EXEDY Corporation

Company Profile

■URL

http://www.exedy.com/en/index/

■Address

1-1-1, Kidamotomiya, Neyagawa-shi, Osaka-fu, 572-8570, Japan

Business Overview

-Manufactures and sells manual transmissions (MTs) and automatic transmissions (ATs).

-Formed a business alliance with Aisin on operations overseas.

Business Segment Products
AT Torque convertors, dampers, clutch parts
MT Clutch disks, clutch bars

 

・In the fiscal year that ended in March 2020, total companywide sales were JPY 227.4 billion. The AT business’ sales were JPY 154.0 billion, which is 68% of total sales. The MT business, which generated JPY 51.4 billion in sales, accounted for 22% of total sales. The Company predicts that sales in the fiscal year that ends in March 2021 will be JPY 245.0 billion.

・During the past three years (2018-2020), over 50% of sales at the AT business was generated in Japan and the operating profit margin averaged around 5%. (However, in the single fiscal year that ended in March 2020, it was 1.8% because of the loss posted by the subsidiary in Mexico.)

・During the past three years (2018-2020), over 50% of sales at the MT business was generated in Asia and the operating profit margin averaged over 10%. (However, the operating profit margin in the single fiscal year that ended in March 2020 was lower due to the impartment loss posted by the subsidiary in Mexico, which was mentioned above.)

Shareholders

-Listed on the first section of the Tokyo Stock Exchange (As of Mar. 31, 2021)
Name or Company Name Investment Ratio (%)
Aisin Corporation 15.4
Aisin Holdings of America, Inc. 9.6
Aisin Europe SA 9.6
The Master Trust Bank of Japan, Ltd. 3.8
Japan Trustee Services Bank Ltd. 2.8
Daihatsu Motor Co., Ltd. 2.6
Bashoue 2.6
SSBTC CLIENT OMNIBUS ACCOUNT 1.2
Exedy Employee Stock Ownership Plan 1.1
MSCO CUSTOMER SECURITIES 1.0
Total 49.8

Products

Products for Environmental Purpose
-Super squashed torque converters
-Dampers with torque limiter
-Torque Limiter Damper

Manual Transmission Components
-Clutch covers for passenger cars

  • DST type clutch covers
  • Pull type clutch covers
  • Peak-cut clutch covers

-Clutch covers for trucks and buses

  • Lever type clutch covers - Large
  • Pull type clutch covers - Large

-Clutch discs for passenger cars

  • Unity type clutch discs
  • Wide angle dampers
  • Single hub silent clutch discs
  • Dual mass flywheels
  • Hyper single VF

-Clutch discs for trucks and buses

  • Unity type clutch discs - Large
  • Silent discs
  • Combination discs

Automatic Transmission Components
-Torque converters for passenger vehicles

  • Super squashed torque converters
  • Low speed lock-up torque converters
  • Lock up dampers
  • Dampers for CVTs

