2 stories mentioning TYO:7278Updated just now
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Exedy (TYO:7278) will invest about 1.7 billion yen in U.S.-based fund Allegis LS III 2026-10, a series of CGF2021 LLC, according to a Tokyo bourse filing on Thursday.The fund, which will be established at the end of September, will become a consolidated subsidiary of the auto parts manufacturer.Through the investment, the company looks to invest in or collaborate with startups in launching new businesses.
Exedy (TYO:7278) said it will launch a new performance-linked restricted stock remuneration plan for executive officers, according to a Friday filing on the Tokyo Stock Exchange.The Japan-based company said the new plan will replace its existing restricted stock compensation plan to better link its executive compensation to the company's performance and the value of its shares.Under the new plan, performance targets will be specified in advance, and eligible executives will receive company shares after the performance evaluation period according to the degree of achievement.
