|
Company Name
|
EXEDY Corp.
|
|
Headquarters:
|
1-1-1, Kidamotomiya, Neyagawa-shi, Osaka-fu, 572-8570, Japan
|
|
Homepage:
|
http://www.exedy.co.jp/
|
|
Business
Segment :
|
The Company mainly manufactures and sells automotive manual clutches and torque converters.
|
|
Products:
|
Manual Transmission Division
For minicars and passenger cars
-Clutch discs (Unity discs/Wide angle dampers)
-Clutch covers (DST type)
-Small pull type clutch
-Fly wheels (Hydro-dump systems)
For trucks and buses
-Large-sized clutch discs (Unity discs)
-Silent discs
-Combination discs
-Large-sized pull type clutches
-Wet process clutch
Automatic Transmission Division
For passenger cars
-Flat torque converters
-Ultra flat torque converters
-Lock-up dampers
-Forward reverse unit for CVT (FRU)
-Automatic Transmission parts
Manual Transmission Division
Clutch covers for passenger vehicles
-Clutch covers (DST type)
-Pull type clutch covers
-Peak-cut clutch covers
Clutch covers for trucks and buses
-Clutch covers (Lever type) - Large
-Pull type clutch covers - Large
Clutch discs for passenger vehicles
-Clutch discs (Unity type)
-Wide angle dampers
-Single hub silent clutch discs
Clutch dics for trucks and buses
-Clutch dics (Unity type) - Large
-Silent discs
-Combination discs
Automatic Transmission Division
Torque converters for passenger vehicles
-Super squashed torque converters
-Lock up dampers
-Dampers for CVTs
AT parts for passenger vehicles
-Clutch packs
-CVT clutch packs for front and reverse shift
-Paper discs
|
|
Customers:
|
Isuzu, Suzuki, Daihatsu, Toyota, Nissan, UD Trucks, Hino, Subaru, Honda, Mazda, Mitsubishi, JATCO, Aisin Group, AAI, CAMI, Ford, GM, MMMA, NMMC, SIA, Daimler, Qingling Motor, SAIC-GM-Wuling, Chang' an Automotive, Astra Daihatsu, Hino Indonesia, Indomobile Suzuki Int'l, Krama Yudha Tiga Berlian, Mazda Indonesia, Pantja Motor, Kia Motors, Hyundai Motor, Perodua, Proton, Marti Udyog, Tata, AAT, Isuzu Motor Thailand, MMC Sttipol, Siam International, Siam Nissan Automotive
|
|
Number of Employees:
|
8,663 employees (As of Mar. 31, 2011)
|
|
Shareholders :
|
(As of Mar. 31, 2011)
|
Name or Company Name
|
Investment Ratio (%)
|
|
Aisin Seiki Co., Ltd.
|
14.87
|
|
Japan Trustee Services Bank Ltd.
|
11.28
|
|
Aisin Holdings of America, Inc.
|
9.26
|
|
Aisin Europe SA
|
9.26
|
|
The Master Trust Bank of Japan, Ltd.
|
6.58
|
|
State Street Bank and Trust Company
|
2.98
|
|
Hino Motors, Ltd.
|
2.61
|
|
Daihatsu Motor Co., Ltd.
|
2.55
|
|
State Street Bank and Trust Company 505223
|
2.18
|
|
The Chase Manhattan Bank N.A. London S.L. Omnibus Account
|
1.98
|
|
Total
|
63.61
|
|
|
Board Member :
|
Haruo Shimizu (President)
|
|
Business Highlights :
|
|
R&D Expenditures
|
(in millions of JPY)
|
|
|
FY2010
|
FY2009
|
FY2008
|
|
Overall
|
4,596
|
4,370
|
4,946
|
|
MT business
|
1,098
|
1,119
|
1,153
|
|
AT business
|
2,052
|
2,047
|
2,036
|
|
Others
|
598
|
-
|
-
|
R&D Structure
-The Company employs 378 engineers, which account for approximately 4 percent of its overall workforce (as of FY2010).
R&D Activities
MT business
-For passenger vehicles, the Company developed clutches with high performance dampers capable of absorbing the vibration produced by environmentally friendly, lean-burn engines and direct injection diesel engines. It also engineered dual mass flywheels.
-Development achievements of commercial vehicle parts included manual transmission clutches as well as the computer units, actuator units and motor drivers of automated manual transmissions, which are manual transmission with automatic startup and gear changing functions.
AT business
-For the purpose of developing high performance torque converters, the Company carries out studies on inner oil flow by using cutting-edge computer systems. The focus of the development activities is on designing torque converters with excellent transmission efficiency and a high level of flexibility in terms of installing them in tight spaces. The Company developed advanced torque converters based on this research, already winning some contracts to supply these products.
-Dynax, which is a consolidated subsidiary of the Company, is developing friction materials for lock-up clutches and other components for automatic transmissions. It is working on wet type friction materials using non-woven fabrics. In the area of commercial vehicle products, the company is engineering products for dual clutch transmissions. It is already mass producing wet type dual clutches, first for commercial vehicles.
