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An announcement from Exedy Corporation ( (JP:7278) ) is now available.
EXEDY Corporation reported its financial results for FY2024, showing a slight increase in revenue by 0.4% compared to the previous year. The company returned to profitability with an operating profit of ¥21,845 million, a significant improvement from the previous year’s loss. The financial position showed a decrease in total assets and equity, with a notable increase in dividends per share, reflecting a strong commitment to shareholder returns. The forecast for FY2025 anticipates a decline in revenue and profit, indicating potential challenges ahead, possibly influenced by external factors such as U.S. tariff policies.
More about Exedy Corporation
EXEDY Corporation operates in the automotive industry, focusing on manufacturing and supplying clutch systems and torque converters. The company is listed on the Tokyo Stock Exchange and is known for its advanced technology in drivetrain components, serving a global market.
YTD Price Performance: -0.53%
Technical Sentiment Signal: Sell
Current Market Cap: €1.21B
For an in-depth examination of 7278 stock, go to TipRanks’ Stock Analysis page.