Corporate History

In July 1950, founder Kazuma Adachi established Daikin Seisakusho Co., Ltd. in Ikuno-ku, Osaka City, together with like-minded individuals. Amid the growth of the automotive industry, they developed their own vibration-damping clutch discs and began supplying genuine parts to Minsei Diesel Industries.

Due to the increasing demand for automotive parts, we decided to relocate our head office factory in anticipation of future growth. From the perspective of logistics efficiency and securing personnel, we selected Neyagawa City as our new base, and relocated in January 1963, with construction completed in October of the same year. At the time, it attracted considerable attention from the industry as one of the largest specialized automotive parts factories in Japan (approximately 35,750 m²).

Recognizing the potential of the US market and seeking opportunities to enter the American market, we dispatched a representative to the Chicago Joint Office of the Japan Auto Parts Industries Association (JAPIA) in 1967. While conducting on-site duties, we promoted market research and sales activities, and in 1968, we established our first overseas representative office.

In 1973, Daikin RM Co., Ltd. (later Dynax Corporation) was established as a joint venture with Rayvests Manhattan Company of the United States, forming the foundation of the current AT business. Friction material manufacturing began at the Chitose Plant in Hokkaido.

In October 1973, we were listed on the Second Section of the Osaka Securities Exchange. Through a capital increase, its capital reached 1.5 billion yen, aiming for further business expansion and strengthening of its management base as a clutch manufacturer.

In 1973, amidst growing concerns about industrial pollution, we secured approximately 150,000 square meters of land in Ueno City, Mie Prefecture (now Iga City), with the aim of reducing our environmental impact. In August 1975, we completed the construction of our foundry and forging plant. This plant now serves as one of the world's largest torque converter manufacturing bases, supporting our core business.

With the aim of strengthening our supply capacity for repair parts, we established "Daikin Clutch USA" in the suburbs of Los Angeles in 1977 as our group's first overseas sales base. By enabling rapid inventory response, we established a stable service system that meets the needs of local customers.

In November 1984, we exported a clutch manufacturing plant to Lennag GmbH in East Germany. This was our first plant export project, completed after 10 years of negotiations in a complex environment involving different political and economic systems.

In 1985, Daikin Clutch Indonesia was established in response to Indonesia's domestic production policy. By collaborating with local partners and trading companies and supporting the establishment of a local procurement system through technology transfer, the company laid the foundation for its business development in the country.

As part of our CI (Corporate Identity) activities, we established a new corporate philosophy, "Cration of Fulfillment," in January 1994 to clearly articulate our direction and the attitudes of each individual employee.

In August 1995, we changed our name from "Daikin Seisakusho Co., Ltd." to "EXEDY Corporation."

Aiming to expand our AT business in the United States, we established Daikin Drive Components Corporation in Tennessee, USA in 1994. In August 1995, we began production of torque converters at our first overseas location.

In September 1996, we were reclassified to the First Section of the Osaka Securities Exchange.

In August 1997, we were listed on the First Section of the Tokyo Stock Exchange, further strengthening our commitment to fulfilling our social responsibilities as a company.

In response to the growing demand for motorcycles in ASEAN, production of one-way clutches for starter motors began in Thailand in December 2001. To this day, we have expanded our product range to include multi-plate clutches and centrifugal clutches.

In 2009, we provided a dry multi-plate clutch to the FIAT YAMAHA TEAM, which competes in MotoGP, the world's premier motorcycle racing series, and helped them win the series championship. Subsequently, we also contributed to their series championship victories in 2010 and 2012.

In February 2012, we completed our new 11-story main building as the centerpiece of EXEDY Group's new global base and a place to connect employees around the world.

In July 2021, we formulated and announced our Sustainability Declaration and Long-Term Vision. The Sustainability Declaration proclaims our commitment to realizing a sustainable society and achieving sustainable growth for our group. Long-Term Vision, based on our corporate philosophy, outlines the state our group aims to achieve by fiscal year 2050.

In April 2024, we formulated and announced our Mid-to Long-Term Strategy and Mid-Term Management Plan, "REVOLUTION 2026." Mid-to Long-Term Strategy was formulated with a view to fiscal year 2030 in order to realize Long-Term Vision, and is centered on "transformation of the business portfolio," and consists of business strategy, financial strategy, ESG strategy, IR strategy, and SR strategy. Mid-Term Management Plan is a three-year plan formulated as a milestone for the Mid-to Long-Term Strategy, and its core elements are achieving an optimal capital structure, improving the profitability of core businesses, and creating and developing new businesses.