The Company has decided to develop a new clutch mechanism, a key component of the next generation automatic transmission "DCT (Dual Clutch Transmission)." The supplier will focus on putting a dry type dual clutch to practical use in commercial vehicles. A high percentage of commercial vehicles are still equipped with a manual transmission and there is plenty of room for switching from manual to automatic. EXEDY plans to complete a basic feasibility assessment by the yearend, and embark on technological presentations toward commercial vehicle and transmission manufacturers next year. In the Japanese domestic market, the company aims to apply the technology to vehicles conforming to carbon dioxide emission regulations that will go into effect from 2015. (From an article in the Nikkan Jidosha Shimbun on May 21, 2010)
Other business
-For hybrid vehicles, the Company is developing dampers to absorb vibration produced when the power source is switched between the engine and the motor. It is also engineering new products, including a damper with a torque limiter, which prevents situations when the engine has to operate under the maximum load level.
|
|
Affiliates
Companies :
|
|
Company
|
Location
|
Business segment
|
Voting right ownership ratio(%)
|
|
Consolidated Subsidiaries
|
|
Dynax Corporation
|
Hokkaido Pref.,
Japan
|
Automatic transmission related business
|
100.0
|
|
Exedy Hiroshima Co., Ltd.
|
Hiroshima Pref.,
Japan
|
Manual transmission related business
|
100.0
|
|
Exedy Kyoto Co., Ltd.
|
Kyoto Pref.,
Japan
|
Manual transmission related business
|
100.0
|
|
Exedy Precision Co., Ltd.
|
Okayama Pref.,
Japan
|
Manual transmission related business
|
100.0
|
|
Exedy Holdings of America Corp.
|
Michigan,
USA
|
Administration company for the Company's US business
|
100.0
|
|
Exedy America Corporation
|
Tennessee,
USA
|
Automatic transmission related business
|
60.0
|
|
Exedy Global Parts Corp.
|
Michigan,
USA
|
Manual transmission related business
|
100.0
|
|
Dynax America Corporation
|
Virginia,
USA
|
Automatic transmission related business
|
100.0
|
|
Exedy Australia Pty. Ltd.
|
Victoria,
Australia
|
Manual transmission related business
|
75.0
|
|
Exedy Middle East Fzco.
|
Dubai,
UAE
|
Manual transmission related business
|
73.3
|
|
Exedy Clutch Europe Limited
|
Cheshire,
UK
|
Manual transmission related business
|
100.0
|
|
Exedy Dynax Europe Ltd.
|
Tatabanya,
Hungary
|
Manual transmission related business
|
100.0
|
|
Eexedy (Thailand) Co., Ltd.
|
Chonburi,
Thailand
|
Manual transmission related business
|
67.0
|
|
Exedy Friction Material Co., Ltd.
|
Chonburi,
Thailand
|
Manufacture and sales of friction agents
|
66.5
|
|
Exedy (Malaysia) Sdn. Bhd.
|
Negeri Sembilan,
Malaysia
|
Manual transmission related business
|
50.0
|
|
Exedy Chongqing Co., Ltd.
|
Chongqing,
China
|
Manual transmission related business
|
70.0
|
|
Exedy (Shanghai) Co., Ltd.
|
Shanghai,
China
|
Manufacture and sales of friction materials
Automatic transmission related business
|
100.0
|
|
Shanghai Dynax Corporation
|
Shanghai,
China
|
Automatic transmission related business
|
100.0
|
|
Dynax Industry (Shanghai) Corporation
|
Shanghai,
China
|
Automatic transmission related business
|
100.0
|
|
P. T. Exedy Indonesia
|
Jakarta,
Indonesia
|
Manual transmission related business
|
100.0
|
|
Exedy Guangzhou Co.,Ltd.
|
Guangzhou,
China
|
Manual transmission related business
|
100.0
|
|
Exedy New Zealand Limited
|
Auckland,
New Zealand
|
Manual transmission related business
|
60.0
|
|
Exedy India Limited
|
Mumbai,
India
|
Manual transmission related business
|
69.1
|
|
Exedy Dynax Mexico S.A. de C.V.
|
Aguascalientes,
Mexico
|
Automatic transmission related business
|
100.0
|
|
|
Sales Data:
|
|
Sales by Segment
|
(in millions of JPY)
|
|
|
FY2010
|
FY2009
|
FY2008
|
|
Sales
|
Operating income
|
Sales
|
Operating income
|
Sales
|
Operating income
|
|
MT
|
57,348
|
9,433
|
45,733
|
5,896
|
54,631
|
7,262
|
|
AT
|
120,756
|
10,181
|
95,650
|
5,216
|
93,677
|
3,173
|
|
Others
|
27,964
|
2,532
|
17,883
|
304
|
25,729
|
689
|
|
Elimination or Corporate
|
(9,617)
|
(750)
|
(6,596)
|
(566)
|
(7,289)
|
(908)
|
|
Consolidated
|
196,451
|
21,395
|
152,671
|
10,851
|
166,749
|
10,217
|
|
Sales by Geographic Area
|
(in millions of JPY)
|
|
|
FY2010
|
FY2009
|
FY2008
|
|
Sales
|
Operating income
|
Sales
|
Operating income
|
Sales
|
Operating income
|
|
Japan
|
147,101
|
13,328
|
117,348
|
7,066
|
121,492
|
4,597
|
|
U.S.A.
