EXEDY Corporation Business Report FY ended Mar. 2019

Financial Overview

(in million JPY)
  FY ended Mar. 31, 2019 FY ended Mar. 31, 2018 Rate of Change
Sales 282,398 283,319 (0.3) -Lower product orders mainly in China
.Operating income 19,626 23,808 (17.6) -Increased production costs, especially labor costs, in addition to lower sales.
rofit before tax 19,039 22,499 (15.4) -
Profit for the year attributable to owners of the parent  12,967 15,791 (17.9) -

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)

R&D Expenditures

(in million JPY)
FY ended Mar. 31, 2019 FY ended Mar. 31, 2018 FY ended Mar. 31, 2017
MT business 1,063 1,212 1,235
AT business 1,791 1,880 1,789
Others 1,089 1,045 1,011
New products 1,784 1,631 1,727
Total 5,726 5,768 5,763

R&D Structure

-As of the fiscal year that ended March 2019, the Group had 496 R&D staff, which accounted for 4% of the entire workforce.
-The Company’s R&D activities are being conducted at the following locations.

Name Location
DYNAX Corporation Hokkaido
Outside Japan
EXEDY Chongqing Co., Ltd. Chongqing, China
EXEDY DYNAX SHANGHAI Co., Ltd. Shanghai, China
EXEDY Friction Material Co., Ltd. Chonburi, Thailand
EXEDY ENGINEERING ASIA Co., Ltd. Chonburi, Thailand
EXEDY Globalparts Corporation Michigan, U.S.A.

R&D Activities

MT business
-In the automobile sector, the Company is developing clutches and dual mass-fly wheels with high-performance dampers, which can effectively absorb vibration generated from lean-burn engines and direct-injection diesel engines that comply with environmental issues and lower fuel consumption.

-In the commercial-vehicle sector, the Company is developing products such as actuators and motor drivers that operate clutches that are controlled by control units, as products for AMTs that automate the startup and shifting of manual clutches and manual transmissions.

AT business
-The Company is developing torque convertors, lock-up clutches, and wet clutches.

-The Company is continuing to make use of the latest computer systems for research that leads to improving oil flow, surface pressure analysis, and slip properties inside wet clutches.

-The Company developed and started receiving orders for a torque converter that it developed, which dampens vibration when the clutch is engaged at slow speed, increasing the lockup range up to slow-speed range in order to reduce fuel consumption.

-Dynax Corporation, a consolidated subsidiary, is developing friction materials for lock-up clutches as well as parts for automatic transmissions, fostering its technology on wet friction-materials that use unwoven fabric. It is developing parts designed for DCTs mounted on commercial vehicles, mass-producing the first wet dual clutch for commercial vehicles.

Other business
-Development of high-performance dampers for downsized, supercharged engines and variable displacement engines.

-Development of new products such as dry type multi-plate clutch for hybrid vehicles, which disconnects the engine with the motor, creating space within the motor’s interior; a damper that absorbs engine vibration generated when the vehicle switches between the engine and motor or when the vehicle is traveling; and a damper torque limiter that prevents overload on the engine.

Capital Expenditure

(in million JPY)
FY ended Mar. 31, 2019 FY ended Mar. 31, 2018 FY ended Mar. 31, 2017
MT Business 2,919 2,742 3,884
AT Business 25,621 17,275 17,709
Others 936 1,244 1,012
Total 29,477 21,260 22,607

Planned Capital Investments

-In the fiscal year ending in March 2019, the Company plans to spend JPY 26,000 million Group-wide on facilities and equipment, investing JPY 3,600 million in the MT business and JPY 21,400 million in the AT business.


-Awards won in the fiscal year that ended in March 2019

Company Award
EXEDY Nissan "Best Performance Award"
EXEDY America Corporation (EAC) GM "GM Supplier Quality Excellence Award"
EXEDY DYNAX Shanghai Co., Ltd. GM China "GM Supplier Quality Excellence Award"
Toyota Motor (Changshu) Auto Parts Co., Ltd. and Toyota Motor Technical Center (China) Co., Ltd.
"Quality Achievement Award" "Excellent Cost Award"