-AT parts for passenger cars

  • Clutch packs
  • CVT clutch packs for front and reverse shift
  • Paper discs

History

Feb. 1923 The Company was established as a private business led by Kazuma Adachi in Ikuno-ward, Osaka.
Jul. 1950 Established Daikin Manufacturing Co., Ltd. in Ikuno-ward, Osaka with a registered capital of 1 million yen.
Feb. 1959 Established Kawaguchi Plant in Kawaguchi City, Saitama Prefecture. (This plant was transferred to Kawagoe City in the same prefecture, thereby changing its name to Kawagoe Plant. )
Feb. 1961 Established Hiroshima Plant in Aki-gun, Hiroshima Prefecture. (This plant was transferred to Higashihiroshima City in the same prefecture in May 1992, spun off and established as DK Pronac Co., Ltd. The company adopted a new corporate name, Exedy Hiroshima Co., Ltd. in May 2010.)
Jan. 1963 Transferred its headquarters to Neyagawa City, Osaka.
Jun. 1973 Established Daikin R.M. Co., Ltd., a joint -venture company in Chitose City, Hokkaido to manufacture wet-type friction materials. (The joint-venture contract was dissolved in February 1990. It became a wholly owned subsidiary of the Company and adopted a new corporate name, Dynax Corporation in April 1991.)
Oct. 1973 Listed on the Second Section of Osaka Securities Exchange.
Aug. 1975 Established Ueno Plant to manufacture casting and forging products in-house in Ueno City, Mie Prefecture. (This company changed the name of this plant to the Ueno Division in March 1987.)
Mar. 1977 Established Daikin Clutch U.S.A. , a wholly owned sales company in California, U.S.A. (Operations of this company were transferred to Michigan, U.S.A. The name of the company was changed to Daikin Clutch in August 1987, and to Exedy Global Parts Corp. in January 2006.)
Jul. 1977 Established the Tokyo Sales Office.
Dec. 1982 Received the Q1 (Quality No.1) Award from Ford.
Sep. 1985 Established Daikin Clutch Indonesia in Jakarta, Indonesia.to manufacture clutches for manual transmissions. (This company adopted a new corporate name, P.T. Exedy Indonesia in January 2006. The joint-venture contract was dissolved in September 2007.)
Oct. 1985 Invested in CK Automotive Products Ltd. in India. (The name of this company was changed to CK Daikin Ltd. in November 1987, and to Exedy India Ltd. in November 2010.)
Nov. 1989 Established Daikin Clutch Europe, a development and sales company in Liverpool, U.K. (This company was transferred to Cheshire in January 1996, and changed its corporate name to Exedy Clutch Europe Ltd. in January 2004.)
Dec. 1991 Established the Chubu Sales Office in Okazaki City, Aichi Prefecture.
Feb. 1993 Established a joint-venture company to manufacture manual transmission clutches in Tatabanya, Haungary. (The joint-venture contract was dissolved and the name of this company was changed to Euro Exedy Clutch in April 1998. In April 2009, the company adopted a new corporate name, Exedy Dynax Europe Ltd.)
Oct. 1994 Established Daikin Drivetrain Components to manufacture automatic transmission components in Tennessee, U.S.A. (Aisin Holdings of America invested in this company in October 2001. The company adopted a new corporate name, Exedy America Corporation in April 2004. )
Dec. 1994 Established Siam DK Technology Co., Ltd. to manufacture manual transmission clutches in Thailand. (The name of this company was changed to Exedy (Thailand) Co., Ltd. in January 2005.)
May 1995 Established Daikin Clutch Australia, a sales joint venture in Victoria, Australia. (The name of this company was changed to Exedy Australia Pty. Ltd. in January 2004.)
Jun. 1995 Established Dynax America Corporation in Michigan, U.S.A. to manufacture automatic transmission components.
Aug. 1995 Adopted a new corporate name, Exedy Corporation.
Nov. 1995 The headquarters and the Ueno Division received the TPM Special Award. The Kawagoe Plant received the TPM Outstanding Award.
Dec. 1995 Established EXEDY America Corporation, its North American headquarters in Michigan U.S.A.
Dec. 1995 Established Chongqing Sanling Daikin Clutch Mfg. Co., Ltd. in Sichuan Province, China to manufacture manual transmission clutches. (The name of this company was changed to Exedy Chongqing Co., Ltd. in January 2004.)
Sep. 1996 Established EXEDY (Malaysia) Sdn. Bhd. in Negeri Sembilan, Malaysia to manufacture manual transmission clutches.
Sep. 1996 Listed on the First Section of Osaka Securities Exchange
Aug. 1997 Listed on the First Section of Tokyo Stock Exchange
Jan. 1998 Established EXEDY Friction Material Co., Ltd. in Thailand to manufacture friction-facing products. (Aisin Chemical Co., Ltd. invested in this company in February 2002.)
Mar. 1999 Acquired QS9000 and ISO9001 certification
Jul. 1999 Established Shanghai DYNAX Corporation in Shanghai, China to manufacture automatic transmission components.
Jun. 2000 Acquired ISO14001 certification.
Jul. 2001 Formed a business alliance with Aisin Seiki Co., Ltd. to collaborate in business outside Japan.
Dec. 2001 Established DYNAX Industry (Shanghai) Co., Ltd. in Shanghai, China to manufacture automatic transmission components.
Jul. 2002 Established a sales company, Exedy Middle East FZCO, in Dubai, United Arab Emirates (UAE).
Jun. 2004 Established EXEDY (Shanghai) Friction Material Co., Ltd. in Shanghai, China to manufacture friction-facing products. (The name of this company was changed to Exedy (Shanghai) Co., Ltd. in March 2006.)
Aug. 2004 Acquired ISO/TS16949 certification.
May. 2006 Established EXEDY Guangzhou Co. Ltd., a joint-venture sales company, in Guangzhou, China.
Oct. 2008 Established a joint-venture sales company, EXEDY New Zealand Limited, in Auckland, New Zealand.
Dec. 2010 Established EXEDY DYNAX Mexico S.A. de C.V. in Aguascalientes, Mexico to manufacture automatic transmission components.
Jul. 2011 Formed a capital alliance with Croydon Co., Ltd., a bearing manufacturer.
Nov. 2012 Established EXEDY Russia, a joint-venture production company; in Tolyatti, Russia.
Jun. 2013 Established EXEDY Engineering Asia as a technical center in Chonburi, Thailand.
Feb. 2014 Established PT. EXEDY Prima Indonesia, a clutch facing manufacturing joint venture in Surabaya, Indonesia.
Sep. 2015 Acquired shares in Exedy Nara, which was spun-off from Kojima Metal Fitting Corporation located in Yamato Koriyama, Nara Pref., Japan.
Jan. 2017 Established EXEDY POIPET Co., Ltd., a production company of motorcycle clutch parts in Poipet, Cambodia. 
Dec. 2020 Relocated Exedy Kyoto to Tenri, Nara Prefecture and renamed the company to Exedy Kiko Co., Ltd.

Supplemental Information 1