|
28,749
|
1,140
|
23,222
|
431
|
31,071
|
707
|
|
Asia, Oceania
|
47,252
|
7,002
|
29,336
|
3,043
|
33,897
|
4,394
|
|
Others
|
2,713
|
179
|
2,078
|
162
|
2,657
|
436
|
|
Elimination or Corporate
|
(29,365)
|
(255)
|
(19,314)
|
147
|
(22,369)
|
81
|
|
Consolidated
|
196,451
|
21,395
|
152,671
|
10,851
|
166,749
|
10,217
|
|
|
Financial Status :
|
|
Year ended Mar. 31
|
FY2006
|
FY2007
|
FY2008
|
FY2009
|
FY2010
|
|
Sales (million yen)
|
166,745
|
187,302
|
166,749
|
152,671
|
196,451
|
|
Income from ordinary business activities (million yen)
|
17,378
|
19,578
|
8,804
|
10,613
|
20,833
|
|
Net income (million yen)
|
10,497
|
11,658
|
5,441
|
5,524
|
13,024
|
|
Comprehensive income (million yen)
|
-
|
-
|
-
|
-
|
11,199
|
|
Net assets (million yen)
|
99,846
|
110,032
|
103,248
|
109,095
|
116,819
|
|
Total assets (million yen)
|
144,073
|
158,147
|
136,907
|
153,425
|
164,416
|
|
Book value per share (yen)
|
1,907.92
|
2,102.64
|
1,999.38
|
2,115.38
|
2,279.57
|
|
EPS (yen)
|
215.09
|
239.95
|
112.00
|
113.72
|
268.32
|
|
Diluted EPS (yen)
|
-
|
-
|
-
|
-
|
-
|
|
Net asset ratio(%)
|
64.3
|
64.6
|
70.9
|
67.0
|
67.0
|
|
ROE(%)
|
11.9
|
12.0
|
5.5
|
5.5
|
12.2
|
|
PER
|
15.62
|
11.84
|
11.10
|
20.08
|
9.31
|
|
Cash flow from operating activity (million yen)
|
20,554
|
21,825
|
20,069
|
19,514
|
22,807
|
|
Cash flow from investment activity (million yen)
|
(15,741)
|
(14,108)
|
(21,068)
|
(8,593)
|
(14,712)
|
|
Cash flow from financial activity (million yen)
|
(3,875)
|
(931)
|
(3,299)
|
(1,863)
|
(2,879)
|
|
Balance cash and cash equivalents (million yen)
|
15,735
|
22,422
|
16,335
|
25,597
|
30,037
|
|
Number of employees
|
6,417
|
7,424
|
7,549
|
7,824
|
8,663
|
Non Consolidated
|
Year ended Mar. 31
|
FY2006
|
FY2007
|
FY2008
|
FY2009
|
FY2010
|
|
Sales (million yen)
|
93,735
|
102,187
|
92,291
|
88,025
|
109,053
|
|
Income from ordinary business activities (million yen)
|
9,372
|
9,604
|
4,670
|
6,448
|
10,379
|
|
Net income (million yen)
|
6,177
|
6,766
|
3,528
|
4,356
|
7,005
|
|
Paid-in Capital (million yen)
|
8,284
|
8,284
|
8,284
|
8,284
|
8,284
|
|
Number of stock outstanding (1,000)
|
48,593
|
48,593
|
48,593
|
48,593
|
48,593
|
|
Net assets (million yen)
|
61,601
|
66,340
|
66,760
|
70,331
|
74,432
|
|
Total assets (million yen)
|
89,777
|
96,333
|
86,404
|
100,858
|
105,112
|
|
Book value per share (yen)
|
1,267.88
|
1,365.49
|
1,374.17
|
1,447.72
|
1,540.87
|
|
Dividend per share (yen)
|
34.00
|
50.00
|
35.00
|
35.00
|
50.00
|
|
EPS (yen)
|
126.57
|
139.27
|
72.64
|
89.67
|
144.33
|
|
Diluted EPS (yen)
|
-
|
-
|
-
|
-
|
-
|
|
Net asset ratio(%)
|
68.6
|
68.9
|
77.3
|
69.7
|
70.8
|
|
ROE(%)
|
10.3
|
10.6
|
5.3
|
6.4
|
9.7
|
|
PER
|
26.55
|
20.39
|
17.11
|
25.46
|
17.31
|
|
Payout ratio(%)
|
26.9
|
35.9
|
48.2
|
39.0
|
34.6
|
|
Number of employees
|
1,871
|
2,159
|
2,330
|
2,388
|
2,503
|
|
|
|
|
|
Source :
|
http://www.exedy.co.jp/
|
