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MUSASHI SEIMITSU hits daily limit up in afternoon session on deal to supply integrated electric powertrain system to Indian company

Wed May 13, 2026 1:45 pm JST Catalyst

Musashi Seimitsu Industry <7220> experienced a volatile session on May 13, surging to its daily limit-high in the afternoon after plunging to its limit-low earlier in the morning.

The afternoon reversal followed news that the company’s Indian subsidiary signed a memorandum of understanding with Kinetic Green, an Indian electric vehicle (EV) manufacturer, to supply integrated electric powertrain systems for two-wheeler platforms. Furthermore, the company revealed that its e-Axle EV drive unit was selected by India’s Emobi for its new "AKX" model. These strategic inroads into the burgeoning Indian EV market were viewed as strong positive catalysts by investors.

The stock’s morning weakness was triggered by a disappointing guidance for the fiscal year ending March 2027, released after the market close on May 12. Musashi Seimitsu projected revenue of 335,000 million yen (down 3.5% year-on-year) and operating profit of 18,500 million yen (down 9.9%), an outlook that initially sparked heavy selling.

Source: MINKABU PRESS

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

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