(NOTE) This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the Japanese original shall prevail.
Date: May 8, 2024
Company Name: Akebono Brake Industry Co., Ltd.
Representative: Yasuhiro Miyaji, President & CEO
(Securities Code: 7238; TSE Prime Market)
Announcement Regarding Receipt of Dividend from Consolidated Subsidiaries
The Akebono Group (hereinafter "Akebono") hereby announces that Akebono will receive a dividend of surplus from two consolidated subsidiaries, as follows.
1. Details of Dividend
Name of consolidated | Dividend amount | Resolution date | Scheduled date of |
subsidiary | receipt of dividend | ||
Akebono Brake (Thailand) | 336 million Thai baht | May 8, 2024 | May 21, 2024 |
Co., Ltd. | (1.4 billion yen) | ||
Akebono Cooperation | 25 million Thai baht | May 8, 2024 | May 21, 2024 |
(Thailand) Co., Ltd. | (0.1 billion yen) | ||
Total | 1.5 billion yen |
Note: The dividend amount is calculated at the rate of 1 Thai baht to 4.2 yen.
2. Amount of Impact on Akebono's Financial Statements
As a result of this matter, Akebono will record 1.5 billion yen of dividend income from associated companies as non-operating income in the non-consolidated financial statements for the three months ending June 30, 2024.
As this is a dividend from a consolidated subsidiary, there will be no impact on our consolidated financial results.
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Akebono Brake Industry Co. Ltd. published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 04:11:05 UTC.