Akebono Brake Industry Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 136,050 million compared with JPY 133,475 million for the same period a year ago. Operating profit was JPY 4,384 million compared with JPY 736 million for the same period a year ago. Ordinary profit was JPY 3,017 million compared with loss of JPY 1,479 million for the same period a year ago. Profit attributable to owners of parent was JPY 1,222 million or JPY 9.17 per share compared with loss of JPY 2,831 million or JPY 21.26 per share for the same period a year ago. Profit before income taxes was JPY 3,026 million compared with loss before income taxes of JPY 1,486 million for the same period a year ago. Net cash provided by operating activities was JPY 6,772 million compared with JPY 2,940 million for the same period a year ago. Purchase of property, plant and equipment was JPY 4,930 million compared with JPY 7,919 million for the same period a year ago.

The company provided earnings guidance for the full year of 2018. For the full year, the company expects to report net sales of JPY 250,600 million, operating income of JPY 8,000 million, ordinary income of JPY 5,800 million and profit attributable to owners of parent of JPY 3,000 million or JPY 22.52 per share.