Exedy Corporation plans to acquire 9,086,213 shares of Protean Electric Ltd. for approximately 5,170 million yen and make it a wholly owned subsidiary. The acquisition date is February 26, 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"7278","jir_company_name":"Exedy Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-20","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/7278-20260220-01.pdf","jir_short_summary":"Exedy Corporation plans to acquire 9,086,213 shares of Protean Electric Ltd. for approximately 5,170 million yen and make it a wholly owned subsidiary. The acquisition date is February 26, 2026.","jir_summary":"### Overview of M&A\nExedy Corporation resolved at the Board of Directors meeting on February 20, 2026, to acquire shares of Protean Electric Ltd. and make it a wholly owned subsidiary. The number of shares to be acquired is 9,086,213, with an acquisition price of approximately 5,170 million yen (5,070 million yen for common stock, 100 million yen for advisory fees, etc.). Protean Electric Ltd. is a UK company engaged in the development, manufacturing, and sales of in-wheel motors, whose technology is recognized as a contributor to automotive electrification. Through this acquisition, both companies aim to advance technological integration and provide competitive products and services.\n\n### Impact on shareholders and future outlook\nAs a result of this acquisition, Exedy Corporation will make Protean Electric Ltd. a 100% subsidiary. Protean Electric Ltd. has been in a state of insolvency for several years, but this is expected to be resolved through debt waiver and debt-equity swaps by the BD AUTO AND ENERGY LTD. group. The impact on the consolidated performance for the fiscal year ending March 2026 is expected to be minor, and any need for earnings guidance revisions will be promptly disclosed.","jir_financial_highlights":"Number of shares acquired: 9,086,213 shares (100% acquired from 0 shares before acquisition)\nAcquisition price: 5,170 million yen (5,070 million yen for common stock + 100 million yen advisory fees, etc.) (Unknown)\nProtean Electric Ltd. consolidated net sales (Fiscal year ending December 2025): 7,085,449 pounds (Year-over-Year decline (8,057,171 pounds \u2192 7,085,449 pounds))","jir_category":"","jir_hashtags":"#ExedyCorporation, #M&A, #Subsidiarization, #InWheelMotor, #JapaneseStocks","jir_key_figures":"Number of shares acquired: 9,086,213 shares (100% acquisition)\nAcquisition price: Approximately 5,170 million yen (5,070 million yen common stock + 100 million yen advisory fees etc.)\nProtean Electric Ltd. consolidated net sales (Fiscal year ending December 2025): 7,085,449 pounds (Year-over-Year decline)","jir_meta_title":"Exedy Corporation to Make Protean Electric Ltd. a Subsidiary for Approximately 5,170 Million Yen","jir_meta_description":"On February 20, 2026, Exedy Corporation resolved to acquire shares of the UK in-wheel motor developer Protean Electric Ltd. for approximately 5,170 million yen and make it a wholly owned subsidiary to strengthen the business going forward.","jir_og_title":"Exedy Corporation Subsidiarizes Protean Electric Ltd.","jir_og_description":"Exedy Corporation acquires shares of Protean Electric Ltd. to enhance electrification technology. The acquisition price is approximately 5,170 million yen.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8750,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-30521","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n