, while the company anticipates a decrease in order volume for automatic transmission (AT) products, the earnings forecast incorporates the effects of price pass-through and the monetization of idle assets in Thailand.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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