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Exedy Corporation ( (JP:7278) ) has shared an update.
Exedy Corporation reported that third-quarter net sales declined, mainly due to lower orders for automatic transmission products in the Americas and Japan and adverse foreign exchange effects, but operating profit rose, supported by the exit from an unprofitable U.S. subsidiary, stronger sales in China and other Asian markets, and successful price pass-through to offset cost inflation and higher human capital expenses. On the back of a weaker-than-expected yen and stronger operating performance through the third quarter, the company raised its full-year operating profit forecast from JPY 21.0 billion to JPY 22.0 billion and outlined a shareholder return policy targeting a 100% total payout ratio over fiscal 2025–2026, a minimum DOE of 5%, and continued stable dividends to support an optimal capital structure with an equity ratio goal of 60%.
The most recent analyst rating on (JP:7278) stock is a Buy with a Yen6687.00 price target. To see the full list of analyst forecasts on Exedy Corporation stock, see the JP:7278 Stock Forecast page.
More about Exedy Corporation
Exedy Corporation is a Japan-based automotive parts manufacturer specializing in transmission-related products such as automatic transmission (AT) components, with a significant presence in markets including the Americas, Japan, China, and the rest of Asia.
Average Trading Volume: 116,413
Technical Sentiment Signal: Buy
Current Market Cap: Yen210B
For an in-depth examination of 7278 stock, go to TipRanks’ Overview page.