Akebono Brake Industry Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
February 06, 2018
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Akebono Brake Industry Co., Ltd. reported consolidated earnings results for the nine months ended Dec. 31, 2017. For the period, the company reported net sales of JPY 200,495 million compared to JPY 196,734 million a year ago. Operating income was JPY 6,507 million compared to JPY 1,611 million a year ago. Ordinary profit was JPY 4,835 million compared to loss of JPY 1,028 million a year ago. Profit attributable to owners of parent was JPY 2,259 million or JPY 16.96 per basic share compared to loss of JPY 2,760 million or JPY 20.73 per basic share a year ago.
For the fiscal year ending March 31, 2018, the company expects net sales of JPY 250,600 million, operating profit of JPY 8,000 million, ordinary profit of JPY 5,800 million, profit attributable to owners of parent of JPY 3,000 million or JPY 22.52 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 Nine Months Ended Dec. 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018