Akebono Brake Industry Co. Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
August 03, 2017
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Akebono Brake Industry Co. Ltd. announced earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 69,779 million compared to JPY 67,043 million a year ago. Operating profit was JPY 1,906 million compared to operating loss was JPY 1,031 million a year ago. Ordinary profit was JPY 1,507 million against ordinary loss was JPY 2,260 million a year ago. Net profit attributable to owners of the parent was JPY 552 million compared to net loss attributable to owners of the parent was JPY 3,065 million a year ago. Basic and diluted earnings per share were JPY 4.14.
For the full year 2018, the company expects net sales of JPY 250,600 million, operating income of JPY 8,000 million, ordinary income of JPY 5,800 million, net profit attributable to owners of the parent of JPY 3,000, and basic earnings per share of JPY 22.52.
AKEBONO BRAKE INDUSTRY CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of brakes for automotive, industrial equipment and railway vehicles, as well as the research and development business and the logistics services business. The Company operates through six regional segments. The Company is engaged in the production of disc brakes, disc pads, drum brakes, shoe assemblies, brake linings, industrial equipment brakes, railway vehicles brakes, corner modules, rotors, master cylinders and other products. The Company operates in Japan, North America, Europe, China, Thailand and Indonesia.
Akebono Brake Industry Co. Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018