Exedy Corporation (JP:7278) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
EXEDY Corporation has announced the dissolution of its subsidiary, EXEDY America Corporation (EAC), due to sluggish orders for torque converters as a result of the automotive market’s shift to electric vehicles. This move is part of a larger structural reform within EXEDY’s automatic transmission business to improve global profitability. All dissolution expenses have been accounted for in the current consolidated earnings forecast, and any future updates will be promptly disclosed.
For further insights into JP:7278 stock, check out TipRanks’ Stock Analysis page.