Akebono Brake Industry Co. Ltd. Reports Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
December 14, 2015
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Akebono Brake Industry Co. Ltd. reported consolidated earnings results for the first half ended September 30, 2015. For the period, the company reported net sales of ¥141,605 million compared to ¥123,122 million, operating loss of ¥450 million compared to operating income of ¥3,722 million, ordinary loss of ¥1,428 million compared to ordinary income of ¥3,460 million, loss attributable to owners of parent of ¥5,774 million or ¥43.41 per basic share compared to profit attributable to owners of parent of ¥920 million or ¥6.92 per basic share for the last year. Loss before income taxes of ¥3,601 million compared to profit before income taxes of ¥3,051 million, net cash provided by operating activities was ¥3,583 million compared to ¥1,743 million and purchase of property, plant and equipment was ¥8,343 million compared to ¥10,327 million for the last year.
The company provided earnings guidance for the year ending March 31, 2016. For the year, the company expected net sales of ¥283,000 million, operating loss of ¥3,500 million, ordinary loss of ¥6,000 million and loss attributable to owners of parent ¥7,000 million or ¥52.62 per basic share.
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. Reports Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016