Akebono Brake Industry Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2020
February 12, 2020
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Akebono Brake Industry Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2019. For the period, the company reported net sales of ¥148,885 million, operating profit of ¥2,388 million, profit of ¥21,870 million or basic earnings per share of ¥155.55 and diluted earnings per share of ¥91.08 compared to net sales of ¥186,295 million, operating profit of ¥2,324 million, loss of ¥16,916 million or basic loss per share of ¥133.21 a year ago. Diluted earnings per share was JPY 91.08.
For the full year ending March 31, 2020, the consolidated company expects net sales of ¥196,400 million, operating profit of ¥2,800 million.
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 Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2020
AKEBONO BRAKE INDUSTRY CO., LTD. 
