Akebono Brake Industry Co. Ltd. reported consolidated earnings results for the first half ended September 30, 2016. For the period, the company reported net sales of ¥133,475 million compared to ¥141,605 million, operating income of ¥736 million compared to operating loss of ¥450 million, ordinary loss of ¥1,479 million compared to ¥1,428 million, loss attributable to owners of parent of ¥2,831 million or ¥21.26 per basic share compared to ¥5,774 million or ¥43.41 per basic share for the last year. Loss before income taxes of ¥1,486 million compared to ¥3,601 million, net cash provided by operating activities was ¥2,940 million compared to ¥3,583 million and purchase of property, plant and equipment was ¥7,919 million compared to ¥8,343 million for the last year.

The company provided earnings guidance for the year ending March 31, 2017. For the year, the company expected net sales of ¥257,500 million, operating loss of ¥4,000 million, ordinary loss of ¥400 million and loss attributable to owners of parent ¥200 million or ¥1.50 per basic share.